X0101 EFFECT 33 LIVE 2017-03-08 16:35:00

N-14

0000822671 PUTNAM VARIABLE TRUST 333-215836 0000822671 PUTNAM VARIABLE TRUST S000003894 Putnam VT Equity Income Fund C000010883 Class IA Shares 0000822671 PUTNAM VARIABLE TRUST S000003898 Putnam VT Growth and Income Fund C000010891 Class IA Shares 0000822671 PUTNAM VARIABLE TRUST S000003894 Putnam VT Equity Income Fund C000010884 Class IB Shares 0000822671 PUTNAM VARIABLE TRUST S000003898 Putnam VT Growth and Income Fund C000010892 Class IB Shares