-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S2tzfMgeJPnV7ONuHptfz5d3P4Mnl6OMM1gU0XlixWPNrU0iX1QTZmlpCQt9JgaW QiCaXvtwMn2txm6hSxND1g== 0000919574-09-001864.txt : 20090206 0000919574-09-001864.hdr.sgml : 20090206 20090206133359 ACCESSION NUMBER: 0000919574-09-001864 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090206 DATE AS OF CHANGE: 20090206 EFFECTIVENESS DATE: 20090206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND INC CENTRAL INDEX KEY: 0000825316 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-18647 FILM NUMBER: 09576052 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129691000 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 0000825316 S000010447 AllianceBernstein Global Technology Portfolio C000028860 Class A C000028861 Class B 497 1 d962015_497-e.txt This is filed pursuant to Rule 497(e). File Nos. 33-18647 and 811-05398. LOGO] ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC. -AllianceBernstein Global Technology Portfolio - -------------------------------------------------------------------------------- Supplement dated February 6, 2009 to the Prospectuses dated May 1, 2008 of AllianceBernstein Variable Products Series Fund, Inc. that offer Class A and Class B shares of AllianceBernstein Global Technology Portfolio. Recently, the Board of Directors (the "Directors") of AllianceBernstein Variable Products Series Fund, Inc. (the "Fund") approved proposals to rename the AllianceBernstein Global Technology Portfolio (the "Portfolio") "AllianceBernstein Global Thematic Growth Portfolio" and to change the Portfolio's investment strategy from its focus on companies expected to derive a substantial portion of their revenues from products and services in technology-related industries and/or to benefit from technological advances and improvements ("technology companies") to an investment strategy pursuing opportunistic growth across multiple industries. The Directors and AllianceBernstein L.P., the Portfolio's investment adviser (the "Adviser"), believe that broadening the Portfolio's strategy and investment universe is appropriate given the broad impact of technology and innovation on the world's economy in recent decades. In connection with the change in the Portfolio's name, the Directors approved a proposal to eliminate the Portfolio's policy to invest at least 80% of its net assets in technology companies. The changes to the Portfolio's name and non-fundamental policies do not require stockholder approval under the Investment Company Act of 1940, as amended. The name and policy changes will not become effective until at least 60 days after the date of this Supplement and are expected to be effective on or about May 1, 2009. The Adviser expects that the Portfolio's portfolio will be transitioned to the new investment policies shortly thereafter and that up to 80-85% of the Portfolio's portfolio may be repositioned in connection with the changes. The Portfolio has focused on investments in growth equity companies that were expected to benefit from innovative technological advances and improvements. In May, the Portfolio's investment strategy will be broadened to include investments in a global universe of companies in multiple industries, many of which may benefit from technological innovation. The Portfolio's investments will not be restricted to any particular sector or industry. Drawing on the research initiatives of the Adviser, and its economists' macro-economic insights, the Portfolio's new investment strategy will seek to identify long-term trends that will affect multiple industries. The Adviser will assess the effects of these trends, in the context of the business cycle, on entire industries and on individual companies. Through this process, the Adviser intends to identify key investment themes, which will be the focus of the Portfolio's portfolio and which are expected to change over time based on the Adviser's research. In addition to this "top-down" thematic approach, the Adviser will also use a "bottom-up" analysis of individual companies that focuses on prospective earning growth, valuation and quality of company management. Overall, the goal of this investment process is to identify the most attractive securities across multiple industries worldwide, fitting into our broader themes. The Portfolio will normally invest in about 60-80 companies. In connection with the change in investment strategy, the Portfolio's benchmark is being changed from the MSCI World Index to the MSCI All Country World Index. The day-to-day management of, and investment decisions for, the AllianceBernstein Global Thematic Growth Portfolio's portfolio will be made by the Adviser's Global Thematic Growth Portfolio Oversight Group, co-headed by Catherine Wood and Stephen Tong and comprised of representatives of the Adviser's Global Economic Research Team, Growth Quantitative Research Team, Early Stage Growth Team and Research on Strategic Change Team. Each Investment Team relies heavily on the fundamental analysis and research of the Adviser's large internal research staff. The following table lists the members of the Teams with the most significant responsibility for the day-to-day management of the Portfolio's portfolio, the length of time that each person has been jointly and primarily responsible for the Portfolio, and each person's principal occupation during the past five years: Principal Occupation During the Employee; Year; Title Past Five (5) Years - ------------------------------ ----------------------------------------- Catherine D. Wood; since May Senior Vice President of the Adviser, with 2009; Senior Vice President which she has been associated in a of the Adviser substantially similar capacity to her current position since prior to 2004. She is also the Chief Investment Officer of Strategic Research. Stephen Tong; since May Associate Director of Global Growth Research 2009; Senior Vice President of the Adviser since December 2007. Prior of the Adviser thereto, he was Chief Executive Officer of AllianceBernstein Japan from March 2007 until December 2007. Prior thereto, he was Director of Japan Growth Research for AllianceBernstein Japan since prior to 2004. Amy P. Raskin; since May 2009; Senior Vice President of the Adviser, with Senior Vice President of the which she has been associated in a Adviser substantially similar capacity to her current position since prior to 2004. She is also Director of Research on Strategic Change since 2006 and Director of Early Stage Growth Unit since 2008. Joseph G. Carson; since May Senior Vice President of the Adviser, with 2009; Senior Vice President which he has been associated in a of the Adviser substantially similar capacity to his current position since prior to 2004 and Director of Global Economic Research on Fixed-Income. Lisa A. Shalett; since May Executive Vice President of the Adviser, 2009; Executive Vice with which she has been associated in a President of the Adviser substantially similar capacity to her current position since prior to 2004. In February 2007, she joined the management team of Alliance Growth Equities as the Global Research Director and was named Global Head of Growth Equities in January 2008. For the four years prior, Ms. Shalett was Chair and Chief Executive Officer of Sanford C. Bernstein LLC, the firm's institutional research brokerage business. Vadim Zlotnikov; since May Executive Vice President of the Adviser, and 2009; Executive Vice Chief Investment Officer of Growth Equities President of the Adviser and head of Growth Portfolio Analytics since January 2008. Prior thereto, he was the chief investment strategist for Sanford C. Bernstein's institutional research unit since prior to 2004. * * * * * This Supplement should be read in conjunction with the Prospectuses for the Portfolio. You should retain this Supplement with your Prospectuses for future reference. 00250-0292 962015 -----END PRIVACY-ENHANCED MESSAGE-----