Supplement to the Service and Standard Class Prospectuses
                                     for the
                    Lincoln Variable Insurance Products Trust
                              Dated April 30, 2008
                        as Supplemented October 23, 2008

On December 3, 2008, the Board of Trustees of the Lincoln Variable Insurance
Products Trust approved the participation of the LVIP Money Market Fund (the
"Fund"), a series of Lincoln Variable Insurance Products Trust, in the extended
term of the Temporary Guarantee Program for Money Market Funds (the "Program")
created by the U.S. Department of the Treasury (the "Treasury").

Subject to certain conditions and limitations, the Program guarantees to each
shareholder as of September 19, 2008 the lesser of the value of his/her
investment in the Fund as of that date, or the value of the account at the time
the net asset value of the Fund falls below $9.95. The Program intends to
protect those assets against loss if the Fund liquidates its holdings and it is
determined that shareholders would, absent the Program, receive less than $10
per share.

The Program terminates on April 30, 2009, unless it is extended by the Treasury.
The Treasury is authorized to extend the Program but to no later than September
18, 2009; however, there can be no assurance that the Fund will participate if
the Program is extended beyond April 30, 2009. The Fund will bear the cost of
participating in the Program; consequently, such expense will be borne by the
Fund's shareholders. In the event the Program is further extended by the
Treasury and the Board elects to participate, the Fund will be required to pay
an additional fee.

Further information concerning the Program can be found on the Treasury's
website at www.ustreas.gov.


Dated January 26, 2009





                 Please keep this Supplement with your records.