MFS(R) VARIABLE INSURANCE TRUST:

                       MFS(R) CAPITAL OPPORTUNITIES SERIES

                      Supplement to the Current Prospectus

Effective  immediately,  the Portfolio Manager section of the prospectus for the
series listed above is hereby restated as follows:

The  Capital  Opportunities  Series is managed by a team of  portfolio  managers
comprised  of S. Irfan Ali and  Kenneth  J.  Enright,  each an MFS  Senior  Vice
President.  These  individuals  have been the series'  portfolio  managers since
October 7, 2002,  and they have been employed in the MFS  investment  management
area since: Mr. Ali - 1993 and Mr. Enright - 1986.

Members of the team may  change  from time to time,  and a current  list of team
members is  available  by  contacting  MFS  Service  Center,  Inc.,  2 Avenue de
Lafayette, Boston, MA 02111-1738, telephone number 1-800-343-2829, ext. 3500.

                The date of this Supplement is October 24, 2002