Victory Variable Insurance Funds

10/01/2024 | Press release | Distributed by Public on 10/01/2024 14:39

Prospectus by Investment Company - Form 497

VVI - New Officer Positions - Treasurer and AML Officer

Victory Variable Insurance Funds

Victory RS Large Cap Alpha VIP Series

Victory RS Small Cap Growth Equity VIP Series

Victory RS International VIP Series

Victory Sophus Emerging Markets VIP Series

Victory High Yield VIP Series

Victory 500 Index VIP Series

Supplement dated October 1, 2024,

to the Statement of Additional Information dated May 1, 2024, as supplemented ("SAI")

Effective October 1, 2024, Allan Shaer has resigned as the Treasurer and Michael Bryan has resigned as the Anti- Money Laundering Compliance Officer and Identify Theft Officer of Victory Variable Insurance Funds (the "Trust"). Carol D. Trevino and D. Brent Rowe are hereby appointed by the Board of Trustees (the "Board") to serve as Treasurer and Anti-Money Laundering Compliance Officer and Identify Theft Officer, respectively, of the Trust.

Accordingly, the SAI is hereby supplemented and revised as follows:

1.All references to Messrs. Shaer and Bryan listed in the SAI are deleted.

2.In the Management of the Trust section of the SAI under the heading "Officers of the Trust" the following rows are hereby added to the table:

Date

Name and

Position with

Commenced

Principal Occupation

Date of Birth

the Trust

Service

During Past 5 Years

Carol D. Trevino

Treasurer*

February 2023*

Director, Financial Reporting, Fund

(October 1965)

Administration (5/1/23-present); Director,

Accounting and Finance, the Adviser (7/1/19-

4/30/23). Ms. Trevino also serves as Treasurer of

Victory Portfolios, Victory Portfolios II, and

Victory Portfolios III.

D. Brent Rowse

Anti-Money

October 2024

Sr. Compliance Officer, the Adviser (4/1/23-

(November 1981)

Laundering

present); Compliance Officer, the Adviser (7/1/19-

Compliance

3/31/23). Mr. Rowse also serves as the Anti-

Officer and

Money Laundering Compliance Officer and

Identify Theft

Identity Theft Officer for Victory Portfolios,

Officer

Victory Portfolios II, and Victory Portfolios III,

and the Anti-Money Laundering Compliance

Officer for Victory Capital Services, Inc.

* Effective October 1, 2024, Ms. Trevino resigned as Assistant Treasurer and accepted the position of Treasurer of the Trust.