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ALPS Distributors, Inc. is the distributor for the AVS Listed Private Equity Portfolio. An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click the link to obtain a prospectus which contain this and other information, or call (866) 514-3949. Read the prospectus carefully before investing. An investment in the Portfolio involves risk, including possible loss of principal.

©2008 AVS Listed Private Equity Portfolio. All rights reserved.

AVS Listed Private Equity Portfolio is a series of ALPS Variable Insurance Trust.