# EDGAR Filing Document

**Accession Number:** 0000355916
**File Stem:** 0001193125-23-027197
**Filing Date:** 2023-2
**Character Count:** 8548
**Document Hash:** d0caa078342d836c531f9a2a419d9f30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-027197.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001193125-23-027197

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230207

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Variable Series Funds, Inc.
- **CENTRAL INDEX KEY:** 0000355916
- **IRS NUMBER:** 133093080
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-74452
- **FILM NUMBER:** 23596373

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAM Variable Series Funds, Inc.
- **DATE OF NAME CHANGE:** 20050720

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MERRILL LYNCH VARIABLE SERIES FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### BlackRock S&P 500 Index V.I. Fund (Series ID: S000002875)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000007902 | Class I      |  |
| C000007903 | Class II     |  |
| C000007904 | Class III    |  |

**BLACKROCK VARIABLE SERIES FUNDS, INC.** 

BlackRock International Index V.I. Fund

BlackRock S&P 500 Index V.I. Fund

BlackRock Small Cap Index V.I. Fund

(each, a "Fund" and together, the "Funds")

**Supplement dated February 8, 2023 to the Summary Prospectuses and the** 

**Prospectuses of the Funds, each dated May 1, 2022, as supplemented to date** 

**Effective on February 8, 2023, the following changes are made to the Funds' Summary Prospectuses and Prospectuses, as applicable:** 

**The section of the Summary Prospectus for BlackRock International Index V.I. Fund entitled "Key Facts About BlackRock International Index V.I. Fund — Portfolio Managers" and the section of the Prospectus for BlackRock International Index V.I. Fund entitled "Fund Overview — Key Facts About BlackRock International Index V.I. Fund — Portfolio Managers" are deleted in their entirety and replaced with the following:**

---

| | | |
|:---|:---|:---|
| **Name** | **Portfolio Manager of**<br> **the Fund Since** | **Title** |
| Paul Whitehead | 2022 | Managing Director of BlackRock, Inc. |
| Suzanne Henige, CFA<sup>1</sup> | 2020 | Managing Director of BlackRock, Inc. |
| Jennifer Hsui, CFA | 2018 | Managing Director of BlackRock, Inc. |

---

<sup>1</sup> On or about April 14, 2023, Suzanne Henige will no longer serve as a portfolio manager of the Fund.

**The section of the Summary Prospectus for BlackRock S&P 500 Index V.I. Fund entitled "Key Facts About BlackRock S&P 500 Index V.I. Fund — Portfolio Managers" and the section of the Prospectus for BlackRock S&P 500 Index V.I. Fund entitled "Fund Overview — Key Facts About BlackRock S&P 500 Index V.I. Fund — Portfolio Managers" are deleted in their entirety and replaced with the following:**

---

| | | |
|:---|:---|:---|
| **Name** | **Portfolio Manager of**<br> **the Fund Since** | **Title** |
| Paul Whitehead | 2022 | Managing Director of BlackRock, Inc. |
| Suzanne Henige, CFA<sup>1</sup> | 2020 | Managing Director of BlackRock, Inc. |
| Jennifer Hsui, CFA | 2016 | Managing Director of BlackRock, Inc. |

---

<sup>1</sup> On or about April 14, 2023, Suzanne Henige will no longer serve as a portfolio manager of the Fund.

**The section of the Summary Prospectus for BlackRock Small Cap Index V.I. Fund entitled "Key Facts About BlackRock Small Cap Index V.I. Fund — Portfolio Managers" and the section of the Prospectus for BlackRock Small Cap Index V.I. Fund entitled "Fund Overview — Key Facts About BlackRock Small Cap Index V.I. Fund — Portfolio Managers" are deleted in their entirety and replaced with the following:**

---

| | | |
|:---|:---|:---|
| **Name** | **Portfolio Manager of**<br> **the Fund Since** | **Title** |
| Paul Whitehead | 2022 | Managing Director of BlackRock, Inc. |
| Suzanne Henige, CFA<sup>1</sup> | 2020 | Managing Director of BlackRock, Inc. |
| Jennifer Hsui, CFA | 2018 | Managing Director of BlackRock, Inc. |

---

<sup>1</sup> On or about April 14, 2023, Suzanne Henige will no longer serve as a portfolio manager of the Fund.

------

**The section of the Prospectuses entitled "Details About the Fund — How the Fund Invests — About the Portfolio Management Team of the Fund" is deleted in its entirety and replaced with the following:** 

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;**ABOUT THE PORTFOLIO MANAGEMENT TEAM OF THE FUND** |
| &nbsp;&nbsp;&nbsp;The Fund is managed by a team of financial professionals. Paul Whitehead, Suzanne Henige, CFA<sup>1</sup>, and Jennifer Hsui, CFA are the portfolio managers and are jointly and primarily responsible for the day-to-day management of the Fund. Please see "Management of the Funds — Portfolio Manager Information" for additional information about the portfolio management team. |

---

<sup>1</sup> On or about April 14, 2023, Suzanne Henige will no longer serve as a portfolio manager of the Fund.

**The section of the Prospectuses entitled "Management of the Funds — Portfolio Manager Information — BlackRock International Index V.I. Fund and BlackRock Small Cap Index V.I. Fund" is deleted in its entirety and replaced with the following:**

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Manager** | **Primary Role** | **Since** | **Title and Recent Biography** |
| Paul Whitehead | Jointly and primarily responsible for the day-to-day management of each Fund's portfolio, including setting each Fund's overall investment strategy and overseeing the management of the Funds. | 2022 | Managing Director of BlackRock, Inc. since 2010; Director of BlackRock, Inc. from 2009 to 2010; Principal of Barclays Global Investors ("BGI") from 2002 to 2009. |
| Suzanne Henige, CFA<sup>1</sup> | Jointly and primarily responsible for the day-to-day management of each Fund's portfolio, including setting each Fund's overall investment strategy and overseeing the management of the Funds. | 2020 | Managing Director of BlackRock, Inc. since 2022; Director of BlackRock, Inc. from 2016 to 2021; Vice President of BlackRock, Inc. from 2011 to 2015. |
| Jennifer Hsui, CFA | Jointly and primarily responsible for the day-to-day management of each Fund's portfolio, including setting each Fund's overall investment strategy and overseeing the management of the Funds. | 2018 | Managing Director of BlackRock, Inc. since 2011; Director of BlackRock, Inc. from 2009 to 2011; Principal of BGI from 2006 to 2009. |

---

<sup>1</sup> On or about April 14, 2023, Suzanne Henige will no longer serve as a portfolio manager of the Fund.

------

**The section of the Prospectuses entitled "Management of the Funds — Portfolio Manager Information — BlackRock S&P 500 Index V.I. Fund" is deleted in its entirety and replaced with the following:**

---

| | | | |
|:---|:---|:---|:---|
| **Portfolio Manager** | **Primary Role** | **Since** | **Title and Recent Biography** |
| Paul Whitehead | Jointly and primarily responsible for the day-to-day management of the Fund's portfolio, including setting the Fund's overall investment strategy and overseeing the management of the Fund. | 2022 | Managing Director of BlackRock, Inc. since 2010; Director of BlackRock, Inc. from 2009 to 2010; Principal of Barclays Global Investors ("BGI") from 2002 to 2009. |
| Suzanne Henige, CFA<sup>1</sup> | Jointly and primarily responsible for the day-to-day management of the Fund's portfolio, including setting the Fund's overall investment strategy and overseeing the management of the Fund. | 2020 | Managing Director of BlackRock, Inc. since 2022; Director of BlackRock, Inc. from 2016 to 2021; Vice President of BlackRock, Inc. from 2011 to 2015. |
| Jennifer Hsui, CFA | Jointly and primarily responsible for the day-to-day management of the Fund's portfolio, including setting the Fund's overall investment strategy and overseeing the management of the Fund. | 2016 | Managing Director of BlackRock, Inc. since 2011; Director of BlackRock, Inc. from 2009 to 2011; Principal of BGI from 2006 to 2009. |

---

<sup>1</sup> On or about April 14, 2023, Suzanne Henige will no longer serve as a portfolio manager of the Fund.

**Shareholders should retain this Supplement for future reference.**