BLACKROCK BASIC VALUE FUND, INC.

BLACKROCK VARIABLE SERIES FUNDS, INC.

BlackRock Basic Value V.I. Fund

 

(each, a “Fund” and collectively, the “Funds”)

Supplement dated February 14, 2014 to the

Prospectus of each Fund

 

Effective immediately, Fund management has determined to remove the Standard & Poor’s (“S&P”) 500 ® Index as a benchmark against which each Fund measures its performance. Fund management believes the S&P 500 ® Index no longer has characteristics similar to the current investment strategy of the Funds.

Shareholders should retain this Supplement for future reference.

 

PRO-10042VAR-0214SUP

 

 

 

 

 

 

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