FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT THIS AMENDMENT effective as of the 14th day of February, 2011, amends that certain Investment Advisory Agreement (the "Agreement") by and between Virtus Variable Insurance Trust, a Delaware statutory...

FIRST AMENDMENT TO
INVESTMENT ADVISORY AGREEMENT

      THIS AMENDMENT effective as of the 14th day of February,
2011, amends that certain Investment Advisory Agreement (the
"Agreement") by and between Virtus Variable Insurance Trust, a
Delaware statutory trust (the "Trust"), and Virtus Investment
Advisers, Inc., a Massachusetts corporation (the "Adviser"),
as follows:


1. The Agreement is hereby amended to include Virtus
Premium AlphaSector Series as an "Additional
Series" pursuant to paragraph 2.  Schedule A to
the Agreement is hereby replaced with Schedule A
attached hereto and made a part hereof.

2. Except as expressly amended hereby, all provisions
of the Agreement shall remain in full force and
effect and are unchanged in all other respects.
All initial capitalized terms used but not defined
herein shall have such meanings as ascribed
thereto in the Agreement, as amended.

3. This Agreement may be executed in any number of
counterparts (including executed counterparts
delivered and exchanged by facsimile transmission)
with the same effect as if all signing parties had
originally signed the same document, and all
counterparts shall be construed together and shall
constitute the same instrument.  For all purposes,
signatures delivered and exchanged by facsimile
transmission shall be binding and effective to the
same extent as original signatures.



[signature page follows]



    IN WITNESS WHEREOF, the parties hereto intending to be
legally bound have caused this Agreement to be executed by
their duly authorized officers or other representatives.


VIRTUS VARIABLE INSURANCE TRUST


By: /s/ Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President


VIRTUS INVESTEMENT ADVISERS, INC.


By: /s/ Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: Senior Vice President


SCHEDULE A


Series                            Annual Investment Advisory Fee

Virtus Premium AlphaSector Series                  1.10%
Virtus Small-Cap Growth Series                     0.85%
Virtus Small-Cap Value Series                      0.90%



                           1st            Next           Over
                         $250 Mil        $250 Mil       $500 Mil


Virtus Capital Growth      0.70%          0.65%           0.60%
Series

Virtus Growth & Income     0.70%            0.65%         0.60%
Series

Virtus Multi-Sector        0.50%            0.45%         0.40%
Fixed Income Series

Virtus Strategic           0.60%            0.55%         0.50%
Allocation Series

Virtus International       0.75%            0.70%         0.65%
Series


                        1st           Next $1          Over
                     $1 Billion     $1 Billion      $2 Billion

Virtus Real Estate     0.75%           0.70%           0.65%
Securities Series