2/6/12 Jackson Variable Series Trust 497 2/6/12 1:4M → Curian Dynamic Risk Advantage – Diversified Fund → Curian Dynamic Risk Advantage – Growth Fund → Curian Dynamic Risk Advantage – Income Fund → Curian Guidance – Institutional Alt 65 Fund → Curian Guidance – Tactical Maximum Growth Fund → Curian Guidance – Tactical Moderate Growth Fund → Curian/Invesco Balanced-Risk Commodities Strategy Fund → Curian/PineBridge Merger Arbitrage Fund → Curian/The Boston Co. Multi-Alpha Market Neutral Equity Fund → JNAM Guidance – Equity Income Fund → JNAM Guidance – Maximum Growth Fund → JNAM Guidance – Moderate Growth Fund → JNL Conservative Allocation Fund → JNL Institutional Alt 100 Fund → JNL iShares Tactical Growth Fund → JNL iShares Tactical Moderate Fund → JNL iShares Tactical Moderate Growth Fund → JNL Moderate Allocation Fund → JNL/American Funds Growth Fund → JNL/AQR Risk Parity Fund → JNL/Epoch Global Shareholder Yield Fund → JNL/FAMCO Flex Core Covered Call Fund → JNL/Franklin Templeton Natural Resources Fund → JNL/Mellon Equity Income Fund → JNL/Nicholas Convertible Arbitrage Fund → JNL/PIMCO Investment Grade Credit Bond Fund