EX. 12(b)(ii)

                                 CERTIFICATIONS

I, Nick Bonos, Treasurer of Rydex Variable Trust (the "Trust"), certify that:

     1.   The Form N-CSR of the Trust (the  "Report")  fully  complies  with the
          requirements of Section 13(a) or 15(d) of the Securities  Exchange Act
          of 1934; and

     2.   The  information  contained  in the  Report  fairly  presents,  in all
          material respects,  the financial  condition and results of operations
          of the Trust.

A signed  original of this  written  statement  required by Section 906 has been
provided  to the Trust and will be retained  by the Trust and  furnished  to the
Securities and Exchange Commission or its staff upon request.

Dated: March 8, 2005

                                              /S/ NICK BONOS
                                              --------------
                                              Nick Bonos,
                                              Vice President and Treasurer