Abstract: Since population models are often subject to environmental noise, in this paper we stochastically perturb the Lotka-Volterra model with variable delay x(t)=diag(x(t))[b + Ax(t) + Bx(t-δ(t))] into the Ito form dx(t) = diag(x(t))[(b+ Ax(t) + Bx(t-δ(t)))dt+(Qx(t) + Rx(t -δ(t))dw(t)]. We reveal that the environmental noise will not only suppress a potential population explosion in such model but will also make the solutions to be stochastically ultimately bounded without any additional condition on the coefficients b, A, B.