We investigate the propagation of cw (continuous wave) circularly symm
etric Gaussian beams in a nonlinear saturable medium using a modified
variational approach. We find the equations that describe the characte
ristics of the beam, solving them analytically in various regimes. We
also determine the conditions under which these solutions may be stabl
e in two transverse dimensions. Finally, we solve these equations nume
rically in the case of loss, comparing them with the lossless analytic
al solutions in the limit of small losses.