Call it anything you want, but it’s ugly and it’s hard on your health. The subject recently came up in The Peak Testosterone Forum. A poster asked this question:
“So I’ve read in several articles how visceral fat (yes, the nasty deadly one) is harder to get rid of from diet and exercise than subcutaneous fat. I have not seen anything that compares these two as a result of HRT. With that said, here is a fairly obvious observation I’ve made from my TRT over the last 2-1/2 months:”
“…4) My waste has shrunk almost 2 belt notches after gaining this 5 to 6 pounds!…So from all of this it seems the only explanation for the belt reduction is visceral fat removal. Does picking up your T levels significantly cause visceral fat to fall away faster than subcutaneous? Is this fully understood?” 
As you can see, this man went on HRT and is asking if the increased testosterone could have improved his visceral (belly) fat levels? The answer is “Yes!”
Below, I will show some studies that show powerfully testosterone can lower visceral fat. But this should be a sobering reminder to most men out there: if a man overeats, his high testosterone levels end up creating deadly fat in the belly area, i.e. visceral fat through signaling of preadipocytes.  Yes, you are predisposed to deadly visceral fat!
1. Obese Men. In one study of obese men, they made no lifestyle changes but simply gave the men testosterone therapy. The participants experienced many positive changes, but one of them was a significant decrease in visceral fat. As I mention in my link on Testosterone and Insulin, testosterone has a powerful insulin lowering effect.
2. Non-obese Seniors. One study put men on patches and only modestly increased their testosterone levels by about 30% from their starting point. Even with such relatively small changes, visceral fat decreased significantly in these senior men. 
So it’s literally no exagerration to say that if you are low or lowish T, adding testosterone will probably melt off your visceral fat. Of course, deciding whether or not to go on HRT is a personal decision between you and your doctor that involves many variables, but it’s always good to know the truth and the truth is that testosterone is strongly related to your “gut”.
This fact has been verified in many other ways as well. First of all, a study on Japanese American men found that testosterone levels were inversely associated with visceral fat.  In other words, the more testosterone, the less the visceral fat and vice versa. Another interesting study gave a little more understanding by essentially blocking testosterone signaling in healthy young men.  What they found was that all fat increased, but especially visceral fat. In other words, if you are low testosterone, you will very much be at risk for general weight gain as well.
NOTE: See my link on How to Lower Fasting Insulin Levels for more information of interest as well.
2) International Journal of Obesity and Related Metabolic Disorders : Journal of the International Association for the Study of Obesity, 1992, 16(12):991-997, “The effects of testosterone treatment on body composition and metabolism in middle-aged obese men.”
3) J Clin Endocrinol Metab, 2008, 93(1):139-146, “Testosterone therapy prevents gain in visceral adipose tissue and loss of skeletal muscle in nonobese aging men”
4) International Journal of Obesity and Related Metabolic Disorders : Journal of the International Association for the Study of Obesity, 2000, 24(4):485-491, “Low serum testosterone level as a predictor of increased visceral fat in Japanese-American men”
5) J Clin Endocrinol Metab, 1998, 83:1886, “Testosterone deficiency in young men: marked alterations in whole body protein kinetics, strength and adiposity”
6) American Journal of Physiology – Cell Physiology, Aug 1 2013, 305:C355-C359, “Testosterone induces cell proliferation and cell cycle gene overexpression in human visceral preadipocytes”