Hi Dave,
That's a good question! I've done a lot of research on this, and while I don't know for sure if VC contains the actual
fungus per se, but as I understand, it does contain Mycorrhizal fungi
spores.
From what I've read, Mycorrhizals live around plant roots, where they form a relationship with the plants, and act as an extension of the roots themselves. Perhaps a worm bin environment would not be as suitable for the fungus to thrive as say, in a garden? So I would assume, that if you were to use VC on your garden plants however, you would be thereby innoculating the plants with the fungal spores.
This is the reference I had bookmarked:
(maybe you've already read it?)
http://www.revitalfertilisers.co.nz/index.asp?PageID=2145820807
Miss D