The fast spectral variability of gamma-ray bursts (GRBs) with known redshifts is investigated using the Konus-Wind experiment data in time scale up to 2ms. Tracks of these GRBs in the luminosity-peak energy plane (Liso,EP ) in the rest-frame are obtained. The distribution of maximum values of an instantaneous luminosity in the GRB’s rest frame Liso is derived for such GRBs depending on the peak energy EP