AIM VARIABLE INSURANCE FUNDS INC
497, 1995-12-28
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                       AIM VARIABLE INSURANCE FUNDS, INC.

                       AIM V.I. CAPITAL APPRECIATION FUND
                        AIM V.I. DIVERSIFIED INCOME FUND
                         AIM V.I. GLOBAL UTILITIES FUND
                       AIM V.I. GOVERNMENT SECURITIES FUND
                              AIM V.I. GROWTH FUND
                         AIM V.I. GROWTH AND INCOME FUND
                       AIM V.I. INTERNATIONAL EQUITY FUND
                           AIM V.I. MONEY MARKET FUND
                               AIM V.I. VALUE FUND

                      Supplement dated December 28, 1995
         to the Statement of Additional Information dated May 1, 1995,
                         as supplemented August 28, 1995



Effective January 2, 1996, the net asset value per share (or share price) of
each Fund will be determined as of the close of regular trading of the New York
Stock Exchange (generally 4:00 p.m. Eastern Time) on each business day of the
Fund. For purposes of determining net asset value per share, futures and options
contracts generally will be valued 15 minutes after the close of trading of the
New York Stock Exchange.


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