AIM VARIABLE INSURANCE FUNDS INC
497, 1996-04-01
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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 April 1, 1996
                      to the Prospectus dated May 1, 1995,
                       as reprinted December 4, 1995 and
                       as supplemented December 28, 1995

    Effective April 1, 1996, Craig A. Smith became an additional person who is 
primarily responsible for the day-to-day management of AIM V.I. Global Utilities
Fund. Mr. Smith is Vice President of A I M Capital Management, Inc., has been 
associated with AIM since 1989, and has 6 years of experience as an investment 
professional.

    The last two sentences in the paragraph under the caption "INVESTMENT 
OBJECTIVES AND PROGRAMS - AIM V.I. Growth and Income Fund," on page 7 are 
replaced in their entirety by the following:

    "The Fund seeks to achieve its objective by generally investing at least 65%
    of its net assets in stocks of companies believed by management to have the
    potential for above average growth in revenues and earnings. The Fund
    generally will also invest at least 80% of its net assets in securities
    which pay income to the Fund."


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