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                      AIM VARIABLE INSURANCE FUNDS, INC.

                        AIM V.I. GROWTH AND INCOME FUND

                        Supplement dated April 1, 1996
                     to the Prospectus dated May 1, 1995,
                          as reprinted March 1, 1996

    The last two sentences in the paragraph under the caption "INVESTMENT 
OBJECTIVE" on page 5 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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