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AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. CAPITAL APPRECIATION FUND
Supplement dated October 9, 1996
to the Prospectus dated May 1, 1996
The second sentence of the first paragraph under the caption "Certain
Investment Strategies and Techniques" on page 3 is revised to read in its
entirety as follows:
"The Fund may: (1) invest in money market obligations, foreign
securities (including ADRs and EDRs), repurchase agreements,
reverse repurchase agreements, taxable municipal securities,
illiquid securities and Rule 144A securities; (2) purchase or
sell securities on a delayed delivery or when-issued basis and
may borrow money; and (3) lend portfolio securities and make
short sales "against the box.""
