<PAGE> 1
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 9, 1997
to the Prospectus dated May 1, 1996 as reprinted October 9, 1996
and as supplemented November 5, 1996 and December 16, 1996
Clas G. Olsson has been added as Portfolio Manager for the International Fund.
Mr. Olsson has been responsible for the Fund since April 1, 1997. He has been
associated with AIM and/or its affiliates since 1994 and has three years of
experience as an investment professional. Prior to joining AIM, Mr. Olsson was
a broker assistant at Merrill Lynch.
Robert A. Shelton has replaced Claude C. Cody IV as Portfolio Manager for the
Value Fund. Mr. Shelton has been responsible for the Fund since April 1,
1997. He has been associated with AIM and/or its affiliates since 1995 and has
six years of experience as an investment professional. Prior to joining AIM,
Mr. Shelton was a financial analyst for CS First Boston.