AIM VARIABLE INSURANCE FUNDS INC
NSAR-A, 1997-08-29
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<PAGE>      PAGE  1
000 A000000 06/30/97
000 C000000 896435
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 AIM VARIABLE INSURANCE FUNDS, INC.
001 B000000 811-7452
001 C000000 7136261919
002 A000000 ELEVEN GREENWAY PLAZA, SUITE 100
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77046
002 D020000 1173
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  9
007 C010100  1
007 C020100 AIM V.I. CAPITAL APPRECIATION FUND
007 C030100 N
007 C010200  2
007 C020200 AIM V.I. DIVERSIFIED INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 AIM V.I. GOVERNMENT SECURITIES FUND
007 C030300 N
007 C010400  4
007 C020400 AIM V.I. GROWTH FUND
007 C030400 N
007 C010500  5
007 C020500 AIM V.I. INTERNATIONAL EQUITY FUND
007 C030500 N
007 C010600  6
007 C020600 AIM V.I. MONEY MARKET FUND
007 C030600 N
007 C010700  7
007 C020700 AIM V.I. VALUE FUND
007 C030700 N
007 C010800  8
007 C020800 AIM V.I. GROWTH & INCOME FUND
007 C030800 N
007 C010900  9
007 C020900 AIM V.I. GLOBAL UTILITIES FUND
007 C030900 N
007 C011000 10
<PAGE>      PAGE  2
008 A00AA01 AIM ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-12313
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77046
008 D04AA01 1173
011 A00AA01 AIM DISTRIBUTOR'S, INC
011 B00AA01 8-21323
011 C01AA01 HOUSTON
011 C02AA01 TX
011 C03AA01 77046
011 C04AA01 1173
012 A00AA01 STATE STREET BANK & TRUST
012 B00AA01 85-5003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02110
013 A00AA01 TAIT, WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19102
013 B04AA01 1707
015 A00AA01 STATE STREET BANK & TRUST
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   39
019 C00AA00 AIMFUNDSAA
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000001 13-5674085
020 C000001    173
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002    148
020 A000003 INSTINET CORPORATION
020 B000003 13-3443395
020 C000003     92
020 A000004 MORGAN STANLEY & CO. INC.
020 B000004 13-2655998
020 C000004     91
020 A000005 PAINEWEBBER INCORPORATED
020 B000005 13-2638166
020 C000005     89
020 A000006 UBS SECURITIES INC.
020 B000006 13-2932996
020 C000006     82
<PAGE>      PAGE  3
020 A000007 SMITH BARNEY INC.
020 B000007 13-1912900
020 C000007     74
020 A000008 SALOMON BROTHERS INC.
020 B000008 13-3082694
020 C000008     70
020 A000009 POSIT SECURITIES
020 B000009 95-4339369
020 C000009     66
020 A000010 MONTGOMERY SECURITIES
020 B000010 94-1701676
020 C000010     65
021  000000     2151
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001   2356047
022 D000001     67145
022 A000002 DRESDNER SECURITIES (USA) INC.
022 B000002 04-2442748
022 C000002   1672019
022 D000002     23694
022 A000003 HSBC SECURITIES INC.
022 B000003 13-2650272
022 C000003   1635581
022 D000003      3000
022 A000004 SWISS BANK CORPORATION INVESTMENT BANKING INC
022 B000004 13-2639550
022 C000004   1620385
022 D000004         0
022 A000005 UBS SECURITIES INC.
022 B000005 13-2932996
022 C000005   1132325
022 D000005     11781
022 A000006 DEUTSCHE BANK CAPITAL CORPORATION
022 B000006 13-6124068
022 C000006    476494
022 D000006      2638
022 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000007 13-5674085
022 C000007    314539
022 D000007     46576
022 A000008 SANWA SECURITIES (USA) CO., L.P.
022 B000008 13-3046258
022 C000008    270467
022 D000008         0
022 A000009 BARCLAYS DE ZOETE WEDD INC.
022 B000009 13-3551367
022 C000009    257610
022 D000009     32165
022 A000010 SMITH BARNEY INC.
022 B000010 13-1912900
<PAGE>      PAGE  4
022 C000010    226299
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023 C000000   10824472
023 D000000     341475
026 A000000 Y
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039  00AA00 N
040  00AA00 N
041  00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
050  000100 N
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066 A000100 Y
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067  000100 N
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069  000100 N
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<PAGE>      PAGE  7
070 E020100 N
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070 F020100 Y
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070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
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<PAGE>      PAGE  8
072 U000100        1
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024  000200 N
<PAGE>      PAGE  9
028 A010200      2361
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028 A040200       472
028 B010200      2766
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028 B030200         0
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028 D020200         0
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028 D040200       916
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045  000200 Y
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<PAGE>      PAGE  10
048 J010200        0
048 J020200 0.000
048 K010200   250000
048 K020200 0.550
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056  000200 N
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
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062 E000200   0.0
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062 P000200  93.9
062 Q000200   1.7
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063 A000200   0
063 B000200 11.0
064 A000200 N
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
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070 C010200 Y
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070 D010200 Y
<PAGE>      PAGE  11
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
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070 H010200 Y
070 H020200 N
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070 I020200 N
070 J010200 Y
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
076  000200     0.00
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<PAGE>      PAGE  14
048 I010300        0
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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<PAGE>      PAGE  19
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074 R040800       54
074 S000800        0
074 T000800   407675
074 U010800    23246
074 U020800        0
074 V010800    17.54
074 V020800     0.00
074 W000800   0.0000
074 X000800       12
074 Y000800     3576
075 A000800        0
075 B000800   297854
076  000800     0.00
024  000900 N
028 A010900       306
028 A020900         0
028 A030900         0
028 A040900       244
028 B010900       583
028 B020900         0
028 B030900         0
028 B040900       102
028 C010900       493
028 C020900         0
028 C030900         0
028 C040900       132
028 D010900       448
<PAGE>      PAGE  38
028 D020900         0
028 D030900         0
028 D040900        44
028 E010900       507
028 E020900         0
028 E030900         0
028 E040900       420
028 F010900       206
028 F020900         0
028 F030900         0
028 F040900       129
028 G010900      2543
028 G020900         0
028 G030900         0
028 G040900      1071
028 H000900         0
045  000900 Y
046  000900 N
047  000900 Y
048  000900  0.000
048 A010900   250000
048 A020900 0.650
048 B010900        0
048 B020900 0.000
048 C010900        0
048 C020900 0.000
048 D010900        0
048 D020900 0.000
048 E010900        0
048 E020900 0.000
048 F010900        0
048 F020900 0.000
048 G010900        0
048 G020900 0.000
048 H010900        0
048 H020900 0.000
048 I010900        0
048 I020900 0.000
048 J010900        0
048 J020900 0.000
048 K010900   250000
048 K020900 0.600
049  000900 N
050  000900 N
051  000900 N
052  000900 N
053 A000900 N
055 A000900 N
055 B000900 N
056  000900 N
057  000900 N
<PAGE>      PAGE  39
058 A000900 N
059  000900 Y
060 A000900 N
060 B000900 N
061  000900        0
062 A000900 N
062 B000900   0.0
062 C000900   0.0
062 D000900   0.0
062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900   0.0
062 J000900   0.0
062 K000900   0.0
062 L000900   0.0
062 M000900   0.0
062 N000900   0.0
062 O000900   0.0
062 P000900   0.0
062 Q000900   0.0
062 R000900   0.0
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 Y
066 F000900 N
066 G000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
<PAGE>      PAGE  40
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900      2620
071 B000900      1981
071 C000900     12892
071 D000900   15
072 A000900  6
072 B000900      132
072 C000900      189
072 D000900        0
072 E000900        0
072 F000900       47
072 G000900        0
072 H000900        0
072 I000900        1
072 J000900       10
072 K000900        0
072 L000900        6
072 M000900        4
072 N000900        0
072 O000900        0
072 P000900        0
072 Q000900       25
072 R000900        4
072 S000900        8
072 T000900        0
072 U000900        0
072 V000900        0
072 W000900        1
072 X000900      106
072 Y000900        0
072 Z000900      215
072AA000900      136
072BB000900       80
<PAGE>      PAGE  41
072CC010900      924
072CC020900        0
072DD010900        0
072DD020900        0
072EE000900        0
073 A010900   0.0000
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900        9
074 B000900     2253
074 C000900        0
074 D000900     2225
074 E000900      610
074 F000900    11074
074 G000900        0
074 H000900        0
074 I000900        0
074 J000900       16
074 K000900        0
074 L000900       93
074 M000900       10
074 N000900    16290
074 O000900        0
074 P000900       13
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900       34
074 S000900        0
074 T000900    16243
074 U010900     1197
074 U020900        0
074 V010900    13.57
074 V020900     0.00
074 W000900   0.0000
074 X000900        4
074 Y000900        0
075 A000900        0
075 B000900    14704
076  000900     0.00
SIGNATURE   JOHN J. ARTHUR                               
TITLE       SR V.P & TREASURER  
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
Capital Appreciation Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 001
   <NAME> AIM V.I. CAPITAL APPRECIATION FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        379243586
<INVESTMENTS-AT-VALUE>                       488734236
<RECEIVABLES>                                  1884904
<ASSETS-OTHER>                                   18180
<OTHER-ITEMS-ASSETS>                              2463
<TOTAL-ASSETS>                               490639783
<PAYABLE-FOR-SECURITIES>                       2326270
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       540210
<TOTAL-LIABILITIES>                            2866480
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     369995486
<SHARES-COMMON-STOCK>                         23173752
<SHARES-COMMON-PRIOR>                         19043829
<ACCUMULATED-NII-CURRENT>                      1177731
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        7418193
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     109181893
<NET-ASSETS>                                 487773303
<DIVIDEND-INCOME>                               532449
<INTEREST-INCOME>                              1611188
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1457313)
<NET-INVESTMENT-INCOME>                         686324
<REALIZED-GAINS-CURRENT>                        950745
<APPREC-INCREASE-CURRENT>                     33353506
<NET-CHANGE-FROM-OPS>                         34990575
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5920101
<NUMBER-OF-SHARES-REDEEMED>                  (1790178)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       117710138
<ACCUMULATED-NII-PRIOR>                         491407
<ACCUMULATED-GAINS-PRIOR>                      6467448
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1326507
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1459197
<AVERAGE-NET-ASSETS>                         425000147
<PER-SHARE-NAV-BEGIN>                            19.43
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           1.59
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.05
<EXPENSE-RATIO>                                   0.69
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
Diversified Income Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 002
   <NAME> AIM V.I. DIVERSIFIED INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                         72030680
<INVESTMENTS-AT-VALUE>                        73541634
<RECEIVABLES>                                  1437096
<ASSETS-OTHER>                                   38048
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                75016778
<PAYABLE-FOR-SECURITIES>                       1188233
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       194412
<TOTAL-LIABILITIES>                            1382645
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      67375011
<SHARES-COMMON-STOCK>                          6933182
<SHARES-COMMON-PRIOR>                          6161471
<ACCUMULATED-NII-CURRENT>                      4397954
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         301764
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1559404
<NET-ASSETS>                                  73634133
<DIVIDEND-INCOME>                                26304
<INTEREST-INCOME>                              2609584
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (272312)
<NET-INVESTMENT-INCOME>                        2363576
<REALIZED-GAINS-CURRENT>                        205955
<APPREC-INCREASE-CURRENT>                     (559418)
<NET-CHANGE-FROM-OPS>                          2010113
<EQUALIZATION>                                  378483
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1513779
<NUMBER-OF-SHARES-REDEEMED>                   (742068)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        10010362
<ACCUMULATED-NII-PRIOR>                        1655895
<ACCUMULATED-GAINS-PRIOR>                        95809
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           202222
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 273320
<AVERAGE-NET-ASSETS>                          67995310
<PER-SHARE-NAV-BEGIN>                            10.33
<PER-SHARE-NII>                                   0.37
<PER-SHARE-GAIN-APPREC>                         (0.08)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.62
<EXPENSE-RATIO>                                   0.81
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM
V.I. Government Securities Fund for the June 30, 1997 semi-annual
report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 003
   <NAME> AIM V.I. GOVERNMENT SECURITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                         27488713
<INVESTMENTS-AT-VALUE>                        27529878
<RECEIVABLES>                                   249969
<ASSETS-OTHER>                                   20649
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                27800496
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        51861
<TOTAL-LIABILITIES>                              51861
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      26748288
<SHARES-COMMON-STOCK>                          2738028
<SHARES-COMMON-PRIOR>                          2485318
<ACCUMULATED-NII-CURRENT>                      1521193
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (562011)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         41165
<NET-ASSETS>                                  27748635
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               856813
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (111420)
<NET-INVESTMENT-INCOME>                         745393
<REALIZED-GAINS-CURRENT>                       (78115)
<APPREC-INCREASE-CURRENT>                        32535
<NET-CHANGE-FROM-OPS>                           699813
<EQUALIZATION>                                  122679
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         558343
<NUMBER-OF-SHARES-REDEEMED>                   (305633)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         3222119
<ACCUMULATED-NII-PRIOR>                         653121
<ACCUMULATED-GAINS-PRIOR>                       483896
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            62671
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 111437
<AVERAGE-NET-ASSETS>                          25276323
<PER-SHARE-NAV-BEGIN>                             9.87
<PER-SHARE-NII>                                   0.29
<PER-SHARE-GAIN-APPREC>                         (0.03)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.13
<EXPENSE-RATIO>                                   0.89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
Growth Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 004
   <NAME> AIM V.I. GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        182918811
<INVESTMENTS-AT-VALUE>                       225925147
<RECEIVABLES>                                  4831952
<ASSETS-OTHER>                                   17864
<OTHER-ITEMS-ASSETS>                             22275
<TOTAL-ASSETS>                               230797238
<PAYABLE-FOR-SECURITIES>                       5714593
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       262477
<TOTAL-LIABILITIES>                            5977070
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     162601491
<SHARES-COMMON-STOCK>                         11978649
<SHARES-COMMON-PRIOR>                         10990000
<ACCUMULATED-NII-CURRENT>                      1689673
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       17410259
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      43118745
<NET-ASSETS>                                 224820168
<DIVIDEND-INCOME>                               890006
<INTEREST-INCOME>                               443705
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (734211)
<NET-INVESTMENT-INCOME>                         599500
<REALIZED-GAINS-CURRENT>                       9433568
<APPREC-INCREASE-CURRENT>                     19138832
<NET-CHANGE-FROM-OPS>                         29171900
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1373433
<NUMBER-OF-SHARES-REDEEMED>                   (384784)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        46182276
<ACCUMULATED-NII-PRIOR>                        1090173
<ACCUMULATED-GAINS-PRIOR>                      7976691
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           641024
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 734764
<AVERAGE-NET-ASSETS>                         199021283
<PER-SHARE-NAV-BEGIN>                            16.25
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           2.48
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.77
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
International Equity Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 005
   <NAME> AIM V.I. INTERNATIONAL EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        169072514
<INVESTMENTS-AT-VALUE>                       218721884
<RECEIVABLES>                                  1301722
<ASSETS-OTHER>                                   22514
<OTHER-ITEMS-ASSETS>                            485515
<TOTAL-ASSETS>                               220531635
<PAYABLE-FOR-SECURITIES>                       2114231
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       444596
<TOTAL-LIABILITIES>                            2558827
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     163207509
<SHARES-COMMON-STOCK>                         11929926
<SHARES-COMMON-PRIOR>                         10129698
<ACCUMULATED-NII-CURRENT>                      2091551
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        3029124
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      49644624
<NET-ASSETS>                                 217972808
<DIVIDEND-INCOME>                              1851367
<INTEREST-INCOME>                               162906
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (859850)
<NET-INVESTMENT-INCOME>                        1154423
<REALIZED-GAINS-CURRENT>                      (275914)
<APPREC-INCREASE-CURRENT>                     21337523
<NET-CHANGE-FROM-OPS>                         22216032
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1999983
<NUMBER-OF-SHARES-REDEEMED>                   (199755)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        52234730
<ACCUMULATED-NII-PRIOR>                         937128
<ACCUMULATED-GAINS-PRIOR>                      3305038
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           689062
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 860209
<AVERAGE-NET-ASSETS>                         185272636
<PER-SHARE-NAV-BEGIN>                            16.36
<PER-SHARE-NII>                                   0.08
<PER-SHARE-GAIN-APPREC>                           1.83
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.27
<EXPENSE-RATIO>                                   0.94
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
Money Market Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 006
   <NAME> AIM V.I. MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                         62678217
<INVESTMENTS-AT-VALUE>                        62678217
<RECEIVABLES>                                    79924
<ASSETS-OTHER>                                   15580
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                62773721
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       264317
<TOTAL-LIABILITIES>                             264317
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      62509347
<SHARES-COMMON-STOCK>                         62509347
<SHARES-COMMON-PRIOR>                         63529436
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             57
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  62509404
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1778818
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (186162)
<NET-INVESTMENT-INCOME>                        1592656
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          1592656
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1592656)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       41956384
<NUMBER-OF-SHARES-REDEEMED>                 (44569129)
<SHARES-REINVESTED>                            1592656
<NET-CHANGE-IN-ASSETS>                       (1020089)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                           57
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           128825
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 186162
<AVERAGE-NET-ASSETS>                          64946153
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.02)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.58
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
Value Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 007
   <NAME> AIM V.I. VALUE FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        441439458
<INVESTMENTS-AT-VALUE>                       535615425
<RECEIVABLES>                                  6898583
<ASSETS-OTHER>                                   53896
<OTHER-ITEMS-ASSETS>                           2212318
<TOTAL-ASSETS>                               544780222
<PAYABLE-FOR-SECURITIES>                       6946695
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       517415
<TOTAL-LIABILITIES>                            7464110
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     394665853
<SHARES-COMMON-STOCK>                         26505762
<SHARES-COMMON-PRIOR>                         21152339
<ACCUMULATED-NII-CURRENT>                      8689303
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       39704466
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      94256490
<NET-ASSETS>                                 537316112
<DIVIDEND-INCOME>                              3309571
<INTEREST-INCOME>                               873665
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1510174)
<NET-INVESTMENT-INCOME>                        2673062
<REALIZED-GAINS-CURRENT>                      21488710
<APPREC-INCREASE-CURRENT>                     44440203
<NET-CHANGE-FROM-OPS>                         68601975
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        5897024
<NUMBER-OF-SHARES-REDEEMED>                   (543601)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       167580966
<ACCUMULATED-NII-PRIOR>                        6016241
<ACCUMULATED-GAINS-PRIOR>                     18215756
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          1354190
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1511489
<AVERAGE-NET-ASSETS>                         434454915
<PER-SHARE-NAV-BEGIN>                            17.48
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           2.75
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.27
<EXPENSE-RATIO>                                   0.70
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
Growth and Income Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 008
   <NAME> AIM V.I. GROWTH AND INCOME FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                        341302162
<INVESTMENTS-AT-VALUE>                       407147831
<RECEIVABLES>                                 10828088
<ASSETS-OTHER>                                 1645987
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               419621906
<PAYABLE-FOR-SECURITIES>                      11171761
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       775154
<TOTAL-LIABILITIES>                           11946915
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     337842915
<SHARES-COMMON-STOCK>                         23245501
<SHARES-COMMON-PRIOR>                         13923332
<ACCUMULATED-NII-CURRENT>                      2160357
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        2110042
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      65561677
<NET-ASSETS>                                 407674991
<DIVIDEND-INCOME>                              2098024
<INTEREST-INCOME>                               782084
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (1049479)
<NET-INVESTMENT-INCOME>                        1830629
<REALIZED-GAINS-CURRENT>                       1854040
<APPREC-INCREASE-CURRENT>                     45337454
<NET-CHANGE-FROM-OPS>                         49022123
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        9477991
<NUMBER-OF-SHARES-REDEEMED>                   (155822)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       198343360
<ACCUMULATED-NII-PRIOR>                         329728
<ACCUMULATED-GAINS-PRIOR>                       256002
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           951016
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                1050882
<AVERAGE-NET-ASSETS>                         298799140
<PER-SHARE-NAV-BEGIN>                            15.03
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           2.44
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.54
<EXPENSE-RATIO>                                   0.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM V.I.
Global Utilities Fund for the June 30, 1997 semi-annual report.
</LEGEND>
<CIK> 0000896435
<NAME> AIM VARIABLE INSURANCE FUNDS, INC.
<SERIES>
   <NUMBER> 009
   <NAME> AIM V.I. GLOBAL UTILITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<INVESTMENTS-AT-COST>                         13393834
<INVESTMENTS-AT-VALUE>                        16161844
<RECEIVABLES>                                   109167
<ASSETS-OTHER>                                    9689
<OTHER-ITEMS-ASSETS>                              9091
<TOTAL-ASSETS>                                16289791
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        46828
<TOTAL-LIABILITIES>                              46828
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      13212204
<SHARES-COMMON-STOCK>                          1197359
<SHARES-COMMON-PRIOR>                          1081455
<ACCUMULATED-NII-CURRENT>                       212125
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          50310
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       2768324
<NET-ASSETS>                                  16242963
<DIVIDEND-INCOME>                               188859
<INTEREST-INCOME>                               132051
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (105762)
<NET-INVESTMENT-INCOME>                         215148
<REALIZED-GAINS-CURRENT>                         56058
<APPREC-INCREASE-CURRENT>                       924437
<NET-CHANGE-FROM-OPS>                          1195643
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         199189
<NUMBER-OF-SHARES-REDEEMED>                    (83285)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         2667390
<ACCUMULATED-NII-PRIOR>                         (3023)
<ACCUMULATED-GAINS-PRIOR>                       (5748)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            47414
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 105830
<AVERAGE-NET-ASSETS>                          14714241
<PER-SHARE-NAV-BEGIN>                            12.55
<PER-SHARE-NII>                                   0.18
<PER-SHARE-GAIN-APPREC>                           0.84
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.57
<EXPENSE-RATIO>                                   1.45
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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