<PAGE>   1
                       AIM VARIABLE INSURANCE FUNDS, INC.

                              AIM V.I. GROWTH FUND

                        Supplement dated February 3, 1998
                       to the Prospectus dated May 1, 1997


         Monika H. Degan has been added as a portfolio manager responsible for 
the day-to-day management of the AIM V.I. Growth Fund (the "Fund"). Ms. Degan
has been responsible for the Fund since January 1998. Ms. Degan has been
associated with AIM and/or its subsidiaries since 1995 and has been an
investment professional since 1990.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission