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AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. CAPITAL APPRECIATION FUND
Supplement dated February 3, 1998
to the Prospectus dated May 1, 1997
Charles D. Scavone has been added as a portfolio manager responsible
for the day-to-day management of the AIM V.I. Capital Appreciation Fund (the
"Fund"). Mr. Scavone is Vice President of A I M Capital Management, Inc. and has
been responsible for the Fund since January 1998. Mr. Scavone has been
associated with AIM and/or its subsidiaries since 1996 and has been an
investment professional since 1991. Prior to joining AIM, Mr. Scavone was
Associate Portfolio Manager for Van Kampen American Capital Asset Management,
Inc. from 1994 to 1996. From 1991 to 1994, he worked in the investments
department at Texas Commerce Investment Management Company, with his last
position being Equity Research Analyst/Assistant Portfolio Manager.
