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AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. GROWTH & INCOME FUND
Supplement dated March 17, 1999
to the Prospectus dated May 1, 1998,
as supplemented July 1, 1998 and October 2, 1998
The following replaces the second, third and fourth sentences under the heading
"INVESTMENT OBJECTIVE AND PROGRAM - INVESTMENT OBJECTIVE" on page 3 of the
Prospectus:
"The Fund seeks to meet these objectives by investing at least 65% of
its net assets in income-producing securities, including
dividend-paying common stocks and convertible securities. The Fund's
portfolio managers purchase securities of established companies that
have long-term above-average growth in earnings and dividends, and
growth companies that they believe have the potential for
above-average growth in earnings and dividends. The Fund's portfolio
managers consider whether to sell a particular security when they
believe the security no longer has that potential or the capacity to
generate income."
