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AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. HIGH YIELD FUND
Supplemented dated October 21, 1999
to the Prospectus dated May 3, 1999
as supplemented October 1, 1999
The second paragraph under the "INVESTMENT OBJECTIVE AND STRATEGIES" section on
page 1 of the prospectus is deleted and replaced with the following:
"The fund seeks to meet this objective by investing at
least 65% of the value of its assets in publicly traded,
lower-quality debt securities, i.e., "junk bonds." The fund will
principally invest in junk bonds rated B or above by Moody's
Investors Service, Inc. or Standard & Poor's Ratings Services or
deemed by the portfolio managers to be of comparable quality. The
fund will invest at least 80% of its total assets in debt
securities, including convertible debt securities and/or cash or
cash equivalents. The fund may also invest in preferred stock. The
fund may invest up to 25% of its total assets in foreign
securities."
