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AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. AGGRESSIVE GROWTH FUND
Supplemented dated October 1, 1999
to the Prospectus dated May 3, 1999
The fourth paragraph under the "INVESTMENT OBJECTIVE AND STRATEGIES" section on
page 1 of the prospectus is deleted and replaced with the following:
"In anticipation of or in response to adverse market
conditions, for cash management purposes, or for defensive purposes,
the fund may temporarily hold all or a portion of its assets in cash,
money market instruments, shares of affiliated money market funds,
bonds or other debt securities. As a result, the fund may not achieve
its investment objective."
The following paragraph is inserted after the fourth paragraph under the
"PRINCIPAL RISKS OF INVESTING IN THE FUND" section on page 1 of the prospectus:
"The fund may participate in the initial public offering
(IPO) market. Because of the fund's small asset base, any investment
the fund may make in IPOs may significantly increase the fund's total
returns. As the fund's assets grow, the impact of IPO investments will
decline, which may reduce the fund's total returns."
The following paragraph is inserted after the fourth paragraph under the
"FINANCIAL HIGHLIGHTS" section on page 4 of the prospectus:
"Total return information in this table may be affected by
special market factors, including the fund's investments in IPOs,
which may have a magnified impact on the fund due to its small asset
base. There is no guarantee that, as the fund's assets grow, it will
continue to experience substantially similar performance."
