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AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. CAPITAL APPRECIATION FUND
Supplement dated January 4, 1999
to the Prospectus dated May 1, 1998
as supplemented July 1, 1998 and October 2, 1998
The following paragraph replaces in its entirety the second paragraph in the
"MANAGEMENT-PORTFOLIO MANAGEMENT" section on page 8 of the Prospectus:
Robert M. Kippes, Charles D. Scavone, David P. Barnard and Kenneth A.
Zschappel are responsible for the day-to-day management of the Fund's
portfolio securities. Mr. Kippes is Vice President of A I M Capital
Management, Inc. ("AIM Capital"), a wholly owned subsidiary of AIM,
and has been responsible for the Fund since its inception in 1993. He
has been associated with AIM and/or its subsidiaries since 1989 and
has been an investment professional since 1988. Mr. Scavone is Vice
President of AIM Capital and has been responsible for the Fund since
1998. He has been associated with AIM and/or its subsidiaries since
1996 and has been an investment professional since 1991. Prior to
1996, he 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. Mr. Barnard is Vice President of
AIM Capital and has been responsible for the Fund since 1993. He has
been associated with AIM and/or its subsidiaries since 1982 and has
been an investment professional since 1975. Mr. Zschappel is Assistant
Vice President of AIM Capital and has been responsible for the Fund
since 1995. He has been associated with AIM and/or its subsidiaries
since 1990 and has been an investment professional since 1991.
