<PAGE> 1
AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. AGGRESSIVE GROWTH FUND
AIM V.I. BALANCED FUND
AIM V.I. CAPITAL APPRECIATION FUND
AIM V.I. CAPITAL DEVELOPMENT FUND
AIM V.I. DIVERSIFIED INCOME FUND
AIM V.I. GLOBAL UTILITIES FUND
AIM V.I. GOVERNMENT SECURITIES FUND
AIM V.I. GROWTH FUND
AIM V.I. GROWTH & INCOME FUND
AIM V.I. HIGH YIELD FUND
AIM V.I. INTERNATIONAL EQUITY FUND
AIM V.I. MONEY MARKET FUND
AIM V.I. VALUE FUND
Supplement dated January 4, 1999
to the Prospectus dated May 1, 1998,
as supplemented July 1, 1998, October 2, 1998 and October 5, 1998
The following paragraph replaces in its entirety the third full paragraph after
the "MANAGEMENT-PORTFOLIO MANAGEMENT" section on page 20 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 Capital
Appreciation Fund's portfolio securities. Mr. Kippes is Vice President
of AIM Capital 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.
