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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 AND 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 October 21, 1999
to the Prospectus dated May 3, 1999
as supplemented July 1, 1999 and October 1, 1999
The second paragraph under the "INVESTMENT OBJECTIVES AND STRATEGIES: AIM V.I.
HIGH YIELD FUND" section on page 2 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."
The following paragraph is added after the fourth paragraph under the
"INVESTMENT OBJECTIVES AND STRATEGIES: AIM V.I. MONEY MARKET FUND" section on
page 3 of the prospectus:
"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
or shares of affiliated money market funds. As a result, the fund
may not achieve its investment objective."
