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AIM VARIABLE INSURANCE FUNDS
AIM V.I. CAPITAL APPRECIATION FUND
Supplement dated December 29, 2000
to the Prospectus dated May 1, 2000
as supplemented June 21, 2000
The following replaces in its entirety the information appearing under the first
paragraph located under the "FUND MANAGEMENT - PORTFOLIO MANAGERS" section on
page 3 of the Prospectus:
o "David P. Barnard, Senior Portfolio Manager, who has been responsible
for the fund since 1993 and has been associated with the advisor and/or
its affiliates since 1982.
o Ryan E. Crane, Portfolio Manager, who has been responsible for the fund
since 2000 and has been associated with the advisor and/or its
affiliates since 1994.
o Robert M. Kippes, Senior Portfolio Manager, who has been responsible
for the fund since 1993 and has been associated with the advisor and/or
its affiliates since 1989.
o Jay K. Rushin, Portfolio Manager, who has been responsible for the fund
since 2000 and has been associated with the advisor and/or its
affiliates since 1998. From 1996 to 1998, he was an associate equity
analyst with Prudential Securities.
o Kenneth A. Zschappel, Senior Portfolio Manager, who has been
responsible for the fund since 1999 and has been associated with the
advisor and/or its affiliates since 1990."
