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AIM VARIABLE INSURANCE FUNDS
AIM V.I. GLOBAL GROWTH AND INCOME FUND
Supplement dated June 29, 2000
to the Prospectus dated May 1, 2000
The Board of Trustees of AIM Variable Insurance Funds (the trust), on behalf of
the AIM V.I. Global Growth and Income Fund (the fund), voted to request
shareholders to approve the following items that will affect the fund:
--- To approve an Agreement and Plan of Reorganization (the
"Agreement") by and among AIM Variable Insurance Funds
("AVIF"), on behalf of its AIM V.I. Global Growth and Income
Fund ("Acquired Fund") and its AIM V.I. Growth and Income Fund
("Acquiring Fund"), and A I M Advisors, Inc., and the
consummation of the transaction that the Agreement
contemplates. The Agreement contemplates the acquisition of all
of the assets and the assumption of all of the liabilities of
the Acquired Fund by the Acquiring Fund in exchange for shares
of the Acquiring Fund, which shares the Acquiring Fund will
directly issue to the shareholders of the Acquired Fund. Each
shareholder of the Acquired Fund will receive that number of
the Acquiring Fund's shares representing interests with an
aggregate net asset value equal to the aggregate net asset
value of his or her shares of the Acquired Fund.
--- To transact such other business as may properly come before
the Special Meeting or any adjournment thereof.
The Board of Trustees of the trust has called a meeting of the fund's
shareholders to be held on or about September 1, 2000 to vote on these and
other proposals. Only shareholders of record as of June 23, 2000 are entitled
to vote at the meeting. Proposals that are approved are expected to become
effective on or about September 18, 2000.
