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AIM VARIABLE INSURANCE FUNDS
AIM V.I. TELECOMMUNICATIONS AND TECHNOLOGY FUND
Supplement dated December 15, 2000
to the Prospectus dated May 1, 2000
as supplemented June 21, 2000
On December 13, 2000, the Board of Trustees (the board) of AIM Variable
Insurance Funds approved changing the name of the AIM V.I. Telecommunications
and Technology Fund (the fund) to "AIM V.I. New Technology Fund." Consistent
with the fund's name change, the board approved changing the fund's
non-fundamental investment policies to eliminate the fund's emphasis on the
telecommunications sector. The board also approved changes that will enable the
fund to invest a significant portion of its assets in small- and medium-sized
companies, and that will reduce the fund's ability to invest in foreign
securities (from 75% of its assets to 25% of its total assets) and in debt
securities (from up to 35% of its assets to temporary or emergency purposes
only). The foregoing changes will take effect on May 1, 2001.
Investments in small- and medium-sized companies involve additional risks. The
price of the equity securities issued by such companies may go up and down more
than the prices of equity securities of larger, more established companies. In
addition, since equity securities of small- and medium-sized companies may not
be traded as often as equity securities of larger, more established companies,
it may be difficult or impossible for the fund to sell securities at a desired
price.
