AIM VARIABLE INSURANCE FUNDS INC
497, 2000-06-21
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                          AIM VARIABLE INSURANCE FUNDS

                             AIM V.I. BALANCED FUND

                         Supplement dated June 21, 2000
                       to the Prospectus dated May 1, 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    "Robert G. Alley, Senior Portfolio Manager, who has been responsible
          for the fund since 1998 and has been associated with the advisor
          and/or its affiliates since 1992.

     o    Claude C. Cody, IV, Senior Portfolio Manager, who has been responsible
          for the fund since 1998 and has been associated with the advisor
          and/or its affiliates since 1992.

     o    Jan H. Friedli, Portfolio Manager, who has been responsible for the
          fund since 1999 and has been associated with the advisor and/or its
          affiliates since 1999. From 1997 to 1999, Mr. Friedli was global
          fixed-income portfolio manager for Nicholas-Applegate Capital
          Management. From 1994 to 1997, he was international fixed-income
          trader and analyst for Strong Capital Management.

     o    Craig A. Smith, Senior Portfolio Manager, who has been responsible for
          the fund since 1998 and has been associated with the advisor and/or
          its affiliates since 1989.

     o    Meggan M. Walsh, Portfolio Manager, who has been responsible for the
          fund since 1998 and has been associated with the advisor and/or its
          affiliates since 1991."






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