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AIM VARIABLE INSURANCE FUNDS, INC.
AIM V.I. AGGRESSIVE GROWTH FUND
AIM V.I. BALANCED FUND
AIM V.I. BLUE CHIP FUND
AIM V.I. CAPITAL APPRECIATION FUND
AIM V.I. CAPITAL DEVELOPMENT FUND
AIM V.I. DENT DEMOGRAPHIC TRENDS FUND
AIM V.I. DIVERSIFIED INCOME FUND
AIM V.I. GLOBAL GROWTH AND 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. TELECOMMUNICATIONS FUND
AIM V.I. VALUE FUND
Supplement dated March 17, 2000
to the Prospectus dated February 16, 2000
as supplemented February 25, 2000
and March 13, 2000
The following supplement supercedes and replaces in its entirety the supplement
dated March 13, 2000.
The following replaces in its entirety the section entitled "FUND MANAGEMENT -
THE ADVISOR" on page 22 of the Prospectus:
"THE ADVISORS
A I M Advisors, Inc. (the advisor) serves as each fund's investment
advisor. The advisor is located at 11 Greenway Plaza, Suite 100,
Houston, Texas 77046-1173. The advisor supervises all aspects of each
fund's operations and provides investment advisory services to the
funds, including obtaining and evaluating economic, statistical and
financial information to formulate and implement investment programs for
the funds. H.S. Dent Advisors, Inc. (Dent Advisors) serves as the
subadvisor for AIM V.I. Dent Demographic Trends Fund, and is located at
6515 Gwin Road, Oakland, California 94611. Dent Advisors is responsible
for providing the advisor with macroeconomic, thematic, demographic,
lifestyle trends and sector research, custom reports and investment and
market capitalization recommendations with respect to the fund. INVESCO
Asset Management Limited (INVESCO) serves as the subadvisor for AIM V.I.
Global Growth and Income Fund, and is located at 11 Devonshire Square,
London, England EC2M4YR. INVESCO is responsible for providing the
advisor with economic and market research, securities analysis and
investment recommendations with respect to the fund. The advisor and
INVESCO are affiliated.
At a meeting held on March 7, 2000, the Board of Directors,
including a majority of the independent directors, approved the
termination of the subadvisory agreement between the Advisor and
INVESCO, effective March 20, 2000. In approving such termination, the
Board considered the nature and quality of services rendered and to be
rendered by the Advisor and the Advisor's qualifications regarding its
provision of the services previously provided by INVESCO.
The advisor has acted as an investment advisor since its
organization in 1976. Today, the advisor, together with its
subsidiaries, advises or manages over 120 investment portfolios,
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including the funds, encompassing a broad range of investment
objectives."
Effective March 20, 2000, the following replaces in its entirety the table under
the section "FUND MANAGEMENT: PORTFOLIO MANAGERS - AIM V.I. GLOBAL GROWTH AND
INCOME FUND" on page 23 of the Prospectus:
o "Robert G. Alley, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated with
the advisor and/or its affiliates since 1992.
o Monika H. Degan, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated with
the advisor and/or its affiliates since 1995. From 1991 to 1995,
Ms. Degan was a Senior Financial Analyst for Shell Oil Co. Pension
Trust.
o Jan H. Friedli, Portfolio Manager, who has been responsible for
the fund since 2000 and has been associated with the advisor
and/or its affiliates since 1999. From 1997 to 1999, he 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 A. Dale Griffin, III, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated with
the advisor and/or its affiliates since 1989.
o Benjamin A. Hock, Jr., Portfolio Manager, who has been responsible
for the fund since 2000 and has been associated with the advisor
and/or its affiliates since 1999. From 1994 to 1999, he was, among
other offices, head of equity research at John Hancock Advisers,
Inc.
o Jason T. Holzer, Portfolio Manager, who has been responsible for
the fund since 2000 and has been associated with the advisor
and/or its affiliates since 1996. From 1994 to 1996, he was an
associate with JMB Realty.
o Clas G. Olsson, Senior 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 Jonathan C. Schoolar, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated with
the advisor and/or its affiliates since 1986.
o Barrett K. Sides, Portfolio Manager, who has been responsible for
the fund since 2000 and has been associated with the advisor
and/or its affiliates since 1990."
