INVESCO VARIABLE INVESTMENT FUNDS INC
497, 1996-02-29
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                    INVESCO VARIABLE INVESTMENT FUNDS, INC.
                           Supplement to Prospectus
                               dated May 1, 1995


The section of the Fund's  Prospectus  entitled  "Management"  is amended to (1)
delete the eighth  paragraph and (2)  substitute  the following new paragraph in
its place:

      Utilities Fund

      Jeffrey G. Morris, portfolio manager of the INVESCO-VIF Utilities
      Portfolio since 1996; portfolio manager of the INVESCO Strategic
      Utilities Portfolio and Environmental Services Portfolio; portfolio
      manager of INVESCO Trust Company since 1995; joined INVESCO in 
      1991 and served as a research analyst from 1994 to 1995; formerly,
      loan processor for Norwest Mortgage (1991); B.S. Colorado State
      University. Chartered Financial Analyst.

The date of this Supplement is February 29, 1996.



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