INVESCO VARIABLE INVESTMENT FUNDS INC
497, 1997-04-11
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                   INVESCO VARIABLE INVESTMENT FUNDS, INC.
                   INVESCO VIF-Industrial Income Portfolio
                         INVESCO VIF-Utilities Portfolio

               Supplement to Prospectus dated December 9, 1996
                        as Supplemented March 1, 1997

The Section of the INVESCO Variable  Investment Funds, Inc.  Prospectus entitled
"Management" is amended to (1) delete the second  paragraph,  and (2) substitute
the following paragraph in its place:

            INVESCO is an  indirect  wholly  owned  subsidiary  of AMVESCO  PLC.
      AMVESCO  PLC  is a  publicly-traded  holding  company  that,  through  its
      subsidiaries,  engages in the  business  of  investment  management  on an
      international  basis. INVESCO PLC changed its name to AMVESCO PLC on March
      3, 1997,  as part of a merger  between a direct  subsidiary of INVESCO PLC
      and A I M  Management  Group  Inc.,  thus  creating  one  of  the  largest
      independent  investment  management  businesses  in the world.  Subject to
      obtaining  shareholder approval at its regular Annual Shareholder Meeting,
      the board of directors  of AMVESCO PLC has  concluded  that the  corporate
      name should be changed to AMVESCAP PLC effective May 8, 1997.  INVESCO and
      INVESCO Trust Company will continue to operate under their existing names.
      AMVESCO has approximately $165 billion in assets under management. INVESCO
      was  established  in 1932 and,  as of August 31,  1996,  managed 14 mutual
      funds,  consisting  of 39 separate  portfolios,  with  combined  assets of
      approximately $12.8 billion on behalf of over 827,000 shareholders.

The date of this Supplement is March 31, 1997.








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