INVESCO Variable Investment Funds, Inc.
INVESCO VIF-Dynamics Fund
INVESCO VIF-Growth Fund
Supplement to Prospectus dated May 1, 1997
A. The section of the Fund's prospectus entitled "Management-- Dynamics Fund"
is amended to (1) delete the section in its entirety, and (2) substitute
the following paragraphs in its place:
The Fund is managed by two members of the INVESCO Growth Team, which
is headed by Timothy J. Miller. The following individuals are
primarily responsible for the day-to-day management of the Fund's
portfolio holdings:
Timothy J. Miller, a Chartered Financial Analyst, has been the lead
portfolio manager of the Fund since October 1997 and portfolio
manager of the Fund since 1993. Mr. Miller also manages INVESCO
Dynamics Fund, INVESCO Small Company Growth Fund, INVESCO VIF-Small
Company Growth Fund, INVESCO Growth Fund, and INVESCO VIF-Growth
Fund and is a senior vice president of INVESCO Trust Company.
Mr. Miller was previously an analyst and portfolio manager with
Mississippi Valley Advisors from 1979 to 1992. Mr. Miller received
a M.B.A. from the University of Missouri-St. Louis and a
B.S.B.A. from St. Louis University.
Tom Wald has been a co-portfolio manager of the Fund since October
1997. Mr. Wald also manages INVESCO Dynamics Fund. Mr. Wald was
previously the senior health care analyst with Munder Capital
Management. Mr. Wald has also worked for Duff & Phelps and
Prudential Investment Corp. Mr. Wald received a M.B.A. from the
Wharton School at the University of Pennsylvania and a B.A. from
Tulane University.
B. The section of the above Fund's Prospectus entitled "Management-- Growth
Fund" is amended to (1) delete the section in its entirety, and (2)
substitute the following paragraphs in its place:
The Fund is managed by two members of the INVESCO Growth Team, which
is headed by Timothy J. Miller. The following individuals are
primarily responsible for the day-to-day management of the Fund's
portfolio holdings:
Trent E. May, a Chartered Financial Analyst, has been the lead
portfolio manager of the Fund since October 1997 (co-portfolio
manager since 1996). Mr. May also manages INVESCO Growth Fund,
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INVESCO Small Company Growth Fund, and INVESCO VIF-Small Company
Growth Fund and is a vice president of INVESCO Trust Company. Mr.
May began his investment career in 1991 and was most recently
senior equity fund manager/equity analyst with Munder Capital
Management in Detroit. Mr. May received a M.B.A. from Rollins
College and a B.S. in Engineering from the Florida Institute of
Technology.
Timothy J. Miller, a Chartered Financial Analyst, has been a
co-portfolio manager of the Fund since 1996. Mr. Miller also
manages INVESCO Growth Fund, INVESCO Dynamics Fund, INVESCO
VIF-Dynamics Fund, INVESCO Small Company Growth Fund, and INVESCO
VIF-Small Company Growth Fund and is a senior vice president of
INVESCO Trust Company. Mr. Miller was previously an analyst
and portfolio manager with Mississippi Valley Advisors from 1979 to
1992. Mr. Miller received a M.B.A. from the University of
Missouri-St. Louis and a B.S.B.A. from St. Louis University.
The date of this Supplement is October 24, 1997.
