INVESCO VARIABLE INVESTMENT FUNDS, INC.
INVESCO VIF - Industrial Income Fund
INVESCO VIF - Total Return Fund
INVESCO VIF - High Yield
INVESCO VIF - Utilities Fund
Supplement to Prospectus
dated May 1, 1997
As Supplemented May 1, 1997
The section of the Fund's Prospectus entitled "Management" is amended to (1)
delete the ninth paragraph and (2) substitute the following new paragraph in its
place:
Utilities Fund
Brian B. Hayward -- Portfolio manager of the Fund since July 1997;
portfolio manager of the INVESCO Strategic Utilities Portfolio since July 1997
and the INVESCO Worldwide Communications Fund since July 1997. Previously, he
was a senior equity analyst for Mississippi Valley Advisors in St. Louis,
Missouri. Mr. Hayward earned a B.A. in Mathematics and his M.A. in Economics
from the University of Missouri. He began his investment career in 1985. He is a
Chartered Financial Analyst.
The date of this supplement is July 1, 1997.
