INVESCO VARIABLE INVESTMENT FUNDS, INC.
INVESCO VIF - Small Company Growth Fund
Supplement to Prospectus dated May 1, 1998
The section of the above Fund's Prospectus entitled "Management" is amended to
(1) delete the fifth, sixth, seventh and eighth paragraphs, and (2) substitute
the following paragraphs in their place:
The Fund is managed by INVESCO's Growth Team, which is led by Timothy J.
Miller. The following individuals are primarily responsible for the
day-to-day management of the Fund's portfolio of securities:
Stacie Cowell, a Chartered Financial Analyst, has been the lead portfolio
manager of the Fund since June 1998 (co-portfolio manager since February
1997). Ms. Cowell is also lead portfolio manager of INVESCO Small Company
Growth Fund. Ms. Cowell was previously a senior equity analyst with
Founders Asset Management and capital markets and trading analyst with
Chase Manhattan Bank in New York. Ms. Cowell received a B.A. in Economics
from Colgate University.
Timothy J. Miller, a Chartered Financial Analyst, has been a co-portfolio
manager of the Fund since February 1997. Mr. Miller is also the lead
portfolio manager of INVESCO Dynamics Fund and INVESCO VIF-Dynamics Fund
and co-manages INVESCO Small Company Growth Fund, INVESCO Growth Fund and
INVESCO VIF-Growth Fund. Mr. Miller is also a senior vice president of
INVESCO Funds Group, Inc. Mr. Miller was previously an analyst and
portfolio manager with Mississippi Valley Advisors from 1979 to 1992. Mr.
Miller received an M.B.A. from the University of Missouri-St. Louis and a
B.S.B.A. from St. Louis University.
Trent E. May, a Chartered Financial Analyst, has been co-portfolio manager
of the Fund since February 1997. Mr. May is also the lead portfolio manager
of INVESCO Growth Fund and INVESCO VIF-Growth Fund and co-manages INVESCO
Small Company Growth Fund. Mr. May is also a vice president of INVESCO
Funds Group, Inc. 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 an M.B.A. from Rollins College and
a B.S. in Engineering from the Florida Institute of Technology.
The date of this Supplement is June 1, 1998.
