INVESCO VARIABLE INVESTMENT FUNDS, INC.
INVESCO VIF-Dynamics Portfolio
INVESCO VIF-Growth Portfolio
INVESCO VIF-Health Sciences Portfolio
INVESCO VIF-High Yield Portfolio
INVESCO VIF-Industrial Income Portfolio
INVESCO VIF-Realty Portfolio
INVESCO VIF-Small Company Growth Portfolio
INVESCO VIF-Technology Portfolio
INVESCO VIF-Utilities Portfolio
Supplement to Prospectus
Dated May 1, 1997
On January 2, 1998, all employees of the Funds' sub-adviser, INVESCO Trust
Company ("INVESCO Trust"), that provided the Funds with sub-advisory services
were made employees of the Funds' investment adviser, INVESCO Funds Group, Inc.
("IFG"). INVESCO Trust is a wholly-owned subsidiary of IFG. Effective February
3, 1998, INVESCO Trust no longer provides sub-advisory services to the Funds,
and IFG provides such day-to-day portfolio management services as the investment
adviser to the Funds. This change in no way changes the basis upon which
investment advice is provided to the Funds, the cost of those services to the
Funds, or the persons actually performing the investment advisory and other
services previously provided by INVESCO Trust. Consequently, all references to
INVESCO Trust Company in the Prospectuses should be deleted.
The date of this supplement is February 3, 1998.
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INVESCO VARIABLE INVESTMENT FUNDS, INC.
Supplement to Statement of Additional Information
Dated May 1, 1997
On January 2, 1998, all employees of the Funds' sub-adviser, INVESCO Trust
Company ("INVESCO Trust"), that provided the Funds with sub-advisory services
were made employees of the Funds' investment adviser, INVESCO Funds Group, Inc.
("IFG"). INVESCO Trust is a wholly-owned subsidiary of IFG. Effective February
3, 1998, INVESCO Trust no longer provides sub-advisory services to the Funds,
and IFG provides such day-to-day portfolio management services as the investment
adviser to the Funds. This change in no way changes the basis upon which
investment advice is provided to the Funds, the cost of those services to the
Funds, or the persons actually performing the investment advisory and other
services previously provided by INVESCO Trust. Consequently, all references to
INVESCO Trust Company in the Statement of Additional Information should be
deleted.
In addition, the Section of the above Company's Statement of Additional
Information entitled "Management--Sub-Advisory Agreement" is amended to (1)
delete the fifth paragraph and (2) substitute the following new paragraph in its
place:
The ICM Sub-Agreement provides that as compensation for its services,
ICM shall receive from INVESCO, at the end of each month, a fee based upon
the average daily value of the Total Return Fund's net assets at the
following annual rates: prior to January 1, 1998, 0.375% on the first $500
million of the Fund's average net assets, 0.325% on the next $500 million
of the Fund's average net assets, and 0.275% on the Fund's average net
assets in excess of $1 billion; and effective January 1, 1998, 0.25% on the
first $500 million of the Fund's average net assets, 0.2167% on the next
$500 million of the Fund's average net assets, and 0.1667% of the Fund's
average net assets in excess of $1 billion.
This Supplement supersedes the Supplements dated January 21, 1998 and December
31, 1997.
The date of this supplement is February 3, 1998.
