INVESCO VARIABLE INVESTMENT FUNDS, INC.
INVESCO VIF - Realty Fund
INVESCO VIF - Total Return Fund
Supplement to Prospectuses dated July 6, 1998
The section of the INVESCO VIF - Realty Fund's Prospectus entitled "Management"
is amended to (1) delete the seventh paragraph, and (2) substitute the following
paragraph in its place:
Out of the advisory fee which it receives from the Fund, IFG pays IRAI, as
sub-adviser to the Fund, a monthly fee based upon the average daily value
of the Fund's net assets. Based upon approval of the Company's board of
directors at a meeting held May 14, 1998, the calculation of the
subadvisory fees of the Fund has been changed from 33.33% of the advisory
fee (0.30% on the first $500 million of the Fund's average net assets,
0.25% on the next $500 million of the Fund's average net assets and
0.2167% on the Fund's average net assets in excess of $1 billion) to 40%
of the the advisory fee (0.36% on the first $500 million of the Fund's
average net assets, 0.30% on the next $500 million of the Fund's average
net assets and 0.26% on the Fund's average net assets in excess of $1
billion). No fee is paid by the Fund to IRAI.
The section of the INVESCO Total Return Fund's Prospectus entitled "Management"
is amended to (1) delete the ninth paragraph, and (2) substitute the following
paragraph in its place:
Out of the advisory fee which it receives from the Fund, IFG pays ICM, as
sub-adviser to the Fund, a monthly fee based upon the average daily value
of the Fund's net assets. Based upon approval of the Company's board of
directors at a meeting held May 14, 1998, the calculation of the
subadvisory fees of the Fund has been changed from 33.33% of the advisory
fee (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
0.1833% on the Fund's average net assets in excess of $1 billion) to 40%
of the the advisory fee (0.30% on the first $500 million of the Fund's
average net assets, 0.26% on the next $500 million of the Fund's average
net assets and 0.22% on the Fund's average net assets in excess of $1
billion). No fee is paid by the Fund to ICM.
The date of this Supplement is August 1, 1998.
<PAGE>
INVESCO VARIABLE INVESTMENT FUNDS, INC.
Supplement to Statement of Additional Information
dated July 6, 1998
The section of the INVESCO Variable Investment Funds, Inc.'s Statement of
Additional Information entitled "Fund Management: Sub- Advisory Agreement" is
amended to (1) delete the fourth and fifth paragraphs, and (2) substitute the
following paragraphs in their place:
The ICM Sub-Agreement provides that as compensation for its services, ICM
shall receive from IFG, at the end of each month, a monthly fee based upon
the average daily value of the Total Return Fund's net assets. Based upon
approval of the Company's board of directors at a meeting held May 14,
1998, the calculation of the subadvisory fee of the Fund has been changed
from 33.33% of the advisory fee (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 0.1833% on the Fund's average net assets in excess
of $1 billion) to 40% of the advisory fee (0.30% on the first $500 million
of the Fund's average net assets, 0.26% on the next $500 million of the
Fund's average net assets and 0.22% on the Fund's average net assets in
excess of $1 billion).
The IRAI Sub-Agreement provides that as compensation for its services,
IRAI shall receive from IFG, at the end of each month, a monthly fee based
upon the average daily value of the Realty Fund's net assets. Based upon
approval of the Company's board of directors at a meeting held May 14,
1998, the calculation of the subadvisory fee of the Fund has been changed
from 33.33% of the advisory fee (0.30% on the first $500 million of the
Fund's average net assets, 0.25% on the next $500 million of the Fund's
average net assets and 0.2167% on the Fund's average net assets in excess
of $1 billion) to 40% of the advisory fee (0.36% on the first $500 million
of the Fund's average net assets, 0.30% on the next $500 million of the
Fund's average net assets and 0.26% on the Fund's average net assets in
excess of $1 billion).
The date of this Supplement is August 1, 1998.
