INVESCO VARIABLE INVESTMENT FUNDS, INC.
Supplement to Statement of Additional Information
dated May 1, 1997
The Section of the above Company's Statement of Additional Information entitled
"Management -- Sub-Advisory Agreement" is amended to (1) delete the fourth and
fifth paragraphs and (2) substitute the following new paragraphs in their place:
The INVESCO Trust Sub-Agreement provides that as compensation
for its services, INVESCO Trust shall receive from INVESCO, at the end
of each month, a fee based upon the average daily value of the
applicable Fund's net assets of each Fund managed. The sub-advisory fee
for the Industrial Income Fund and Total Return Funds are computed at
the following annual rates: prior to January 1, 1998, 0.375% on the
first $500 million of each Fund's average net assets, 0.325% on the
next $500 million of each Fund's average net assets and 0.275% on each
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, 0.2166% 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. The sub-advisory fee for the Health Sciences, Small Company
Growth and Technology Funds are computed at the following annual rates:
prior to January 1, 1998, 0.25% on the first $200 million of each
Fund's average net assets and 0.20% on each Fund's average net assets
in excess of $200 million; and effective January 1, 1998, 0.25% on the
first $200 million of each Fund's average net assets, 0.2167% on the
next $500 million of each Fund's average net assets, and 0.1833% on
each Fund's average net assets in excess of $700 million. The sub-
advisory fee for the High Yield and Utilities Funds are computed at the
following annual rates: prior to January 1, 1998, 0.300% on the first
$500 million of each Fund's average net assets, 0.275% on the next $500
million of each Fund's average net assets and 0.225% on each Fund's
average net assets in excess of $1 billion; and effective January 1,
1998, 0.20% on the first $500 million of each Fund's average net
assets, 0.1833% on the next $500 million of each Fund's average net
assets, and 0.15% on each Fund's average net assets in excess of $1
billion. The subadvisory fee for the Dynamics Fund is computed at the
following annual rates: prior to January 1, 1998, 0.25% on the first
$200 million of the Fund's average net assets and 0.20% on the Fund's
average net assets in excess of $200 million; and effective January 1,
1998, 0.20% on the first $350 million of the Fund's average net assets,
0.1833% on the next $350 million of the Fund's average net assets and
0.1677% on the Fund's average net assets in excess of $700 billion.
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 supersedes the supplement dated December 31, 1997.
The date of this supplement is January 21, 1998.
