INVESCO VARIABLE INVESTMENT FUNDS INC
24F-2NT, 1998-02-26
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                    U. S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

1.       Name and Address of issuer:
                      INVESCO Variable Investment Funds, Inc.
                      7800 E. Union Avenue
                      Denver, Colorado 80237

2.       The name of each series or class of securities for which this Form is 
         filed (if the form is being filed for all series and classes of 
         securities of the issuer, check the box but do not list series or 
         classes):    _X_

3.       Investment Company Act File Number:    811-8038

         Securities Act File Number:        033-70154

4(a)     Last day of fiscal year for which this Form is filed:    December 31, 
         1997

4(b)     ----   Check box if this Form is being filed late (i.e., more than 90 
                calendar days after the end of the issuer's fiscal year).  
                (See Instruction A.2)

4(c)     ----   Check box if this is the last time the issuer will be filing 
                this Form.

5.       Calculation of registration fee:

         (i)      Aggregate sales price of securities
                  sold during the fiscal year
                  pursuant to section 24(f)                   $90,953,344
                                                              -----------

         (ii)     Aggregate price of securities
                  redeemed or repurchased during
                  the fiscal year:                            $50,968,753
                                                              -----------

         (iii)    Aggregate price of securities  
                  redeemed or repurchased  during
                  any prior  fiscal year ending no 
                  earlier  than October 1, 1995 that  
                  were not  previously  used to reduce  
                  registration  fees payable to the
                  Commission                                  $0
                                                              --

         (iv)     Total available redemption credits
                  [add items 5(ii) and 5(iii)]                $50,968,753
                                                              -----------

         



<PAGE>
         (v)      Net sales - if item 5(i) is greater
                  than item 5(iv)  [subtract item 5(iv) from
                  item 5(I)]                                  $39,984,591
                                                              -----------

         (vi)     Redemption credits available for use in 
                  future years - if item 5(i) is less than item  
                  5(iv) [subtract item 5(iv) from item 5(i)]  $0
                                                              --
                                                        
         (vii)    Multiplier for determining
                  registration fee (See Instruction C.9)      x1/3400
                                                              -------

         (viii)   Registration fee due [multiply item 5(v)  
                  by item 5(vii)] (enter "0" if no fee is due)=$0*
                                                              ---
         *No fee  is due  because  all net sales  were to  registered  insurance
         company separate accounts.

6.       Prepaid Shares

         If the response to item 5(i) was  determined  by deducting an amount of
         securities  that  were  registered  under  the  Securities  Act of 1933
         pursuant  to rule 24e-2 as in effect  before  October  11,  1997,  then
         report  the  amount of  securities  (number  of shares or other  units)
         deducted here: ---------------. If there is a number of shares or other
         units that were registered  pursuant to rule 24e-2 remaining  unsold at
         the end of the  fiscal  year for  which  this  form is  filed  that are
         available for use by the issuer in future fiscal years, then state that
         number here: -------------.

7.       Interest due - if this Form is being filed more than 
         90 days after the end of the Issuer's fiscal year 
         (see instruction D):                                 +$0
                                                              ---

8.       Total of the amount of the registration fee due plus any
         interest due [line 5(viii) plus line 7]:             =$0
                                                              ----

9.       Date of the  registration  fee and any interest payment was sent to the
         Commission's lockbox depository:

                  Method of Delivery:
                                            ---   Wire Transfer
                                            ---   Mail or other means





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