INVESCO VARIABLE INVESTMENT FUNDS INC
24F-2NT, 1999-03-29
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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, 1998

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)                        $0
                                                             --
            (Note: Sales to Unit Investment Trusts
             excluded under Instruction C.3)
 
      (ii)  Aggregate price of securities
            redeemed or repurchased during
            the fiscal year:                                 $0
                                                             --
            (Note: Redemptions from Unit Investment
             Trusts excluded under Instruction C.3)

      (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)]                    $0
                                                             --

      (v)   Net sales - if item 5(i) is greater
            than item 5(iv)  [subtract  item
            5(iv) from item 5(I)]                            $0
                                                             --

      (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)           x0.000278
                                                             ---------
<PAGE>


      (viii)Registration fee due [multiply item 5(v)
            by item 5(vii)] (enter "0" if no fee is due):    =$0
                                                             ---
   
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

                              SIGNATURES

This  report  has been  signed  below by the  following  person on behalf of the
issuer and in the capacities and on the date indicated.

                            INVESCO Variable Investment Funds, Inc.



                              By: /s/ Mark H. Williamson
                                  ------------------------------------
                                   Mark H. Williamson
                                   President & Chief Executive Officer


                              Date:   March 29, 1999









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