INVESCO VARIABLE INVESTMENT FUNDS INC
497, 2000-12-15
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                     INVESCO VARIABLE INVESTMENT FUNDS, INC.
                         INVESCO VIF - Total Return Fund

                  Supplement to Prospectus Dated April 30, 2000


The  section of the Fund's  Prospectus  entitled  "Fund  Management  - Portfolio
Managers"  is amended to (1) delete the  paragraphs  within the section in their
entirety and (2) substitute the following in its place:

     The following  individuals  are primarily  responsible  for the  day-to-day
     management of the Fund's portfolio holdings:

     RICHARD R.  HINDERLIE,  a vice  president of INVESCO,  is the  co-portfolio
     manager of the Fund.  Dick joined INVESCO in 1993. He holds an M.B.A.  from
     Arizona  State  University  and a B.A. in Economics  from Pacific  Lutheran
     University.

     CHARLES P. MAYER,  Director of Income Equity Investments and a director and
     a senior vice president of INVESCO, is the lead manager of the Fund. Before
     joining INVESCO in 1993,  Charles was a portfolio manager with Westinghouse
     pension.  He holds an M.B.A. from St. John's University and a B.A. from St.
     Peter's College.

The date of this Supplement is December 15, 2000.

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                     INVESCO Variable Investment Funds, Inc.

                     Supplement to Statement of Additional Information

                              Dated April 30, 2000

Effective immediately, Total Return Fund will be managed by INVESCO Funds Group,
Inc. All references to INVESCO Capital Management,  a division of INVESCO,  Inc.
should be deleted from the Statement of Additional Information.

The date of this Supplement is December 15, 2000.






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