INVESCO VARIABLE INVESTMENT FUNDS INC
497, 2000-02-03
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                     INVESCO VARIABLE INVESTMENT FUNDS, INC.
                       INVESCO VIF - Blue Chip Growth Fund

                   Supplement to Prospectus Dated May 1, 1999


The section of the Fund's Prospectus entitled  "Investment Goals And Strategies"
is  amended  to (1) delete the first  sentence  of the fifth  paragraph  and (2)
substitute the following in its place:

       The Fund invests  primarily in common stocks of large  companies that, at
       the  time of  purchase,  have  market  capitalizations  of more  than $15
       billion and that have a history of consistent  earnings growth regardless
       of business cycles.

The date of this Supplement is February 3, 2000.


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                     INVESCO VARIABLE INVESTMENT FUNDS, INC.
                     INVESCO VIF - Small Company Growth Fund

                   Supplement to Prospectus Dated May 1, 1999


The section of the Fund's Prospectus entitled  "Investment Goals And Strategies"
is  amended  to (1) delete the first  sentence  of the fifth  paragraph  and (2)
substitute the following in its place:

       The Fund  invests  primarily in common  stocks of  companies  with market
       capitalizations of $2 billion or less at the time of purchase.

The date of this Supplement is February 3, 2000.







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