AMENDMENT NO. 1 TO MASTER INVESTMENT ADVISORY AGREEMENT
1
EXHIBIT 5(a)
AMENDMENT NO. 1
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of ______________, 1997, amends the Master
Investment Advisory Agreement (the "Agreement"), dated February 28, 1997,
between AIM Variable Insurance Funds, Inc., a Maryland corporation, and A I M
Advisors, Inc., a Delaware corporation.
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to add four new
portfolios, AIM V.I. Aggressive Growth Fund, AIM V.I. Balanced Fund, AIM V.I.
Capital Development Fund and AIM V.I. High Yield Fund;
NOW, THEREFORE, the parties agree as follows:
1. Appendix A to the Agreement is hereby deleted in its entirety
and replaced with the following:
APPENDIX A
TO
MASTER INVESTMENT ADVISORY AGREEMENT
OF
AIM VARIABLE INSURANCE FUNDS, INC.
The Company shall pay the Advisor as full compensation for all
services rendered and all facilities furnished hereunder, a management fee for
each Fund by applying the following annual rates to the average daily net
assets of each Fund for the calendar year computed in the manner used for the
determination of the net asset value of shares of each Fund.
AIM V.I. CAPITAL APPRECIATION FUND
AIM V.I. GROWTH FUND
AIM V.I. GROWTH AND INCOME FUND
AIM V.I. GLOBAL UTILITIES FUND
AIM V.I. VALUE FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.65%
Over $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.60%
AIM V.I. AGGRESSIVE GROWTH FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $150 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.80%
Over $150 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.625%
2
AIM V.I. BALANCED FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $150 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.75%
Over $150 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.50%
AIM V.I. CAPITAL DEVELOPMENT FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $350 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.75%
Over $350 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.625%
AIM V.I. DIVERSIFIED INCOME FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.60%
Over $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.55%
AIM V.I. GOVERNMENT SECURITIES FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50%
Over $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45%
AIM V.I. HIGH YIELD FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $200 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.625%
Next $300 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.55%
Next $500 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.50%
Amount over $1 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.45%
AIM V.I. INTERNATIONAL EQUITY FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.75%
Over $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.70%
AIM V.I. MONEY MARKET FUND
ANNUAL
NET ASSETS RATE
---------- ----
First $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.40%
Over $250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.35%
3
2. In all other respects, the Agreement is hereby confirmed and remains
in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their respective officers on the date first written above.
Date: , 1997
-----------------------------
AIM VARIABLE INSURANCE FUNDS, INC.
Attest: By:
-------------------------- ------------------------------
Assistant Secretary President
(SEAL)
A I M ADVISORS, INC.
Attest: By:
-------------------------- ----------------------------
Assistant Secretary President
(SEAL)
