AMENDMENT NO. 16 THIRD AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT

AMENDMENT NO. 16

THIRD AMENDED AND RESTATED MASTER ADMINISTRATIVE SERVICES AGREEMENT

This Amendment (the “Amendment”) effective April 30, 2014, amends the Third Amended and Restated Master Administrative Services Agreement (the “Agreement”), dated July 1, 2006, by and between Invesco Advisers, Inc., a Delaware corporation, and AIM Variable Insurance Funds (Invesco Variable Insurance Funds), a Delaware statutory trust, is hereby amended as follows:

W I T N E S S E T H:

WHEREAS, the parties desire to amend the Agreement to change the name of Invesco V.I. Utilities Fund to Invesco V.I. Managed Volatility Fund;

NOW THEREFORE, the parties agree that:

1. Appendix A of the Agreement is hereby deleted in its entirety and replaced with the following:

“APPENDIX A

TO

THIRD AMENDED AND RESTATED

MASTER ADMINISTRATIVE SERVICES AGREEMENT

OF

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

Portfolios				Effective Date of Agreement
Invesco V.I. Balanced-Risk Allocation Fund				January 7, 2011
Invesco V.I. Core Equity Fund				May 1, 2000
Invesco V.I. Diversified Income Fund				May 1, 2000
Invesco V.I. Global Health Care Fund				April 30, 2004
Invesco V.I. Global Real Estate Fund				April 30, 2004
Invesco V.I. Government Securities Fund				May 1, 2000
Invesco V.I. High Yield Fund				May 1, 2000
Invesco V.I. International Growth Fund				May 1, 2000
Invesco V.I. Mid Cap Core Equity Fund				September 10, 2001
Invesco V.I. Money Market Fund				May 1, 2000
Invesco V.I. Small Cap Equity Fund				September 1, 2003
Invesco V.I. Technology Fund				April 30, 2004
Invesco V.I. Managed Volatility Fund				April 30, 2004
Invesco V.I. Diversified Dividend Fund				February 12, 2010
Invesco V.I. S&P 500 Index Fund				February 12, 2010
Invesco V.I. Equally-Weighted S&P 500 Fund				February 12, 2010
Invesco V.I. American Franchise Fund				February 12, 2010
Invesco V.I. American Value Fund				February 12, 2010
Invesco V.I. Xxxxxxxx Fund				February 12, 2010
Invesco V.I. Equity and Income Fund				February 12, 2010
Invesco V.I. Global Core Equity Fund				February 12, 2010
Invesco V.I. Growth and Income Fund				February 12, 2010
Invesco V.I. Mid Cap Growth Fund				February 12, 2010
Invesco V.I. Value Opportunities Fund				September 10, 2001

The Administrator may receive from each Portfolio reimbursement for costs or reasonable compensation for such services as follows:

Rate*		Net Assets
0.023%		First $1.5 billion
0.013%		Next $1.5 billion
0.003%		Over $3 billion

* Annual minimum fee is $50,000. An additional $5,000 per class of shares is charged for each class other than the initial class. The $5,000 class fee is waived for any of the above Portfolios with insufficient assets to result in the payment of more than the minimum fee of $50,000.”

2. All other terms and provisions of the Agreement not amended herein shall remain 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.

								INVESCO ADVISERS, INC.
Attest:		/s/ Xxxxx Xxxxxxxx				By:		/s/ Xxxx X. Xxxx
		Assistant Secretary						Xxxx X. Xxxx
								Senior Vice President
(SEAL)
								AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
Attest:		/s/ Xxxxx Xxxxxxxx				By:		/s/ Xxxx X. Xxxx
		Assistant Secretary						Xxxx X. Xxxx
								Senior Vice President

(SEAL)

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