SUB-ITEM 77Q1(a)
AMENDMENT NO. 7
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of October 15, 2004, amends the Master Investment
Advisory Agreement (the "Agreement"), dated May 1, 2000, between AIM Variable
Insurance Funds, a Delaware statutory trust, 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 rename each INVESCO
Fund by replacing "INVESCO VIF -" with "AIM V.I." and further to change the
name of the INVESCO VIF - Core Equity Fund to the AIM V.I. Core Stock Fund;
NOW, THEREFORE, the parties agree as follows:
1. Appendix A and Appendix B to the Agreement is hereby deleted in its
entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
EFFECTIVE DATE OF
NAME OF FUND ADVISORY AGREEMENT
------------ ------------------
AIM V.I. Aggressive Growth Fund May 1, 2000
AIM V.I. Balanced Fund May 1, 2000
AIM V.I. Basic Value Fund September 10, 2001
AIM V.I. Blue Chip Fund May 1, 2000
AIM V.I. Capital Appreciation Fund May 1, 2000
AIM V.I. Capital Development Fund May 1, 2000
AIM V.I. Core Equity Fund May 1, 2000
AIM V.I. Core Stock Fund April 30, 2004
AIM V.I. Dent Demographic Trends Fund May 1, 2000
AIM V.I. Diversified Income Fund May 1, 2000
AIM V.I. Dynamics Fund April 30, 2004
AIM V.I. Financial Services Fund April 30, 2004
AIM V.I. Government Securities Fund May 1, 2000
AIM V.I. Growth Fund May 1, 2000
AIM V.I. Health Sciences Fund April 30, 2004
AIM V.I. High Yield Fund May 1, 2000
AIM V.I. International Growth Fund May 1, 2000
AIM V.I. Large Cap Growth Fund September 1, 2003
AIM X.X. Xxxxxxx Xxxx Xxxxx 00, 0000
AIM V.I. Mid Cap Core Equity Fund September 10, 2001
AIM V.I. Money Market Fund May 1, 2000
AIM V.I. Premier Equity Fund May 1, 2000
AIM V.I. Real Estate Fund April 30, 2004
AIM V.I. Small Cap Equity Fund September 1, 2003
1
AIM V.I. Small Company Growth Fund April 30, 2004
AIM V.I. Technology Fund April 30, 2004
AIM V.I. Total Return Fund April 30, 2004
AIM V.I. Utilities Fund April 30, 0000
XXXXXXXX X
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, out of the assets of a Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below. Such fee shall be calculated by applying the following annual rates to
the average daily net assets of such Fund for the calendar year computed in the
manner used for the determination of the net asset value of shares of such
Fund.
AIM V.I. AGGRESSIVE GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $150 million............................................ 0.80%
Over $150 million............................................. 0.625%
AIM V.I. BALANCED FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $150 million............................................ 0.75%
Over $150 million............................................. 0.50%
AIM V.I. BASIC VALUE FUND
AIM V.I. MID CAP CORE EQUITY FUND
NET ASSETS ANNUAL RATE
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million................................................ 0.725%
Next $500 million................................................. 0.700%
Next $500 million................................................. 0.675%
Over $1.5 billion................................................. 0.65%
2
AIM V.I. BLUE CHIP FUND
AIM V.I. CAPITAL DEVELOPMENT FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $350 million............................................ 0.75%
Over $350 million............................................. 0.625%
AIM V.I. CAPITAL APPRECIATION FUND
AIM V.I. CORE EQUITY FUND
AIM V.I. GROWTH FUND
AIM V.I. PREMIER EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million............................................ 0.65%
Over $250 million............................................. 0.60%
AIM V.I. CORE STOCK FUND
AIM V.I. DYNAMICS FUND
AIM V.I. FINANCIAL SERVICES FUND
AIM V.I. HEALTH SCIENCES FUND
AIM V.I. LEISURE FUND
AIM V.I. SMALL COMPANY GROWTH FUND
AIM V.I. TECHNOLOGY FUND
AIM V.I. TOTAL RETURN FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets.................................................... 0.75%
AIM V.I. DENT DEMOGRAPHIC TRENDS FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $2 billion.............................................. 0.77%
Over $2 billion............................................... 0.72%
AIM V.I. DIVERSIFIED INCOME FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million............................................ 0.60%
Over $250 million............................................. 0.55%
3
AIM V.I. GOVERNMENT SECURITIES FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million............................................ 0.50%
Over $250 million............................................. 0.45%
AIM V.I. HIGH YIELD FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $200 million............................................ 0.625%
Next $300 million............................................. 0.55%
Next $500 million............................................. 0.50%
Over $1 billion............................................... 0.45%
AIM V.I. INTERNATIONAL GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million............................................ 0.75%
Over $250 million............................................. 0.70%
AIM V.I. LARGE CAP GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $1 billion.............................................. 0.75%
Next $1 billion............................................... 0.70%
Over $2 billion............................................... 0.625%
AIM V.I. MONEY MARKET FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million............................................ 0.40%
Over $250 million............................................. 0.35%
4
AIM V.I. REAL ESTATE FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets.................................................... 0.90%
AIM V.I. SMALL CAP EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets.................................................... 0.85%
AIM V.I. UTILITIES FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets.................................................... 0.60%"
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: October 15, 2004
AIM VARIABLE INSURANCE FUNDS
Attest: /s/ Xxxx Xxxx By: /s/ Xxxxxx X. Xxxxxx
--------------------------- -----------------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
A I M ADVISORS, INC.
Attest: /s/ Xxxx Xxxx By: /s/ Xxxx X. Xxxxxxxxxx
--------------------------- -----------------------------
Assistant Secretary Xxxx X. Xxxxxxxxxx
President
(SEAL)
5
