AMENDMENT NO. 7 TO MASTER INTERGROUP SUB-ADVISORY CONTRACT FOR MUTUAL FUNDS

AMENDMENT NO. 7
TO
MASTER INTERGROUP SUB-ADVISORY CONTRACT FOR MUTUAL FUNDS

     This Amendment dated as of December 1, 2011, amends the Master Intergroup Sub-Advisory Contract for Mutual Funds (the “Contract”), dated May 1, 2008, between Invesco Advisers, Inc. (the “Adviser”), on behalf of AIM Variable Insurance Funds (Invesco Variable Insurance Funds), and each of Invesco CanadaLtd. (previously known as Invesco Trimark Ltd.), Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Australia Limited, Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. (each a “Sub-Adviser” and, collectively, the “Sub-Advisers”).

W I T N E S S E T H:

     WHEREAS, the parties desire to amend the Contract to remove the following series portfolios: Invesco V.I. Basic Balanced Fund, Invesco V.I. Dynamics Fund, Invesco V.I. Financial Services Fund, Invesco V.I. Global Multi-Asset Fund, Invesco V.I. Large Cap Growth Fund, Invesco V.I. Global Dividend Growth Fund, Invesco V.I. Income Builder Fund, Invesco V.I. Select Dimensions Balanced Fund, Invesco V.I. Select Dimensions Dividend Growth Fund, Invesco Xxx Xxxxxx V.I. Global Tactical Asset Allocation Fund, Invesco Xxx Xxxxxx V.I. Government Fund, Invesco Xxx Xxxxxx V.I. High Yield Fund, Xxxxxxx Xxx Xxxxxx V.I. International Growth Equity Fund and Invesco Xxx Xxxxxx V.I. Value Fund;

NOW, THEREFORE, the parties agree that;

1. Exhibit A to the Contract is hereby deleted in its entirety and replaced with the following:

“EXHIBIT A

Invesco V.I. Balanced-Risk Allocation Fund		Invesco V.I. High Yield Securities Fund
Invesco V.I. Basic Value Fund		Invesco V.I. S&P 500 Index Fund
Invesco V.I. Capital Appreciation Fund		Invesco V.I. Select Dimensions Equally- Weighted S&P 500 Fund
Invesco V.I. Capital Development Fund		Invesco Xxx Xxxxxx V.I. Capital Growth Fund
Invesco V.I. Core Equity Fund		Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
Invesco V.I. Diversified Income Fund		Invesco Xxx Xxxxxx V.I. Equity and Income Fund
Invesco V.I. Global Health Care Fund		Invesco Xxx Xxxxxx V.I. Global Value Equity Fund
Invesco V.I. Global Real Estate Fund		Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Invesco V.I. Government Securities Fund		Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
Invesco V.I. High Yield Fund		Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund”
Invesco V.I. International Growth Fund
Invesco V.I. Leisure Fund
Invesco V.I. Mid Cap Core Equity Fund
Invesco V.I. Money Market Fund
Invesco V.I. Small Cap Equity Fund
Invesco V.I. Technology Fund
Invesco V.I. Utilities Fund
Invesco V.I. Dividend Growth Fund

2. All other terms and provisions of the Contract not amended shall remain in full force and effect.

          IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed by their officers designated as of the day and year first above written.

		INVESCO ADVISERS, INC.
		Adviser
		By:		/s/ Xxxx X. Xxxx
		Name:		Xxxx X. Xxxx
		Title:		Senior Vice President

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		INVESCO CANADA LTD.
		Sub-Adviser
		By:		/s/ Xxxx X. Xxxxxxx
		Name:		Xxxx X. Xxxxxxx
		Title:		Senior Vice President & Secretary
		By:		/s/ Xxxxx Xxxxxx
		Name:		Xxxxx Xxxxxx
		Title:		Vice President, Compliance & Chief Compliance
		Officer

3

		INVESCO ASSET MANAGEMENT DEUTSCHLAND GMBH
		Sub-Adviser
		Sub-Adviser
		By:		/s/ X Xxxxxxxxx
		Name:		/s/ X Xxxxxxxxx
		Title:		/s/ Managing Director
		By:		/s/ A Lebman
		Name:		A Lebman
		Title:

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		INVESCO ASSET MANAGEMENT LIMITED
		Sub-Adviser
		By:		/s/ X X Xxxxxxxxx
		Name:		X X Xxxxxxxxx
		Title:		Director

5

		INVESCO ASSET MANAGEMENT (JAPAN) LTD.
		Sub-Adviser
		By:		/s/ Xxxxxxxx Xxxxxxxx
		Name:		Xxxxxxxx Xxxxxxxx
		Title:		Managing Director

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		INVESCO AUSTRALIA LIMITED
		Sub-Adviser
		By:		/s/ Xxxx Xxxxxxx
		Name:		Xxxx Xxxxxxx
		Title:		Company Secretary
		Sub-Adviser
		By:		/s/ Xxxx Xxxxxxx
		Name:		Xxxx Xxxxxxx
		Title:		Director

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		INVESCO HONG KONG LIMITED
		Sub-Adviser
		By:		/s/ Xxxx Xxxx
		Name:		Xxxx Xxxx
		Title:		Director
		By:		/s/ Xxxxx Xxx
		Name:		Xxxxx Xxx
		Title:		Director

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		INVESCO SENIOR SECURED MANAGEMENT, INC.
		Sub-Adviser
		By:		/s/ Xxxxxxx X. Xxxxx
		Name:		Xxxxxxx X. Xxxxxx
		Title:		Secretary & General Counsel

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