AMENDMENT NO. 20 TO FIRST AMENDED AND RESTATED MASTER DISTRIBUTION AGREEMENT

AMENDMENT NO. 20
TO
FIRST AMENDED AND RESTATED
MASTER DISTRIBUTION AGREEMENT

          This Amendment (the “Amendment”) dated July 16, 2012, amends The First Amended and Restated Master Distribution Agreement (the “Agreement”), dated as of July 16, 2001, by and between AIM Variable Insurance Funds (Invesco Variable Insurance Funds), a Delaware statutory trust and Invesco Distributors, Inc., a Delaware corporation.

     WHEREAS, the parties desire to (i) remove Invesco V.I. Leisure Fund, Invesco V.I. Capital Appreciation Fund and Invesco V.I. Capital Development Fund; and (ii) change the name of the following series portfolios: Invesco V.I. Basic Value Fund to Invesco Xxx Xxxxxx V.I. Value Opportunities Fund, Invesco V.I. Dividend Growth Fund to Invesco V.I. Diversified Dividend Fund, Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund to Invesco V.I. Equally Weighted S&P 500 Fund, Invesco Xxx Xxxxxx V.I. Global Value Equity Fund to Invesco V.I. Global Core Equity Fund, Invesco Xxx Xxxxxx V.I. Capital Growth Fund to Invesco Xxx Xxxxxx V.I. American Franchise Fund and Invesco Xxx Xxxxxx V.I. Mid Cap Value Fund to Invesco Xxx Xxxxxx V.I. American Value Fund;

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

“APPENDIX A
TO
FIRST AMENDED AND RESTATED
MASTER DISTRIBUTION AGREEMENT
OF
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

SERIES I SHARES		SERIES II SHARES
Invesco V.I. Balanced-Risk Allocation Fund		Invesco V.I. Balanced-Risk Allocation Fund
Invesco Xxx Xxxxxx V.I. Value Opportunities Fund		Invesco Xxx Xxxxxx V.I. Value Opportunities Fund
Invesco V.I. Core Equity Fund		Invesco V.I. Core Equity Fund
Invesco V.I. Diversified Income Fund		Invesco V.I. Diversified Income Fund
Invesco V.I. Global Health Care Fund		Invesco V.I. Global Health Care Fund
Invesco V.I. Global Real Estate Fund		Invesco V.I. Global Real Estate Fund
Invesco V.I. Government Securities Fund		Invesco V.I. Government Securities Fund
Invesco V.I. High Yield Fund		Invesco V.I. High Yield Fund
Invesco V.I. International Growth Fund		Invesco V.I. International Growth Fund
Invesco V.I. Mid Cap Core Equity Fund		Invesco V.I. Mid Cap Core Equity Fund
Invesco V.I. Money Market Fund		Invesco V.I. Money Market Fund
Invesco V.I. Small Cap Equity Fund		Invesco V.I. Small Cap Equity Fund
Invesco V.I. Technology Fund		Invesco V.I. Technology Fund
Invesco V.I. Utilities Fund		Invesco V.I. Utilities Fund
Invesco V.I. Diversified Dividend Fund		Invesco V.I. Dividend Growth Fund
Invesco V.I. High Yield Securities Fund		Invesco V.I. High Yield Securities Fund
Invesco V.I. S&P 500 Index Fund		Invesco V.I. S&P 500 Index Fund
Invesco V.I. Equally Weighted S&P 500 Fund		Invesco V.I. Equally Weighted S&P 500 Fund
Invesco Xxx Xxxxxx V.I. American Franchise Fund		Invesco Xxx Xxxxxx V.I. American Franchise Fund
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund		Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund
Invesco Xxx Xxxxxx V.I. Equity and Income Fund		Invesco Xxx Xxxxxx V.I. Equity and Income Fund
Invesco V.I. Global Core Equity Fund		Invesco V.I. Global Core Equity Fund

SERIES I SHARES		SERIES II SHARES
Invesco Xxx Xxxxxx V.I. Growth and Income Fund		Invesco Xxx Xxxxxx V.I. Growth and Income Fund
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund		Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund
Invesco Xxx Xxxxxx V.I. American Value Fund		Invesco Xxx Xxxxxx V.I. American Value Fund”

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

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

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