SUB-ITEM 77Q1(e)
AMENDMENT NO. 3
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of May 1, 2002, amends the Master Investment
Advisory Agreement (the "Agreement"), dated May 1, 2000, between AIM Variable
Insurance Funds, a Delaware business 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 reflect the name
change of AIM V.I. Growth and Income Fund to AIM V.I. Core Equity Fund, AIM V.I.
International Equity Fund to AIM V.I. International Growth Fund, AIM V.I. Mid
Cap Equity Fund to AIM V.I. Mid Cap Core Equity Fund, and AIM V.I. Value Fund to
AIM V.I. Premier Equity Fund;
NOW, THEREFORE, the parties agree as follows:
1. Appendix A and Appendix B to the Agreement are hereby deleted in
their entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
NAME OF FUND EFFECTIVE DATE OF 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. Dent Demographic Trends Fund May 1, 2000
AIM V.I. Diversified Income Fund.... May 1, 2000
AIM V.I. Global Utilities Fund...... May 1, 2000
AIM V.I. Government Securities Fund. May 1, 2000
AIM V.I. Growth Fund ......... May 1, 2000
AIM V.I. High Yield Fund ......... May 1, 2000
AIM V.I. International Growth Fund.. May 1, 2000
AIM V.I. Mid Cap Core Equity Fund... September 10, 2001
AIM V.I. Money Market Fund ......... May 1, 2000
AIM V.I. New Technology Fund........ May 1, 2001
AIM V.I. Premier Equity Fund........ May 1, 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. CAPITAL APPRECIATION FUND
AIM V.I. GROWTH FUND
AIM V.I. CORE EQUITY FUND
AIM V.I. GLOBAL UTILITIES FUND
AIM V.I. PREMIER EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million.............................................. 0.65%
Over $250 million............................................... 0.60%
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
---------- -----------
First $500 million................................................ 0.725%
Next $500 million................................................. 0.700%
Next $500 million................................................. 0.675%
Excess 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. DENT DEMOGRAPHIC TRENDS FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $2 billion.................................................. 0.85%
Over $2 billion................................................... 0.80%
AIM V.I. DIVERSIFIED INCOME FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million................................................ 0.60%
Over $250 million................................................. 0.55%
AIM V.I. NEW TECHNOLOGY FUND
NET ASSETS ANNUAL RATE
---------- -----------
Average Daily Net Assets.......................................... 1.00%
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%
Amount over $1 billion............................................ 0.45%
3
AIM V.I. INTERNATIONAL GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million................................................ 0.75%
Over $250 million................................................. 0.70%
AIM V.I. MONEY MARKET FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million................................................ 0.40%
Over $250 million................................................. 0.35%"
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: May 1, 2002
AIM VARIABLE INSURANCE FUNDS
Attest: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
--------------------------- ---------------------------
Assistant Secretary President
(SEAL)
A I M ADVISORS, INC.
Attest: /s/ Xxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxx
-------------------------- ---------------------------
Assistant Secretary President
(SEAL)
4
