AMENDMENT NO. 6 TO MASTER INVESTMENT ADVISORY AGREEMENT
AMENDMENT NO. 6
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of July 1, 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 reduce the advisory
fee for the AIM V.I. Dent Demographic Trends Fund;
NOW, THEREFORE, the parties agree as follows:
1. Appendix B to the Agreement is hereby deleted in its entirety and
replaced with the following:
"APPENDIX B
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%
1
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%
Over $1.5 billion.................................................................................... 0.65%
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. 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%
2
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%
AIM V.I. SMALL CAP EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets....................................................................................... 0.85%
3
INVESCO VIF - UTILITIES FUND
ANNUAL RATE
-----------
All Assets....................................................................................... 0.60%
INVESCO VIF - CORE EQUITY FUND
INVESCO VIF - DYNAMICS FUND
INVESCO VIF - FINANCIAL SERVICES FUND
INVESCO VIF - HEALTH SCIENCES FUND
INVESCO VIF - LEISURE FUND
INVESCO VIF - SMALL COMPANY GROWTH FUND
INVESCO VIF - TECHNOLOGY FUND
INVESCO VIF - TOTAL RETURN FUND
ANNUAL RATE
-----------
All Assets....................................................................................... 0.75%
AIM V.I. REAL ESTATE FUND
ANNUAL RATE
-----------
All Assets....................................................................................... 0.90%"
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: June 24, 2004
AIM VARIABLE INSURANCE FUNDS
Attest: /s/ Xxxx Xxxx By: /s/ Xxxxxx X. Xxxxxx
-------------------- ------------------------
Assistant Secretary President
(SEAL)
A I M ADVISORS, INC.
Attest: /s/ Xxxx Xxxx By: /s/ Xxxx X. Xxxxxxxxxx
------------------- --------------------------
Assistant Secretary Senior Vice President
(SEAL)
4
