SUB-ITEM 77Q1(e)
AMENDMENT NO. 5
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of April 30, 2004, 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 add AIM V.I.
Real Estate Fund, 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 and INVESCO VIF -
Utilities Fund, and to remove AIM V.I. Global Utilities Fund and AIM V.I. New
Technology 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
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. Dent Demographic Trends Fund May 1, 2000
AIM V.I. Diversified Income 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. Large Cap Growth Fund September 1, 2003
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
INVESCO VIF - Core Equity Fund April 30, 2004
INVESCO VIF - Dynamics Fund April 30, 2004
INVESCO VIF - Financial Services Fund April 30, 2004
INVESCO VIF - Health Sciences Fund April 30, 2004
INVESCO VIF - Leisure Fund April 30, 2004
INVESCO VIF - Small Company Growth Fund April 30, 2004
INVESCO VIF - Technology Fund April 30, 2004
INVESCO VIF - Total Return Fund April 30, 2004
INVESCO VIF - Utilities Fund April 30, 2004
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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. 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. 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%
Over $1.5 billion.................................................. 0.65%
3
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. 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%
4
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%
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%
5
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: April 30, 2004
AIM VARIABLE INSURANCE FUNDS
Attest: /s/ Xxxx X. Xxxx By: /s/ Xxxxxx X. Xxxxxx
------------------------------ ----------------------------
Assistant Secretary President
(SEAL)
A I M ADVISORS, INC.
Attest: /s/ Xxxx X. Xxxx By: Xxxx X. Xxxxxx
------------------------------ ----------------------------
Assistant Secretary Senior Vice President
(SEAL)
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