AMENDMENT NO. 18 TO FIRST AMENDED AND RESTATED MASTER DISTRIBUTION AGREEMENT

AMENDMENT NO. 18
TO
FIRST AMENDED AND RESTATED
MASTER DISTRIBUTION AGREEMENT

          This amendment dated as of January 7, 2011, 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, is hereby amended to reflect the addition of the following portfolio: Invesco V.I. Balanced-Risk Allocation 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 V.I. Basic Balanced Fund		Invesco V.I. Basic Balanced Fund
Invesco V.I. Basic Value Fund		Invesco V.I. Basic Value Fund
Invesco V.I. Capital Appreciation Fund		Invesco V.I. Capital Appreciation Fund
Invesco V.I. Capital Development Fund		Invesco V.I. Capital Development 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. Dynamics Fund		Invesco V.I. Dynamics Fund
Invesco V.I. Financial Services Fund		Invesco V.I. Financial Services Fund
Invesco V.I. Global Health Care Fund		Invesco V.I. Global Health Care Fund
Invesco V.I. Global Multi-Asset Fund		Invesco V.I. Global Multi-Asset 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. Large Cap Growth Fund		Invesco V.I. Large Cap Growth Fund
Invesco V.I. Leisure Fund		Invesco V.I. Leisure 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. Dividend Growth Fund		Invesco V.I. Dividend Growth Fund
Invesco V.I. Global Dividend Growth Fund		Invesco V.I. Global Dividend Growth Fund
Invesco V.I. High Yield Securities Fund		Invesco V.I. High Yield Securities Fund
Invesco V.I. Income Builder Fund		Invesco V.I. Income Builder Fund
Invesco V.I. S&P 500 Index Fund		Invesco V.I. S&P 500 Index Fund
Invesco V.I. Select Dimensions Balanced Fund		Invesco V.I. Select Dimensions Balanced Fund
Invesco V.I. Select Dimensions Dividend Growth Fund		Invesco V.I. Select Dimensions Dividend Growth Fund
Invesco V.I. Select Dimensions Equally- Weighted		Invesco V.I. Select Dimensions Equally- Weighted

SERIES I SHARES		SERIES II SHARES
S&P 500 Fund		S&P 500 Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Capital Growth Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Capital Growth Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. ▇▇▇▇▇▇▇▇ Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. ▇▇▇▇▇▇▇▇ Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Equity and Income Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Equity and Income Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Global Tactical Asset Allocation Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Global Tactical Asset Allocation Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Global Value Equity Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Global Value Equity Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Government Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Government Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Growth and Income Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Growth and Income Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. High Yield Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. High Yield Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. International Growth Equity Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. International Growth Equity Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Mid Cap Growth Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Mid Cap Growth Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Mid Cap Value Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Mid Cap Value Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. Value Fund		Invesco ▇▇▇ ▇▇▇▇▇▇ V.I. 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/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇				By:		/s/ ▇▇▇▇ ▇. ▇▇▇▇
		Assistant Secretary						▇▇▇▇ ▇. ▇▇▇▇
								Senior Vice President
						INVESCO DISTRIBUTORS, INC.
Attest:		/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇				By:		/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇
		Assistant Secretary						▇▇▇▇ ▇. ▇▇▇▇▇▇
								President