AMENDMENT NO 1
TO
CUSTODY AGREEMENT
This Amendment No. 1 (the "Amendment") to that certain Custody
Agreement dated as of September 19, 2000 between AIM Variable Insurance Funds
(the "Fund") and The Bank of New York (the "Custodian") (hereinafter the
"Custody Agreement") is made as of May 31, 2005.
WITNESSETH:
WHEREAS, the Fund desires to execute an Agreement with ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇
Bank, N.A.;
NOW, THEREFORE, the Fund and the Custodian hereby amend the Custody
Agreement as follows:
1. Section 7 of Article XV is hereby renumbered Section 7(a).
2. A new Section 7(b) is hereby added to Article XV to read in its
entirety as follows:
"(b) Notwithstanding any other provision in this Agreement, the
Fund shall appoint ▇▇ ▇▇▇▇▇▇ Chase Bank, N.A. (the "Bank") by
executing the form of Agreement attached hereto (the "Agreement"). The
Fund agrees that notwithstanding any other provision in this
Agreement: (1) the Custodian shall have no duty to supervise or
monitor the Bank under the Agreement, nor shall the Custodian have any
liability for the acts or omissions of the Bank, for its appointment,
or for its receiving, holding, or disbursing any assets; and (2)
without limiting the generality of the foregoing, the Fund shall
indemnify and hold harmless the Custodian from and against any loss,
liability, claim, expense or demand incurred by the Custodian relating
to or arising out of the Agreement or the appointment or actions or
omissions of the Bank. The provisions of this Section 7(b) shall
survive any resignation of the Custodian or the terms of this
Agreement."
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No.
1 to be executed by their respective officers, thereof to duly authorize as of
the day and year first above written.
AIM VARIABLE INSURANCE FUNDS
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Vice President & Fund Treasurer
THE BANK OF NEW YORK
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Managing Director
Attest:
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(seal)
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