AMENDMENT NO. 11
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This amendment dated as of June 12, 2006, 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.
WITNESSETH:
WHEREAS, the parties desire to amend the Agreement to remove AIM V.I. Blue
Chip Fund.
NOW, THEREFORE, the parties agree as follows:
1. Appendix A and Appendix B to the Agreement is hereby deleted in its
entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------ ------------------------------------
AIM V.I. Basic Balanced Fund May 1, 2000
AIM V.I. Basic Value Fund September 10, 2001
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. Demographic Trends Fund May 1, 2000
AIM V.I. Diversified Dividend Fund May 1, 2006
AIM V.I. Diversified Income Fund May 1, 2000
AIM V.I. Dynamics Fund April 30, 2004
AIM V.I. Financial Services Fund April 30, 2004
AIM V.I. Global Equity Fund May 1, 2006
AIM V.I. Global Health Care Fund April 30, 2004
AIM V.I. Government Securities Fund May 1, 2000
AIM V.I. High Yield Fund May 1, 2000
AIM V.I. International Core Equity Fund May 1, 2006
AIM V.I. International Growth Fund May 1, 2000
AIM V.I. Large Cap Growth Fund September 1, 2003
AIM ▇.▇. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇
AIM V.I. Mid Cap Core Equity Fund September 10, 2001
AIM V.I. Money Market Fund May 1, 2000
AIM V.I. Real Estate Fund April 30, 2004
AIM V.I. Small Cap Equity Fund September 1, 2003
AIM V.I. Small Company Growth Fund April 30, 2004
AIM V.I. Technology Fund April 30, 2004
AIM V.I. Utilities Fund April 30, ▇▇▇▇
▇▇▇▇▇▇▇▇ ▇
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. BASIC 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%
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
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million... 0.65%
Over $250 million.... 0.60%
AIM V.I. DYNAMICS FUND
AIM V.I. FINANCIAL SERVICES FUND
AIM V.I. GLOBAL HEALTH CARE FUND
AIM V.I. LEISURE FUND
AIM V.I. SMALL COMPANY GROWTH FUND
AIM V.I. TECHNOLOGY FUND
ANNUAL RATE
-----------
All Assets........... 0.75%
AIM V.I. DEMOGRAPHIC TRENDS FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $2 billion..... 0.77%
Over $2 billion...... 0.72%
AIM V.I. DIVERSIFIED DIVIDEND FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million... 0.695%
Next $250 million.... 0.67%
Next $500 million.... 0.645%
Next $1.5 billion.... 0.62%
Next $2.5 billion.... 0.595%
Next $2.5 billion.... 0.57%
Next $2.5 billion.... 0.545%
Over $10 billion..... 0.52%
AIM V.I. DIVERSIFIED INCOME FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million... 0.60%
Over $250 million.... 0.55%
AIM V.I. GLOBAL EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million... 0.80%
Next $250 million.... 0.78%
Next $500 million.... 0.76%
Next $1.5 billion.... 0.74%
Next $2.5 billion.... 0.72%
Next $2.5 billion.... 0.70%
Next $2.5 billion.... 0.68%
Over $10 billion..... 0.66%
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 CORE EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $250 million... 0.935%
Next $250 million.... 0.91%
Next $500 million.... 0.885%
Next $1.5 billion.... 0.86%
Next $2.5 billion.... 0.835%
Next $2.5 billion.... 0.81%
Next $2.5 billion.... 0.785%
Over $10 billion..... 0.76%
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. REAL ESTATE FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets........... 0.90%
AIM V.I. SMALL CAP EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets........... 0.85%
AIM V.I. UTILITIES FUND
ANNUAL RATE
-----------
All Assets.............. 0.60%"
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: July 3, 2006
AIM VARIABLE INSURANCE FUNDS
Attest: By:
----------------------------- ------------------------------------
Assistant Secretary ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President
(SEAL)
A I M ADVISORS, INC.
Attest: By:
----------------------------- ------------------------------------
Assistant Secretary ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President
(SEAL)