EX-99.D1.H 8 h22728exv99wd1wh.txt AMEND.NO.7 TO MASTER INVESTMENT ADVISORY AGREEMENT AMENDMENT NO. 7 TO MASTER INVESTMENT ADVISORY AGREEMENT This amendment dated as of October 15, 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 rename each INVESCO Fund by replacing "INVESCO VIF -" with "AIM V.I." and further to change the name of the INVESCO VIF - Core Equity Fund to the AIM V.I. Core Stock 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
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. Core Stock Fund April 30, 2004 AIM V.I. Dent Demographic Trends Fund May 1, 2000 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. Government Securities Fund May 1, 2000 AIM V.I. Growth Fund May 1, 2000 AIM V.I. Health Sciences Fund April 30, 2004 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. Leisure Fund April 30, 2004 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 AIM V.I. Small Company Growth Fund April 30, 2004 AIM V.I. Technology Fund April 30, 2004 AIM V.I. Total Return Fund April 30, 2004 AIM V.I. Utilities Fund April 30, 2004
1 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%
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%
2 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. CORE STOCK FUND AIM V.I. DYNAMICS FUND AIM V.I. FINANCIAL SERVICES FUND AIM V.I. HEALTH SCIENCES FUND AIM V.I. LEISURE FUND AIM V.I. SMALL COMPANY GROWTH FUND AIM V.I. TECHNOLOGY FUND AIM V.I. TOTAL RETURN FUND
ANNUAL RATE ----------- All Assets....................................................................................... 0.75%
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%
AIM V.I. GOVERNMENT SECURITIES FUND
NET ASSETS ANNUAL RATE ---------- ----------- First $250 million............................................................................... 0.50% Over $250 million................................................................................ 0.45%
3 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. REAL ESTATE FUND
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. 4 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers on the date first written above. Date: October 15, 2004 AIM VARIABLE INSURANCE FUNDS Attest: /s/ Lisa Moss By:/s/ Robert H. Graham -------------------------- ----------------------- Assistant Secretary Robert H. Graham President (SEAL) A I M ADVISORS, INC. Attest: /s/ Lisa Moss By: /s/ Mark H. Williamson ----------------------- ----------------------- Assistant Secretary Mark H. Williamson President (SEAL) 5