AMENDMENT NO. 5

TO FOURTH AMENDED AND RESTATED

AGREEMENT AND DECLARATION OF TRUST OF

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

This Amendment No. 5 (the “Amendment”) to the Fourth Amended and Restated Agreement and Declaration of Trust of AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (the “Trust”) amends, effective April 30, 2021, the Fourth Amended and Restated Agreement and Declaration of Trust of the Trust dated as of April 11, 2017, as amended (the “Agreement”).

Under Section 9.7 of the Agreement, this Amendment may be executed by a duly authorized officer of the Trust.

WHEREAS, the Trust desires to amend the Agreement to change the following Funds’ names:

FUND NAME	NEW FUND NAME
Invesco Oppenheimer V.I. Capital Appreciation Fund	Invesco V.I. Capital Appreciation Fund
Invesco Oppenheimer V.I. Conservative Balanced Fund	Invesco V.I. Conservative Balanced Fund
Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund	Invesco V.I. Discovery Mid Cap Growth Fund
Invesco Oppenheimer V.I. Global Fund	Invesco V.I. Global Fund
Invesco Oppenheimer V.I. Global Strategic Income Fund	Invesco V.I. Global Strategic Income Fund
Invesco Oppenheimer V.I. Main Street Fund	Invesco V.I. Main Street Fund
Invesco Oppenheimer V.I Main Street Small Cap Fund	Invesco V.I. Main Street Small Cap Fund
Invesco Oppenheimer V.I. Government Money Fund	Invesco V.I. U.S. Government Money Portfolio
Invesco Oppenheimer V.I. Total Return Bond Fund	Invesco V.I. Core Bond Fund;

NOW, THEREFORE, the Agreement is hereby amended as follows:

1. Schedule A of the Agreement is hereby amended and restated to read in its entirety as set forth on Exhibit 1 to this Amendment.

2. All references in the Agreement to “this Agreement” shall mean the Agreement as amended by this Amendment.

3. Except as specifically amended by this Amendment, the Agreement is hereby confirmed and remains in full force and effect.

IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the Trust, has executed this Amendment as of June 3, 2020.

By:	/s/ Jeffrey H. Kupor
Names:	Jeffrey H. Kupor
Title:	Secretary, Senior Vice President and Chief Legal Officer

EXHIBIT 1

“SCHEDULE A

AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

PORTFOLIOS AND CLASSES THEREOF

PORTFOLIO	CLASSES OF EACH PORTFOLIO
Invesco V.I. American Franchise Fund	Series I Shares
	Series II Shares
Invesco V.I. American Value Fund	Series I Shares
	Series II Shares
Invesco V.I. Balanced-Risk Allocation Fund	Series I Shares
	Series II Shares
Invesco V.I. Capital Appreciation Fund	Series I Shares
	Series II Shares
Invesco V.I. Conservative Balanced Fund	Series I Shares
	Series II Shares
Invesco V.I. Core Bond Fund	Series I Shares
	Series II Shares
Invesco V.I. Core Plus Bond Fund	Series I Shares
	Series II Shares
Invesco V.I. Discovery Mid Cap Growth Fund	Series I Shares
	Series II Shares
Invesco V.I. Diversified Dividend Fund	Series I Shares
	Series II Shares
Invesco V.I. Equity and Income Fund	Series I Shares
	Series II Shares
Invesco V.I. Equally-Weighted S&P 500 Fund	Series I Shares
	Series II Shares
Invesco V.I. Global Fund	Series I Shares
	Series II Shares
Invesco V.I. Global Core Equity Fund	Series I Shares
	Series II Shares
Invesco V.I. Global Real Estate Fund	Series I Shares
	Series II Shares
Invesco V.I. Government Money Market Fund	Series I Shares
	Series II Shares
Invesco V.I. Government Securities Fund	Series I Shares
	Series II Shares

PORTFOLIO	CLASSES OF EACH PORTFOLIO
Invesco V.I. Growth and Income Fund	Series I Shares
	Series II Shares
Invesco V.I. Global Strategic Income Fund	Series I Shares
	Series II Shares
Invesco V.I. Health Care Fund	Series I Shares
	Series II Shares
Invesco V.I. High Yield Fund	Series I Shares
	Series II Shares
Invesco V.I. International Growth Fund	Series I Shares
	Series II Shares
Invesco V.I. Main Street Fund®	Series I Shares
	Series II Shares
Invesco V.I. Main Street Small Cap Fund®	Series I Shares
	Series II Shares
Invesco V.I. Managed Volatility Fund	Series I Shares
	Series II Shares
Invesco V.I. Mid Cap Core Equity Fund	Series I Shares
	Series II Shares
Invesco Oppenheimer V.I. International Growth Fund	Series I Shares
	Series II Shares
Invesco V.I. S&P 500 Index Fund	Series I Shares
	Series II Shares
Invesco V.I. Small Cap Equity Fund	Series I Shares
	Series II Shares
Invesco V.I. Technology Fund	Series I Shares
	Series II Shares
Invesco V.I. U.S. Government Money Portfolio	Series I Shares
	Series II Shares
Invesco V.I. Value Opportunities Fund	Series I Shares
	Series II Shares”