ALLIANZ VARIABLE INSURANCE PRODUCTS FUND OF FUNDS TRUST
                         SUPPLEMENT DATED JUNE 27, 2007,
            TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
                DATED MAY 1, 2007, AS SUPPLEMENTED JUNE 20, 2007

              THIS SUPPLEMENT UPDATES CERTAIN INFORMATION CONTAINED
            IN THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
                  AND SHOULD BE ATTACHED TO THE PROSPECTUS AND
              STATEMENT OF ADDITIONAL INFORMATION AND RETAINED FOR
                               FUTURE REFERENCE.


THE FOLLOWING PARAGRAPH IS INSERTED ON PAGE 2 OF THE PROSPECTUS AFTER THE SECOND
PARAGRAPH UNDER THE HEADING "PRINCIPAL INVESTMENT STRATEGIES":

     In addition to investing in the Permitted Underlying Funds, the Manager may
     also use a tactical asset allocation overlay strategy in managing the
     Funds. Most of the Permitted Underlying Funds use conventional security
     selection techniques to implement their various investment strategies. By
     contrast, the tactical asset allocation overlay strategy makes investments
     in broad market segments based on the views of an investment manager
     concerning macroeconomic trends in the domestic and foreign securities
     markets. The tactical asset allocation overlay strategy is intended to
     enhance long-term returns by using derivative instruments, including, but
     not limited to, equity futures, fixed income futures, and forward currency
     contracts. Through the tactical asset allocation overlay strategy, the
     Funds seek to profit from short- and medium-term market moves by shifting
     their investment weightings among domestic and foreign equity, bond, and
     currency markets. The Funds pursue this strategy by investing in
     unregistered investment pools that are not Permitted Underlying Funds and
     that are managed by other investment managers. Investing in these
     investment pools creates within each of the Funds exposure to equity, bond,
     and currency positions intended to generate positive returns for the Funds.
     However, there can be no guarantee that such results will be achieved.
     Generally, the tactical asset allocation overlay strategy will utilize
     approximately 5% of the net assets of each of the Funds. Depending upon
     market conditions, cash flows, and other considerations, the amount of net
     assets allocated to the tactical asset allocation overlay strategy may be
     higher or lower.

THE FOLLOWING PARAGRAPH IS INSERTED ON PAGE 8 OF THE PROSPECTUS IMMEDIATELY
FOLLOWING THE PARAGRAPH DESCRIBING ASSET CLASS SPECIFIC RISK:

     o DERIVATIVES RISK: The Funds may invest in unregistered investment pools
       that may, in turn, invest in derivative instruments such as futures,
       options, and options on futures. Derivatives can increase share price
       volatility and those that involve leverage could magnify losses. Certain
       types of derivatives involve costs to the Fund that can reduce returns.
       The other party to a derivatives contract could default.

OTHER REFERENCES THROUGHOUT THE PROSPECTUS AND STATEMENT OF ADDITIONAL
INFORMATION TO THE FUNDS' INVESTMENTS ARE HEREBY REVISED TO REFLECT THE FACT
THAT IN ADDITION TO THE PERMITTED UNDERLYING FUNDS, THE FUNDS MAY ALSO INVEST IN
OTHER SECURITIES, INCLUDING UNREGISTERED INVESTMENT POOLS.


--------------------------------------------------------------------------------
THE PROSPECTUS IS REVISED TO DISCLOSE THAT THE WRITTEN CONTRACT BETWEEN THE
FUNDS AND THE MANAGER LIMITING OPERATING EXPENSES IS EFFECTIVE THROUGH AT LEAST
MAY 1, 2008.

THE PARAGRAPH IMMEDIATELY FOLLOWING THE HEADING "MANAGEMENT" ON PAGE 12 OF THE
PROSPECTUS IS REPLACED WITH THE FOLLOWING:

     Each Fund pays a monthly management fee to the Manager based on a stated
     percentage of the Fund's average daily net asset value. The Manager and the
     Funds have entered into a written contract limiting operating expenses
     (excluding certain Fund expenses including, but not limited to, any taxes,
     interest, brokerage fees or extraordinary expenses) from exceeding 0.30%
     through at least May 1, 2008.



                                                                   FOF-002-0507