1
                                                                      EXHIBIT 16

                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ BRUCE L. CROCKETT
                                                 ----------------------
                                                     Bruce L. Crockett
   2
                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ OWEN DALY
                                                 ----------------------
                                                     Owen Daly
   3
                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ PREMA MATHAI-DAVIS
                                                 ----------------------
                                                     Prema Mathai-Davis
   4
                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ EDWARD K. DUNN, JR.
                                                 ----------------------
                                                     Edward K. Dunn, Jr.
   5
                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ JACK FIELDS
                                                 ----------------------
                                                     Jack Fields
   6
                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ CARL FRISCHLING
                                                 ----------------------
                                                     Carl Frischling
   7
                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ LEWIS F. PENNOCK
                                                 ----------------------
                                                     Lewis F. Pennock
   8
                               POWER OF ATTORNEY

           KNOW ALL MEN BY THESE PRESENTS, that the undersigned constitutes and
appoints Robert H. Graham or Carol F. Relihan, and each of them, his true and
lawful attorneys-in-fact and agents, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all his
capacities as a director or officer of AIM Variable Insurance Funds, Inc., a
Maryland corporation, to sign on his or its behalf any and all Registration
Statements (including any pre-effective amendments to Registration Statements)
under the Securities Act of 1933, the Investment Company Act of 1940 and any
amendments and supplements thereto and applications thereunder, and to file the
same, with all exhibits thereto, and other documents in connection therewith,
with the Securities and Exchange Commission, granting unto said
attorneys-in-fact and agents, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises, and fully as to all intents and purposes as he might or
could do in person, hereby ratifying and confirming all that said
attorneys-in-fact and agents, and each of them, may lawfully do or cause to be
done by virtue hereof.

           DATED this 25th day of June, 1999.



                                                 /s/ LOUIS S. SKLAR
                                                 ----------------------
                                                     Louis S. Sklar