Need info reg interface IP used as VIP in VRRP

Hi all,
 
Can anyone explain how the behavior of VRRP is when interface ip is
configured as a VIP?
 
In particular, I need this scenario. 
 
    * Router A and router B exist with VRRP configured in them.
    
    * VR ID is 1 & VIP is interface ip address of A in both routers A
and B and hence A is Master with priority 255 & B is Backup.
    
    * Through object tracking, priority of A is reduced from 255 (say
the case being another interface in router A going down & by tracking,
the priority of VR 1 in router A goes down).
 
    *  In this case, will A be preempted by B and thus will B become the
master of the VIP which is the same as one of the interface ip addresses
of router A? Or will A continue to remain the Master as the VIP is its
interface IP address?
 
Thanks,
Ramya

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