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AIM GLOBAL TRENDS FUND
ADVISOR CLASS SHARES
Supplement dated January 24, 2000
to the Prospectus dated August 27, 1999,
The following new paragraph is added after the fourth paragraph appearing under
the heading "PRINCIPAL RISKS OF INVESTING IN THE FUND" on page 2 of the
prospectus:
"The fund may participate in the initial public offering (IPO)
market. Because of the fund's small asset base, any investment the fund
may make in IPOs may significantly increase the fund's total returns. As
the fund's assets grow, the impact of IPO investments will decline, which
may reduce the fund's total returns."
The following paragraph replaces in its entirety the first paragraph appearing
under the heading "PERFORMANCE INFORMATION" on page 3 of the prospectus:
"The bar chart and table shown below provide an indication of the
risks of investing in the fund. The fund's past performance is not
necessarily an indication of its future performance. Total return
information in the bar chart and table below may be affected by special
market factors, including the fund's investment in initial public
offerings, which may have a magnified impact on the fund due to its small
asset base. There is no guarantee that, as the fund's assets grow, it will
continue to experience substantially similar performance."
The following new paragraph is added after the third paragraph appearing under
the heading "FINANCIAL HIGHLIGHTS" on page 6 of the prospectus:
"Total return information in this table may be affected by special
market factors, including the fund's investment in initial public
offerings, which may have a magnified impact on the fund due to its small
asset base. There is no guarantee that, as the fund's assets grow, it will
continue to experience substantially similar performance."