AIM SERIES TRUST
497, 2000-06-21
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<PAGE>   1

                     CLASS A, CLASS B AND CLASS C SHARES OF

                             AIM GLOBAL TRENDS FUND

                         Supplement dated June 21, 2000
                      to the Prospectus dated May 1, 2000

The following replaces in its entirety the information appearing under the
heading "FUND MANAGEMENT - PORTFOLIO MANAGERS" on page 5 of the prospectus:

           "The advisor uses a team approach to investment management. The
           individual members of the team who are primarily responsible for the
           day-to-day management of the fund's portfolio are

           o    Monika H. Degan, Senior Portfolio Manager, who has been
                responsible for the fund since 2000 and has been associated with
                the advisor and/or its affiliates since 1995.

           o    A. Dale Griffin, III, Senior Portfolio Manager, who has been
                responsible for the fund since 2000 and has been associated
                with the advisor and/or its affiliates since 1989.

           o    Benjamin A. Hock, Jr., Portfolio Manager, who has been
                responsible for the fund since 2000 and has been associated
                with the advisor and/or its affiliates since 1999. From 1994 to
                1999, he was, among other offices, head of equity research at
                John Hancock Advisers, Inc.

           o    Jason T. Holzer, Portfolio Manager, who has been responsible
                for the fund since 2000 and has been associated with the
                advisor and/or its affiliates since 1996. From 1994 to 1996, he
                was an associate with JMB Realty.

           o    Derek S. Izuel, Portfolio Manager, who has been responsible for
                the fund since 1999 and has been associated with the advisor
                and/or its affiliates since 1997. From 1995 to 1997 he was a
                full time student at the University of Michigan.

           o    Clas G. Olsson, Senior Portfolio Manager, who has been
                responsible for the fund since 2000 and has been associated with
                the advisor and/or its affiliates since 1994.

           o    Jonathan C. Schoolar, Senior Portfolio Manager, who has been
                responsible for the fund since 2000 and has been associated
                with the advisor and/or its affiliates since 1986.

           o    Barrett K. Sides, Portfolio Manager, who has been responsible
                for the fund since 2000 and has been associated with the
                advisor and/or its affiliates since 1990."




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