<PAGE> 1
AIM EQUITY FUNDS, INC.
AIM AGGRESSIVE GROWTH FUND
SUPPLEMENT DATED JULY 19, 1995
TO THE PROSPECTUS DATED JUNE 15, 1995
AS REVISED JULY 3, 1995 AND AS
SUPPLEMENTED JULY 17, 1995 AND JULY 18, 1995
THIS SUPPLEMENT REPLACES IN ITS ENTIRETY THE "SUPPLEMENT DATED JULY 18,
1995 TO THE PROSPECTUS DATED JUNE 15, 1995 AS REVISED JULY 3, 1995 AND AS
SUPPLEMENTED JULY 17, 1995."
Effective as of the close of business July 18, 1995, AIM Aggressive Growth
Fund (the "Fund") closed to new investors. New account purchase orders were not
accepted after such date except those postmarked on or before July 18, 1995.
The Fund has reached a size in assets under management where, due to the
limited size of the market of common stocks of small capitalized companies, it
will be increasingly difficult to satisfy its investment objectives and
guidelines, if the Fund continues to accept new investors.
The Fund may resume sales of its shares to new investors at some future
date if the Board of Directors determines that it would be in the best interests
of shareholders.
Since it will take A I M Advisors, Inc. (the "Advisor") time to invest the
proceeds of the Fund's temporary offering of the Fund's shares to new investors,
the Advisor will temporarily waive its advisory fee during the period July 18,
1995 through August 31, 1995, on assets over $1.1 billion, which was the
approximate value of the Fund's net assets prior to the temporary reopening.
