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RETAIL CLASSES OF
AIM CHARTER FUND
AIM WEINGARTEN FUND
AIM CONSTELLATION FUND
(SERIES PORTFOLIOS OF
AIM EQUITY FUNDS, INC.)
Supplement dated November 17, 1995 to the
Prospectus dated June 15, 1995, as revised October 11, 1995
The second and third sentences of the paragraph under the caption "Exchange
Privilege" on page 3 of the Prospectus are deleted and replaced by the
following:
"Class A and Class B shares of the Funds may be exchanged for shares
of other funds in The AIM Family of Funds in the manner and subject
to the policies and charges set forth herein."
The fifth sentence of the second paragraph under the caption "How to Purchase
Shares - How to Open an Account" on page A-1 of the Prospectus is revised to
read in its entirety as follows:
"The minimum initial investment for an IRA account is $250."
The sections under "Table of Fees and Expenses" (page 4), "Sales Charges and
Dealer Concessions - Group I" and "-Group II," (page A-3), are revised to
reflect that there is no initial sales charge on purchases of $1 million or
more, but that such purchases are subject to a contingent deferred sales
charge of 1% if shares are redeemed prior to 18 months from the date of
purchase.
The following new sentence is added at the end of the third paragraph under the
caption "Sales Charges and Dealer Concessions - All Groups of AIM Funds" on
page A-4 of the Prospectus:
"AIM Distributors may make payments to dealers and institutions who are
dealers of record for purchases of $1 million or more of shares which
normally involve payment of initial sales charges, and which are sold
at net asset value and are not subject to a contingent deferred sales
charge, in an amount up to .10% of such purchases of shares of AIM
LIMITED MATURITY TREASURY SHARES, and in an amount up to .25% of such
purchases of shares of AIM TAX-FREE INTERMEDIATE SHARES."
The fourth sentence of the paragraph under the caption "Reductions in Initial
Sales Charges - Automatic Dividend Investment Plan" on page A-9 of the
Prospectus is revised to read in its entirety as follows:
"In order to qualify to have dividends and distributions of one AIM Fund
invested in shares of another AIM Fund, the following conditions must be
satisfied: (a) the shareholder must have an account balance in the
dividend paying fund of at least $5,000; (b) the account must be held
in the name of the shareholder (i.e., the account may not be held in
nominee name); and (c) the shareholder must have requested and
completed an authorization relating to the reinvestment of dividends
into another AIM Fund."
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The sixth sentence of the paragraph under the caption "Reductions in Initial
Sales Charges - Automatic Dividend Investment Plan" on page A-9 of the
Prospectus is revised to read in its entirety as follows:
"An AIM Fund will waive the $5,000 minimum account value requirement if
the shareholder has an account in the fund selected to receive the
dividends and distributions with a value of at least $500."
The discussions regarding exchanges involving dollar cost averaging under the
captions "Special Information Relating to Multiple Class Funds - Class A
Shares" on page A-5 and "Reductions in Initial Sales Charges - Dollar Cost
Averaging" on page A-9 of the Prospectus are revised to reflect that the
exchange must otherwise meet the requirements described under the caption
"Exchange Privilege - Terms and Conditions of Exchanges."
The first sentence of the second paragraph under the caption "Exchange
Privilege - Terms and Conditions of Exchanges" on page A-10 of the Prospectus
is revised to read in its entirety as follows:
"Shares of any AIM Fund may be exchanged for shares of any other AIM
Fund, except that (i) Load Fund share purchases of $1 million or more
which are subject to a contingent deferred sales charge may not be
exchanged for Lower Load Funds or for AIM TAX-EXEMPT CASH FUND;
(ii) Lower Load Fund share purchases of $1 million or more and No Load
Fund purchases may be exchanged for Load Fund shares in amounts of
$1 million or more which will then be subject to a contingent deferred
sales charge; however, for purposes of calculating the contingent
deferred sales charge on the Load Fund shares acquired, the 18-month
period shall be computed from the date of such exchange;
(iii) Class A shares and shares of all other AIM Funds may not be
exchanged for Class B shares; (iv) Class B shares may be exchanged
only for Class B shares; and (v) Class C shares of AIM MONEY MARKET
FUND may not be exchanged for Class A shares of AIM MONEY MARKET FUND
or for Class B shares. For shares initially purchased prior to
November 20, 1995, these exchange conditions will apply effective
January 16, 1996."
The fifth sentence in the first paragraph under the caption "Exchange
Privilege - Terms and Conditions of Exchanges" on page A-10 and the
accompanying cross-reference are deleted in their entirety.
The first paragraph under the caption "How to Redeem Shares--Contingent
Deferred Sales Charge Program for Large Purchases" (page A-13) is revised to
read in its entirety as follows:
"Except for purchases of Class B shares of a Multiple Class Fund and
purchases of shares of the No Load Funds and Lower Load Funds, a
contingent deferred sales charge of 1% applies to purchases of
$1,000,000 or more that are redeemed within 18 months of the date of
purchase. For a description of the AIM Funds participating in this
program, see "Terms and Conditions of Purchase of the AIM Funds--Sales
Charges and Dealer Concessions." This charge will be 1% of the lesser of
the value of the shares redeemed (excluding reinvested dividends and
capital gain distributions) or the total original cost of such shares.
In determining whether a contingent deferred sales charge is payable,
and the amount of any such charge, shares not subject to the contingent
deferred sales charge are redeemed first (including shares purchased by
reinvested dividends and capital gains distributions and amounts
representing increases from capital appreciation), and then other shares
are redeemed in the order of purchase. No such charge will be imposed
upon exchanges unless the shares acquired by exchange are redeemed
within 18 months of the date the shares were originally purchased. For
purposes of computing this 18-month period (i) shares of any Load Fund
or Class C shares of AIM MONEY MARKET FUND which were acquired through
an exchange of shares which previously were subject to the 1% contingent
deferred sales charge will be credited with the period of time such
exchanged shares were held, and (ii) shares of any Load Fund which are
subject to the 1% contingent deferred sales charge and which were
acquired through an exchange of shares of a Lower Load Fund or a No Load
Fund which previously were not subject to the 1% contingent deferred
sales charge will not be credited with the period of time such exchanged
shares were held. The charge will be waived in the following
circumstances:"
