AIM EQUITY FUNDS INC
497, 1995-09-20
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                              Retail Classes of
                                      
                          AIM AGGRESSIVE GROWTH FUND
                                      
                               AIM CHARTER FUND
                                      
                             AIM WEINGARTEN FUND
                                      
                            AIM CONSTELLATION FUND
                                      
                            (Series Portfolios of
                           AIM EQUITY FUNDS, INC.)
                                      
                                      
                    Supplement dated September  20,  1995
                  to the Statement of Additional Information
                 dated June 15, 1995, as revised July 3, 1995



         The  fourth paragraph on page 4 is revised to read in its entirety as
follows:

         "From time to time, Fund sales literature and/or advertisements may
disclose (i) top holdings included in the Fund's portfolio, (ii) certain
selling group members and/or (iii) certain institutional shareholders."


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