<PAGE> 1
AIM EQUITY FUNDS, INC.
AIM AGGRESSIVE GROWTH FUND
SUPPLEMENT DATED JULY 17, 1995
TO THE PROSPECTUS DATED JUNE 15, 1995
AS REVISED JULY 3, 1995
Effective as of the close of business July 21, 1995, AIM Aggressive Growth
Fund (the "Fund") will be closed to new investors. New account purchase orders
will not be accepted after such date except those postmarked on or before July
21, 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.
