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AIM EQUITY FUNDS, INC.
INSTITUTIONAL CLASSES
AIM CHARTER FUND
AIM WEINGARTEN FUND
AIM CONSTELLATION FUND
Supplement dated June 27, 1996
to the Prospectus dated January 2, 1996
as supplemented April 1, 1996
The following paragraph is added as the seventh full paragraph under
the caption "INVESTMENT PROGRAMS - Certain Investment Strategies and Policies"
on page 9:
"Securities Issued on a When-Issued or Delayed Delivery Basis. Each
Fund may purchase securities on a "when-issued" basis, that is,
delivery of and payment for the securities is not fixed at the date of
purchase, but is set after the securities are issued (normally within
forty-five days after the date of the transaction). Each Fund also
may purchase or sell securities on a delayed delivery basis. The
payment obligation and the interest rate that will be received on the
delayed delivery securities are fixed at the time the buyer enters
into the commitment. A Fund will only make commitments to purchase
when-issued or delayed delivery securities with the intention of
actually acquiring such securities, but the Fund may sell these
securities before the settlement date if it is deemed advisable. For
further information regarding securities issued on a when-issued or
delayed delivery basis see the caption "Investment Program and
Restrictions" in the Statement of Additional Information."
