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RETAIL CLASS OF AIM EQUITY FUNDS, INC.
AIM AGGRESSIVE GROWTH 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 PROGRAM - Certain Investment Strategies and Policies"
on page 7:
"Securities Issued on a When-Issued or Delayed Delivery Basis. The
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). The 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. The 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 Objectives and
Policies" in the Statement of Additional Information."
The third definition of "purchaser" under the caption "Reductions in
Initial Sales Charges" on page A-6 is revised by deleting the following words:
", SEP, Salary Reduction and other Elective Simplified Employee
Pension accounts ("SARSEP")"
The following paragraph is added as the fourth definition of
"purchaser" under the caption "Reductions in Initial Sales Charges" on page
A-6:
"o a Simplified Employee Pension ("SEP"), Salary Reduction and
other Elective Simplified Employee Pension account ("SARSEP")
where the employer has notified AIM Distributors in writing
that all of its related employee SEP or SARSEP accounts should
be linked;"
