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RETAIL CLASSES OF
AIM BLUE CHIP FUND
AIM CHARTER FUND
AIM WEINGARTEN FUND
AIM CONSTELLATION FUND
AIM AGGRESSIVE GROWTH FUND
AIM CAPITAL DEVELOPMENT FUND
(Series Portfolios of AIM EQUITY FUNDS, INC.)
Supplement dated June 27, 1996 to the
Statement of Additional Information
dated June 3, 1996
The following paragraph is added as the twenty-eighth paragraph under
the caption "INVESTMENT OBJECTIVES AND POLICIES" on page 17:
"Securities Issued on a When-Issued or Delayed Delivery Basis
Investment in securities on a when-issued or delayed delivery
basis may increase a Fund's exposure to market fluctuation and may
increase the possibility that the Fund will incur short-term gains
subject to federal taxation or short-term losses if the Fund must
engage in portfolio transactions in order to honor a when-issued or
delayed delivery commitment. In a delayed delivery transaction, the
Fund relies on the other party to complete the transaction. If the
transaction is not completed, the Fund may miss a price or yield
considered to be advantageous. A Fund will employ techniques designed
to reduce such risks. If a Fund purchases a when-issued security, the
Fund's custodian bank will segregate cash or other high grade
securities (including temporary investments and Municipal Securities)
in an amount equal to the when-issued commitment. If the market value
of such securities declines, additional cash or securities will be
segregated on a daily basis so that the market value of the segregated
assets will equal the amount of the Fund's when-issued commitments.
To the extent cash and securities are segregated, they will not be
available for new investments or to meet redemptions. Securities
purchased on a delayed delivery basis may require a similar
segregation of cash or other high grade securities."
