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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 November 5, 1996 to the
Statement of Additional Information
dated September 23, 1996
This Supplement replaces in its entirety the "Supplement dated November 5, 1996
to the Statement of Additional Information dated September 23, 1996."
The paragraph under the caption "MISCELLANEOUS - Legal Matters" on page 47 is
revised to read in its entirety as follows:
"The validity of the issuance of the shares of common stock offered hereby
is being passed upon by Ballard Spahr Andrews & Ingersoll, 1735 Market
Street, Philadelphia, Pennsylvania.
On October 25, 1996 a shareholder of Aggressive Growth filed a lawsuit in
United States District Court, Southern District of Texas, against the
Company, AIM, AIM Distributors, the directors and certain officers of
Aggressive Growth, and the portfolio managers of Aggressive Growth. The
action was instituted under Section 36(b) of the Investment Company Act of
1940 and seeks to recover damages allegedly suffered by Aggressive Growth
in connection with fees paid for marketing and shareholder services after
Aggressive Growth was closed to new investors."
