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RETAIL CLASS OF AIM EQUITY FUNDS, INC.
AIM BLUE CHIP FUND
Supplement dated June 27, 1996
to the Prospectus dated June 3, 1996
The following paragraph is added as the eighth full paragraph under
the caption "INVESTMENT PROGRAM - Certain Investment Strategies and Policies"
on page 8:
"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 when-issued or
delayed delivery basis see the caption "Investment Objectives and
Policies" in the Statement of Additional Information."
