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INSTITUTIONAL CLASSES OF
AIM CHARTER FUND
AIM WEINGARTEN FUND
AIM CONSTELLATION FUND
(Series Portfolios of
AIM EQUITY FUNDS, INC.)
Supplement dated November 5, 1996 to the
Statement of Additional Information
dated January 2, 1996
as supplemented June 27, 1996
This Supplement replaces in its entirety the "Supplement dated November 5, 1996
to the Statement of Additional Information dated January 2, 1996 as
supplemented June 27, 1996."
The paragraph under the caption "MANAGEMENT - Legal Matters" on page 10 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, A I M Advisors, Inc., A I M Distributors, Inc., 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."
