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RETAIL CLASS OF AIM EQUITY FUNDS, INC.
AIM AGGRESSIVE GROWTH FUND
Supplement dated May 20, 1997
to the Prospectus dated January 15, 1997
as revised March 17, 1997
The Board of Directors of AIM Equity Funds, Inc. (the "Company") has
authorized the reopening of AIM Aggressive Growth Fund (the "Fund") to new
investors effective June 4, 1997 on the terms described in the Investor's
Guide, except that purchases by new investors, other than AIM employees,
will be subject to a minimum initial purchase amount of $5,000 per account
and a maximum purchase amount of $250,000 per account.
The Fund will cease acceptance of purchase orders for new accounts as
of the close of business on the day that total purchases, as measured from the
opening of business on June 4, 1997, and including purchases by shareholders
who had opened accounts prior to June 4, 1997, are anticipated to reach
approximately $500 million. New account purchase orders received by the Fund
after such date that are postmarked on or before such closing date will be
accepted by the Fund.
Shareholders who maintain an open account will be able to continue to
make investments in the Fund and reinvest any dividends and capital gains
distributions, as well as open additional accounts in the Fund under certain
conditions. If an account is closed, however, additional investments in the
Fund may not be possible. Not withstanding the right to reinstatement
described in the Investor's Guide, no shareholder of the Fund who redeems their
account in full would have the right of reinstatement. The Fund may resume
sales of its shares to new investors at some future date if the Board of
Directors determines that it would be in the best interests of the
shareholders. See "Closure of the Fund to New Investors" in the Prospectus for
additional information.
