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RETAIL CLASSES OF AIM EQUITY FUNDS, INC.
AIM CHARTER FUND
AIM WEINGARTEN FUND
AIM CONSTELLATION FUND
Supplement dated February 5, 1998
to the Prospectus dated November 3, 1997
The second and third paragraphs on page 17 under the caption
"Management -- Portfolio Managers" is deleted and replaced in its entirety by
the following:
"Lanny H. Sachnowitz and Brant H. DeMuth are primarily responsible for
the day-to-day management of CHARTER. Mr. Sachnowitz is Vice President of AIM
Capital and has been responsible for the Fund since 1991. He has been associated
with AIM and/or its subsidiaries since he began working as an investment
professional in 1987. Mr. DeMuth has been responsible for the Fund since 1998.
He has been associated with AIM and/or its subsidiaries since 1996 and became an
investment professional in 1987. Prior to 1996, Mr. DeMuth was a portfolio
manager for the Colorado Public Employee Retirement Association.
Jonathan C. Schoolar, Robert M. Kippes, David P. Barnard and Monika H.
Degan are primarily responsible for the day-to-day management of WEINGARTEN. Mr.
Schoolar is Senior Vice President of AIM Capital, Vice President of AIM and
Senior Vice President of the Company and has been responsible for the Fund since
1987. He has been associated with AIM and/or its subsidiaries since 1986 and
became an investment professional in 1983. Mr. Kippes is Vice President of AIM
Capital and has been responsible for the Fund since 1994. Mr. Kippes has been
associated with AIM and/or it subsidiaries since he began working as an
investment professional in 1989. Mr. Barnard is Vice President of AIM Capital
and has been responsible for the Fund since 1986. Mr. Barnard has been
associated with AIM and/or its subsidiaries since 1982 and became an investment
professional in 1973. Ms. Degan is an Investment Officer of AIM Capital and has
been responsible for the Fund since 1997. She has been associated with AIM
and/or its subsidiaries since 1995 and became an investment professional in
1991. Prior to 1995, Ms. Degan was a Senior Financial Analyst for Shell Oil Co.
Pension Trust."
Shareholders of The AIM Family of Funds--Registered Trademark-- may
effect certain purchase and redemption transactions through the use of AIM
Bank Connection(SM) electronic funds transfer. Additional information and forms
regarding this option can be obtained by calling the Client Services
Department of A I M Fund Services, Inc. at (800) 959-4246.
