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Institutional Classes of
AIM Charter Fund
AIM Constellation Fund
AIM Weingarten Fund
Supplement dated March 15, 1999
to the Prospectus dated March 1, 1999
The following paragraph replaces the second paragraph under the heading
"Investment Objectives and Strategies - AIM CHARTER FUND (CHARTER)" on page 1
of the prospectus:
"The fund seeks to meet these objectives by investing at least 65%
of its net assets in income-producing securities, including
dividend-paying common stocks and convertible securities. The fund's
portfolio managers purchase securities of established companies that
have long-term above-average growth in earnings and dividends, and
growth companies that they believe have the potential for
above-average growth in earnings and dividends. The fund's portfolio
managers consider whether to sell a particular security when they
believe the security no longer has that potential or the capacity to
generate income."
The following paragraph replaces the paragraph under the heading "Other
Information - DIVIDENDS AND DISTRIBUTIONS - Dividends" on page 6 of the
prospectus:
"The funds generally declare and pay dividends, if any, annually,
with respect to Constellation and Weingarten, and quarterly, with
respect to Charter. Following Charter's June 1999 quarterly
dividend, the fund will begin declaring and paying dividends, if
any, annually."
