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Institutional Classes of
AIM Charter Fund
AIM Constellation Fund
AIM Weingarten Fund
Supplement dated May 12, 1999
to the Prospectus dated March 1, 1999, as
supplemented March 15, 1999
This supplement supersedes and replaces in its entirety the supplement
dated March 15, 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."
Effective May 12, 1999, the following replaces in its entirety the
information appearing under the heading "FUND MANAGEMENT - PORTFOLIO
MANAGERS CONSTELLATION" on page 5 of the prospectus:
"o Robert M. Kippes, Senior Portfolio Manager, who has been
responsible for the fund since 1993 and has been associated with
the advisor and/or its affiliates since 1989.
o Charles D. Scavone, Senior Portfolio Manager, who has been
responsible for the fund since 1996 and has been associated with
the advisor and/or its affiliates since 1996. From 1994 to 1996,
he was Associate Portfolio Manager for Van Kampen American
Capital Asset Management, Inc.
o David P. Barnard, Senior Portfolio Manager, who has been
responsible for the fund since 1990 and has been associated with
the advisor and/or its affiliates since 1982.
o Kenneth A. Zschappel, Senior Portfolio Manager, who has been
responsible for the fund since 1996 and has been associated with
the advisor and/or its affiliates since 1990.
o Christopher P. Perras, Portfolio Manager, who has been
responsible for the fund since 1999 and has been associated with
the advisor and/or its affiliates since 1999. From 1997 to 1999,
he was an equity analyst at Van Wagoner Capital Management. From
1995 to 1997, he was an Associate Portfolio Manager for Van
Kampen American Capital Asset Management, Inc."
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."
