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INSTITUTIONAL CLASSES OF
AIM CHARTER FUND
AIM CONSTELLATION FUND
AIM WEINGARTEN FUND
(SERIES PORTFOLIOS OF AIM EQUITY FUNDS)
Supplement dated June 30, 2000
to the Statement of Additional Information dated June 21, 2000
The following paragraph replaces in its entirety the ninth full paragraph
appearing under the heading "INVESTMENT ADVISORY AND OTHER SERVICES" on page 30
of the Statement of Additional Information:
"AIM has voluntarily agreed, effective July 1, 2000, to
waive advisory fees payable by Charter, Constellation and Weingarten
in an amount equal to 0.025% for each $5 billion increment in net
assets over $5 billion, up to a maximum waiver of 0.175% on net
assets in excess of $35 billion, so that the effective fee schedules
are as follows:
CHARTER AND CONSTELLATION
NET ASSETS ANNUAL RATE
---------- -----------
First $150 million 0.80%
Over $150 million to and including $5 billion 0.625%
Over $5 billion to and including $10 billion 0.60%
Over $10 billion to and including $15 billion 0.575%
Over $15 billion to and including $20 billion 0.55%
Over $20 billion to and including $25 billion 0.525%
Over $25 billion to and including $30 billion 0.50%
Over $30 billion to and including $35 billion 0.475%
Over $35 billion 0.45%
WEINGARTEN
NET ASSETS ANNUAL RATE
---------- -----------
First $30 million 1.00%
Over $30 million to and including $350 million 0.75%
Over $350 million to and including $5 billion 0.625%
Over $5 billion to and including $10 billion 0.60%
Over $10 billion to and including $15 billion 0.575%
Over $15 billion to and including $20 billion 0.55%
Over $20 billion to and including $25 billion 0.525%
Over $25 billion to and including $30 billion 0.50%
Over $30 billion to and including $35 billion 0.475%
Over $35 billion 0.45%
In addition, pursuant to a prior fee waiver arrangement, AIM waived
through June 30, 2000 a portion of its advisory fees payable by
Charter, Constellation and Weingarten at net asset levels higher
than those currently incorporated in the advisory fee schedule.
Accordingly, with respect to each of Charter and Constellation, AIM
received a fee calculated at an annual rate of 1.0% of the first $30
million of such Fund's average daily net assets, plus 0.75% of such
Fund's average
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daily net assets in excess of $30 million to and including $150
million, plus 0.625% of such Fund's average daily net assets in
excess of $150 million. With respect to Weingarten, AIM received a
fee calculated at an annual rate of 1.0% of the first $30 million
of the Fund's average daily net assets, plus 0.75% of the Fund's
average daily net assets in excess of $30 million to and including
$350 million, plus 0.625% of the Fund's average daily net assets in
excess of $350 million. As compensation for its services, AIM pays
50% of the advisory fees it receives pursuant to the Master
Advisory Agreement with respect to Charter, Constellation and
Weingarten to AIM Capital."
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RETAIL CLASSES OF
AIM AGGRESSIVE GROWTH FUND
AIM BLUE CHIP FUND
AIM CAPITAL DEVELOPMENT FUND
AIM CHARTER FUND
AIM CONSTELLATION FUND
AIM DENT DEMOGRAPHIC TRENDS FUND
AIM EMERGING GROWTH FUND
AIM LARGE CAP BASIC VALUE FUND
AIM LARGE CAP GROWTH FUND
AIM MID CAP GROWTH FUND
AIM WEINGARTEN FUND
(SERIES PORTFOLIOS OF AIM EQUITY FUNDS)
Supplement dated June 30, 2000
to the Statement of Additional Information dated June 21, 2000
The following paragraph replaces in its entirety the eleventh full paragraph
appearing under the heading "INVESTMENT ADVISORY AND OTHER SERVICES" on page 37
of the Statement of Additional Information:
"AIM has voluntarily agreed, effective July 1, 2000, to
waive advisory fees payable by Blue Chip, Charter, Constellation and
Weingarten in an amount equal to 0.025% for each $5 billion
increment in net assets over $5 billion, up to a maximum waiver of
0.175% on net assets in excess of $35 billion, so that the effective
fee schedules are as follows:
BLUE CHIP
NET ASSETS ANNUAL RATE
---------- -----------
First $350 million 0.75%
Over $350 million to and including $5 billion 0.625%
Over $5 billion to and including $10 billion 0.60%
Over $10 billion to and including $15 billion 0.575%
Over $15 billion to and including $20 billion 0.55%
Over $20 billion to and including $25 billion 0.525%
Over $25 billion to and including $30 billion 0.50%
Over $30 billion to and including $35 billion 0.475%
Over $35 billion 0.45%
CHARTER AND CONSTELLATION
NET ASSETS ANNUAL RATE
---------- -----------
First $150 million 0.80%
Over $150 million to and including $5 billion 0.625%
Over $5 billion to and including $10 billion 0.60%
Over $10 billion to and including $15 billion 0.575%
Over $15 billion to and including $20 billion 0.55%
Over $20 billion to and including $25 billion 0.525%
Over $25 billion to and including $30 billion 0.50%
Over $30 billion to and including $35 billion 0.475%
Over $35 billion 0.45%
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WEINGARTEN
NET ASSETS ANNUAL RATE
---------- -----------
First $30 million 1.00%
Over $30 million to and including $350 million 0.75%
Over $350 million to and including $5 billion 0.625%
Over $5 billion to and including $10 billion 0.60%
Over $10 billion to and including $15 billion 0.575%
Over $15 billion to and including $20 billion 0.55%
Over $20 billion to and including $25 billion 0.525%
Over $25 billion to and including $30 billion 0.50%
Over $30 billion to and including $35 billion 0.475%
Over $35 billion 0.45%
In addition, pursuant to a prior fee waiver arrangement, AIM waived
through June 30, 2000 a portion of its advisory fees payable by
Charter, Constellation and Weingarten at net asset levels higher
than those currently incorporated in the advisory fee schedule.
Accordingly, with respect to each of Charter and Constellation, AIM
received a fee calculated at an annual rate of 1.0% of the first $30
million of such Fund's average daily net assets, plus 0.75% of such
Fund's average daily net assets in excess of $30 million to and
including $150 million, plus 0.625% of such Fund's average daily net
assets in excess of $150 million. With respect to Weingarten, AIM
received a fee calculated at an annual rate of 1.0% of the first $30
million of the Fund's average daily net assets, plus 0.75% of the
Fund's average daily net assets in excess of $30 million to and
including $350 million, plus 0.625% of the Fund's average daily net
assets in excess of $350 million."
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