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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 November 3, 2000 to the
Statement of Additional Information dated June 21, 2000,
as supplemented June 30, 2000 and July 5, 2000
This supplement supersedes and replaces in its entirety the supplements dated
June 30, 2000 and July 5, 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%
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CHARTER AND CONSTELLATION
NET ASSETS ANNUAL RATE
---------- -----------
First $30 million 1.00%
Over $30 million to and including $150 million 0.75%
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 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 to and including $2 billion, plus
0.60% of the Fund's average daily net assets in excess of $2 billion.
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 to and including $2
billion, plus 0.60% of the Fund's average daily net assets in excess
of $2 billion to and including $3 billion, plus 0.575% of the Fund's
average daily net assets in excess of $3 billion to and including $4
billion, plus 0.55% of the Fund's average daily net assets in excess
of $4 billion."
The following information replaces in its entirety the second paragraph
appearing under the heading "SALES CHARGES AND DEALER CONCESSIONS - ALL GROUPS
OF AIM FUNDS" on page 50 of the Statement of Additional Information:
"In addition to, or instead of, amounts paid to dealers as a
sales commission, AIM Distributors may, from time to time, at its expense
or as an expense for which it may be compensated under a distribution
plan, if applicable, pay a bonus or other consideration or incentive to
dealers. At the option of the dealer, such incentives may take the form of
payment for travel expenses, including lodging, incurred in connection
with trips taken by qualifying registered representatives and their
families to places within or outside the United States. The total amount
of such additional bonus payments or other consideration shall not exceed
0.25% of the public offering price of the shares sold or of average daily
net assets of the AIM Fund attributable to that particular dealer. Any
such bonus or incentive programs will not change the price paid by
investors for the purchase of the applicable AIM Fund's shares or the
amount that any particular AIM Fund will receive as proceeds from such
sales. Dealers may not use sales of the AIM Funds' shares to qualify for
any incentives to the extent that such incentives may be prohibited by the
laws of any state."
The following are added as new categories of purchasers who will not pay
initial sales charges on purchases of Class A shares, under the heading
"REDUCTIONS IN INITIAL SALES CHARGES - PURCHASES AT NET ASSET VALUE" on page 54
of the Statement of Additional Information:
"o Qualified State Tuition Programs created and maintained in
accordance with Section 529 of the U.S. Internal Revenue Code
of 1986, as amended; and
o Participants in select brokerage programs for defined
contribution plans and rollover IRAs who purchase shares
through an electronic brokerage platform offered by entities
with which AIM Distributors has entered into a written
agreement."
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