<PAGE> 1
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 December 14, 2000
to the Statement of Additional Information dated June 21, 2000,
as supplemented June 30, 2000, July 5, 2000 and November 3, 2000
Effective September 30, 2000, Charles T. Bauer retired from his positions as an
officer and trustee of the Trust and Robert H. Graham succeeded Mr. Bauer as
Chairman of the Board.
This supplement supersedes and replaces in its entirety the supplements dated
June 30, 2000, July 5, 2000 and November 3, 2000.
The following is added to the table appearing under the heading "MANAGEMENT -
TRUSTEES AND OFFICERS" on page 32 of the Statement of Additional Information:
<TABLE>
<CAPTION>
POSITIONS
HELD WITH PRINCIPAL OCCUPATION DURING AT
"NAME, ADDRESS AND AGE REGISTRANT LEAST THE PAST 5 YEARS
---------------------- ---------- ------------------------------
<S> <C> <C>
ALBERT R. DOWDEN (59) Trustee Chairman of the Board of Directors, The
1815 Central Park Drive Cortland Trust (investment company) and
P.O. Box 774000-PMB #222 DHJ Media, Inc.; and Director, Magellan
Steamboat Springs, CO 80477 Insurance Company. Formerly, Director,
President and Chief Executive Officer,
Volvo Group North America, Inc.; Senior
Vice President, AB Volvo; and Director,
The Hertz Corporation, Genmar Corporation
(boat manufacturer), National Media
Corporation and Annuity and Life Re
(Holdings), Ltd."
</TABLE>
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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
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
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%
</TABLE>
CHARTER AND CONSTELLATION
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
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%
</TABLE>
WEINGARTEN
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
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%
</TABLE>
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
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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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