AIM SPECIAL OPPORTUNITIES FUNDS
NSAR-B, 1998-09-28
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<PAGE>      PAGE  1
000 B000000 07/31/98
000 C000000 0001054647
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 AIM SPECIAL OPPORTUNITIES FUND
001 B000000 811-08697
001 C000000 7136261919
002 A000000 11 GREENWAY PLAZA, SUITE 100
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77046
002 D020000 1173
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 AIM SMALL CAP OPPORTUNITIES FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 AIM ADVISORS, INC.
008 B00AA01 A
008 C00AA01 801-12313
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77046
008 D04AA01 1173
011 A00AA01 AIM DISTRIBUTORS, INC.
011 B00AA01 8-21323
011 C01AA01 HOUSTON
011 C02AA01 TX
011 C03AA01 77046
011 C04AA01 1173
012 A00AA01 AIM FUND SERVICES, INC.
012 B00AA01 84-5432
012 C01AA01 HOUSTON
<PAGE>      PAGE  2
012 C02AA01 TX
012 C03AA01 77210
012 C04AA01 9087
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77002
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   89
019 C00AA00 AIMFUNDSAA
020 A000001 INSTINET CORPORATION
020 B000001 13-3443395
020 C000001     10
020 A000002 ITG INC.
020 B000002 95-4339369
020 C000002      8
020 A000003 GOLDMAN, SACHS & CO.
020 B000003 13-5108880
020 C000003      6
020 A000004 MERRILL LYNCH, PIERCE, FEENER & SMITH INC.
020 B000004 13-5674085
020 C000004      5
020 A000005 NOMURA SECURITIES INTERNATIONAL, INC.
020 B000005 13-2642206
020 C000005      4
020 A000006 ASSOCIATED SECURITIES CORP.
020 B000006 95-3793471
020 C000006      4
020 A000007 WEEDEN & CO. L.P.
020 B000007 13-3364318
020 C000007      3
020 A000008 PIPER JAFFRAY INC.
020 B000008 41-0953246
020 C000008      3
020 A000009 FRANKEL (STUART) & CO. INCORPORATED
020 B000009 13-2734702
020 C000009      3
020 A000010 GERARD KLAUER MATTISON & CO., INC.
020 B000010 13-3793124
020 C000010      3
021  000000       79
022 A000001 HSBC SECURITIES, INC.
022 B000001 13-2650272
022 C000001     17315
<PAGE>      PAGE  3
022 D000001     17320
022 A000002 ROBERTSON STEPHENS INVESTMENT MANAGEMENT
022 B000002 04-3320136
022 C000002      6289
022 D000002         0
022 A000003 MONTGOMERY SECURITIES
022 B000003 94-1701676
022 C000003      5264
022 D000003       255
022 A000004 SHERWOOD SECURITIES CORP.
022 B000004 13-2616318
022 C000004      4402
022 D000004         0
022 A000005 CREDIT SUISSE FIRST BOSTON CORPORATION
022 B000005 13-5659485
022 C000005      3826
022 D000005         0
022 A000006 LEHMAN BROTHERS INC.
022 B000006 13-3251846
022 C000006      3504
022 D000006         0
022 A000007 SALOMON SMITH BARNEY, INC.
022 B000007 13-1912900
022 C000007      3284
022 D000007         0
022 A000008 MORGAN STANLEY & CO, INC.
022 B000008 13-2655998
022 C000008      2779
022 D000008      1532
022 A000009 PIPER JAFFRAY, INC.
022 B000009 41-0953246
022 C000009      2334
022 D000009         0
022 A000010 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000010 13-5674085
022 C000010      2330
022 D000010         0
023 C000000      74613
023 D000000      19794
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027  000000 Y
077 A000000 Y
077 B000000 Y
<PAGE>      PAGE  4
077 I000000 Y
077 Q010000 Y
078  000000 N
024  000100 Y
025 A000101 EVEREN CAPITAL CORP.
025 B000101 36-4019175
025 C000101 E
025 D000101     862
025 A000102 HAMBRECHT & QUIST GROUP
025 B000102 94-3220292
025 C000102 E
025 D000102     657
028 A010100         0
028 A020100         0
028 A030100         0
028 A040100         0
028 B010100         0
028 B020100         0
028 B030100         0
028 B040100         0
028 C010100         0
028 C020100         0
028 C030100         0
028 C040100         0
028 D010100         0
028 D020100         0
028 D030100         0
028 D040100         0
028 E010100      3858
028 E020100         0
028 E030100         0
028 E040100         0
028 F010100    195976
028 F020100         0
028 F030100         0
028 F040100      2184
028 G010100    199834
028 G020100         0
028 G030100         0
028 G040100      2184
028 H000100     90936
029  000100 Y
030 A000100   4614
030 B000100  5.50
030 C000100  0.00
031 A000100    627
031 B000100      0
032  000100   3987
033  000100      0
034  000100 Y
035  000100      0
<PAGE>      PAGE  5
036 A000100 N
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100     54
044  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.000
048 A010100   500000
048 A020100 1.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100   500000
048 K020100 1.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
054 A000100 Y
<PAGE>      PAGE  6
054 B000100 N
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 Y
054 I000100 N
054 J000100 Y
054 K000100 N
054 L000100 N
054 M000100 Y
054 N000100 N
054 O000100 N
055 A000100 N
055 B000100 N
056  000100 N
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100       10
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
062 L000100   0.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067  000100 N
<PAGE>      PAGE  7
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 Y
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 Y
070 E010100 N
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 Y
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 Y
071 A000100     91439
071 B000100      3825
071 C000100     29739
071 D000100   13
072 A000100  1
072 B000100      306
072 C000100        5
072 D000100        0
072 E000100        0
072 F000100       87
072 G000100        0
072 H000100        0
<PAGE>      PAGE  8
072 I000100       12
072 J000100        1
072 K000100        0
072 L000100        2
072 M000100        3
072 N000100        2
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        0
072 S000100        0
072 T000100       54
072 U000100        0
072 V000100        0
072 W000100        3
072 X000100      164
072 Y000100        2
072 Z000100      149
072AA000100     1379
072BB000100      162
072CC010100     7292
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100     1443
074 B000100    53740
074 C000100    69678
074 D000100        0
074 E000100        0
074 F000100    84809
074 G000100      147
074 H000100        0
074 I000100        0
074 J000100      255
074 K000100        0
074 L000100     9757
074 M000100       27
074 N000100   219856
074 O000100    22943
074 P000100      154
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     4935
074 S000100        0
<PAGE>      PAGE  9
074 T000100   191824
074 U010100    19657
074 U020100        0
074 V010100     9.76
074 V020100     0.00
074 W000100   0.0000
074 X000100    12060
074 Y000100        0
075 A000100        0
075 B000100    97883
076  000100     0.00
080 A000100 ICI BOND INSURANCE
080 C000100    25000
081 A000100 Y
081 B000100  58
082 A000100 Y
082 B000100      100
083 A000100 N
083 B000100        0
084 A000100 N
084 B000100        0
085 A000100 Y
085 B000100 N
SIGNATURE   JOHN J. ARTHUR                               
TITLE       SR VP & TREASURER   
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM Small
Cap Opportunities Fund Class A Shares July 31, 1998 annual report.
</LEGEND>
<CIK> 0001054647
<NAME> AIM SPECIAL OPPORTUNITIES FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> AIM SMALL CAP OPPORTUNITIES FUND CLASS A SHARES
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-END>                               JUL-31-1998
<INVESTMENTS-AT-COST>                        212449480
<INVESTMENTS-AT-VALUE>                       208374188
<RECEIVABLES>                                 10158754
<ASSETS-OTHER>                                 1469892
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               219856175
<PAYABLE-FOR-SECURITIES>                      22943225
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5088767
<TOTAL-LIABILITIES>                           28031992
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                         19546439
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       150924
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1217379
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                 191824183
<DIVIDEND-INCOME>                                 4870
<INTEREST-INCOME>                               306109
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (162430)
<NET-INVESTMENT-INCOME>                         148549
<REALIZED-GAINS-CURRENT>                       1217379
<APPREC-INCREASE-CURRENT>                    (7292005)
<NET-CHANGE-FROM-OPS>                        (5926077)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      203892000
<NUMBER-OF-SHARES-REDEEMED>                  (2184000)
<SHARES-REINVESTED>                                  0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 163993
<AVERAGE-NET-ASSETS>                          55102897
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                         (0.26)
<PER-SHARE-DIVIDEND>                              0.00
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<PER-SHARE-NAV-END>                               9.76
<EXPENSE-RATIO>                                   1.59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information from the AIM Small
Cap Opportunities Fund Class B Shares July 31, 1998 annual report.
</LEGEND>
<CIK> 0001054647
<NAME> AIM SPECIAL OPPORTUNITIES FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> AIM SMALL CAP OPPORTUNITIES FUND CLASS B SHARES
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-END>                               JUL-31-1998
<INVESTMENTS-AT-COST>                        212449480
<INVESTMENTS-AT-VALUE>                       208371188
<RECEIVABLES>                                 10158754
<ASSETS-OTHER>                                 1469892
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               219856175
<PAYABLE-FOR-SECURITIES>                      22943225
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5088767
<TOTAL-LIABILITIES>                           28031992
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     197747885
<SHARES-COMMON-STOCK>                         19546439
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       150924
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        1217379
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (7292005)
<NET-ASSETS>                                 191824183
<DIVIDEND-INCOME>                                 4870
<INTEREST-INCOME>                               306109
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (162430)
<NET-INVESTMENT-INCOME>                         148549
<REALIZED-GAINS-CURRENT>                       1217379
<APPREC-INCREASE-CURRENT>                    (7292005)
<NET-CHANGE-FROM-OPS>                        (5926077)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      203892000
<NUMBER-OF-SHARES-REDEEMED>                  (2184000)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (5926077)
<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            10.00
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<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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