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<PAGE> 1 RETAIL CLASSES OF AIM LARGE CAP OPPORTUNITIES FUND AIM MID CAP OPPORTUNITIES FUND AIM SMALL CAP OPPORTUNITIES FUND (SERIES PORTFOLIOS OF AIM SPECIAL OPPORTUNITIES FUNDS) Supplement dated October 8, 1999 to the Statement of Additional Information dated September 27, 1999 Class A, Class B and Class C shares of AIM Large Cap Opportunities Fund and Class B and Class C shares of AIM Mid Cap Opportunities Funds are not currently available.
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