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AIM SPECIAL OPPORTUNITIES FUNDS
AIM LARGE CAP OPPORTUNITIES FUND
Supplement dated August 4, 2000
to the Prospectus dated December 30, 1999
as revised March 31, 2000 and as supplemented May 10, 2000
This supplement supersedes and replaces in its entirety the supplement
dated May 10, 2000.
At a meeting held on August 3, 2000, the Board of Trustees of AIM Special
Opportunities Funds, on behalf of AIM Large Cap Opportunities Fund (the
fund), voted to close the fund at the earlier of September 29, 2000, or the
date on which the fund has assets under management of $750 million.
The Board of Trustees determined that closing the fund to new investors
would enable the portfolio managers to more efficiently manage the fund's
investment and hedging strategies. For this reason, the fund will be closed
at the earlier of September 29, 2000, or the date on which the fund has
assets under management of $750 million (the closing date). Existing
shareholders of the fund who maintain open accounts will be permitted to
continue to make additional investments in the fund.
The fund will accept properly completed Account Applications postmarked by
the close of business on the closing date. IRA transfers or rollovers will
be accepted if a properly completed IRA application and transfer form are
postmarked by the close of business on the closing date. New Account
Applications, IRA applications or IRA transfer forms received by fax will
not be accepted.
During this period that the fund is closed to new investors, the
distribution and service (12b-1) fee for Class A shares will be reduced
from 0.35% to 0.25% of the fund's average daily net assets attributable to
the Class A shares. The 12b-1 fees for Class B and Class C shares will not
be reduced during this closed period.
The fund may resume sales of shares to new investors at some future date if
the Board of Trustees determines that it would be in the best interest of
shareholders.
