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AIM SPECIAL OPPORTUNITIES FUNDS
AIM LARGE CAP OPPORTUNITIES FUND
Supplement dated May 10, 2000
to the Prospectus dated December 30, 1999
as revised March 31, 2000
At a meeting held on May 10, 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 as soon as reasonably practicable after the
fund has assets under management of $750 million.
The Board of Trustees determined that the fund may soon reach a size in assets
under management where it will become increasingly difficult to satisfy the
fund's investment objective and strategies, which include a dynamic hedging
program. This difficulty is due to the limited size of the market for
large-capitalized common stocks available for hedging purposes. For this
reason, the fund will be closed as soon as reasonably practicable after 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.
