<PAGE> 1
AIM LARGE CAP OPPORTUNITIES FUND
Supplement dated December 29, 2000
to the Prospectus dated November 28, 2000
The following replaces in its entirety the information appearing under the
heading "FUND MANAGEMENT -- PORTFOLIO MANAGERS" on page 4 of the prospectus:
"The advisor uses a team approach to investment management. The individual
members of the team who are primarily responsible for the day-to-day
management of the fund's portfolio are
o Steven A. Brase, Portfolio Manager, who has been responsible for the
fund since 2000 and has been associated with the advisor and/or its
affiliates since 1998. From 1995 to 1998, he was Associate Portfolio
Manager and Partner for Bricoleur Capital Management, Inc.
o Brant H. DeMuth, Senior Portfolio Manager, who has been responsible
for the fund since 1999 and has been associated with the advisor and/or
its affiliates since 1996. From 1992 to 1996, he was Portfolio Manager
for Colorado Public Employee's Retirement Association.
o Robert C. Leslie, Portfolio Manger, who has been responsible for the
fund since 2000 and has been associated with the advisor and/or its
affiliates since 1998. From 1995 to 1996, he ran his own investment
firm, Gamma Investment Management, until it merged with Darien Capital
Management where he served as Portfolio Manager and Partner until 1998.
o Christopher P. Perras, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the adviser and/or its
affiliates since 1999. From 1997 to 1999, he was an equity analyst for
Van Wagoner Capital Management. From 1995 to 1997, he was Associate
Portfolio Manager at Van Kampen American Capital Asset Management, Inc.
o Charles D. Scavone, Senior Portfolio Manager, who has been responsible
for the fund since 1999 and has been associated with the advisor and/or
its affiliates since 1996. From 1994 to 1996, he was Associate
Portfolio Manager for Van Kampen American Capital Asset Management,
Inc."
<PAGE> 2
AIM MID CAP OPPORTUNITIES FUND
Supplement dated December 29, 2000
to the Prospectus dated November 28, 2000
The following replaces in its entirety the information appearing under the
heading "FUND MANAGEMENT -- PORTFOLIO Managers" on page 5 of the prospectus:
"The advisor uses a team approach to investment management. The individual
members of the team who are primarily responsible for the day-to-day
management of the fund's portfolio are
o Steven A. Brase, Portfolio Manager, who has been responsible for the
fund since 2000 and has been associated with the advisor and/or its
affiliates since 1998. From 1995 to 1998, he was Associate Portfolio
Manager and Partner for Bricoleur Capital Management, Inc.
o Brant H. DeMuth, Senior Portfolio Manager, who has been responsible
for the fund since 1998 and has been associated with the advisor and/or
its affiliates since 1996. From 1992 to 1996, he was Portfolio Manager
for Colorado Public Employee's Retirement Association.
o Robert C. Leslie, Portfolio Manger, who has been responsible for the
fund since 2000 and has been associated with the advisor and/or its
affiliates since 1998. From 1995 to 1996, he ran his own investment
firm, Gamma Investment Management, until it merged with Darien Capital
Management where he served as Portfolio Manager and Partner until 1998.
o Christopher P. Perras, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the adviser and/or its
affiliates since 1999. From 1997 to 1999, he was an equity analyst for
Van Wagoner Capital Management. From 1995 to 1997, he was Associate
Portfolio Manager at Van Kampen American Capital Asset Management, Inc.
o Charles D. Scavone, Senior Portfolio Manager, who has been responsible
for the fund since 1998 and has been associated with the advisor and/or
its affiliates since 1996. From 1994 to 1996, he was Associate
Portfolio Manager for Van Kampen American Capital Asset Management,
Inc."
<PAGE> 3
AIM SMALL CAP OPPORTUNITIES FUND
Supplement dated December 29, 2000
to the Prospectus dated November 28, 2000
The following replaces in its entirety the information appearing under the
heading "FUND MANAGEMENT -- PORTFOLIO MANAGERS" on page 5 of the prospectus:
"The advisor uses a team approach to investment management. The individual
members of the team who are primarily responsible for the day-to-day
management of the fund's portfolio are
o Steven A. Brase, Portfolio Manager, who has been responsible for the
fund since 2000 and has been associated with the advisor and/or its
affiliates since 1998. From 1995 to 1998, he was Associate Portfolio
Manager and Partner for Bricoleur Capital Management, Inc.
o Brant H. DeMuth, Senior Portfolio Manager, who has been responsible
for the fund since 1998 and has been associated with the advisor and/or
its affiliates since 1996. From 1992 to 1996, he was Portfolio Manager
for Colorado Public Employee's Retirement Association.
o Robert C. Leslie, Portfolio Manger, who has been responsible for the
fund since 2000 and has been associated with the advisor and/or its
affiliates since 1998. From 1995 to 1996, he ran his own investment
firm, Gamma Investment Management, until it merged with Darien Capital
Management where he served as Portfolio Manager and Partner until 1998.
o Christopher P. Perras, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the adviser and/or its
affiliates since 1999. From 1997 to 1999, he was an equity analyst for
Van Wagoner Capital Management. From 1995 to 1997, he was Associate
Portfolio Manager at Van Kampen American Capital Asset Management, Inc.
o Charles D. Scavone, Senior Portfolio Manager, who has been responsible
for the fund since 1998 and has been associated with the advisor and/or
its affiliates since 1996. From 1994 to 1996, he was Associate
Portfolio Manager for Van Kampen American Capital Asset Management,
Inc."
