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[AIM LOGO APPEARS HERE]
IMPORTANT INFORMATION ABOUT
THE AIM/INVESCO MERGER PROXIES
As you may know, AIM Management Group Inc. has entered into an agreement
to merge with a subsidiary of INVESCO plc. to form one of the world's
largest investment management companies. As a result of this merger,
it is necessary for shareholders of each of the AIM Funds to approve a new
investment advisory agreement (and in some cases, a new subadvisory
agreement).
Please be looking in your mail for important proxy statements that describe
several proposals relating to new investment advisory agreements and to
other matters related to the management and policies of your Fund(s).
IMPORTANT FACTS YOU SHOULD KNOW ABOUT THE AIM/INVESCO MERGER TRANSACTION:
o The Merger has no effect on the number of shares you own or the value
of those shares.
o Advisory fees and expenses charged to your Fund will not change as a
result of the merger.
o The investment objectives of your Fund(s) will remain the same and key
employees of AIM will continue to manage your Funds as they have in
the past.
o The merger will not change the quality of the investment management
and shareholder services that you have received over the years.
YOUR BOARD OF DIRECTORS/TRUSTEES RECOMMENDS APPROVAL. The Board of
Directors/Trustees of your Fund(s) has unanimously approved all proposals
and recommends that you read the proxy materials carefully and then vote FOR
all proposals.
WHO CAN VOTE. Shareholders of record December 3, 1996, will receive a proxy
for each Fund in which they own shares.
WHEN TO EXPECT YOUR PROXY. Proxies should be arriving after December 26 at
the address listed on your account.
WATCH FOR MULTIPLE PROXIES AND BALLOTS. You may receive more than one proxy
statement if you own Funds that are voting on different issues. Enclosed in
each proxy statement you will find one or more proxy cards relating to each
of the Funds for which you are entitled to vote.
MARK EACH BALLOT CAREFULLY. Indicate your voting instructions on EACH of the
proxy ballot cards you receive. Date and sign them and return them in the
postage-paid envelope provided.
VOTE PROMPTLY. Please return your ballot(s) as soon as possible so your vote
can be recorded before the shareholder meetings scheduled for February 7,
1997.
FOR MORE INFORMATION
CALL YOUR FINANCIAL CONSULTANT
OR E-MAIL AIM
