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[AIM LOGO APPEARS HERE]
MEMORANDUM
To: All Employees
From: C.T. Bauer
Date: January 8, 1997
Subject: 1997 Shareholder Meetings
Beginning December 26, 1996, proxy materials for the AIM Funds were mailed to
the Funds' shareholders of record on December 3, 1996. As you know, A I M
Management Group Inc. ("AIM") has entered into an agreement to merge with a
subsidiary of INVESCO plc. As a condition to the merger, it is necessary for
the shareholders of each of the AIM Funds to approve a new investment
advisory agreement (and in some cases, a new sub-advisory agreement).
Shareholders are also being asked to elect Directors/Trustees, to approve
certain proposed changes in fundamental investment policies and to ratify the
selection of independent accountants. AIM has retained a proxy solicitation
firm to assist with this solicitation.
Since many AIM employees are shareholders of the Funds, we encourage each of
you to promptly vote by signing and returning the proxy card or cards in the
envelope provided with the proxy materials. By doing so will enable AIM to
focus its resources on the solicitation of non-employee accounts. Please
remember that regardless of the size of your account, every vote received
counts towards the meeting quorum and every "FOR" vote helps to approve the
proposals.
Thank you for your prompt attention and continued support.
For internal use only
