AIM FUNDS GROUP/DE
497, 1998-10-01
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<PAGE>   1
                                AIM FUNDS GROUP

AIM BALANCED FUND                                   AIM MONEY MARKET FUND
AIM GLOBAL UTILITIES FUND                           AIM MUNICIPAL BOND FUND
AIM HIGH YIELD FUND                                 AIM SELECT GROWTH FUND
AIM INCOME FUND                                     AIM VALUE FUND
AIM INTERMEDIATE GOVERNMENT FUND                    


                        Supplement dated October 1, 1998
         to the Statement of Additional Information dated May 1, 1998,
                          as supplemented July 1, 1998


         The following information should be inserted within the discussion
under the heading  "MANAGEMENT--Trustees and Officers":

<TABLE>
<S>                                      <C>                    <C>
 "PREMA MATHAI-DAVIS (48)                Trustee                Chief Executive Officer, YWCA of
 350 Fifth Avenue, Suite 301                                    the U.S.A.; Commissioner, New
 New York, NY 10118                                             York City Department for
                                                                the Aging; and  Member of the
                                                                Board of Directors, Metropolitan
                                                                Transportation Authority of New
                                                                York State.
</TABLE>

Mr. Kroeger resigned as a Trustee of the Trust on June 11, 1998 and on that
date became a consultant to the Trust."


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