<PAGE> 1
AIM FUNDS GROUP
AIM BALANCED FUND
AIM GLOBAL UTILITIES FUND
AIM GROWTH FUND
AIM HIGH YIELD FUND
AIM INCOME FUND
AIM INTERMEDIATE GOVERNMENT FUND
AIM MONEY MARKET FUND
AIM MUNICIPAL BOND FUND
AIM SELECT GROWTH FUND
AIM VALUE FUND
Supplement dated July 1, 1998
to the Statement of Additional Information dated May 1, 1998
The first sentence in the first paragraph under the caption "INVESTMENT
OBJECTIVES AND POLICIES - Futures Contracts: All Funds Except Money Market
Fund" on page 15 is deleted and replaced in its entirety by the following:
"In cases of purchases of futures contracts, an amount of liquid
assets, equal to the cost of the futures contracts (less any related margin
deposits), will be segregated to collateralize the position and ensure that the
use of such futures contracts is unleveraged."