<PAGE> 1
EXHIBIT d(4)(b)
AMENDMENT NO. 1
TO
MASTER INVESTMENT ADVISORY AGREEMENT
This Amendment dated as of August 30, 2000, amends the Master
Investment Advisory Agreement (the "Agreement"), dated June 1, 2000, between AIM
Funds Group, a Delaware business trust, and A I M Advisors, Inc., a Delaware
corporation.
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to add five new
portfolios, the AIM European Small Company Fund, the AIM International Emerging
Growth Fund, the AIM New Technology Fund, the AIM Small Cap Equity Fund and the
AIM Value II Fund;
NOW, THEREFORE, the parties agree as follows;
1. Appendix A and Appendix B to the Agreement are hereby deleted
in their entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
<TABLE>
<CAPTION>
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------ ------------------------------------
<S> <C>
AIM Balanced Fund June 1, 2000
AIM Global Utilities Fund June 1, 2000
AIM Select Growth Fund June 1, 2000
AIM Value Fund June 1, 2000
AIM European Small Company Fund August 30, 2000
AIM International Emerging Growth Fund August 30, 2000
AIM New Technology Fund August 30, 2000
AIM Small Cap Equity Fund August 30, 2000
AIM Value II Fund August 30, 2000
</TABLE>
<PAGE> 2
APPENDIX B
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, out of the assets of a Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below. Such fee shall be calculated by applying the following annual rates to
the average daily net assets of such Fund for the calendar year computed in the
manner used for the determination of the net asset value of shares of such Fund.
AIM BALANCED FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
First $150 million................................................. 0.75%
Over $150 million.................................................. 0.50%
</TABLE>
AIM GLOBAL UTILITIES FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
First $200 million................................................. 0.60%
Next $300 million.................................................. 0.50%
Next $500 million.................................................. 0.40%
Amount over $1 billion............................................. 0.30%
</TABLE>
AIM SELECT GROWTH FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
First $150 million................................................. 0.80%
Over $150 million.................................................. 0.625%
</TABLE>
AIM VALUE FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
First $150 million................................................. 0.80%
Over $150 million.................................................. 0.625%
</TABLE>
AIM EUROPEAN SMALL COMPANY FUND
AIM INTERNATIONAL EMERGING GROWTH FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
All Assets......................................................... 0.95%
</TABLE>
2
<PAGE> 3
AIM NEW TECHNOLOGY FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
All Assets......................................................... 1.00%
</TABLE>
AIM SMALL CAP EQUITY FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
All Assets......................................................... 0.85%
</TABLE>
AIM VALUE II FUND
<TABLE>
<CAPTION>
NET ASSETS ANNUAL RATE
---------- -----------
<S> <C>
All Assets......................................................... 0.75%"
</TABLE>
2. In all other respects, the Agreement is hereby confirmed and remains
in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed by their respective officers on the date first written above.
AIM FUNDS GROUP
Attest:: /s/ RENEE A. FRIEDLI By: /s/ ROBERT H. GRAHAM
------------------------------- ----------------------------
Assistant Secretary Robert H. Graham
President
(SEAL)
A I M ADVISORS, INC.
Attest: /s/ P. MICHELLE GRACE By: /s/ ROBERT H. GRAHAM
------------------------------- ----------------------------
Assistant Secretary Robert H. Graham
President
(SEAL)
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