<PAGE> 1
CLASS A AND CLASS B SHARES OF
AIM MID CAP EQUITY FUND
(A SERIES PORTFOLIO OF AIM GROWTH SERIES)
Supplement dated October 1, 1998
to the Prospectus dated September 8, 1998
The seventh paragraph under the heading "MANAGEMENT - Investment Management and
Administration" on page 10 of the prospectus should be deleted in its entirety
and replaced with the following:
"The investment professional primarily responsible for the portfolio management
of the Fund is as follows:
<TABLE>
<CAPTION>
RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND PAST FIVE YEARS
<S> <C> <C>
Joel E. Dobberpuhl Portfolio Manager since Portfolio Manager for the Fund since 1998.
Houston 1998 He is Vice President of AIM Capital. He
has been associated with AIM and /or its
subsidiaries since 1990 and has been an
investment professional since 1989.
Paul J. Rasplicka Portfolio Manager since Portfolio Manager for the Fund since 1998.
Houston 1998 He is Vice President of AIM Capital. He
has been associated with AIM and /or its
subsidiaries since 1998 and has been an
investment professional since 1982. From 1994
to 1998, Mr. Rasplicka was Vice President and
portfolio manager for INVESCO Trust company,
an affiliate of AIM. He was also Vice President
of Chase Investment Counsel from 1992 to 1994
Robert A. Shelton Portfolio Manager since Portfolio Manager for the Fund since 1998.
Houston 1998 He is an Investment Officer of AIM Capital.
He has been associated with AIM and/or its
subsidiaries since 1995 and has been an
investment professional since 1991. Prior to
1995, he was a financial analyst for
CS First Boston."
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