<PAGE>
[LOGO]
/ /
AIM WORLDWIDE
GROWTH FUND
FORMERLY GT GLOBAL
WORLDWIDE GROWTH FUND
/ /
SEMIANNUAL REPORT
JUNE 30, 1998
INVEST WITH
DISCIPLINE-SM-
<PAGE>
TABLE
OF CONTENTS
<TABLE>
<S> <C>
Message from the
Chairman............. 1
Report from the Fund
Managers and Key
Portfolio Holdings... 2
Financial
Statements........... F1
Views of the Fund's management
described in this report are as
of the date written. Portfolio
holdings and allocations are as
of June 30, 1998, unless
otherwise noted. These views,
portfolio holdings and
allocations may have changed
subsequently.
</TABLE>
<PAGE>
Message from the Chairman
Dear Fellow Shareholder,
We are pleased to send you this semiannual report. In the time since you
received your last report, there have been a few changes. Your Fund is now a
part of The AIM Family of Funds-Registered Trademark- and has adopted the AIM
name. Thanks to a vote of approval by GT Global shareholders, A I M Advisors,
Inc., became the new investment advisor to GT Global Funds, effective May 29,
1998.
We believe you'll enjoy many advantages as a member of The AIM Family of
Funds-Registered Trademark-. You'll have access to a greater variety of
investment choices, and you'll benefit from AIM's commitment to excellence in
shareholder service. Most of all, you'll be part of an expanded fund family
that is one of the largest and most respected in the industry. A complete
list of Funds included in the AIM family can be found inside the back cover
of this report. If you would like more information on any of these Funds, we
suggest you talk with your financial consultant to discuss their suitability
for your investment objectives, risk tolerance, and asset allocation.
Though the Funds are wearing a new name, your investments will continue to
seek their stated objectives and receive expert, professional management. In
the report that follows, you'll find commentary from managers you know, with
the depth of coverage you've come to expect.
Effective September 8, GT Global accounts will be fully integrated into the
AIM Family of Funds-Registered Trademark-. For account information, service,
and transactions, you will contact AIM's Client Services Department at
800-959-4246. Account information is also available on the AIM website at
www.aimfunds.com or on our automated AIM Investor Line at 800-246-5463.
Thank you for your past support of GT Global Funds. AIM is looking forward to
continuing a satisfying relationship with you and helping you reach your
financial goals.
Sincerely,
/s/ Charles T. Bauer
Charles T. Bauer
Chairman
The AIM Family of Funds-Registered Trademark
1
<PAGE>
AIM Worldwide Growth Fund
Performance Summary
[Graphic]
INVESTMENT OBJECTIVE
The Fund seeks long-term growth of capital by investing primarily in equity
securities of companies in markets around the world.
EDGAR REPRESENTATION OF PLOT POINTS USED IN PRINTED GRAPHICS
<TABLE>
<CAPTION>
AIM Global Worldwide MSCI World
Growth Fund Class A Index
<S> <C> <C>
6/09/87 $ 9525 $10000
9886.95 9718.05
10448.9 9913.93
10896.6 10501.7
11058.5 10320.5
7858.12 8569.81
7762.88 8363.01
8420.1 8726.96
8524.88 8941.58
9058.27 9462.19
9086.85 9749.67
9458.33 9874.44
9315.45 9678.91
9401.17 9667.25
9439.27 9850.79
8943.98 9311.34
9010.65 9708.1
9391.65 10356
9610.73 10718.4
9793.71 10817.1
10361.3 11210.3
10419 11141.6
10717.3 11072
11179.1 11329.4
11304.1 11053.4
11207.9 10930.6
12044.9 12167.6
12266.2 11875
12564.4 12212.2
12044.9 11806.9
12516.3 12280.3
13475.1 12677
13099.4 12087
12862.1 11570.7
12970.9 10873.9
12644.6 10719.2
13722.2 11850
13840.9 11767.5
14246.2 11876.7
12624.9 10767
11458.3 9633.69
11863.6 10535
11833.9 10364
11786.1 10583
12134.8 10972.1
12971.7 11989.8
13230.7 11638.3
13230.7 11731.2
13768.7 11999
13141.1 11260.2
13888.3 11793.9
13958 11758.4
13997.9 12068.8
14087.5 12266.6
13420 11734.1
14173.5 12590.4
14223.9 12359.4
14616.8 12148.2
14304.5 11578
14576.5 11741.4
15029.8 12210.6
14566.4 11803.8
14415.3 11836.1
14133.3 12126.1
13720.2 12017.2
14032.5 11693.9
14274.3 11905.3
12/31/97 14637.1 12003.7
14970.9 12046
15031.6 12333.6
15790.3 13050.9
15881.3 13658.1
16488.2 13975.2
16306.2 13860.2
16720.9 14147.9
17671.8 14798.8
17621.2 14527.7
18086.5 14930.4
17236.8 14088.2
18671.8 14780
19601.6 15757.3
18896.2 15555.9
17774 14887.8
18116 15350.7
18019.8 15392.8
17667.1 15352.8
18126.7 15647.4
19024.5 16121.3
18564.9 15700.5
18629 16150
17870.2 15452.4
17429.8 15605
16285 15373.6
16116.7 15600.7
16228.9 16355.8
16958.4 16929.1
17126.8 17077.1
17732.9 17075.2
18877.6 17932.9
18877.6 17536.6
19416.4 18050.8
19023.5 17769.9
19203.1 18390.3
19387.5 18931.4
19687.2 19277.3
19583.5 19398.2
19929.3 19724.5
20275.1 20191.9
20194.4 20213
20252 20318.8
19468.2 19604.5
20056.1 19833.5
20494.1 20613.8
20551.7 20761.4
21358.6 21928.5
21505.5 21581.1
21685.7 21844.8
21209.5 22099.8
21068 21666.5
21479.8 22378.5
22496.5 23763.8
23217.2 24952.8
24877.5 26105.9
23822.1 24363.3
25250.7 25690.8
23243 24342.5
23062.8 24777.2
23656.9 25083
23789.7 25786
25813.6 27534.4
26659.7 28701.3
27008.1 28986.1
26195.2 28627.1
6/30/98 26241 29285
</TABLE>
The chart above shows the performance of AIM Worldwide Growth Fund Class A
shares since the Fund's inception, versus the MSCI World Index. This
represents a cumulative return of 162.41% and an average annual total return
of 9.12% for the Fund. The chart assumes a hypothetical $10,000 initial
investment in the Fund's Class A shares and reflects all Fund expenses and
the maximum 5.50% sales charge. A $10,000 investment in the Fund's Class B
shares at inception on April 1, 1993, would have been valued at $16,012 on
June 30, 1998. This figure reflects all Fund expenses and the applicable
contingent deferred sales charge (5% in the first year, decreasing to 0% at
the beginning of the seventh year), assuming complete redemption at the end
of the period. A $10,000 investment in Advisor Class shares at inception on
June 1, 1995, would have been worth $15,424 on June 30, 1998.
AVERAGE ANNUAL TOTAL RETURNS % (1)
JUNE 30, 1998
<TABLE>
<CAPTION>
SHARE CLASS WITHOUT SALES CHARGE(2) WITH SALES CHARGE
1-YEAR 5-YEAR 10-YEAR LOF 1-YEAR 5-YEAR 10-YEAR LOF
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CLASS A(3) 13.90 10.15 10.90 9.67 7.63 8.91 10.27 9.12
CLASS B(3) 13.08 9.41 N/A 9.51 8.73 9.15 N/A 9.39
ADVISOR CLASS(4) 14.33 N/A N/A 15.11 N/A N/A N/A N/A
</TABLE>
HISTORICAL PERFORMANCE(2)
ANNUAL TOTAL RETURNS % (LAST 10 YEARS)
<TABLE>
<CAPTION>
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CLASS A 16.31 37.59 -12.53 20.26 3.27 27.56 -6.65 11.23 10.92 10.00
CLASS B N/A N/A N/A N/A N/A 17.29(3) -7.32 10.52 10.16 9.22
</TABLE>
(1) Figures assume reinvestment of all dividends and capital gains
distributions at net asset value.
(2) Performance data do not reflect the maximum 5.50% sales charge and the
contingent deferred sales charge for Class A and Class B shares,
respectively, which, if included, would have reduced performance quoted.
(3) The Fund began (Class A shares) operations on June 9, 1987; Class B
shares commenced on April 1, 1993.
(4) The Fund began offering Advisor Class shares on June 1, 1995. Advisor
Class shares are not sold directly to the general public. They are only
available through certain employee benefit plans, financial institutions
and other entities that have entered into specific agreements with the
Fund's distributor. Please see the Fund's prospectus for more complete
information.
The above data represent past performance of the Fund's shares, which does
not guarantee future results. The investment return and principal value of an
investment in the Fund will fluctuate, so that an investor's shares, when
redeemed, may be worth more or less than their original cost.
From time to time, the Fund's investment advisor may waive some fees and/or
reimburse some expenses, without which performance would be lower. Waivers
and reimbursements are subject to change.
2
<PAGE>
INTERVIEW WITH PORTFOLIO MANAGEMENT TEAM
Q HOW DID THE FUND PERFORM?
A The world's financial markets have been severely tested in recent months
by the barrage of negative news from Asia, with Japan's weakening economy
producing heightened investor concerns throughout the region. Nonetheless, in
an impressive showing, stock prices in Europe continued to climb to record
highs, supported by a positive macroeconomic background. The robust nature of
European stock markets and the protracted bull market in the U.S. have been
the key positives in global investing so far in 1998.
In a mixed global environment, the Fund's Class A shares returned 11.78% over
the six-month period ended June 30, 1998. Total return for Class B shares for
the same period was 11.45%. The Morgan Stanley Capital International (MSCI)
World Index5 returned 16.64% over the same period.
Over the six-month period, the Fund's underweighted positions in France and
Germany, and lack of holdings in Spain, caused the Fund to trail the index.
Stock selection in Italy also contributed to relative underperformance. In
particular, the Fund's position in Telecom Italia underperformed the market
as a result of concerns over a transition in management. Additionally, the
Fund had a small exposure to India--a market not represented in the index.
Although the Fund held only the stock of one company, a severe decline in its
share price impacted Fund performance.
Q WHAT'S DRIVING EUROPEAN MARKETS?
A The Fund continues to benefit from a number of factors fueling European
markets. While European economies are steaming ahead, European corporations
have embraced the challenge of becoming more globally competitive.
Corporations are trimming down, becoming more efficient, and focusing on ways
to add value to shareholders. The deep structural changes these corporations
are making have spurred corporate profitability and earnings growth.
Consolidation through mergers and acquisitions has also been very widespread.
Many companies are looking farther ahead to when monetary union will be more
established. The rewards to companies that can consolidate their positions
and dominate a market across Europe are potentially far higher than for those
that only maintain their local franchises.
Overall, a new European culture that favors investing is also contributing to
the market surge. Historically bank savers, Europeans are now turning to
equities, helping markets become broader, larger, and more liquid.
Q DID YOU IMPLEMENT ANY CHANGES IN THE PORTFOLIO DURING THE SIX-MONTH
PERIOD?
A Our investment strategy remains essentially unchanged. In an environment
of disinflation, we are looking for companies with the ability to maintain
prices and margins in the face of relentless competition. This approach leads
us to prefer world-class companies in the UK, where we find media and
financial services stocks attractive.
Despite recent weakness, we are also bullish on the outlook for the stock
markets of Australia and New Zealand, and slightly increased our allocation
to this region over the period. We believe corporate profits are set to
recover at a time when equity valuations are relatively attractive. We are,
however, avoiding stocks exposed to softness in commodity prices.
While we continue to hold particular world-class stocks in continental Europe
(especially in media, telecommunications, pharmaceuticals and service
industries such as management consulting), we have been reducing our
weighting to this region. After a very strong bull run, valuations appear to
now discount the cyclical upturn in earnings. We are also concerned that many
European bond markets are vulnerable to any setback in European Economic and
Monetary Union (EMU).
Our exposure to the U.S. remained constant at about 42%. Steady U.S. economic
growth provided a basis for continued gains in corporate earnings during the
first half of 1998. Additionally, the long-term downward trend in interest
rates created a favorable environment for continuing economic growth and may
lead to further expansion in the earnings multiples investors are willing to
pay. Against this background,
CONTINUED P.4
(5) The MSCI World Index is a market value-weighted average of the
performance of 1,571 securities listed on major world stock exchanges--the
U.S., Europe, Canada, Australia, New Zealand and the Far East. It includes
the effect of reinvested dividends and is measured in U.S. dollars. Indices
are unmanaged, not available for direct investment and do not include the
effects of sales charges and professional management fees.
3
<PAGE>
INTERVIEW WITH PORTFOLIO MANAGEMENT TEAM CONTINUED
the Fund's holdings produced favorable returns, with Chase Manhattan Corp.,
Ford Motor Co. and Warner-Lambert among the notable performers.
The Fund continues to maintain minimal exposure to Japan, where we feel the
government has not done nearly enough to restore the country's banking
system, economy and property market to health. We also remain pessimistic
about the outlook for the East Asian newly industrializing countries.
However, we have found selective opportunities in emerging markets elsewhere.
Q RELATIVE TO THE INDEX, HOW HAS THE FUND'S UNDERWEIGHTING IN JAPAN
CONTRIBUTED TO PERFORMANCE?
A The Fund has continued to benefit from its underweighted position in
Japan. With the Japanese banking system in disarray, we firmly believe, as we
have for some time, that political leaders need to shut down insolvent banks
and further address the tremendous number of bad loans. Moreover, the failure
of Japanese banks to provide the necessary amount of capital to get the
economy going has contributed to weakness.
Additionally, we believe the government should increase the money supply and
cut income and corporate taxes to stimulate domestic demand. Due to the lack
of confidence in their economy and financial institutions, many Japanese are
hoarding cash instead of spending it.
In this economic environment we continue to believe four kinds of stocks may
grow: those that can take advantage of major trends, such as the graying of
Japan; beneficiaries of the yen's long-term weakness; companies entering new
markets; and businesses that can maintain pricing power. Within this
framework, we have identified such companies as Canon, Inc., Asahi Breweries
and Takeda Chemical Industries, a leading pharmaceutical manufacturer.
Q WHAT ARE YOUR EXPECTATIONS FOR THE FUND OVER THE REMAINDER OF THE YEAR?
A In general, we expect to continue focusing on high-quality companies that
provide broad portfolio diversification, with a goal of achieving predictable
and consistent returns.
More specifically, we believe the Fund is well positioned to take advantage
of opportunities in the European marketplace during the rest of this year,
where consolidation and restructuring will continue to be the key themes.
Most European companies have a long way to go before they can provide the
kind of returns investors expect from U.S. companies, but many companies are
committed to streamlining operations and improving profitability. We predict
inflation will remain subdued and European economies will strengthen. Long
term, we will be watching EMU to see how markets are affected.
In the U.S., we remain cautiously optimistic. It is difficult to imagine,
given the current economic background, that interest rates will move.
Inflation seems likely to remain contained as global competition and lower
energy costs offset the inflationary potential of tight labor markets. The
Federal Reserve Board has left rates unchanged for more than a year.
The Fund is likely to remain conservatively positioned in Asia, with an
underweighted position in Japan and limited exposure to the rest of the
region. Given the severity of Asia's problems, we expect markets there to
remain volatile.
In Latin America, we sold off our small position in Mexico, while continuing
to maintain an exposure to Brazil where our current stock selection
concentrates on privatization plays. These companies tend to be less exposed
to the economy, which has been sluggish recently, yet are positively affected
by progress on political reform and privatization. We believe these stocks
should also benefit from any further recovery in sentiment toward the
country.
SECTOR ALLOCATION OF NET ASSETS %
JUNE 30, 1998
<TABLE>
<CAPTION>
<S> <C>
Finance 32.8
Services 24.1
Health Care 10.1
Materials/Basic Industry 7.0
Technology 5.1
Consumer Durables 4.6
Consumer Non-Durables 4.4
Capital Goods 3.8
Energy 3.3
Multi-Industry/Misc. 0.6
Short Term & Other 4.2
</TABLE>
A complete listing of holdings and allocations may be found in the Investment
Portfolio section of this report.
4
<PAGE>
AIM WORLDWIDE
GROWTH FUND
(FORMERLY
GT GLOBAL
WORLDWIDE
GROWTH FUND)
FINANCIAL
STATEMENTS
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
PORTFOLIO OF INVESTMENTS
June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VALUE % OF NET
EQUITY INVESTMENTS COUNTRY SHARES (NOTE 1) ASSETS
- ------------------------------------------------------------- -------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
Finance (32.8%)
SLM Holding Corp. ......................................... US 92,000 $ 4,508,001 3.2
OTHER FINANCIAL
Chase Manhattan Corp. ..................................... US 55,600 4,197,797 3.0
BANKS-MONEY CENTER
Citicorp .................................................. US 26,200 3,910,350 2.8
BANKS-MONEY CENTER
Travelers Group, Inc. ..................................... US 58,400 3,540,500 2.6
INSURANCE - MULTI-LINE
ING Groep N.V. ............................................ NETH 39,487 2,587,401 1.9
BANKS-MONEY CENTER
Royal & Sun Alliance Insurance Group PLC .................. UK 235,000 2,430,832 1.8
INSURANCE - MULTI-LINE
UBS AG - Registered-/- .................................... SWTZ 6,521 2,426,573 1.7
BANKS-MONEY CENTER
Australia & New Zealand Banking Group Ltd. ................ AUSL 350,000 2,420,837 1.7
BANKS-REGIONAL
Nordbanken Holding AB ..................................... SWDN 325,006 2,385,403 1.7
BANKS-REGIONAL
Schroders PLC ............................................. UK 84,000 2,168,375 1.6
BANKS-MONEY CENTER
Abbey National PLC ........................................ UK 117,000 2,080,564 1.5
BANKS-SUPER REGIONAL
Lloyds TSB Group PLC ...................................... UK 139,000 1,946,093 1.4
BANKS-REGIONAL
ForeningsSparbanken AB .................................... SWDN 59,720 1,798,231 1.3
BANKS-REGIONAL
Royal Bank of Canada ...................................... CAN 27,200 1,635,659 1.2
BANKS-REGIONAL
Bank Hapoalim Ltd.-/- ..................................... ISRL 437,400 1,324,623 1.0
BANKS-REGIONAL
HSBC Holdings PLC ......................................... HK 51,496 1,259,567 0.9
BANKS-MONEY CENTER
Old Mutual South Africa Trust PLC ......................... UK 661,500 1,253,636 0.9
REAL ESTATE INVESTMENT TRUST
State Bank of India Ltd. - Reg. S GDR-/- {c} {\/} ......... IND 104,140 1,228,852 0.9
BANKS-REGIONAL
Kokusai Securities Co., Ltd. .............................. JPN 103,000 1,020,540 0.7
SECURITIES BROKER
Nichiei Co., Ltd. ......................................... JPN 9,900 675,895 0.5
OTHER FINANCIAL
United Overseas Bank Ltd. - Foreign ....................... SING 152,000 472,609 0.3
BANKS-MONEY CENTER
Kookmin Bank-/- ........................................... KOR 73,781 274,659 0.2
BANKS-MONEY CENTER
------------
45,546,997
------------
</TABLE>
The accompanying notes are an integral part of the financial statements.
F1
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
PORTFOLIO OF INVESTMENTS (cont'd)
June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VALUE % OF NET
EQUITY INVESTMENTS COUNTRY SHARES (NOTE 1) ASSETS
- ------------------------------------------------------------- -------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
Services (24.1%)
Federated Department Stores, Inc.-/- ...................... US 67,900 $ 3,653,869 2.6
RETAILERS-APPAREL
Service Corporation International ......................... US 71,400 3,061,275 2.2
CONSUMER SERVICES
EMI Group PLC ............................................. UK 333,000 2,913,541 2.1
LEISURE & TOURISM
CVS Corp. ................................................. US 74,800 2,912,525 2.1
RETAILERS-OTHER
Woolworths Ltd. ........................................... AUSL 813,000 2,650,099 1.9
RETAILERS-OTHER
EMAP PLC .................................................. UK 118,000 2,387,978 1.7
BROADCASTING & PUBLISHING
Telecom Italia SpA ........................................ ITLY 321,900 2,353,629 1.7
TELEPHONE NETWORKS
Vodafone Group PLC ........................................ UK 182,000 2,311,087 1.7
WIRELESS COMMUNICATIONS
Telecom Corporation of New Zealand Ltd. - ADR{\/} ......... NZ 68,000 2,227,000 1.6
TELEPHONE NETWORKS
Koninklijke Ahold N.V. .................................... NETH 56,959 1,829,704 1.3
RETAILERS-FOOD
Reuters Group PLC ......................................... UK 155,133 1,774,355 1.3
BROADCASTING & PUBLISHING
Telecel - Comunicacaoes Pessoais S.A. ..................... PORT 9,661 1,716,953 1.2
WIRELESS COMMUNICATIONS
SPT Telecom-/- ............................................ CZCH 121,000 1,670,473 1.2
TELEPHONE NETWORKS
Telecomunicacoes Brasileiras S.A. (Telebras) - ADR{\/} .... BRZL 11,500 1,255,656 0.9
TELEPHONE NETWORKS
Telstra Corp. Ltd. - Installment Receipts ................. AUSL 333,100 856,224 0.6
TELEPHONE NETWORKS
------------
33,574,368
------------
Health Care (10.1%)
Warner-Lambert Co. ........................................ US 59,200 4,107,000 3.0
PHARMACEUTICALS
Bristol Myers Squibb Co. .................................. US 30,900 3,551,569 2.6
PHARMACEUTICALS
Nycomed Amersham PLC ...................................... UK 286,418 2,134,146 1.5
PHARMACEUTICALS
Roche Holding AG .......................................... SWTZ 189 1,857,452 1.3
PHARMACEUTICALS
Richter Gedeon Rt. - Reg S GDR-/- {c} {\/} ................ HGRY 16,200 1,291,950 0.9
PHARMACEUTICALS
Takeda Chemical Industries ................................ JPN 39,000 1,040,790 0.8
PHARMACEUTICALS
------------
13,982,907
------------
</TABLE>
The accompanying notes are an integral part of the financial statements.
F2
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
PORTFOLIO OF INVESTMENTS (cont'd)
June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VALUE % OF NET
EQUITY INVESTMENTS COUNTRY SHARES (NOTE 1) ASSETS
- ------------------------------------------------------------- -------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
Materials/Basic Industry (7.0%)
Monsanto Co. .............................................. US 56,200 $ 3,140,175 2.3
CHEMICALS
Millenium Chemicals, Inc. ................................. US 79,400 2,689,675 1.9
CHEMICALS
Akzo Nobel N.V. ........................................... NETH 8,790 1,955,351 1.4
CHEMICALS
Imperial Chemical Industries PLC - ADR{\/} ................ UK 29,400 1,896,300 1.4
CHEMICALS
------------
9,681,501
------------
Technology (5.1%)
Compaq Computer Corp. ..................................... US 99,200 2,814,800 2.0
COMPUTERS & PERIPHERALS
Intel Corp. ............................................... US 36,900 2,735,213 2.0
SEMICONDUCTORS
Texas Instruments, Inc. ................................... US 25,844 1,507,028 1.1
SEMICONDUCTORS
------------
7,057,041
------------
Consumer Durables (4.6%)
Ford Motor Co. ............................................ US 30,400 1,793,600 1.3
AUTOMOBILES
Futuris Corp., Ltd. ....................................... AUSL 2,000,000 1,763,318 1.3
AUTO PARTS
Volvo AB "B" .............................................. SWDN 51,200 1,525,626 1.1
AUTOMOBILES
Mabuchi Motor Co., Ltd. ................................... JPN 20,000 1,272,872 0.9
AUTOMOBILES
------------
6,355,416
------------
Consumer Non-Durables (4.4%)
Diageo PLC ................................................ UK 164,160 1,946,128 1.4
BEVERAGES - ALCOHOLIC
RJR Nabisco Holdings Corp. ................................ US 61,300 1,455,875 1.1
TOBACCO
Asahi Breweries Ltd. ...................................... JPN 95,000 1,202,358 0.9
BEVERAGES - ALCOHOLIC
Gucci Group - NY Registered Shares{\/} .................... NETH 16,600 879,800 0.6
TEXTILES & APPAREL
Amway Japan Ltd. .......................................... JPN 55,400 588,978 0.4
HOUSEHOLD PRODUCTS
------------
6,073,139
------------
Capital Goods (3.8%)
Textron, Inc. ............................................. US 34,500 2,473,219 1.8
AEROSPACE/DEFENSE
Alcatel Alsthom Compagnie Generale d'Electricite .......... FR 8,310 1,692,187 1.2
TELECOM EQUIPMENT
</TABLE>
The accompanying notes are an integral part of the financial statements.
F3
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
PORTFOLIO OF INVESTMENTS (cont'd)
June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
VALUE % OF NET
EQUITY INVESTMENTS COUNTRY SHARES (NOTE 1) ASSETS
- ------------------------------------------------------------- -------- ----------- ------------ -------------
<S> <C> <C> <C> <C>
Capital Goods (Continued)
Canon, Inc. ............................................... JPN 50,000 $ 1,139,076 0.8
OFFICE EQUIPMENT
------------
5,304,482
------------
Energy (3.3%)
Shell Transport & Trading Co., PLC ........................ UK 265,000 1,867,257 1.3
OIL
Petroleum Geo-Services ASA-/- ............................. NOR 49,240 1,536,440 1.1
ENERGY EQUIPMENT & SERVICES
Petroleo Brasileiro S.A. (Petrobras) - ADR{\/} ............ BRZL 64,800 1,198,800 0.9
GAS PRODUCTION & DISTRIBUTION
------------
4,602,497
------------
Multi-Industry/Miscellaneous (0.6%)
Shanghai Industrial Holdings Ltd. ......................... HK 370,000 871,571 0.6
MULTI-INDUSTRY
------------ -----
TOTAL EQUITY INVESTMENTS (cost $109,904,796) ................ 133,049,919 95.8
------------ -----
<CAPTION>
VALUE % OF NET
REPURCHASE AGREEMENT (NOTE 1) ASSETS
- ------------------------------------------------------------- ------------ -------------
<S> <C> <C> <C> <C>
Dated June 30, 1998, with State Street Bank & Co., due July
1, 1998, for an effective yield of 5.70%, collateralized
by $11,960,000 U.S. Treasury Bills, 5.75% due 12/31/98
(market value of collateral is $11,974,950, including
accrued interest). (cost $11,738,000) ................... 11,738,000 8.4
------------ -----
TOTAL INVESTMENTS (cost $121,642,796) * .................... 144,787,919 104.2
Other Assets and Liabilities ................................ (5,861,658) (4.2)
------------ -----
NET ASSETS .................................................. $138,926,261 100.0
------------ -----
------------ -----
</TABLE>
- --------------
{\/} U.S. currency denominated.
-/- Non-income producing security.
{c} Security issued under Regulation S. Rule 144A and additional
restrictions may apply in the resale of such securities.
* For Federal income tax purposes, cost is $122,098,557 and
appreciation (depreciation) is as follows:
<TABLE>
<S> <C>
Unrealized appreciation: $ 30,443,660
Unrealized depreciation: (7,754,298)
-------------
Net unrealized appreciation: $ 22,689,362
-------------
-------------
</TABLE>
Abbreviations:
ADR--American Depositary Receipt
GDR--Global Depositary Receipt
The accompanying notes are an integral part of the financial statements.
F4
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
PORTFOLIO OF INVESTMENTS (cont'd)
June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
The Fund's Portfolio of Investments at June 30, 1998, was concentrated in the
following countries:
<TABLE>
<CAPTION>
PERCENTAGE OF NET ASSETS {D}
--------------------------------
SHORT-TERM
COUNTRY (COUNTRY CODE/CURRENCY CODE) EQUITY & OTHER TOTAL
- -------------------------------------- ---------- ----------- ------
<S> <C> <C> <C>
Australia (AUSL/AUD) ................. 5.5 5.5
Brazil (BRZL/BRL) .................... 1.8 1.8
Canada (CAN/CAD) ..................... 1.2 1.2
Czech Republic (CZCH/CSK) ............ 1.2 1.2
France (FR/FRF) ...................... 1.2 1.2
Hong Kong (HK/HKD) ................... 1.5 1.5
Hungary (HGRY/HUF) ................... 0.9 0.9
India (IND/INR) ...................... 0.9 0.9
Israel (ISRL/ILS) .................... 1.0 1.0
Italy (ITLY/ITL) ..................... 1.7 1.7
Japan (JPN/JPY) ...................... 5.0 5.0
Korea (KOR/KRW) ...................... 0.2 0.2
Netherlands (NETH/NLG) ............... 5.2 5.2
New Zealand (NZ/NZD) ................. 1.6 1.6
Norway (NOR/NOK) ..................... 1.1 1.1
Portugal (PORT/PTE) .................. 1.2 1.2
Singapore (SING/SGD) ................. 0.3 0.3
Sweden (SWDN/SEK) .................... 4.1 4.1
Switzerland (SWTZ/CHF) ............... 3.0 3.0
United Kingdom (UK/GBP) .............. 19.6 19.6
United States (US/USD) ............... 37.6 4.2 41.8
----- --- ------
Total ............................... 95.8 4.2 100.0
----- --- ------
----- --- ------
</TABLE>
- --------------
{d} Percentages indicated are based on net assets of $138,926,261.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING
JUNE 30, 1998 (UNAUDITED)
<TABLE>
<CAPTION>
MARKET
VALUE
(U.S. CONTRACT DELIVERY UNREALIZED
CONTRACTS TO SELL: DOLLARS) PRICE DATE APPRECIATION
- ---------------------------------------- ---------- --------- ------- -------------
<S> <C> <C> <C> <C>
British Pounds.......................... 5,337,595 0.59400 7/20/98 $ 49,605
French Francs........................... 1,094,325 5.94360 8/6/98 16,113
Japanese Yen............................ 2,254,774 130.50000 8/6/98 120,705
Japanese Yen............................ 2,256,752 130.86000 8/12/98 112,192
Swiss Francs............................ 1,131,122 1.47770 9/21/98 19,314
---------- -------------
Total Contracts to Sell (Receivable
amount $12,392,497).................. 12,074,568 $ 317,929
---------- -------------
THE VALUE OF CONTRACTS TO SELL AS
PERCENTAGE OF NET ASSETS IS 8.69%
Total Open Forward Foreign Currency
Contracts............................ $ 317,929
-------------
-------------
</TABLE>
- ----------------
See Note 1 to the financial statements.
The accompanying notes are an integral part of the financial statements.
F5
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
STATEMENT OF ASSETS
AND LIABILITIES
June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Assets:
Investments in securities, at value (cost $121,642,796) (Note 1)............................. $144,787,919
U.S. currency..................................................................... $ 701
Foreign currencies (cost $11,376)................................................. 11,376 12,077
---------
Receivable for open forward foreign currency contracts (Note 1).............................. 317,929
Dividends and dividend withholding tax reclaims receivable................................... 285,982
Receivable for Fund shares sold.............................................................. 7,508
Interest receivable.......................................................................... 1,859
-----------
Total assets............................................................................... 145,413,274
-----------
Liabilities:
Payable for Fund shares repurchased.......................................................... 5,999,730
Payable for investment management and administration fees (Note 2)........................... 114,066
Payable for transfer agent fees (Note 2)..................................................... 110,943
Payable for printing and postage expenses.................................................... 92,874
Payable for service and distribution expenses (Note 2)....................................... 63,646
Payable for custodian fees................................................................... 30,896
Payable for professional fees................................................................ 28,206
Payable for securities purchased............................................................. 25,005
Payable for registration and filing fees..................................................... 10,549
Payable for Trustees' fees and expenses (Note 2)............................................. 4,581
Payable for fund accounting fees (Note 2).................................................... 2,102
Other accrued expenses....................................................................... 4,415
-----------
Total liabilities.......................................................................... 6,487,013
-----------
Net assets..................................................................................... $138,926,261
-----------
-----------
Class A:
Net asset value and redemption price per share ($95,789,457 DIVIDED BY 6,010,096 shares
outstanding).................................................................................. $ 15.94
-----------
-----------
Maximum offering price per share (100/94.5 of $15.94) *........................................ $ 16.87
-----------
-----------
Class B:+
Net asset value and offering price per share ($41,963,181 DIVIDED BY 2,762,324 shares
outstanding).................................................................................. $ 15.19
-----------
-----------
Advisor Class:
Net asset value, offering price per share, and redemption price per share ($1,173,623 DIVIDED
BY 72,854 shares outstanding)................................................................. $ 16.11
-----------
-----------
Net assets consist of:
Paid in capital (Note 4)..................................................................... $103,912,599
Undistributed net investment income.......................................................... 167,690
Accumulated net realized gain on investments and foreign currency transactions............... 11,383,706
Net unrealized appreciation on translation of assets and liabilities in foreign currencies... 317,143
Net unrealized appreciation of investments................................................... 23,145,123
-----------
Total -- representing net assets applicable to capital shares outstanding...................... $138,926,261
-----------
-----------
<FN>
- --------------
* On sales of $25,000 or more, the offering price is reduced.
+ Redemption price per share is equal to the net asset value per share less
any applicable contingent deferred sales charge.
</TABLE>
The accompanying notes are an integral part of the financial statements.
F6
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
STATEMENT OF OPERATIONS
Six months ended June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Investment income: (Note 1)
Dividend income (net of foreign withholding tax of $128,555)............................... $1,344,061
Interest income............................................................................ 211,993
Securities lending income.................................................................. 60,268
----------
Total investment income.................................................................. 1,616,322
----------
Expenses:
Investment management and administration fees (Note 2)..................................... 730,851
Service and distribution expenses: (Note 2)
Class A....................................................................... $ 179,462
Class B....................................................................... 224,655 404,117
---------
Transfer agent fees (Note 2)............................................................... 215,028
Custodian fees............................................................................. 49,232
Printing and postage expenses (Note 2)..................................................... 34,933
Registration and filing fees............................................................... 34,503
Audit fees................................................................................. 24,978
Legal fees................................................................................. 20,747
Fund accounting fees....................................................................... 20,266
Trustees' fees and expenses (Note 2)....................................................... 6,154
Other expenses (Note 1).................................................................... 6,048
----------
Total expenses before reductions......................................................... 1,546,857
----------
Expense reductions (Note 5)............................................................ (2,929)
----------
Total net expenses....................................................................... 1,543,928
----------
Net investment income........................................................................ 72,394
----------
Net realized and unrealized gain on investments and foreign currencies: (Note 1)
Net realized gain on investments................................................ 9,255,158
Net realized gain on foreign currency transactions.............................. 745,466
---------
Net realized gain during the period...................................................... 10,000,624
Net change in unrealized appreciation on translation of assets and liabilities
in foreign currencies.......................................................... (341,260)
Net change in unrealized appreciation of investments............................ 7,779,189
---------
Net unrealized appreciation during the period............................................ 7,437,929
----------
Net realized and unrealized gain on investments and foreign currencies....................... 17,438,553
----------
Net increase in net assets resulting from operations......................................... $17,510,947
----------
----------
</TABLE>
The accompanying notes are an integral part of the financial statements.
F7
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
STATEMENTS OF CHANGES IN NET ASSETS
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
SIX MONTHS
ENDED YEAR ENDED
JUNE 30, 1998 DECEMBER 31,
(UNAUDITED) 1997
------------- -------------
<S> <C> <C>
Decrease in net assets
Operations:
Net investment income..................................................... $ 72,394 $ 212,595
Net realized gain on investments and foreign currency transactions........ 10,000,624 28,144,058
Net change in unrealized appreciation (depreciation) on translation of
assets and liabilities in foreign currencies............................. (341,260) 162,616
Net change in unrealized appreciation (depreciation) of investments....... 7,779,189 (11,824,112)
------------- -------------
Net increase in net assets resulting from operations.................... 17,510,947 16,695,157
------------- -------------
Class A:
Distributions to shareholders: (Note 1)
From net investment income................................................ -- (109,138)
From net realized gain on investments..................................... -- (22,666,381)
Class B:
Distributions to shareholders: (Note 1)
From net realized gain on investments..................................... -- (10,444,406)
Advisor Class:
Distributions to shareholders: (Note 1)
From net investment income................................................ -- (8,161)
From net realized gain on investments..................................... -- (358,231)
------------- -------------
Total distributions..................................................... -- (33,586,317)
------------- -------------
Capital share transactions: (Note 4)
Increase from capital shares sold and reinvested.......................... 206,230,402 243,618,368
Decrease from capital shares repurchased.................................. (236,221,895) (256,140,244)
------------- -------------
Net decrease from capital share transactions............................ (29,991,493) (12,521,876)
------------- -------------
Total decrease in net assets................................................ (12,480,546) (29,413,036)
Net assets:
Beginning of period....................................................... 151,406,807 180,819,843
------------- -------------
End of period *........................................................... $138,926,261 $151,406,807
------------- -------------
------------- -------------
* Includes undistributed net investment income of.......................... $ 167,690 $ 95,296
------------- -------------
------------- -------------
</TABLE>
The accompanying notes are an integral part of the financial statements.
F8
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
FINANCIAL HIGHLIGHTS
- --------------------------------------------------------------------------------
Contained below is per share operating performance data for a share outstanding
throughout the period, total investment return, ratios and supplemental data.
This information has been derived from information provided in the financial
statements.
<TABLE>
<CAPTION>
Class A+
-------------------------------------------------------------------------
SIX MONTHS
ENDED
JUNE 30, Year ended December 31,
1998 ----------------------------------------------------------
(UNAUDITED)(d) 1997 1996(d) 1995(d) 1994 1993(d)
------------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Per Share Operating Performance:
Net asset value, beginning of period.... $ 14.26 $ 16.71 $ 16.82 $ 15.53 $ 17.47 $ 14.47
------------- ---------- ---------- ---------- ---------- ----------
Income from investment operations:
Net investment income (loss).......... 0.02 0.05 0.03 -- -- 0.04
Net realized and unrealized gain
(loss) on investments................ 1.66 1.55 1.79 1.74 (1.16) 3.92
------------- ---------- ---------- ---------- ---------- ----------
Net increase (decrease) from
investment operations.............. 1.68 1.60 1.82 1.74 (1.16) 3.96
------------- ---------- ---------- ---------- ---------- ----------
Distributions to shareholders:
From net investment income............ -- (0.02) -- -- -- --
From net realized gain on
investments.......................... -- (4.03) (1.93) (0.45) (0.78) (0.96)
------------- ---------- ---------- ---------- ---------- ----------
Total distributions................. -- (4.05) (1.93) (0.45) (0.78) (0.96)
------------- ---------- ---------- ---------- ---------- ----------
Net asset value, end of period.......... $ 15.94 $ 14.26 $ 16.71 $ 16.82 $ 15.53 $ 17.47
------------- ---------- ---------- ---------- ---------- ----------
------------- ---------- ---------- ---------- ---------- ----------
Total investment return (c)............. 11.78%(b) 10.00% 10.92% 11.23% (6.65)% 27.6%
Ratios and supplemental data:
Net assets, end of period (in 000's).... $ 95,789 $ 103,769 $ 125,556 $ 145,982 $ 182,467 $ 193,997
Ratio of net investment income (loss) to
average net assets:
With expense reductions (Note 5)...... 0.28%(a) 0.32% 0.14% (0.06)% (0.01)% 0.9%
Without expense reductions............ 0.28%(a) 0.23% 0.06% (0.12)% (0.04)% N/A
Ratio of operating expenses to average
net assets:
With expense reductions (Note 5)...... 1.87%(a) 1.73% 1.72% 1.87% 1.81% 1.9%
Without expense reductions............ 1.87%(a) 1.82% 1.80% 1.93% 1.84% N/A
Portfolio turnover rate++++............. 34%(a) 92% 80% 113% 86% 92%
</TABLE>
- ----------------
(a) Annualized
(b) Not annualized
(c) Total investment return does not include sales charges.
(d) Calculated based upon average shares outstanding during the period.
+ All capital shares issued and outstanding as of March 31, 1993, were
reclassified as Class A shares
++ Commencing April 1, 1993, the Fund began offering Class B shares.
+++ Commencing June 1, 1995, the Fund began offering Advisor Class shares.
++++ Portfolio turnover rates are calculated on the basis of the Fund as a
whole without distinguishing between the classes of shares issued.
N/A Not Applicable
The accompanying notes are an integral part of the financial statements.
F9
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
FINANCIAL HIGHLIGHTS (cont'd)
- --------------------------------------------------------------------------------
Contained below is per share operating performance data for a share outstanding
throughout the period, total investment return, ratios and supplemental data.
This information has been derived from information provided in the financial
statements.
<TABLE>
<CAPTION>
Class B++
----------------------------------------------------------------------------
SIX MONTHS
ENDED April 1, 1993
JUNE 30, Year ended December 31, to
1998 ---------------------------------------------- December 31,
(UNAUDITED)(d) 1997 1996(d) 1995(d) 1994 1993(d)
------------- ---------- ---------- ---------- ---------- -------------
<S> <C> <C> <C> <C> <C> <C>
Per Share Operating Performance:
Net asset value, beginning of period.... $ 13.64 $ 16.23 $ 16.50 $ 15.34 $ 17.39 $ 15.67
------------- ---------- ---------- ---------- ---------- -------------
Income from investment operations:
Net investment income (loss).......... (0.03) (0.05) (0.09) (0.12) (0.11) (0.04)
Net realized and unrealized gain
(loss) on investments................ 1.58 1.49 1.75 1.73 (1.16) 2.72
------------- ---------- ---------- ---------- ---------- -------------
Net increase (decrease) from
investment operations.............. 1.55 1.44 1.66 1.61 (1.27) 2.68
------------- ---------- ---------- ---------- ---------- -------------
Distributions to shareholders:
From net investment income............ -- -- -- -- -- --
From net realized gain on
investments.......................... -- (4.03) (1.93) (0.45) (0.78) (0.96)
------------- ---------- ---------- ---------- ---------- -------------
Total distributions................. -- (4.03) (1.93) (0.45) (0.78) (0.96)
------------- ---------- ---------- ---------- ---------- -------------
Net asset value, end of period.......... $ 15.19 $ 13.64 $ 16.23 $ 16.50 $ 15.34 $ 17.39
------------- ---------- ---------- ---------- ---------- -------------
------------- ---------- ---------- ---------- ---------- -------------
Total investment return (c)............. 11.45%(b) 9.22% 10.16% 10.52% (7.32)% 17.3%(b)
Ratios and supplemental data:
Net assets, end of period (in 000's).... $ 41,963 $ 45,010 $ 52,809 $ 56,095 $ 52,567 $ 20,592
Ratio of net investment income (loss) to
average net assets:
With expense reductions (Note 5)...... (0.37)%(a) (0.33)% (0.51)% (0.71)% (0.66)% (0.4)%(a)
Without expense reductions............ (0.37)%(a) (0.42)% (0.59)% (0.77)% (0.69)% N/A
Ratio of operating expenses to average
net assets:
With expense reductions (Note 5)...... 2.52%(a) 2.38% 2.37% 2.52% 2.46% 2.5%(a)
Without expense reductions............ 2.52%(a) 2.47% 2.45% 2.58% 2.49% N/A
Portfolio turnover rate++++............. 34%(a) 92% 80% 113% 86% 92%(a)
</TABLE>
- ----------------
(a) Annualized
(b) Not annualized
(c) Total investment return does not include sales charges.
(d) Calculated based upon average shares outstanding during the period.
+ All capital shares issued and outstanding as of March 31, 1993, were
reclassified as Class A shares
++ Commencing April 1, 1993, the Fund began offering Class B shares.
+++ Commencing June 1, 1995, the Fund began offering Advisor Class shares.
++++ Portfolio turnover rates are calculated on the basis of the Fund as a
whole without distinguishing between the classes of shares issued.
N/A Not Applicable
The accompanying notes are an integral part of the financial statements.
F10
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
FINANCIAL HIGHLIGHTS (cont'd)
- --------------------------------------------------------------------------------
Contained below is per share operating performance data for a share outstanding
throughout the period, total investment return, ratios and supplemental data.
This information has been derived from information provided in the financial
statements.
<TABLE>
<CAPTION>
Advisor Class+++
-----------------------------------------------------
SIX MONTHS
ENDED Year ended December June 1, 1995
JUNE 30, 31, to
1998 ---------------------- December 31,
(UNAUDITED)(d) 1997 1996(d) 1995
-------------- ---------- ---------- -------------
<S> <C> <C> <C> <C>
Per Share Operating Performance:
Net asset value, beginning of period.... $ 14.38 $ 16.81 $ 16.86 $ 15.26
-------------- ---------- ---------- -------------
Income from investment operations:
Net investment income (loss).......... 0.05 0.12 0.09 0.03
Net realized and unrealized gain
(loss) on investments................ 1.68 1.57 1.79 2.02
-------------- ---------- ---------- -------------
Net increase (decrease) from
investment operations.............. 1.73 1.69 1.88 2.05
-------------- ---------- ---------- -------------
Distributions to shareholders:
From net investment income............ -- (0.09) -- --
From net realized gain on
investments.......................... -- (4.03) (1.93) (0.45)
-------------- ---------- ---------- -------------
Total distributions................. -- (4.12) (1.93) (0.45)
-------------- ---------- ---------- -------------
Net asset value, end of period.......... $ 16.11 $ 14.38 $ 16.81 $ 16.86
-------------- ---------- ---------- -------------
-------------- ---------- ---------- -------------
Total investment return (c)............. 11.96 %(b) 10.43% 11.31% 13.46%(b)
Ratios and supplemental data:
Net assets, end of period (in 000's).... $ 1,174 $ 2,627 $ 2,455 $ 1,693
Ratio of net investment income (loss) to
average net assets:
With expense reductions (Note 5)...... 0.63 %(a) 0.67% 0.49% 0.29%(a)
Without expense reductions............ 0.63 %(a) 0.58% 0.41% 0.23%(a)
Ratio of operating expenses to average
net assets:
With expense reductions (Note 5)...... 1.52 %(a) 1.38% 1.37% 1.52%(a)
Without expense reductions............ 1.52 %(a) 1.47% 1.45% 1.58%(a)
Portfolio turnover rate++++............. 34 %(a) 92% 80% 113%(a)
</TABLE>
- ----------------
(a) Annualized
(b) Not annualized
(c) Total investment return does not include sales charges.
(d) Calculated based upon average shares outstanding during the period.
+ All capital shares issued and outstanding as of March 31, 1993, were
reclassified as Class A shares
++ Commencing April 1, 1993, the Fund began offering Class B shares.
+++ Commencing June 1, 1995, the Fund began offering Advisor Class shares.
++++ Portfolio turnover rates are calculated on the basis of the Fund as a
whole without distinguishing between the classes of shares issued.
N/A Not Applicable
The accompanying notes are an integral part of the financial statements.
F11
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
NOTES TO FINANCIAL STATEMENTS
June 30, 1998 (Unaudited)
- --------------------------------------------------------------------------------
1. SIGNIFICANT ACCOUNTING POLICIES (SEE ALSO NOTE 2)
AIM Worldwide Growth Fund (the "Fund" formerly, GT Global Worldwide Growth
Fund), is a separate series of AIM Growth Series (the "Trust" formerly, G.T.
Global Growth Series ). The Trust is organized as a Delaware business trust and
is registered under the Investment Company Act of 1940, as amended ("1940 Act"),
as a diversified, open-end management investment company. The Trust has eight
series of shares in operation, each series corresponding to a distinct portfolio
of investments.
The Fund offers Class A, Class B, and Advisor Class shares, each of which has
equal rights as to assets and voting privileges. Class A and Class B each has
exclusive voting rights with respect to its distribution plan. Investment
income, realized and unrealized capital gains and losses, and the common
expenses of the Fund are allocated on a pro rata basis to each class based on
the relative net assets of each class to the total net assets of the Fund. Each
class of shares differs in its respective distribution expenses, and may differ
in its transfer agent, registration, and certain other class-specific fees and
expenses.
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of income and expenses during the reporting period. Actual
results could differ from those estimates. The following is a summary of
significant accounting policies in conformity with generally accepted accounting
principles consistently followed by the Fund in the preparation of the financial
statements.
(A) PORTFOLIO VALUATION
The Fund calculates the net asset value of Fund shares and completes orders to
purchase, exchange or repurchase Fund shares on each business day, with the
exception of those days on which the New York Stock Exchange is closed.
Equity securities are valued at the last sale price on the exchange on which
such securities are traded or on the principal over-the-counter market in which
such securities are traded, as of the close of business on the day the
securities are being valued, or, lacking any sales, at the last available bid
price. In cases where securities are traded on more than one exchange, the
securities are valued on the exchange determined by A I M Advisors, Inc. (the
"Manager") to be the primary market.
Fixed income investments are valued at the mean of representative quoted bid and
asked prices for such investments or, if such prices are not available, at
prices for investments of comparative maturity, quality and type; however, when
the Manager deems it appropriate, prices obtained for the day of valuation from
a bond pricing service will be used. Short-term investments with a maturity of
60 days or less are valued to amortized cost, adjusted for foreign exchange
translation and market fluctuation, if any.
Investments for which market quotations are not readily available (including
restricted securities which are subject to limitations on their sale) are valued
at fair value as determined in good faith by or under the direction of the
Trust's Board of Trustees.
Portfolio securities which are primarily traded on foreign exchanges are
generally valued at the preceding closing values of such securities on their
respective exchanges, and those values are then translated into U.S. dollars at
the current exchange rates, except that when an occurrence subsequent to the
time a value was so established is likely to have materially changed such value,
then the fair value of those securities will be determined by consideration of
other factors by or under the direction of the Trust's Board of Trustees.
(B) FOREIGN CURRENCY TRANSLATION
The accounting records of the Fund are maintained in U.S. dollars. The market
values of foreign securities, currency holdings, other assets and liabilities
are recorded in the books and records of the Fund after translation to U.S.
dollars based on the exchange rates on that day. The cost of each security is
determined using historical exchange rates. Income and withholding taxes are
translated at prevailing exchange rates when earned or incurred.
The Fund does not isolate that portion of the results of operations resulting
from changes in foreign exchange rates on investments from the fluctuation
arising from changes in market prices of securities held. Such fluctuations are
included with the net realized and unrealized gain or loss from investments.
Reported net realized foreign exchange gains and losses arise from sales and
maturities of short-term securities, forward foreign currency contracts, sales
of foreign currencies, currency gains or losses realized between the trade and
settlement dates on securities transactions, and the differences between the
amounts of dividends, interest, and foreign withholding taxes recorded on the
Fund's books and the U.S. dollar equivalent of the amounts actually received or
paid. Net unrealized foreign exchange gains or losses arise from changes in the
value of assets and liabilities other than investments in securities at period
end, resulting from changes in exchange rates.
(C) REPURCHASE AGREEMENTS
With respect to repurchase agreements entered into by the Fund, it is the Fund's
policy to always receive, as collateral, U.S. government securities or other
high quality debt securities of which the value, including accrued interest, is
at least equal to the amount to be repaid to the Fund under each agreement at
its maturity.
(D) FORWARD FOREIGN CURRENCY CONTRACTS
A forward foreign currency contract ("Forward Contract") is an agreement between
two parties to buy and sell a currency at a set
F12
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
price on a future date. The market value of the Forward Contract fluctuates with
changes in currency exchange rates. The Forward Contract is marked-to-market
daily and the change in market value is recorded by the Fund as an unrealized
gain or loss. When the Forward Contract is closed, the Fund records a realized
gain or loss equal to the difference between the value at the time it was opened
and the value at the time it was closed. The Fund could be exposed to risk if a
counter party is unable to meet the terms of a contract or if the value of the
currency changes unfavorably. The Fund may enter into Forward Contracts in
connection with planned purchases or sales of securities, or to hedge against
adverse fluctuations in exchange rates between currencies.
(E) OPTION ACCOUNTING PRINCIPLES
When the Fund writes a call or put option, an amount equal to the premium
received is included in the Fund's "Statement of Assets and Liabilities" as an
asset and an equivalent liability. The amount of the liability is subsequently
market-to-market to reflect the current market value of the option. The current
market value of an option listed on a traded exchange is valued at its last bid
price, or, in the case of on over-the-counter option, is valued at the average
of the last bid prices obtained from brokers, unless a quotation from only one
broker is available, in which case only that broker's price will be used. If an
option expires on its stipulated expiration date or if the Fund enters into a
closing purchase transaction, a gain or loss is realized without regard to any
unrealized gain or loss on the underlying security, and the liability related to
such option is extinguished. If a written call option is exercised, a gain or
loss is realized from the sale of the underlying security and the proceeds of
the sale are increased by the premium originally received. If a written put
option is exercised, the cost of the underlying security purchased would be
decreased by the premium originally received. The Fund can write options only on
a covered basis, which, for a call, requires that the Fund hold the underlying
security, and, for a put, requires the Fund to set aside cash, U.S. government
securities or other liquid securities in an amount not less than the exercise
price or otherwise provide adequate cover at all times while the put option is
outstanding. The Fund may use options to manage its exposure to the stock market
and to fluctuations in currency values or interest rates.
The premium paid by the Fund for the purchase of a call or put option is
included in the Fund's "Statement of Assets and Liabilities" as an investment
and subsequently "marked-to-market" to reflect the current market value of the
option. If an option which the Fund has purchased expires on the stipulated
expiration date, the Fund realizes a loss in the amount of the cost of the
option. If the Fund enters into a closing sale transaction, the Fund realizes a
gain or loss, depending on whether proceeds from the closing sale transaction
are greater or less than the cost of the option. If the Fund exercises a call
option, the cost of the securities acquired by exercising the call is increased
by the premium paid to buy the call. If the Fund exercises a put option, it
realizes a gain or loss from the sale of the underlying security, and the
proceeds from such sale are decreased by the premium originally paid.
The risk associated with purchasing options is limited to the premium originally
paid. The risk in writing a call option is that the Fund may forego the
opportunity of profit if the market value of the underlying security or index
increases and the option is exercised. The risk in writing a put option is that
the Fund may incur a loss if the market value of the underlying security or
index decreases and the option is exercised. In addition, there is the risk the
Fund may not be able to enter into a closing transaction because of an illiquid
secondary market.
(F) FUTURES CONTRACTS
A futures contract is an agreement between two parties to buy and sell a
security at a set price on a future date. Upon entering into such a contract the
Fund is required to pledge to the broker an amount of cash or securities equal
to the minimum "initial margin" requirements of the exchange on which the
contract is traded. Pursuant to the contract, the Fund agrees to receive from or
pay to the broker an amount of cash equal to the daily fluctuation in value of
the contract. Such receipts or payments are known as "variation margin" and are
recorded by the Fund as unrealized gains or losses. When the contract is closed,
the Fund records a realized gain or loss equal to the difference between the
value of the contract at the time it was opened and the value at the time it was
closed. The potential risk to the Fund is that the change in value of the
underlying securities may not correlate to the change in value of the contracts.
The Fund may use futures contracts to manage its exposure to the stock market
and to fluctuations in currency values or interest rates.
(G) SECURITY TRANSACTIONS AND RELATED INVESTMENT INCOME
Security transactions are accounted for on the trade date (date the order to buy
or sell is executed). The cost of securities sold is determined on a first-in,
first-out basis, unless otherwise specified. Dividends are recorded on the
ex-dividend date. Interest income is recorded on the accrual basis. Where a high
level of uncertainty exists as to its collection, income is recorded net of all
withholding tax with any rebate recorded when received. The Fund may trade
securities on other then normal settlement terms. This may increase the risk if
the other party to the transaction fails to deliver and causes the Fund to
subsequently invest at less advantageous prices.
(H) PORTFOLIO SECURITIES LOANED
At June 30, 1998, stocks with an aggregate value of approximately $9,461,607
were on loan to brokers. The loans were secured by cash collateral of
$9,905,382, received by the Fund. Cash collateral is received by the Fund
against loaned securities in an amount at least equal to 105% of the market
value of the loaned securities at the inception of each loan. This collateral
must be maintained at not less than 103% of the market value of the loaned
securities during the period of the loan. The cash collateral is invested in a
securities lending trust which consists of a portfolio of high quality short
duration securities whose average effective duration is restricted to 120 days
or less. For the period ended June 30, 1998, the Fund received securities
lending fees of $60,268.
F13
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
(I) TAXES
It is the policy of the Fund to meet the requirements for qualification as a
"regulated investment company" under the Internal Revenue Code of 1986, as
amended ("Code"). It is also the intention of the Fund to make distributions
sufficient to avoid imposition of any excise tax under Section 4982 of the Code.
Therefore, no provision has been made for Federal taxes on income, capital
gains, or unrealized appreciation of securities held, or excise tax on income
and capital gains.
(J) DISTRIBUTIONS TO SHAREHOLDERS
Distribution to shareholders are recorded by the Fund on the ex-date. Income and
capital gain distributions are determined in accordance with Federal income tax
regulations which may differ from generally accepted accounting principles.
These differences are primarily due to differing treatments of income and gains
on various investment securities held by the Fund and timing differences.
(K) FOREIGN SECURITIES
There are certain additional considerations and risks associated with investing
in foreign securities and currency transactions that are not inherent in
investments of domestic origin. The Fund's investments in emerging market
countries may involve greater risks than investments in more developed markets,
and the prices of such investments may be volatile. These risks of investing in
foreign and emerging markets may include foreign currency exchange rate
fluctuations, perceived credit risk, adverse political and economic developments
and possible adverse foreign government intervention.
(L) RESTRICTED SECURITIES
The Fund is permitted to invest in privately placed restricted securities. These
securities may be resold in transactions exempt from registration or to the
public if the securities are registered. Disposal of these securities may
involve time-consuming negotiations and expense, and prompt sale at an
acceptable price may be difficult.
(M) INDEXED SECURITIES
The Fund may invest in indexed securities whose value is linked either directly
or indirectly to changes in foreign currencies, interest rates, equities,
indices, or other reference instruments. Indexed securities may be more volatile
than the reference instrument itself, but any loss is limited to the amount of
the original investment.
(N) LINE OF CREDIT
The Fund, along with certain other funds advised and/or administered by the
Manager, has a line of credit with BankBoston and State Street Bank & Trust
Company. The arrangements with the banks allow the Fund and certain other funds
to borrow, on a first come, first serve basis, an aggregate maximum amount of
$250,000,000. The Fund is limited to borrowing up to 33 1/3% of the value of the
Fund's total assets. On June 30, 1998, the Fund had no loans outstanding.
For the period ended June 30, 1998, the weighted average outstanding daily
balance of bank loans (based on the number of days the loans were outstanding)
was $12,876,000 with a weighted average interest rate of 6.24%. Interest expense
for the period ended June 30, 1998 was $2,230, and is included in "Other
Expenses" on the Statement of Operations.
2. RELATED PARTIES
A I M Advisors, Inc. ("AIM" or the "Manager") is the Fund's investment manager
and administrator, and INVESCO (NY), Inc., (formerly, Chancellor LGT Asset
Management, Inc.) is the Fund's investment sub-adviser and/or sub-administrator.
As of the close of business on May 29, 1998, Liechtenstein Global Trust AG
("LGT"), the former indirect parent organization of Chancellor LGT Asset
Management, Inc. ("Chancellor LGT"), consummated a purchase agreement with
AMVESCAP PLC pursuant to which AMVESCAP PLC acquired LGT's Asset Management
Division, which included Chancellor LGT and certain other affiliates. As a
result of this transaction, Chancellor LGT was renamed INVESCO (NY), Inc., and
is now an indirect wholly-owned subsidiary of AMVESCAP PLC. In connection with
this transaction, A I M Advisors, Inc., an indirect wholly-owned subsidiary of
AMVESCAP PLC, became the investment manager and administrator of the Fund and
INVESCO (NY), Inc. became the sub-adviser and sub-administrator of the Fund.
A I M Distributors, Inc. ("AIM Distributors") became the Fund's distributor.
Finally, the Trust was reorganized from a Massachusetts business trust into a
Delaware business trust. All of the changes became effective as of the close of
business on May 29, 1998.
The Fund pays investment management and administration fees to the Manager at
the following annualized rates: 0.975% on the first $500 million of the average
daily net assets of the Fund; 0.95% on the next $500 million; 0.925% on the next
$500 million and 0.90% on amounts thereafter. These fees are computed daily and
paid monthly, and are subject to reduction in any period to the extent that the
Fund's expenses (exclusive of brokerage commissions, taxes, interest,
distribution-related expenses and extraordinary expenses) exceed the most
stringent limits prescribed by the laws or regulations of any state in which the
Fund's shares are offered for sale, based on the average total net asset value
of the Fund.
AIM Distributors, an affiliate of the Manager, serves as the Fund's distributor.
For the period ended May 29, 1998, GT Global, Inc. ("GT Global"), an affiliate
of the investment sub-advisor, served as the Fund's distributor. The Fund offers
Class A, Class B, and Advisor Class shares for purchase.
Class A shares are subject to initial sales charges imposed at the time of
purchase, in accordance with the schedule included in the Fund's current
prospectus. AIM Distributors and GT Global collected the sales charges imposed
on sales of Class A shares, and reallowed a portion of such charges to dealers
through which the sales were made. For the period ended June 30, 1998, AIM
Distributors and GT Global retained $331 and $2,657, respectively, of such sales
charges. Purchases of Class A shares exceeding $500,000 may be subject to a
contingent deferred sales charge ("CDSC") upon redemption, in accordance with
the Fund's current prospectus. No CDSC's were collected for Class A for the
period ended June 30, 1998. AIM
F14
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
Distributors also makes ongoing shareholder servicing and trail commission
payments to dealers whose clients hold Class A shares.
Class B shares are not subject to initial sales charges. When Class B shares are
sold, AIM Distributors from its own resources pays commissions to dealers
through which the sales are made. Certain redemptions of Class B shares made
within six years of purchase are subject to CDSCs, in accordance with the Fund's
current prospectus. During the period ended June 30, 1998, AIM Distributors and
GT Global collected such CDSCs in the amount of $9,640 and $103,837,
respectively. In addition, AIM Distributors makes ongoing shareholder servicing
and trail commission payments to dealers whose clients hold Class B shares.
For the period ended May 29, 1998, pursuant to the then effective separate
distribution plans adopted under the 1940 Act Rule 12b-1 by the Trust's Board of
Trustees with respect to the Fund's Class A shares ("Class A Plan") and Class B
shares ("Class B Plan"), the Fund reimbursed GT Global for a portion of its
shareholder servicing and distribution expenses. Under the Class A Plan, the
Fund was permitted to pay GT Global a service fee at the annualized rate of up
to 0.25% of the average daily net assets of the Fund's Class A shares for GT
Global's expenditures incurred in servicing and maintaining shareholder
accounts, and was permitted to pay GT Global a distribution fee at the
annualized rate of up to 0.35% of the average daily net assets of the Fund's
Class A shares, less any amounts paid by the Fund as the aforementioned service
fee, for its expenditures incurred in providing services as distributor. All
expenses for which GT Global was reimbursed under the Class A Plan would have
been incurred within one year of such reimbursement.
For the period ended May 29, 1998, pursuant to the Class B Plan, the Fund was
permitted to pay GT Global a service fee at the annualized rate of up to 0.25%
of the average daily net assets of the Fund's Class B shares for its
expenditures incurred in servicing and maintaining shareholder accounts, and was
permitted to pay GT Global a distribution fee at the annualized rate of up to
0.75% of the average daily net assets of the Fund's Class B shares for GT
Global's expenditures incurred in providing services as distributor. Expenses
incurred under the Class B Plan in excess of 1.00% annually were permitted to be
carried forward for reimbursement in subsequent years as long as that Plan
continues in effect.
Effective as of the close of business May 29, 1998, pursuant to Rule 12b-1 under
the 1940 Act, the Trust's Board of Trustees adopted a Master Distribution Plan
applicable to the Fund's Class A shares ("Class A Plan") and Class B shares
("Class B Plan"), pursuant to which a Fund compensates AIM Distributors for the
purpose of financing any activity that is intended to result in the sale of
Class A or Class B shares of the Fund. Under the Class A Plan, the Fund
compensates AIM Distributors at the annualized rate of 0.35% of the average
daily net assets of the Fund's Class A shares.
Pursuant to the Fund's Class B Plan, the Fund compensates AIM Distributors at an
annualized rate of 1.00% of the average daily net assets of the Fund's Class B
shares.
The Manager and AIM Distributors have voluntarily undertaken to limit the Fund's
expenses (exclusive of brokerage commissions, taxes,interest, and extraordinary
items) to the maximum annual level of 2.00%, 2.65%, and 1.65% of the average
daily net assets of the Fund's Class A, Class B, and Advisor Class shares,
respectively. If necessary, this limitation will be effected by waivers by the
Manager of investment management and administration fees, waivers by AIM
Distributors of payments under the Class A Plan and/or Class B Plan and/or
reimbursements by the Manager or AIM Distributors of portions of the Fund's
other operating expenses.
GT Global Investor Services, Inc. ("GT Services"), an affiliate of the Manager
and AIM Distributors, is the transfer agent of the Fund. For performing
shareholder servicing, reporting, and general transfer agent services, GT
Services receives an annual maintenance fee of $17.50 per account, a new account
fee of $4.00 per account, a per transaction fee of $1.75 for all transactions
other than exchanges and a per exchange fee of $2.25. GT Services also is
reimbursed by the Fund for its out-of-pocket expenses for such items as postage,
forms, telephone charges, stationery and office supplies.
The Manager is the pricing and accounting agent for the Fund. The monthly fee
for these services to the Manager is a percentage, not to exceed 0.03% annually,
of the Fund's average daily net assets. The annual fee rate is derived by
applying 0.03% to the first $5 billion of assets of all registered mutual funds
advised by the Manager and 0.02% to the assets in excess of $5 billion and
allocating the result according to the Fund's average daily net assets.
The Trust pays each of its Trustees who is not an employee, officer or director
of the Manager, AIM Distributors or GT Services $5,000 per year plus $300 for
each meeting of the board or any committee thereof attended by the Trustee.
3. PURCHASES AND SALES OF SECURITIES
For the period ended June 30, 1998, purchases and sales of investment securities
by the Fund, other than U.S. government obligations and short-term investments,
aggregated $19,806,884 and $43,210,209, respectively. There were no purchases or
sales of U.S. government obligations by the Fund during the period.
F15
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
4. CAPITAL SHARES
At June 30, 1998, there were an unlimited number of shares of beneficial
interest authorized, at no par value. Transactions in capital shares of the Fund
were as follows:
<TABLE>
<CAPTION>
SIX MONTHS ENDED
JUNE 30, 1998 YEAR ENDED
(UNAUDITED) DECEMBER 31, 1997
------------------------- -------------------------
CLASS A SHARES AMOUNT SHARES AMOUNT
- --------------------------------------------------------------- ----------- ------------ ----------- ------------
<S> <C> <C> <C> <C>
Shares sold.................................................... 9,222,918 $143,043,076 9,536,130 $163,326,296
Shares issued in connection with reinvestment of
distributions................................................ -- -- 1,372,411 19,227,529
----------- ------------ ----------- ------------
9,222,918 143,043,076 10,908,541 182,553,825
Shares repurchased............................................. (10,488,575) (163,123,097) (11,147,719) (193,303,890)
----------- ------------ ----------- ------------
Net decrease................................................... (1,265,657) $(20,080,021) (239,178) $(10,750,065)
----------- ------------ ----------- ------------
----------- ------------ ----------- ------------
<CAPTION>
CLASS B
- ---------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares sold.................................................... 2,281,310 $ 33,570,859 1,034,341 $ 17,020,574
Shares issued in connection with reinvestment of
distributions................................................ -- -- 688,809 9,238,884
----------- ------------ ----------- ------------
2,281,310 33,570,859 1,723,150 26,259,458
Shares repurchased............................................. (2,819,573) (41,571,005) (1,675,941) (28,047,548)
----------- ------------ ----------- ------------
Net increase (decrease)........................................ (538,263) $ (8,000,146) 47,209 $ (1,788,090)
----------- ------------ ----------- ------------
----------- ------------ ----------- ------------
<CAPTION>
ADVISOR CLASS
- ---------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares sold.................................................... 1,898,297 $ 29,616,467 1,924,783 $ 34,438,694
Shares issued in connection with reinvestment of
distributions................................................ -- -- 25,931 366,391
----------- ------------ ----------- ------------
1,898,297 29,616,467 1,950,714 34,805,085
Shares repurchased............................................. (2,008,114) (31,527,793) (1,914,043) (34,788,806)
----------- ------------ ----------- ------------
Net increase (decrease)........................................ (109,817) $ (1,911,326) 36,671 $ 16,279
----------- ------------ ----------- ------------
----------- ------------ ----------- ------------
</TABLE>
5 EXPENSE REDUCTIONS
The Manager has directed certain portfolio trades to brokers who then paid a
portion of the Fund's expenses. For the period ended June 30, 1998, the Fund's
expenses were reduced by $2,929 under these arrangements.
F16
<PAGE>
AIM WORLDWIDE GROWTH FUND
(FORMERLY GT GLOBAL WORLDWIDE GROWTH FUND)
NOTES
- --------------------------------------------------------------------------------
<PAGE>
THE AIM FAMILY OF FUNDS-REGISTERED TRADEMARK-
GROWTH FUNDS
AIM Aggressive Growth Fund(1)
AIM Blue Chip Fund
AIM Capital Development Fund
AIM Constellation Fund
AIM Mid Cap Growth Fund(2)
AIM Select Growth Fund(3)
AIM Small Cap Equity Fund(2)
AIM Small Cap Opportunities Fund
AIM Value Fund
AIM Weingarten Fund
GROWTH & INCOME FUNDS
AIM Advisor Flex Fund
AIM Advisor Large Cap Value Fund
AIM Advisor MultiFlex Fund
AIM Advisor Real Estate Fund
AIM America Value Fund(2)
AIM Balanced Fund
AIM Charter Fund
INCOME FUNDS
AIM Floating Rate Fund(2)
AIM High Yield Fund
AIM Income Fund
AIM Intermediate Government Fund
AIM Limited Maturity Treasury Fund
TAX-FREE INCOME FUNDS
AIM High Income Municipal Fund
AIM Municipal Bond Fund
AIM Tax-Exempt Bond Fund of Connecticut
AIM Tax-Free Intermediate Fund
MONEY MARKET FUNDS
AIM Dollar Fund(2)
AIM Money Market Fund
AIM Tax-Exempt Cash Fund
INTERNATIONAL GROWTH FUNDS
AIM Advisor International Value Fund
AIM Asian Growth Fund
AIM Developing Markets Fund(2)
AIM Emerging Markets Fund(2)
AIM Europe Growth Fund(2)
AIM European Development Fund
AIM International Equity Fund
AIM International Growth Fund(2)
AIM Japan Growth Fund(2)
AIM Latin American Growth Fund(2)
AIM New Pacific Growth Fund(2)
GLOBAL GROWTH FUNDS
AIM Global Aggressive Growth Fund
AIM Global Growth Fund
AIM Worldwide Growth Fund(2)
GLOBAL GROWTH & INCOME FUNDS
AIM Global Growth & Income Fund(2)
AIM Global Utilities Fund
GLOBAL INCOME FUNDS
AIM Global Government Income Fund(2)
AIM Global High Income Fund(2)
AIM Global Income Fund
AIM Strategic Income Fund(2)
THEME FUNDS
AIM Global Consumer Products and Services Fund(2)
AIM Global Financial Services Fund(2)
AIM Global Health Care Fund(2)
AIM Global Infrastructure Fund(2)
AIM Global Resources Fund(2)
AIM Global Telecommunications Fund(2)
AIM New Dimension Fund(2)
(1) AIM Aggressive Growth Fund closed to new investors on June 5, 1997.
(2) Effective May 29, 1998, A I M Advisors, Inc. became advisor to the former
GT Global Funds. (3) On May 1, 1998, AIM Growth Fund was renamed AIM Select
Growth Fund. For more complete information about any AIM Fund, including
sales charges and expenses, obtain the appropriate prospectus(es) from your
financial consultant. Please read the prospectus(es) carefully before you
invest or send money.
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