<PAGE> 1
ADVISOR CLASS SHARES OF:
AIM BASIC VALUE FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 2
ADVISOR CLASS SHARES OF:
AIM JAPAN GROWTH FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 3
Advisor Class Shares of:
AIM NEW PACIFIC GROWTH FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 4
ADVISOR CLASS SHARES OF:
AIM SMALL CAP GROWTH FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 5
ADVISOR CLASS SHARES OF:
AIM INTERNATIONAL GROWTH FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented September 28, 1998 and
December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM International Growth
Fund ("International Growth Fund") may be exchanged for AIM Cash Reserve Shares
of AIM Money Market Fund. Advisor Class shareholders may obtain a copy of the
AIM Money Market Fund prospectus by calling (800) 347-4246. In addition, certain
institutional holders of Advisor Class shares may be eligible to invest in other
money market funds advised by A I M Advisors, Inc. ("AIM Advisors"). For
further information about such institutional money market funds call Fund
Management Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Growth Series' International Growth Fund will be transferred from
INVESCO (NY), Inc. to INVESCO Asset Management Ltd., another indirect wholly
owned subsidiary of AMVESCAP PLC. AIM Advisors will continue to serve as the
manager and administrator of International Growth Fund. The transfer
will not change the fees AIM Advisors pays for sub-advisory services and will
not change the nature of the sub-advisory services provided to International
Growth Fund or the personnel providing such services.
The Board of Trustees of AIM Growth Series unanimously approved, on September
23, 1998, an Agreement and Plan of Reorganization ("Plan") pursuant to which
International Growth Fund, a series of AIM Growth Series, would transfer
substantially all of its assets to AIM International Equity Fund ("International
Equity Fund"), a series of AIM International Funds, Inc. As a result of the
transaction, shareholders of International Growth Fund would receive shares of
International Equity Fund in exchange for their shares of International Growth
Fund, and International Growth Fund would cease operations. Like International
Growth Fund, International Equity Fund seeks long-term growth of capital.
International Equity Fund seeks to achieve its objective by investing in a
diversified portfolio of international equity securities, the issuers of which
are considered by International Equity Fund's investment adviser to have
strong earnings momentum.
The Plan requires the approval of International Growth Fund shareholders and
will be submitted to the shareholders for their consideration at a meeting to be
held in February 1999. If the Plan is approved by shareholders of International
Growth Fund and certain conditions required by the Plan are satisfied, the
transaction is expected to become effective before the end of February 1999.
<PAGE> 6
Advisor Class Shares of:
AIM WORLDWIDE GROWTH FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented September 28, 1998 and
December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Worldwide Growth Fund
("Worldwide Growth Fund") may be exchanged for AIM Cash Reserve Shares of AIM
Money Market Fund. Advisor Class shareholders may obtain a copy of the AIM Money
Market Fund prospectus by calling (800) 347-4246. In addition, certain
institutional holders of Advisor Class shares may be eligible to invest in other
money market funds advised by A I M Advisors, Inc. ("AIM Advisors"). For
further information about such institutional money market funds call Fund
Management Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Growth Series' Worldwide Growth Fund will be transferred from INVESCO
(NY), Inc. to INVESCO Asset Management Ltd., another indirect wholly owned
subsidiary of AMVESCAP PLC. AIM Advisors will continue to serve as the manager
and administrator of Worldwide Growth Fund. The transfer will not change the
fees AIM Advisors pays for sub-advisory services and will not change the nature
of the sub-advisory services provided to Worldwide Growth Fund or the personnel
providing such services.
The Board of Trustees of AIM Growth Series unanimously approved, on September
23, 1998, an Agreement and Plan of Reorganization ("Plan") pursuant to which
Worldwide Growth Fund, a series of AIM Growth Series, would transfer
substantially all of its assets to AIM Global Growth Fund ("Global Growth
Fund"), a series of AIM International Funds, Inc. As a result of the
transaction, shareholders of Worldwide Growth Fund would receive shares of
Global Growth Fund in exchange for their shares of Worldwide Growth Fund, and
Worldwide Growth Fund would cease operations. Like Worldwide Growth Fund, Global
Growth Fund seeks long-term growth of capital. Global Growth Fund seeks to
achieve its objective by investing in a diversified portfolio of global (i.e.,
U.S. and foreign) equity securities, the issuers of which are considered by
Global Growth Fund's investment adviser to have strong earnings momentum.
The Plan requires the approval of Worldwide Growth Fund shareholders and will be
submitted to the shareholders for their consideration at a meeting to be held in
February 1999. If the Plan is approved by shareholders of Worldwide Growth Fund
and certain conditions required by the Plan are satisfied, the transaction is
expected to become effective before the end of February 1999.
<PAGE> 7
Advisor Class Shares of:
AIM MID CAP EQUITY FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998
as supplemented October 1, 1998 and
October 9, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 8
Advisor Class Shares of:
AIM EUROPE GROWTH FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Europe Growth Fund
("Europe Growth Fund") may be exchanged for AIM Cash Reserve Shares of AIM Money
Market Fund. Advisor Class shareholders may obtain a copy of the AIM Money
Market Fund prospectus by calling (800) 347-4246. In addition, certain
institutional holders of Advisor Class shares may be eligible to invest in other
money market funds advised by A I M Advisors, Inc. ("AIM Advisors"). For
further information about such institutional money market funds call Fund
Management Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Growth Series' Europe Growth Fund will be transferred from INVESCO (NY),
Inc. to INVESCO Asset Management Ltd., another indirect wholly owned subsidiary
of AMVESCAP PLC. AIM Advisors will continue to serve as the manager and
administrator of Europe Growth Fund. The transfer will not change the fees
AIM Advisors pays for sub-advisory services and will not change the nature of
the sub-advisory services provided to Europe Growth Fund or the personnel
providing such services.
Effective January 1, 1999 the following information replaces in its entirety,
the table under "MANAGEMENT INVESTMENT MANAGEMENT AND ADMINISTRATION" on page
12.
RESPONSIBILITIES BUSINESS EXPERIEMCE
NAME/OFFICE FOR THE FUND PAST FIVE YEARS
----------- ------------ ---------------
Steven Chamberlain Portfolio Manager Senior Portfolio Manager for
London since 1999 INVESCO Asset Management Ltd.
since 1989.
