AIM GROWTH SERIES
497, 2000-03-31
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<PAGE>   1
                              AIM JAPAN GROWTH FUND

                             CLASS A, B AND C SHARES

                         Supplement dated March 31, 2000
                     to the Prospectus dated May 3, 1999,
               as revised October 26, 1999 and as supplemented
                    January 24, 2000 and February 11, 2000

This supplement supersedes and replaces in its entirety the supplements dated
January 24, 2000 and February 11, 2000.

Advisor Class shares of AIM Japan Growth Fund converted to Class A shares of the
fund effective the close of business on February 11, 2000. Advisor Class shares
of the fund are no longer offered for sale or exchange.

The fifth paragraph appearing under the heading entitled "PRINCIPAL RISKS OF
INVESTING IN THE FUND" on page 1 of the prospectus is deleted in its entirety.

The first paragraph appearing under the heading entitled "PERFORMANCE
INFORMATION" on page 2 of the prospectus is deleted in its entirety and replaced
with the following:

      "The bar chart and table shown below provide an indication of the risks of
      investing in the fund. The fund's past performance is not necessarily an
      indication of its future performance."

The information appearing under the heading entitled "FUND MANAGEMENT -
PORTFOLIO MANAGER" on page 4 of the prospectus is deleted in its entirety and
replaced with the following:

"PORTFOLIO MANAGERS

      The advisor uses a team approach to investment management. The individual
      members of the team who are primarily responsible for the day-to-day
      management of the fund's portfolio are

      o     Andrew Callender, Portfolio Manager, who has been responsible for
            the fund since 1997 and has been associated with the advisor and/or
            its affiliates since 1990.

      o     Sanae Sakai, Portfolio Manager, who has been responsible for the
            fund since 2000 and has been associated with the advisor and/or its
            affiliates since 1999. From 1997 to 1999 she was a graduate student
            at the London Business School. From 1994 to 1996 she worked for
            Salomon Brothers as an Equity Analyst.

      o     Ikuo Suzuki, Portfolio Manager, who has been responsible for the
            fund since 2000 and has been associated with the advisor and/or its
            affiliates since 1991."

The fourth paragraph appearing under the heading entitled "FINANCIAL HIGHLIGHTS"
on page 5 of the prospectus is deleted in its entirety.


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