<PAGE> 1
AIM DOLLAR FUND: ADVISOR CLASS
Supplement dated September 8, 1998,
to the Prospectus dated September 8, 1998
At a meeting held on August 31, 1998, the Board of Trustees of AIM
Investment Portfolios approved a proposal to reorganize AIM Dollar Fund (the
"Fund") into AIM Money Market Fund ("Money Market Fund"), a portfolio of AIM
Funds Group ("AFG"), through the transfer of the Fund's assets to Money Market
Fund in exchange for Money Market Fund shares. The reorganization, which is
expected to occur during 1998, is subject to a number of conditions including
approval of the Board of Trustees of AFG and the Fund's shareholders. Effective
October 1, 1998, the Fund will be closed to new investors, although existing
shareholders may continue to purchase and redeem shares of the Fund.
