AIM SUMMIT FUND INC
497, 1995-11-20
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                            AIM SUMMIT FUND, INC.

                      Supplement dated November 20, 1995
     to the Prospectus dated March 1, 1995, as revised September 22, 1995

        Mr. Steve S. Smith, formerly a portfolio manager for the Fund, has been
replaced by Mr. Jeffrey C. Moser.

        Mr. Moser is Senior Vice President of NationsBank Texas, and has been
responsible for the Fund since 1995.

        Mr. Moser has been associated with NationsBank Texas since 1990 and has
nine years experience as an investment professional.







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