<PAGE> 1
AIM SUMMIT FUND, INC.
Supplement dated December 28, 1995
to the Statement of Additional Information
dated March 1, 1995, as Supplemented August 22, 1995
Effective January 2, 1996, the net asset value of a Fund share will be
determined as of the close of trading of the New York Stock Exchange (generally
4:00 p.m. Eastern Time) on each business day of the Fund. For purposes of
determining net asset value per share, futures and options contract closing
prices which are available 15 minutes after the close of trading of the New
York Stock Exchange will generally be used.
