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AIM SUMMIT FUND, INC.
Supplement dated July 1, 1998 to the Statement
of Additional Information dated February 27, 1998
The second sentence in the paragraph under the caption "INVESTMENT PROGRAM AND
RESTRICTIONS - Futures Contracts" on page 21 is deleted and replaced in its
entirety by the following:
"In cases of purchases of stock index futures contracts, an amount of liquid
assets, equal to the cost of the stock index futures contracts (less any related
margin deposits), will be segregated to collateralize the position and ensure
that the use of such stock index futures contracts is unleveraged."
