SUB-ITEM 77Q1(A)
AMENDMENT NO. 1
TO
AGREEMENT AND DECLARATION OF TRUST
OF
AIM SUMMIT FUND
This Amendment No. 1 to the Agreement and Declaration of Trust of AIM
Summit Fund (this "Amendment") amends, effective as of May 10, 2000, the
Agreement and Declaration of Trust of AIM Summit Fund dated as of December 6,
1999 (the "Agreement").
Under Section 9.7 of the Agreement, this Amendment may be executed by
a duly authorized officer of the Trust.
NOW, THEREFORE, the Agreement is hereby amended as follows:
1. Unless defined herein, each capitalized term used in this
Amendment shall have the meaning given it in the Agreement.
2. A new Section 1.2(j) is hereby added to the Agreement to
read in full as follows:
"(j) `fund complex' has the meaning specified in
Regulation 14A under the Securities Exchange Act of
1934, as amended from time to time;"
With the addition of new Section 1.2(j) above, existing
Sections 1.2(j) through 1.2(z) are hereby renumbered as Sections 1.2(k) through
1.2(aa), respectively.
3. Section 2.6(a) is hereby amended and restated in its entirety
to read as follows:
"(a) Subject to the provisions of paragraph (c) below,
all Class B Shares other than those purchased
through the reinvestment of dividends and
distributions shall automatically convert to Class A
Shares at the end of the month which is eight (8)
years after the date on which a shareholder's order
to purchase such shares was accepted."
4. The first sentence of Section 4.3 is hereby amended and
restated in its entirety to read as follows:
"The Board of Trustees or any committee thereof shall act by
majority vote of those present at a meeting duly called
(including a meeting by telephonic or other electronic means,
unless the 1940 Act requires that a particular action be
taken only at a meeting of the Trustees in person) at which a
quorum required by the Bylaws is present or by written
consent of at least seventy-five percent (75%) of the
Trustees or committee, as the case may be, without a meeting,
provided that the writing or writings are filed with the
minutes of proceedings of the Board or committee."
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5. A new Section 4.7 is hereby added to the Agreement to read in
full as follows:
"Section 4.7. Independent or Disinterested Trustee. A Trustee
who is not an interested person of the Trust shall be deemed
to be independent and disinterested under the Delaware Act
and other applicable Delaware law when making any
determinations or taking any action as a Trustee. Service by
a person as a trustee or a director of one or more trusts,
corporations or other entities of a fund complex shall not be
considered in determining whether a trustee is independent or
disinterested under the Delaware Act and other applicable
Delaware law."
6. All references in the Agreement to "this Agreement" shall
mean the Agreement as amended by this Amendment.
7. Except as specifically amended by this Amendment, the
Agreement is hereby confirmed and remains in full force and effect.
IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the
Trust, has executed this Amendment as of May 10, 2000.
/s/ Robert H. Graham
---------------------------
Name: Robert H. Graham
Title: President
