AIM SUMMIT FUND INC
497, 2000-06-21
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<PAGE>   1
                             AIM SUMMIT FUND, INC.

                                 CLASS I SHARES


                         Supplement dated June 21, 2000
                   to the Prospectus dated February 28, 2000,
                         as supplemented March 13, 2000

This supplement supersedes and replaces in its entirety the supplement dated
March 13, 2000.

The following replaces in its entirety the information appearing under the
heading "FUND MANAGEMENT - PORTFOLIO MANAGERS" on page A-4 of the prospectus:

          "The advisor uses a team approach to investment management. The
          individual members of the team who are primarily responsible for the
          day-to-day management of the fund's portfolio, all of whom are
          officers of A I M Capital Management, Inc., a wholly owned subsidiary
          of the advisor, are

          o         David P. Barnard, Senior Portfolio Manager, who has been
                    responsible for the fund since 1995 and has been associated
                    with the advisor and/or its affiliates since 1982.

          o         Bret W. Stanley, Senior Portfolio Manager, who has been
                    responsible for the fund since 1999 and has been associated
                    with the advisor and/or its affiliates since 1998. From
                    1994 to 1998, he was Vice President and Portfolio Manager
                    with Van Kampen American Capital Asset Management, Inc."

On March 13, 2000, A I M Fund Services, Inc. (AFS), a wholly owned subsidiary
of A I M Advisors, Inc., replaced State Street Bank and Trust Company and its
affiliate Boston Financial Data Services, Inc. (BFDS), as the transfer agent
for Class I shares of the fund. The address of AFS is P.O. Box 4739, Houston,
Texas 77210-4739 and its telephone number is (800) 959-4246.

Effective March 13, 2000, all references in this prospectus to State Street
Bank and Trust Company, Boston Financial Data Services, Inc. or BFDS are
replaced by references to A I M Fund Services, Inc. or AFS, as applicable, and
all references to the address and telephone number of BFDS are replaced with
the address and telephone number of AFS.



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