AIM SUMMIT FUND INC
497, 2000-06-21
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                             AIM SUMMIT FUND, INC.

                                CLASS II SHARES


                         Supplement dated June 21, 2000
                   to the Prospectus dated February 28, 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."





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