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AIM ADVISOR FUNDS, INC.
Supplement dated March 15, 1999
to the Prospectus dated March 3, 1998
as supplemented July 1, 1998 and January 21, 1999
The Board of Directors of AIM Advisor Funds, Inc. unanimously approved, on
March 12, 1999, a Plan of Reorganization ("Plan") pursuant to which AIM
MultiFlex Fund ("MultiFlex Fund"), a series of AIM Advisor Funds, Inc., would
transfer substantially all of its assets to AIM Flex Fund ("Flex Fund"),
another series of AIM Advisor Funds, Inc. As a result of the transaction,
shareholders of MultiFlex Fund would receive shares of Flex Fund in exchange
for their shares of MultiFlex Fund, and MultiFlex Fund would cease operations.
Flex Fund and MultiFlex Fund have the same investment objective. The investment
objective of each Fund is to achieve a high total return on investment through
capital appreciation and current income, without regard to federal income tax
consequences.
The Plan requires the approval of MultiFlex Fund shareholders and will be
submitted to the shareholders for their consideration at a meeting to be held
in June 1999. If the Plan is approved by shareholders of MultiFlex Fund and
certain conditions required by the Plan are satisfied, the transaction is
expected to become effective shortly thereafter.
The following information replaces the foreign investments limitation currently
in place for AIM Advisor Real Estate Fund appearing under the heading
"INVESTMENT PROGRAMS--REAL ESTATE FUND" on page 15 of the Prospectus:
"Up to 25% of the Real Estate Fund's total assets may be invested
directly in foreign securities and unsponsored ADRs. The Fund may
also invest in sponsored ADRs."
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AIM ADVISOR FUNDS, INC.
Supplement dated March 15, 1999
to the Statement of Additional
Information dated March 3, 1998
as supplemented October 1, 1998
The following information replaces the foreign investments limitation currently
in place for AIM Advisor Real Estate Fund appearing under the heading
"INVESTMENT RESTRICTIONS" on page 9 of the Statement of Additional Information:
"AIM Advisor Real Estate Fund may not invest more than 25% of the
value of its total assets directly in foreign securities, including
unsponsored ADRs."
