<PAGE> 1
AIM ADVISOR FUNDS, INC.
Supplement dated January 21, 1999
to the Prospectus dated March 3, 1998
as supplemented July 1, 1998
The following information replaces in its entirety the discussion appearing
under the heading "PORTFOLIO MANAGERS - MULTIFLEX FUND" on page 22 and 23 of the
Prospectus:
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Alan J. Wind, C.F.A. Portfolio Manager, IMR (August 1997 to present). Senior
Portfolio Manager Financial Analyst, Simpson Investment Company (1993-
1997). Chartered Financial Analyst. Mr. Wind has
managed the MULTIFLEX FUND since January 1999.
Daniel A. Kostyk Portfolio Manager and Quantitative Analyst, IMR (June
Assistant Portfolio Manager 1995 to present); Engineering Economic Analyst, Fluor
Daniel Inc. (October 1984 to May 1995). Mr. Kostyk has
assisted in managing the MULTIFLEX FUND since June 1995.
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