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AIM ADVISOR REAL ESTATE FUND
CLASS A, CLASS B AND CLASS C SHARES
Supplement dated April 3, 2000
to the Prospectus dated May 3, 1999,
as revised July 1, 1999
The following replaces in its entirety the information appearing under the
heading "FUND MANAGEMENT -- THE ADVISORS" on page 4 of the prospectus:
"A I M Advisors, Inc. (the advisor) serves as the fund's investment
advisor and manages the investment operations of the fund and has
agreed to perform or arrange for the performance of the fund's
day-to-day management. The advisor is located at 11 Greenway Plaza,
Suite 100, Houston, Texas 77046-1173. INVESCO, Inc. (the subadvisor),
the fund's subadvisor, is located at 1315 Peachtree Street, N.E.,
Atlanta, Georgia 30309. The subadvisor is responsible for the fund's
day-to-day management, including the fund's investment decisions and
the execution of securities transactions with respect to the fund.
The advisor has acted as an investment advisor since its
organization in 1976 and the subadvisor (including its predecessor)
has acted as an investment advisor and qualified professional asset
manager since 1983. Today, the advisor, together with its
subsidiaries, advises or manages over 120 investment portfolios,
including the fund, encompassing a broad range of investment
objectives."
The following replaces in its entirety the information appearing under the
heading "FUND MANAGEMENT -- PORTFOLIO MANAGERS" on page 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 portfolios are
o Mark Blackburn, Portfolio Manager, who has been responsible for
the fund since 2000 and has been associated with the subadvisor
and/or its affiliates since 1998. From 1995 to 1997, he was
Senior Analyst and Associate Director of Research for Southwest
Securities.
o Joe V. Rodriguez, Jr., Senior Portfolio Manager, who has been
responsible for the fund since 1995 and has been associated with
the subadvisor and/or its affiliates since 1990.
o James W. Trowbridge, Senior Portfolio Manager, who has been
responsible for the fund since 1995 and has been associated with
the subadvisor and/or its affiliates since 1989."
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AIM ADVISOR FLEX FUND
AIM ADVISOR INTERNATIONAL VALUE FUND
AIM ADVISOR LARGE CAP VALUE FUND
AIM ADVISOR REAL ESTATE FUND
Supplement dated April 3, 2000
to the Statement of Additional Information dated May 3, 1999,
as revised July 1, 1999 and supplemented October 1, 1999 and
January 24, 2000
This supplement supercedes and replaces in its entirety the supplements dated
October 1, 1999 and January 24, 2000.
The following section is added after the seventh paragraph appearing under the
heading "PORTFOLIO TRANSACTIONS AND BROKERAGE" on page 52 of the Statement of
Additional Information:
"ALLOCATION OF PORTFOLIO TRANSACTIONS
AIM and its affiliates manage several other investment accounts.
Some of these accounts may have investment objectives similar to
the Funds. Occasionally, identical securities will be appropriate
for investment by one of the Funds and by another Fund or one or
more of these investment accounts. However, the position of each
account in the same securities and the length of time that each
account may hold its investment in the same securities may vary.
The timing and amount of purchase by each account will also be
determined by its cash position. If the purchase or sale of
securities is consistent with the investment policies of the
Fund(s) and one or more of these accounts, and is considered at or
about the same time, AIM will fairly allocate transactions in such
securities among the Fund(s) and these accounts. AIM may combine
such transactions, in accordance with applicable laws and
regulations, to obtain the most favorable execution. Simultaneous
transactions could, however, adversely affect a Fund's ability to
obtain or dispose of the full amount of a security which it seeks
to purchase or sell.
Sometimes the procedure for allocating portfolio transactions among
the various investment accounts advised by AIM could have an
adverse effect on the price or amount of securities available to a
Fund. In making such allocations, AIM considers the investment
objectives and policies of its advisory clients, the relative size
of portfolio holdings of the same or comparable securities, the
availability of cash for investment, the size of investment
commitments generally held, and the judgments of the persons
responsible for recommending the investment."
The section entitled "ALLOCATION OF IPO SECURITIES TRANSACTIONS" appearing
under the heading "PORTFOLIO TRANSACTIONS AND BROKERAGE" on Page 53 of the
Statement of Additional Information is deleted in its entirety.
The third paragraph appearing under the heading entitled "PERFORMANCE
INFORMATION" on Page 55 of the Statement of Additional Information is deleted
in its entirety.
