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CLASS A AND CLASS B SHARES OF
AIM EMERGING MARKETS FUND
SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 8, 1998
The Board of Trustees of AIM Investment Funds unanimously approved,
on September 23, 1998, a Plan of Reorganization and Termination ("Plan")
pursuant to which AIM Emerging Markets Fund ("Emerging Markets Fund"), a
series of AIM Investment Funds, would transfer substantially all of its assets
to AIM Developing Markets Fund ("Developing Markets Fund"), another series of
AIM Investment Funds. As a result of the transaction, shareholders of Emerging
Markets Fund would receive shares of Developing Markets Fund in exchange for
their shares of Emerging Markets Fund, and Emerging Markets Fund would cease
operations. Developing Markets Fund seeks long-term capital appreciation and,
secondarily seeks income to the extent consistent with capital appreciation.
While Developing Markets Fund may invest more extensively in debt securities
(up to 50% of its assets) than Emerging Markets Fund, like Emerging Markets
Fund, Developing Markets Fund invests primarily in securities of issuers
located in emerging markets.
The Plan requires the approval of Emerging Markets Fund shareholders
and will be submitted to the shareholders for their consideration at a meeting
to be held in February 1999. If the Plan is approved by shareholders of
Emerging Markets Fund and certain conditions required by the Plan are
satisfied, the transaction is expected to become effective before the end of
February 1999.
September 28, 1998
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ADVISOR CLASS SHARES OF
AIM EMERGING MARKETS FUND
SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 8, 1998
The Board of Trustees of AIM Investment Funds unanimously approved,
on September 23, 1998, a Plan of Reorganization and Termination ("Plan")
pursuant to which AIM Emerging Markets Fund ("Emerging Markets Fund"), a
series of AIM Investment Funds, would transfer substantially all of its assets
to AIM Developing Markets Fund ("Developing Markets Fund"), another series of
AIM Investment Funds. As a result of the transaction, shareholders of Emerging
Markets Fund would receive shares of Developing Markets Fund in exchange for
their shares of Emerging Markets Fund, and Emerging Markets Fund would cease
operations. Developing Markets Fund seeks long-term capital appreciation and,
secondarily seeks income to the extent consistent with capital appreciation.
While Developing Markets Fund may invest more extensively in debt securities
(up to 50% of its assets) than Emerging Markets Fund, like Emerging Markets
Fund, Developing Markets Fund invests primarily in securities of issuers
located in emerging markets.
The Plan requires the approval of Emerging Markets Fund shareholders
and will be submitted to the shareholders for their consideration at a meeting
to be held in February 1999. If the Plan is approved by shareholders of
Emerging Markets Fund and certain conditions required by the Plan are
satisfied, the transaction is expected to become effective before the end of
February 1999.
September 28, 1998
