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AIM DEVELOPING MARKETS FUND: ADVISOR CLASS
SUPPLEMENT TO PROSPECTUS DATED JUNE 1, 1998
THE FOLLOWING REVISES AND SUPERSEDES, AS APPLICABLE, THE DISCUSSION UNDER
"MANAGEMENT" WITH RESPECT TO AIM DEVELOPING MARKETS FUND (THE "FUND"):
Effective June 1, 1998, Francesco Bertoni was named a Portfolio Manager for the
Fund. Mr. Bertoni has been a Portfolio Manager for INVESCO (NY), Inc. (the
"Sub-adviser") since June 1998 and the Investment Director of INVESCO Asset
Management Ltd. (London) ("INVESCO London"), an affiliate of the Sub-adviser,
since 1994. Mr. Bertoni joined INVESCO London as a Portfolio Manager in the
European equity team in 1990. He moved on to the international equity team in
1993 and became responsible for Global Emerging Markets products in 1995.
Cheng-Hock Lau remains the other Portfolio Manager for the Fund.
June 5, 1998
