<PAGE> 1
ADVISOR CLASS SHARES OF:
AIM EMERGING MARKETS FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented September 28, 1998 and
December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Emerging Markets Fund
("Emerging Markets Fund") may be exchanged for AIM Cash Reserve Shares of AIM
Money Market Fund. Advisor Class shareholders may obtain a copy of the AIM Money
Market Fund prospectus by calling (800) 347-4246. In addition, certain
institutional holders of Advisor Class shares may be eligible to invest in other
money market funds advised by A I M Advisors ("AIM Advisors"). For further
information about such institutional money market funds call Fund Management
Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Investment Funds' Emerging Markets Fund will be transferred from
INVESCO (NY), Inc. to INVESCO Asset Management Ltd., another indirect wholly
owned subsidiary of AMVESCAP PLC. AIM Advisors will continue to serve as the
manager and administrator of Emerging Markets Fund. The transfer will not
change the fees AIM Advisors pays for sub-advisory services and will not change
the nature of the sub-advisory services provided to Emerging Markets Fund or
the personnel providing such services.
The Board of Trustees of AIM Investment Funds unanimously approved, on September
23, 1998, a Plan of Reorganization and Termination ("Plan") pursuant to which
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.
<PAGE> 2
ADVISOR CLASS SHARES OF:
AIM STRATEGIC INCOME FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented October 1, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 3
ADVISOR CLASS SHARES OF:
AIM GLOBAL HEALTH CARE FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented October 16, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 4
ADVISOR CLASS SHARES OF:
AIM GLOBAL TELECOMMUNICATIONS FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented October 16, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 5
ADVISOR CLASS SHARES OF:
AIM GLOBAL FINANCIAL SERVICES FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented October 16, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 6
ADVISOR CLASS SHARES OF:
AIM GLOBAL INFRASTRUCTURE FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented October 16, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 7
ADVISOR CLASS SHARES OF:
AIM GLOBAL RESOURCES FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented October 16, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 8
ADVISOR CLASS SHARES OF:
AIM GLOBAL CONSUMER PRODUCTS AND SERVICES FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented October 16, 1998
Effective December 21, 1998, Advisor Class shares of the Fund may be exchanged
for AIM Cash Reserve Shares of AIM Money Market Fund. Advisor Class shareholders
may obtain a copy of the AIM Money Market Fund prospectus by calling (800)
347-4246. In addition, certain institutional holders of Advisor Class shares may
be eligible to invest in other money market funds advised by A I M Advisors,
Inc. For further information about such institutional money market funds call
Fund Management Company at (800) 659-1005.
<PAGE> 9
ADVISOR CLASS SHARES OF:
AIM DEVELOPING MARKETS FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Developing Markets Fund
("Developing Markets Fund") may be exchanged for AIM Cash Reserve Shares of AIM
Money Market Fund. Advisor Class shareholders may obtain a copy of the AIM Money
Market Fund prospectus by calling (800) 347-4246. In addition, certain
institutional holders of Advisor Class shares may be eligible to invest in other
money market funds advised by A I M Advisors, Inc. ("AIM Advisors"). For
further information about such institutional money market funds call Fund
Management Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Investment Funds' Developing Markets Fund will be transferred from
INVESCO (NY), Inc. to INVESCO Asset Management Ltd., another indirect wholly
owned subsidiary of AMVESCAP PLC. AIM Advisors will continue to serve as the
manager and administrator of Developing Markets Fund. The transfer will not
change the fees AIM Advisors pays for sub-advisory services and will not change
the nature of the sub-advisory services provided to Developing Markets Fund or
the personnel providing such services.
<PAGE> 10
ADVISOR CLASS SHARES OF:
AIM EMERGING MARKETS DEBT FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Emerging Markets Debt
Fund ("Emerging Markets Debt Fund") may be exchanged for AIM Cash Reserve Shares
of AIM Money Market Fund. Advisor Class shareholders may obtain a copy of the
AIM Money Market Fund prospectus by calling (800) 347-4246. In addition, certain
institutional holders of Advisor Class shares may be eligible to invest in other
money market funds advised by A I M Advisors, Inc. ("AIM Advisors"). For
further information about such institutional money market funds call Fund
Management Company at (800) 659-1005.
Effective December 14, 1998, sub-administration responsibility for AIM
Investment Funds' Emerging Markets Debt Fund and sub-advisory and
sub-administration responsibility for Emerging Markets Debt Portfolio (the
"Portfolio") will be transferred from INVESCO (NY), Inc. to INVESCO Asset
Management Ltd., another indirect wholly owned subsidiary of AMVESCAP PLC. AIM
Advisors will continue to serve as the manager and administrator of Emerging
Markets Debt Fund and the Portfolio. The transfer will not change the fees AIM
Advisors pays for sub-advisory services and will not change the nature of the
sub-advisory services provided to the Portfolio or the personnel providing such
services.
Effective January 1, 1999, the following information replaces in its entirety,
the table under "MANAGEMENT - INVESTMENT MANAGEMENT AND ADMINISTRATION" on page
17 of the Prospectus:
<TABLE>
RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND PAST FIVE YEARS
----------- -------- ---------------
<S> <C> <C>
Craig Munro Portfolio Manager Head of Emerging Markets Fixed Income
London since 1998 and Portfolio Manager for INVESCO
Asset Management Ltd. since December
1998. Portfolio Manager for INVESCO
(NY), Inc. from August 1997 to
December 1998. Vice President and
Senior Analyst in the Emerging Markets
Group of the Global Fixed Income
Division of Merrill Lynch Asset
Management from 1993 to August 1997.
John Cleary Portfolio Manager Director, Emerging Markets Fixed
London since 1999 Income and Portfolio Manager for
INVESCO Asset Management Ltd. since
December 1998. Employed by West
Merchant Bank, Ltd. as Manager of a
global emerging markets fixed income
fund from 1997 to 1998. Completed the
investment management program at the
London Business School in 1996.
Received a B.Sc in management from
the London School of Economics and
Political Science in 1994.
</TABLE>
<PAGE> 11
ADVISOR CLASS SHARES OF:
AIM GLOBAL GOVERNMENT INCOME FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Global Government
Income Fund ("Global Government Income Fund") may be exchanged for AIM Cash
Reserve Shares of AIM Money Market Fund. Advisor Class shareholders may obtain a
copy of the AIM Money Market Fund prospectus by calling (800) 347-4246. In
addition, certain institutional holders of Advisor Class shares may be eligible
to invest in other money market funds advised by A I M Advisors, Inc. ("AIM
Advisors"). For further information about such institutional money market
funds call Fund Management Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Investment Funds' Global Government Income Fund will be transferred
from INVESCO (NY), Inc. to INVESCO Asset Management Ltd., another indirect
wholly owned subsidiary of AMVESCAP PLC. AIM Advisors will continue to serve
as the manager and administrator of Global Government Income Fund. The transfer
will not change the fees AIM Advisors pays for sub-advisory services and will
not change the nature of the sub-advisory services provided to Global
Government Income Fund or the personnel providing such services.
Effective January 1, 1999 the following information replaces in its entirety,
the table under "MANAGEMENT - INVESTMENT MANAGEMENT AND ADMINISTRATION" on page
13.
<TABLE>
RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND PAST FIVE YEARS
----------- -------- ---------------
<S> <C> <C>
Thomas J. Berger Portfolio Manager Director and Head of the Global Fixed
London since 1999 Income Group, for INVESCO Asset
Management Ltd. since 1997. Director of
Mercury Asset Management plc from
1993 to 1997.
Paul Griffiths Portfolio Manager Director, Head of Global Fixed Income
London since 1999 Team and Portfolio Manager for
INVESCO Asset Management Ltd. since
June 1997. Portfolio Manager from 1994
to 1997. Global Bond Fund Manager for
Lazard Investors from 1993 to 1994.
David B. Hughes Portfolio Manager Director, Global Fixed Income Group and
London since 1998 Portfolio Manager of INVESCO Asset
Management Ltd. since December 1998.
Head of Global Fixed Income, North
America, and Portfolio Manager for
INVESCO (NY), Inc. from January 1998
to December 1998. Senior Portfolio
Manager for Global/International Fixed
Income for INVESCO (NY), Inc. from
July 1995 to December 1997. Employed
by Chancellor Capital from July 1995 to
October 1996. Assistant Vice President
of Fiduciary Trust Company International
from 1994 to 1995. Assistant Treasurer
at the Bankers Trust Company from 1991
to 1994.
</TABLE>
<PAGE> 12
ADVISOR CLASS SHARES OF:
AIM GLOBAL GROWTH & INCOME FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998,
as supplemented December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Global Growth & Income
Fund ("Global Growth & Income Fund") may be exchanged for AIM Cash Reserve
Shares of AIM Money Market Fund. Advisor Class shareholders may obtain a copy of
the AIM Money Market Fund prospectus by calling (800) 347-4246. In addition,
certain institutional holders of Advisor Class shares may be eligible to invest
in other money market funds advised by A I M Advisors, Inc. ("AIM Advisors").
For further information about such institutional money market funds call Fund
Management Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Investment Funds' Global Growth & Income Fund will be transferred from
INVESCO (NY), Inc. to INVESCO Asset Management Ltd., another indirect wholly
owned subsidiary of AMVESCAP PLC. AIM Advisors will continue to serve as the
manager and administrator of Global Growth & Income Fund. The transfer will
not change the fees AIM Advisors pays for sub-advisory services and will not
change the nature of the sub-advisory services provided to Global Growth &
Income Fund or the personnel providing such services.
<PAGE> 13
Advisor Class Shares of:
AIM LATIN AMERICAN GROWTH FUND
Supplement dated December 21, 1998
to the Prospectus dated September 8, 1998
as supplemented December 14, 1998
This supplement supersedes and replaces in its entirety the supplement dated
December 14, 1998.
Effective December 21, 1998, Advisor Class shares of AIM Latin American Growth
Fund ("Latin American Growth Fund") may be exchanged for AIM Cash Reserve Shares
of AIM Money Market Fund. Advisor Class shareholders may obtain a copy of the
AIM Money Market Fund prospectus by calling (800) 347-4246. In addition,
certain institutional holders of Advisor Class shares may be eligible to
invest in other money market funds advised by A I M Advisors, Inc. ("AIM
Advisors"). For further information about such institutional money market
funds call Fund Management Company at (800) 659-1005.
Effective December 14, 1998, sub-advisory and sub-administration responsibility
for AIM Investment Funds' Latin American Growth Fund will be transferred from
INVESCO (NY), Inc. to INVESCO Asset Management Ltd., another indirect wholly
owned subsidiary of AMVESCAP PLC. AIM Advisors will continue to serve as the
manager and administrator of Latin American Growth Fund. The transfer will not
change the fees AIM Advisors pays for sub-advisory services and will not
change the nature of the sub-advisory services provided to Latin American
Growth Fund or the personnel providing such services.
Effective January 1, 1999 the following information replaces in its entirety,
the table under "MANAGEMENT -- INVESTMENT MANAGEMENT AND ADMINISTRATION" on
page 12 of the Prospectus:
RESPONSIBILITIES FOR BUSINESS EXPERIENCE
NAME/OFFICE THE FUND PAST FIVE YEARS
- ------------- -------------------- ----------------------
David Manuel Portfolio Manager Portfolio Manager for
London since 1997 INVESCO Asset
Management Ltd. since
November 1997. Investment
Analyst and Portfolio
Manager for Abbey Life
Investment Services Ltd.
(Bournemouth) from 1987 to
1997, and Head of Latin
American Equities from 1994
to 1997.