<PAGE> 1
CLASS A AND B SHARES OF:
AIM DEVELOPING MARKETS FUND
Supplement dated February 12, 1999
to the Prospectus dated September 8, 1998,
as supplemented December 14, 1998
Effective February 12, 1999, the following information replaces, in its
entirety, the table under "MANAGEMENT - INVESTMENT MANAGEMENT AND
ADMINISTRATION" on page 15.
NAME/OFFICE RESPONSIBILITIES FOR BUSINESS EXPERIENCE PAST
THE PORTFOLIO FIVE YEARS
------------- ----------
Francesco Bertoni Portfolio Manager Head of Global Emerging Markets
London since 1998 for INVESCO Asset Management
Limited (the "Sub-advisor") since
1995, Investment Director of the
Sub-advisor from 1994 to 1999 and
Portfolio Manager for the
Sub-Advisor from 1990 to 1995,
Portfolio Manager for INVESCO
(NY), Inc., an affiliate of the Sub-
advisor, from June to December
1998.
Craig Munro Portfolio Manager Head of Emerging Markets Fixed
London since 1999 Income and Portfolio Manager for
the Sub-advisor since December
1998. Portfolio Manager for
INVESCO (NY), Inc., an affiliate of
the Sub-advisor, 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.
Christine Rowley Portfolio Manager Portfolio Manager for the Sub-
London since 1999 advisor since December 1998.
Portfolio Manager for INVESCO
(NY), Inc., GT Asset Management
PLC (London) and INVESCO GT
Asset Management Asia Ltd. (Hong
Kong), affiliates of the
Sub-advisor, from January 1991 to
December 1998.
<PAGE> 2
ADVISOR CLASS SHARES OF:
AIM DEVELOPING MARKETS FUND
Supplement dated February 12, 1999
to the Prospectus dated September 8, 1998,
as supplemented December 21, 1998
Effective February 12, 1999, the following information replaces, in its
entirety, the table under "MANAGEMENT - INVESTMENT MANAGEMENT AND
ADMINISTRATION" on page 15.
NAME/OFFICE RESPONSIBILITIES FOR BUSINESS EXPERIENCE PAST
THE PORTFOLIO FIVE YEARS
------------- ----------
Francesco Bertoni Portfolio Manager Head of Global Emerging Markets
London since 1998 for INVESCO Asset Management
Limited (the "Sub-advisor") since
1995, Investment Director of the
Sub-advisor from 1994 to 1999 and
Portfolio Manager for the
Sub-Advisor from 1990 to 1995,
Portfolio Manager for INVESCO
(NY), Inc., an affiliate of the Sub-
advisor, from June to December
1998.
Craig Munro Portfolio Manager Head of Emerging Markets Fixed
London since 1999 Income and Portfolio Manager for
the Sub-advisor since December
1998. Portfolio Manager for
INVESCO (NY), Inc., an affiliate of
the Sub-advisor, 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.
Christine Rowley Portfolio Manager Portfolio Manager for the Sub-
London since 1999 advisor since December 1998.
Portfolio Manager for INVESCO
(NY), Inc., GT Asset Management
PLC (London) and INVESCO GT
Asset Management Asia Ltd. (Hong
Kong), affiliates of the
Sub-advisor, from January 1991 to
December 1998.