<PAGE> 1
CLASS A, B AND C SHARES OF
AIM DEVELOPING MARKETS FUND
Supplement dated November 29, 1999
to the Prospectus dated March 1, 1999,
as revised October 4, 1999
Effective November 29, 1999, the following replaces in its entirety the
information appearing under the heading "FUND MANAGEMENT-PORTFOLIO MANAGERS" on
page 5 of the Prospectus:
"The advisors use 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 portfolio are
o Francesco Bertoni, Portfolio Manager, who has been responsible for
the fund since 1998 and has been associated with the advisor and/or
its affiliates since 1990.
o John Cleary, Portfolio Manager, who has been responsible for the fund
since 1999 and has been associated with the advisor and/or its
affiliates since 1998. From 1997 to 1998, he was Manager of a global
markets fixed income fund for West Merchant Bank Ltd. From 1994 to
1996, he was enrolled in graduate school.
o Christine Rowley, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the advisor and/or
its affiliates since 1991."
<PAGE> 2
ADVISOR CLASS SHARES OF
AIM DEVELOPING MARKETS FUND
Supplement dated November 29, 1999
to the Prospectus dated March 1, 1999,
as supplemented June 11, 1999
This supplement supercedes and replaces in its entirety the supplement dated
June 11, 1999.
Effective November 29, 1999, the following replaces in its entirety the
information appearing under the heading "FUND MANAGEMENT-PORTFOLIO MANAGERS" on
page 5 of the Prospectus:
"The advisors use 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 portfolio are
o Francesco Bertoni, Portfolio Manager, who has been responsible for
the fund since 1998 and has been associated with the advisor and/or
its affiliates since 1990.
o John Cleary, Portfolio Manager, who has been responsible for the fund
since 1999 and has been associated with the advisor and/or its
affiliates since 1998. From 1997 to 1998, he was Manager of a global
markets fixed income fund for West Merchant Bank Ltd. From 1994 to
1996, he was enrolled in graduate school.
o Christine Rowley, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the advisor and/or
its affiliates since 1991."
The following information replaces in its entirety the table under the
heading "FEE TABLE -- ANNUAL FUND OPERATING EXPENSES" on page 4 of the
Prospectus:
"ANNUAL FUND OPERATING EXPENSES
--------------------------------------------------------------------
(expenses that are deducted
from fund assets) ADVISOR CLASS
--------------------------------------------------------------------
Management Fees 0.98%
Distribution and/or
Service (12b-1) Fees None
Other Expenses
Other 0.91
Interest 0.20
-----
Total Other Expenses 1.11
Total Annual Fund
Operating Expenses 2.09
Expense Reimbursement(1) 0.39
Net Expenses 1.70
--------------------------------------------------------------------
(1) The investment advisor has contractually agreed to limit net
expenses for Advisor Class shares of the fund to 1.50%, not
including interest expense."
