<PAGE> 1
CLASS A, CLASS B AND CLASS C SHARES OF
AIM STRATEGIC INCOME FUND
Supplement dated July 2, 1999
to the Prospectus dated March 1, 1999,
as supplemented July 1, 1999
This supplement supercedes and replaces in its entirety the supplement dated
July 1, 1999.
Effective July 1, 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 Paul Griffiths, Portfolio Manager, who has been responsible for the
fund since 1999 and has been associated with the advisor and/or its
affiliates since 1994.
o Cheng-Hock Lau, Portfolio Manager, who has been responsible for the
fund since 1996 and has been associated with the advisor and/or its
affiliates since 1995. From 1993 to 1995, he was Senior Vice President
and Senior Portfolio Manager for Fiduciary Trust Company International.
o Craig Munro, Portfolio Manager, who has been responsible for the fund
since 1998 and has been associated with the advisor and/or its
affiliates since 1997. From 1993 to 1997, he was Vice President and
Senior Analyst in the Emerging Markets Group of the Global Fixed Income
Division of Merrill Lynch Asset Management.
o Kieron Nutbrown, Portfolio Manager, who has been responsible for the
fund since 1999 and has been associated with the advisor and/or its
affiliates since 1997. From 1994 to 1997, he was a Quantitative Analyst
and Portfolio Manager for Foreign & Colonial Management."
Effective June 7, 1999, the following replaces in its entirety the information
appearing under the heading "EXCHANGING SHARES - EXCHANGE CONDITIONS" on page
A-6 of the prospectus:
"The following conditions apply to all exchanges:
o You must meet the minimum purchase requirements for the AIM Fund into
which you are exchanging;
o Shares of the AIM Fund you wish to acquire must be available for sale
in your state of residence;
o Exchanges must be made between accounts with identical registration
information;
o The account you wish to exchange from must have a certified tax
identification number (or the Fund has received an appropriate Form W-8
or W-9);
o Shares must have been held for at least one day prior to the exchange;
and
o If you have physical share certificates, you must return them to the
transfer agent prior to the exchange.
Beginning September 15, 1999, the following exchange condition will apply:
o Because excessive short-term trading or market-timing activity can hurt
fund performance, you are limited to a maximum of 10 exchanges per
calendar year. If you exceed that limit, or if an AIM Fund or the
distributor determines, in its sole discretion, that your short-term
trading is excessive or that you are engaging in market-timing
activity, it may reject any additional exchange orders. An exchange is
the movement out of (redemption) one AIM Fund and into (purchase)
another AIM Fund."
<PAGE> 2
ADVISOR CLASS SHARES OF
AIM STRATEGIC INCOME FUND
Supplement dated July 2, 1999
to the Prospectus dated March 1, 1999,
as supplemented July 1, 1999
This supplement supercedes and replaces in its entirety the supplement dated
July 1, 1999.
Effective July 1, 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 Paul Griffiths, Portfolio Manager, who has been responsible for the
fund since 1999 and has been associated with the advisor and/or its
affiliates since 1994.
o Cheng-Hock Lau, Portfolio Manager, who has been responsible for the
fund since 1996 and has been associated with the advisor and/or its
affiliates since 1995. From 1993 to 1995, he was Senior Vice President
and Senior Portfolio Manager for Fiduciary Trust Company International.
o Craig Munro, Portfolio Manager, who has been responsible for the fund
since 1998 and has been associated with the advisor and/or its
affiliates since 1997. From 1993 to 1997, he was Vice President and
Senior Analyst in the Emerging Markets Group of the Global Fixed Income
Division of Merrill Lynch Asset Management.
o Kieron Nutbrown, Portfolio Manager, who has been responsible for the
fund since 1999 and has been associated with the advisor and/or its
affiliates since 1997. From 1994 to 1997, he was a Quantitative Analyst
and Portfolio Manager for Foreign & Colonial Management."
Effective June 7, 1999, the following replaces in its entirety the information
appearing under the heading "EXCHANGING SHARES - EXCHANGE CONDITIONS" on page
A-3 of the prospectus:
"The following conditions apply to all exchanges:
o You must meet the minimum purchase requirements for the AIM Fund into
which you are exchanging;
o Shares of the AIM Fund you wish to acquire must be available for sale
in your state of residence;
o Exchanges must be made between accounts with identical registration
information;
o The account you wish to exchange from must have a certified tax
identification number (or the Fund has received an appropriate Form W-8
or W-9);
o Shares must have been held for at least one day, prior to the
exchange; and
o If you have physical share certificates, you must return them to the
transfer agent prior to the exchange.
Beginning September 15, 1999, the following exchange condition will apply:
o Because excessive short-term trading or market-timing activity can hurt
fund performance, you are limited to a maximum of 10 exchanges per
calendar year. If you exceed that limit, or if an AIM Fund or the
distributor determines, in its sole discretion, that your short-term
trading is excessive or that you are engaging in market-timing
activity, it may reject any additional exchange orders. An exchange is
the movement out of (redemption) one AIM Fund and into (purchase)
another AIM Fund."
