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ADVISOR CLASS SHARES OF
AIM GLOBAL GROWTH & INCOME FUND
Supplement dated July 1, 1999
to the Prospectus dated March 1, 1999
The following information replaces in its entirety the fourth full paragraph
appearing under the heading "INVESTMENT OBJECTIVE AND STRATEGIES" on page 1 of
the prospectus:
"The portfolio managers allocate assets among securities of countries and
in currency denominations where opportunities for meeting the fund's investment
objective are expected to be the most attractive. The portfolio managers select
fixed-income securities based on economic criteria such as yield, maturity,
issue classification, and quality characteristics. The portfolio managers select
equity securities that they believe are undervalued relative to the issuer's
current or projected earnings and that they believe have above-average prospects
for future growth. Currency investments are based on economic factors and on
political and technical data. The portfolio managers consider whether to sell a
particular security when any of those factors materially changes."
The following information replaces in its entirety the information appearing
under the heading "PERFORMANCE INFORMATION - PERFORMANCE TABLE" on page 3 of the
prospectus:
"PERFORMANCE TABLE
The following performance table compares the fund's performance to that of a
broad-based securities market index.
<TABLE>
<CAPTION>
AVERAGE ANNUAL TOTAL RETURNS
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(for the periods ended SINCE INCEPTION
December 31, 1998) 1 YEAR INCEPTION DATE
- -----------------------------------------------------------------------------
<S> <C> <C> <C>
Advisor Class 20.74% 18.13% 06/01/95
MSCI World Index(1) 24.34 17.89(2) 05/31/95(2)
- -----------------------------------------------------------------------------
</TABLE>
(1) The Morgan Stanley Capital International World Index measures the
performance of 1,578 securities listed on the major stock exchanges.
(2) The average annual total return given is since the date closest to the
inception date of the Advisor Class."
Effective immediately 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;
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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."
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