AIM INVESTMENT FUNDS
497, 1999-08-25
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<PAGE>   1
                          CLASS A, B AND C SHARES OF

                        AIM GLOBAL GROWTH & INCOME FUND

                       Supplement dated August 25, 1999
                    to the Prospectus dated March 1, 1999,
                            as revised July 1, 1999

The following information replaces in its entirety the information in the
section entitled "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     Anthony Broccardo, Portfolio Manager, who has been responsible for
      the fund since 1999 and has been associated with the advisor and/or its
      affiliates since 1993.

o     Paul Griffiths, Portfolio Manager, who has been responsible for the fund
      since 1995 and has been associated with the advisor and/or its affiliates
      since 1994.

o     John Nadell, Portfolio Manager, who has been responsible for the fund
      since 1998 and has been associated with the advisor and/or its affiliates
      since 1994.


<PAGE>   2
                            ADVISOR CLASS SHARES OF

                        AIM GLOBAL GROWTH & INCOME FUND

                       Supplement dated August 25, 1999
                    to the Prospectus dated March 1, 1999,
                         as supplemented July 1, 1999

The following information replaces in its entirety the information in the
section entitled "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     Anthony Broccardo, Portfolio Manager, who has been responsible for the
      fund since 1999 and has been associated with the advisor and/or its
      affiliates since 1993.

o     Paul Griffiths, Portfolio Manager, who has been responsible for the fund
      since 1995 and has been associated with the advisor and/or its
      affiliates since 1994.

o     John Nadell, Portfolio Manager, who has been responsible for the fund
      since 1998 and has been associated with the advisor and/or its
      affiliates since 1994.





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