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ADVISOR CLASS SHARES OF
AIM GLOBAL CONSUMER PRODUCTS AND SERVICES FUND
Supplement dated October 4, 1999
to the Prospectus dated March 1, 1999,
as supplemented July 1, 1999
This supplement supersedes and replaces in its entirety the supplement dated
July 1, 1999.
The following replaces in its entirety the fifth paragraph under the heading
"INVESTMENT OBJECTIVE AND STRATEGIES" on page 1 of the prospectus:
"In anticipation of or in response to adverse market conditions, for
cash management purposes, or for defensive purposes, the portfolio
may temporarily hold all or a portion of its assets in cash (U.S.
dollars, foreign currencies or multinational currency units), money
market instruments, shares of affiliated money market funds, or
high-quality debt securities. As a result, the fund or the portfolio
may not achieve its investment objective."
The following paragraph is added immediately following the third paragraph
under the heading "PRINCIPAL RISKS OF INVESTING IN THE FUND" on page 2 of the
prospectus:
"The portfolio may participate in the initial public offering (IPO)
market. Because of the portfolio's small asset base, any investment the
portfolio may make in IPOs may significantly increase the fund's or the
portfolio's total returns. As the portfolio's assets grow, the impact of
IPO investments will decline, which may reduce the fund's or the
portfolio's total returns."
The following is added to the end of the paragraph under the heading
"PERFORMANCE INFORMATION" on page 3 of the prospectus:
"Total return information in the bar chart and table below may be
affected by special market factors, including the portfolio's
investments in initial public offerings (IPOs), which may have a
magnified impact on the portfolio due to its small asset base. There
is no guarantee that, as the portfolio's assets grow, it will
continue to experience substantially similar performance."
Effective October 4, 1999, the following replaces in its entirety the
information appearing under the heading "FUND MANAGEMENT -- PORTFOLIO MANAGER"
on page 5 of the prospectus:
"The advisor uses 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 Derek S. Izuel, 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 1995 to 1997 he was a
full time student at the University of Michigan. From 1991 to
1995 he was a software engineer with Bank of America.
o Roger Mortimer, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the advisor
and/or its affiliates since 1995.
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o Derek H. Webb, Portfolio Manager, who has been responsible for the
fund since 1994 and has been associated with the advisor and/or
its affiliates since 1992.
o Michael Yellen, Senior Portfolio Manager, who has been responsible
for the fund since 1999 and has been associated with the advisor
and/or its affiliates since 1994."
The following paragraph is added after the third paragraph under the heading
"FINANCIAL HIGHLIGHTS" on page 6 of the prospectus:
"Total return information in this table may be affected by special
market factors, including the portfolio's investments in IPOs,
which may have a magnified impact on the portfolio due to its small
asset base. There is no guarantee that, as the portfolio's assets
grow, it will continue to experience substantially similar
performance."
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;
o If you have physical share certificates, you must return them to
the transfer agent prior to the exchange; and
o You are limited to a maximum of 10 exchanges per calendar year,
because excessive short-term trading or market-timing activity
can hurt fund performance. 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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