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ADVISOR CLASS SHARES OF:
AIM GLOBAL RESOURCES FUND
Supplement dated October 1, 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.
The following replaces in its entirety the fifth paragraph appearing 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 fourth paragraph
under the heading "PRINCIPAL RISKS OF INVESTING IN THE FUND" on Page 1 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
the fund's and the portfolio's total returns. As the portfolio's assets
grow, the impact of the IPO investments will decline, which may reduce
the fund's and the portfolio's total returns."
The following is added at 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
investment 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, the fund and the portfolio will
continue to experience substantially similar performance."
Effective October 1, 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 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.
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."
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The following paragraph is added immediately following 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 investment 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, the fund and the portfolio 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."
