<PAGE> 1
CLASS A, B AND C SHARES OF
AIM DEVELOPING MARKETS FUND
Supplement dated January 24, 2000
to the Prospectus dated March 1, 1999,
as revised October 4, 1999
and as supplemented November 29, 1999
and January 4, 2000
The seventh paragraph appearing under the heading "PRINCIPAL RISKS OF INVESTING
IN THE FUND" on page 2 of the prospectus is deleted in its entirety.
The following replaces in its entirety the paragraph appearing under the
heading "PERFORMANCE INFORMATION" on page 3 of the prospectus:
"The bar chart and table shown below provide an indication of the
risks of investing in the fund. The fund's past performance is not
necessarily an indication of its future performance."
The fourth paragraph appearing under the heading "FINANCIAL HIGHLIGHTS" on page
6 of the prospectus is deleted in its entirety.