<PAGE> 1
CLASS A, B AND C SHARES OF
AIM DEVELOPING MARKETS FUND
Supplement dated January 4, 2000
to the Prospectus dated March 1, 1999,
as revised October 4, 1999
and as supplemented November 29, 1999
This supplement supercedes and replaces in its entirety the supplement dated
November 29, 1999.
Effective January 4, 2000, the following replaces in its entirety the
information appearing under the heading "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 William Barron, 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 John Cleary, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the advisor
and/or its affiliates since 1998. From 1997 to 1998, he was
Manager of a global markets fixed income fund for West Merchant
Bank Ltd. From 1994 to 1996, he was enrolled in graduate
school.
o Christine Rowley, Portfolio Manager, who has been responsible
for the fund since 1999 and has been associated with the
advisor and/or its affiliates since 1991."
<PAGE> 2
ADVISOR CLASS SHARES OF
AIM DEVELOPING MARKETS FUND
Supplement dated January 4, 2000
to the Prospectus dated March 1, 1999,
as supplemented June 11, 1999 and November 29, 1999
This supplement supercedes and replaces in its entirety the supplement dated
November 29, 1999.
Effective January 4, 2000, the following replaces in its entirety the
information appearing under the heading "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 William Barron, 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 John Cleary, Portfolio Manager, who has been responsible for
the fund since 1999 and has been associated with the advisor
and/or its affiliates since 1998. From 1997 to 1998, he was
Manager of a global markets fixed income fund for West Merchant
Bank Ltd. From 1994 to 1996, he was enrolled in graduate
school.
o Christine Rowley, Portfolio Manager, who has been responsible
for the fund since 1999 and has been associated with the
advisor and/or its affiliates since 1991."
The following information replaces in its entirety the table under the
heading "FEE TABLE -- ANNUAL FUND OPERATING EXPENSES" on page 4 of the
Prospectus:
"ANNUAL FUND OPERATING EXPENSES
----------------------------------------------------------------
(expenses that are deducted
from fund assets) ADVISOR CLASS
--------------------------------------------------------------------
Management Fees 0.98%
Distribution and/or
Service (12b-1) Fees None
Other Expenses
Other 0.91
Interest 0.20
----
Total Other Expenses 1.11
Total Annual Fund
Operating Expenses 2.09
Expense Reimbursement(1) 0.39
Net Expenses 1.70
--------------------------------------------------------------------
1 The investment advisor has contractually agreed to limit net
expenses for Advisor Class shares of the fund to 1.50%, not
including interest expense."
