<PAGE> 1
CLASS A, CLASS B AND CLASS C SHARES OF
AIM EMERGING MARKETS DEBT FUND
Supplement dated March 22, 2000
to the Prospectus dated February 28, 2000
The Board of Trustees of AIM Investment Funds unanimously approved, on March
22, 2000, a Plan of Reorganization ("Plan") pursuant to which AIM Emerging
Markets Debt Fund ("Emerging Markets Debt Fund"), a series of AIM Investment
Funds, would transfer substantially all of its assets to AIM Developing Markets
Fund ("Developing Markets Fund"), another series of AIM Investment Funds. As a
result of the transaction, shareholders of Emerging Markets Debt Fund would
receive shares of Developing Markets Fund in exchange for their shares of
Emerging Markets Debt Fund, and Emerging Markets Debt Fund would cease
operations. Emerging Markets Debt Fund and Developing Markets Fund have similar
investment objectives. Emerging Markets Debt Fund seeks high current income,
and, secondarily, growth of capital; Developing Markets Fund seeks long-term
growth of capital with a secondary objective of income, to the extent
consistent with seeking growth of capital.
The Plan requires approval of Emerging Markets Debt Fund shareholders and will
be submitted to the shareholders for their consideration at a meeting to be
held in May 2000. If the Plan is approved by shareholders of Emerging Markets
Debt Fund and certain conditions required by the Plan are satisfied, the
transaction is expected to become effective shortly thereafter.
Effective April 28, 2000, Class A, Class B and Class C shares of the fund will
be closed to new investors.
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CLASS A, CLASS B AND CLASS C SHARES OF
AIM GLOBAL GOVERNMENT INCOME FUND
Supplement dated March 22, 2000
to the Prospectus dated February 28, 2000
The Board of Trustees of AIM Investment Funds unanimously approved, on March
22, 2000, a Plan of Reorganization ("Plan") pursuant to which AIM Global
Government Income Fund ("Government Income Fund"), a series of AIM Investment
Funds, would transfer substantially all of its assets to AIM Global Income Fund
("Global Income Fund"), a series of AIM International Funds, Inc. As a result
of the transaction, shareholders of Government Income Fund would receive shares
of Global Income Fund in exchange for their shares of Government Income Fund,
and Government Income Fund would cease operations. Government Income Fund and
Global Income Fund have the same investment objective. The investment objective
of each Fund is to seek high current income and secondarily, growth of capital
and protection of principal.
The Plan requires approval of Government Income Fund shareholders and will be
submitted to the shareholders for their consideration at a meeting to be held
in May 2000. If the Plan is approved by shareholders of Government Income Fund
and certain conditions required by the Plan are satisfied, the transaction is
expected to become effective shortly thereafter.
Effective March 22, 2000, the following heading and paragraphs replace in their
entirety the heading and paragraphs appearing under the heading "Fund
Management - The Advisors" on page 5 of the Prospectus:
"THE ADVISOR
A I M Advisors, Inc. (the advisor) serves as the fund's investment
advisor. The advisor is located at 11 Greenway Plaza, Suite 100,
Houston, Texas 77046-1173. The advisor supervises all aspects of the
fund's operations and provides investment advisory services to the
fund, including obtaining and evaluating economic, statistical and
financial information to formulate and implement investment programs
for the fund.
The advisor has acted as an investment advisor since its
organization in 1976. Today, the advisor, together with its
subsidiaries, advises or manages over 120 investment portfolios,
including the fund, encompassing a broad range of investment
objectives."
Effective March 22, 2000, the following paragraph replaces in its entirety the
paragraph appearing under the heading "Fund Management - Portfolio Managers" 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, all of whom are
officers of A I M Capital Management, Inc., a wholly owned
subsidiary of the advisor, are
o Robert G. Alley, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated
with the advisor and/or its affiliates since 1992.
o Jan H. Friedli, Portfolio Manager, who has been responsible for
the fund since 2000 and has been associated with the advisor
and/or its affiliates since 1999. From 1997 to 1999, he was
global fixed-income portfolio manager for Nicholas-Applegate
Capital Management. From 1994 to 1997, he was international
fixed-income trader and analyst for Strong Capital Management."
Effective April 28, 2000, Class A, Class B and Class C shares of the fund will
be closed to new investors.
<PAGE> 3
CLASS A, CLASS B AND CLASS C SHARES OF
AIM GLOBAL GROWTH & INCOME FUND
Supplement dated March 22, 2000
to the Prospectus dated February 28, 2000
The Board of Trustees of AIM Investment Funds unanimously approved, on March
22, 2000, a Plan of Reorganization ("Plan") pursuant to which AIM Global Growth
& Income Fund ("Growth & Income Fund"), a series of AIM Investment Funds, would
transfer substantially all of its assets to AIM Global Growth Fund ("Growth
Fund"), a series of AIM International Funds, Inc. As a result of the
transaction, shareholders of Growth & Income Fund would receive shares of
Growth Fund in exchange for their shares of Growth & Income Fund, and Growth &
Income Fund would cease operations. Growth & Income Fund and Growth Fund have
similar investment objectives. Growth & Income Fund seeks long-term growth of
capital together with current income; Growth Fund seeks long-term growth of
capital.
The Plan requires approval of Growth & Income Fund shareholders and will be
submitted to the shareholders for their consideration at a meeting to be held
in May 2000. If the Plan is approved by shareholders of Growth & Income Fund
and certain conditions required by the Plan are satisfied, the transaction is
expected to become effective shortly thereafter.
Effective March 22, 2000, the following heading and paragraphs replace in their
entirety the heading and paragraphs appearing under the heading "Fund
Management - The Advisors" on page 4 of the Prospectus:
"THE ADVISOR
A I M Advisors, Inc. (the advisor) serves as the fund's investment
advisor. The advisor is located at 11 Greenway Plaza, Suite 100,
Houston, Texas 77046-1173. The advisor supervises all aspects of the
fund's operations and provides investment advisory services to the
fund, including obtaining and evaluating economic, statistical and
financial information to formulate and implement investment programs
for the fund.
The advisor has acted as an investment advisor since its
organization in 1976. Today, the advisor, together with its
subsidiaries, advises or manages over 120 investment portfolios,
including the fund, encompassing a broad range of investment
objectives."
Effective March 22, 2000, the following paragraph replaces in its entirety the
paragraph appearing under the heading "Fund Management - Portfolio Managers" on
page 4 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, all of whom are
officers of A I M Capital Management, Inc., a wholly owned subsidiary
of the advisor, are
o Monika H. Degan, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated
with the advisor and/or its affiliates since 1995.
o A. Dale Griffin, III, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated
with the advisor and/or its affiliates since 1989.
o Benjamin A. Hock, Jr., Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated
with the advisor and/or its affiliates since 1999. From 1994
to 1999, he was, among other offices, head of equity research
at John Hancock Advisers, Inc.
<PAGE> 4
o Jason T. Holzer, Portfolio Manager, who has been responsible
for the fund since 2000 and has been associated with the
advisor and/or its affiliates since 1996. From 1994 to 1996,
he was an associate with JMB Realty.
o Clas G. Olsson, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated
with the advisor and/or its affiliates since 1994.
o Jonathan C. Schoolar, Senior Portfolio Manager, who has been
responsible for the fund since 2000 and has been associated
with the advisor and/or its affiliates since 1986.
o Barrett K. Sides, Portfolio Manager, who has been responsible
for the fund since 2000 and has been associated with the
advisor and/or its affiliates since 1990."
Effective April 28, 2000, Class A, Class B and Class C shares of the fund will
be closed to new investors.
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