AIM INVESTMENT FUNDS
497, 2000-02-15
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                AIM GLOBAL TELECOMMUNICATIONS AND TECHNOLOGY FUND

                            CLASS A, B AND C SHARES

                       Supplement dated February 15, 2000
                     to the Prospectus dated March 1, 1999,
                          as revised June 17, 1999 and
                       as supplemented February 11, 2000


This supplement supersedes and replaces in its entirety the supplement dated
February 11, 2000.

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, all of whom are
           officers of A I M Capital Management, Inc., a wholly owned
           subsidiary of the advisor are

           o    David P. Barnard, Senior Portfolio Manager, who has been
                responsible for the fund since 1999 and has been associated
                with the advisor and/or its affiliates since 1982.

           o    Claude C. Cody IV, Senior Portfolio Manager, who has been
                responsible for the fund since 1999 and has been  associated
                with the advisor and/or its affiliates since 1992.

           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    Robert M. Kippes, Senior Portfolio Manager, who has been
                responsible for the fund since 1999 and has been  associated
                with the advisor and/or its affiliates since 1989.

           o    Jonathan C. Schoolar, Senior Portfolio Manager, who has been
                responsible for the fund since 1999 and has been associated
                with the advisor and/or its affiliates since 1986.

           o    Kenneth A. Zschappel, Senior Portfolio Manager, who has been
                responsible for the fund since 1999 and has been associated
                with the advisor and/or its affiliates since 1990."

Advisor Class shares of AIM Global Telecommunications and Technology Fund
converted to Class A shares of the fund effective the close of business on
February 11, 2000. Advisor Class shares of the fund are no longer offered for
sale or exchange.




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