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                         AIM INTERNATIONAL EQUITY FUND

             (A SERIES PORTFOLIO OF AIM INTERNATIONAL FUNDS, INC.)


                        Supplement dated August 22, 1995
                   to the Statement of Additional Information
                   dated March 1, 1995 as revised May 2, 1995



         The following sentence is inserted on Page 29 after the first sentence
of the second paragraph under the caption "Net Asset Value Determination" in
the Statement of Additional Information:

         "Exchange listed convertible debt securities are valued at the mean
between the last bid and asked prices obtained from broker-dealers."



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