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AIM INTERNATIONAL EQUITY FUND
(A SERIES PORTFOLIO OF
AIM INTERNATIONAL FUNDS, INC.)
Supplement dated December 16, 1996
to the Statement of Additional Information dated March 1, 1996
On December 11, 1996, the Board of Directors of AIM International
Funds, Inc. approved, subject to shareholder approval, the elimination of and a
change to certain fundamental investment policies of AIM International Equity
Fund (the "Fund"). Shareholders of the Fund will be asked to approve these
changes at an annual meeting of shareholders to be held on February 7, 1997.
If approved, these changes will become effective as of March 1, 1997.
Reference is made to Investment Restrictions 8 and 10, set forth on
page 14 of the Fund's Statement of Additional Information. The Board of
Directors has approved the elimination of Investment Restriction 8 and a change
to Investment Restrictions 10 and 11. In the event shareholders approve the
proposed changes, Investment Restriction 8 will no longer apply and Investment
Restrictions 10 and 11 will read in full as follows:
10. Purchase a security if, as a result, with respect to 75% of
the value of the Fund's total assets, taken at market value, more than
5% of the Fund's total assets, taken at market value, would be
invested in the securities of any one issuer (including repurchase
agreements with any one entity), except securities issued or
guaranteed by the U.S. Government or any of its agencies or
instrumentalities, and except that the Fund may purchase securities of
other investment companies to the extent permitted by applicable law
or exemptive order.
11. Purchase a security if, as a result, more than 10% of the
outstanding voting securities of any issuer would be held by the fund,
except that the fund may purchase securities of other investment
companies to the extent permitted by applicable law or exemptive
order.
