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AIM ASIAN GROWTH FUND
AIM EUROPEAN DEVELOPMENT FUND
AIM GLOBAL AGGRESSIVE GROWTH FUND
AIM GLOBAL GROWTH FUND
AIM GLOBAL INCOME FUND
AIM INTERNATIONAL EQUITY FUND
Supplement dated December 21, 1999
to the Statement of Additional Information dated March 1, 1999
as revised October 1, 1999
Effective March 1, 2000, the following replaces in its entirety the section
appearing under the heading "INVESTMENT STRATEGIES AND RISKS - ASIAN FUND" on
page 12 of the Prospectus:
"The investment objective of the Asian Fund is to provide
long-term growth of capital.
The Asian Fund seeks to achieve its investment objective
by investing in a diversified portfolio of equity securities, the
issuers of which are located in Asia, and which are considered by
AIM to have strong earnings momentum or demonstrate other potential
for capital appreciation. Any income realized by the Asian Fund will
be incidental and will not be an important criterion in the
selection of portfolio securities.
Under normal market conditions the Asian Fund will invest
at least 65% of its total assets in marketable equity securities,
including common stock, preferred stock, depositary receipts for
stock and other securities having the characteristics of stock (such
as an equity or ownership interest in a company) of Asian companies.
The Asian Fund may satisfy the foregoing requirement in part by
investing in the securities of foreign issuers which are in the form
of American Depositary Receipts ("ADRs"), European Depositary
Receipts ("EDRs"), or other securities representing underlying
securities of Asian issuers. The Asian Fund may also satisfy such
requirement by investing up to 20% of its total assets in securities
exchangeable for or convertible into equity securities of Asian
companies. The Asian Fund will not invest in Japanese securities.
Any change to such policy must be submitted by AIM to the Company's
Board of Directors prior to the effectiveness of such change.
The Asian Fund considers an issuer of securities to be an
Asian company if: (i) it is organized under the laws of a country in
Asia and has a principal office in a country in Asia; (ii) it
derives a significant portion (i.e., 50% or more) of its total
revenues from business in Asia; or (iii) its equity securities are
traded principally on a stock exchange in Asia or in an
over-the-counter market in Asia. The Asian Fund also considers
shares of Asian closed-end management investment companies, the
assets of which are invested primarily in Asian equity securities,
to be securities of Asian companies.
There are no prescribed limits on geographic asset
distribution within Asia. Under normal market conditions, at least
three countries will be represented in the Asian Fund's portfolio of
investments. The Asian Fund intends to invest in securities of
issuers in Asia as well as countries such as Australia and New
Zealand. The Asian Fund may invest, without limit, in "developing"
countries or "emerging markets." For a description of the risk
factors associated with investment in emerging markets.
A description of other investment strategies Asian Fund
may pursue follows after the section entitled "--Equity Fund."
The Asian Fund considers issuers of securities located in
the following countries to be Asian issuers:
Bangladesh Indonesia Philippines Thailand
China Korea Singapore Vietnam
Hong Kong Malaysia Sri Lanka
India Pakistan Taiwan
In addition to Asian issuers, Asian Fund may invest up to
35% of its total assets in securities of non-Asian issuers. The
following is a list of some of the non-Asian countries in which
Asian Fund may invest from time to time:
Australia New Zealand"
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CLASS A, B AND C SHARES OF:
AIM ASIAN GROWTH FUND
Supplement dated December 21, 1999
to the Prospectus dated March 1, 1999 as revised
September 27, 1999
Effective March 1, 2000, the following replaces in its entirety the second
paragraph appearing under the heading "INVESTMENT OBJECTIVE AND STRATEGIES" on
page 1 of the Prospectus:
"The fund seeks to meet this objective by investing, normally, at
least 65% of its assets in marketable equity securities issued by
Asian companies (except Japanese companies), including companies
with market capitalizations of less than $1 billion. The fund
considers Asian companies to be those (1) organized under the laws
of a country in Asia and having a principal office in a country in
Asia; (2) that derive 50% or more of their total revenues from
business in Asia; or (3) whose equity securities are traded
principally on a stock exchange, or in an over-the-counter market,
in Asia."
