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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SW5w4LKGRtTlRFwHVGjoxD9uESTg7GlR9IYiFlReFtevnd5Peq3oCAcOsqKho5mW
 EcNIrRxBROwatJcbkSELNw==

<SEC-DOCUMENT>0000950129-98-002822.txt : 19980702
<SEC-HEADER>0000950129-98-002822.hdr.sgml : 19980702
ACCESSION NUMBER:		0000950129-98-002822
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980701
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIM EQUITY FUNDS INC
		CENTRAL INDEX KEY:			0000105377
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				132576643
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	002-25469
		FILM NUMBER:		98659143

	BUSINESS ADDRESS:	
		STREET 1:		ELEVEN GREENWAY PLZ
		STREET 2:		STE 1919
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
		BUSINESS PHONE:		7136261919

	MAIL ADDRESS:	
		STREET 1:		AIM EQUITY FUNDS INC
		STREET 2:		11 GREENWAY PLZ STE 1919
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WEINGARTEN EQUITY FUND INC
		DATE OF NAME CHANGE:	19880929

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMPUFUND INC
		DATE OF NAME CHANGE:	19880616
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>AIM EQUITY FUNDS - SAI RETAIL - 497(E)
<TEXT>

<PAGE>   1
                                RETAIL CLASSES OF


                               AIM BLUE CHIP FUND
                                AIM CHARTER FUND
                               AIM WEINGARTEN FUND
                             AIM CONSTELLATION FUND
                           AIM AGGRESSIVE GROWTH FUND
                          AIM CAPITAL DEVELOPMENT FUND

                  (SERIES PORTFOLIOS OF AIM EQUITY FUNDS, INC.)


                 Supplement dated July 1, 1998 to the Statement
                of Additional Information dated February 27, 1998


The second sentence in the first paragraph under the caption "INVESTMENT
OBJECTIVES AND POLICIES - Futures Contracts" on page 14 is deleted and replaced
in its entirety by the following:


        "In cases of purchases of futures contracts, an amount of liquid assets,
equal to the cost of the futures contracts (less any related margin deposits),
will be segregated to collateralize the position and ensure that the use of such
futures contracts is unleveraged."

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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