0000950129-01-503282.txt : 20011009
0000950129-01-503282.hdr.sgml : 20011009
ACCESSION NUMBER: 0000950129-01-503282
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20011001
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: AIM EQUITY FUNDS
CENTRAL INDEX KEY: 0000105377
STANDARD INDUSTRIAL CLASSIFICATION: []
IRS NUMBER: 132576643
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 002-25469
FILM NUMBER: 1749854
BUSINESS ADDRESS:
STREET 1: ELEVEN GREENWAY PLZ
STREET 2: STE 100
CITY: HOUSTON
STATE: TX
ZIP: 77046
BUSINESS PHONE: 7136261919
MAIL ADDRESS:
STREET 1: AIM EQUITY FUNDS
STREET 2: 11 GREENWAY PLZ STE 100
CITY: HOUSTON
STATE: TX
ZIP: 77046
FORMER COMPANY:
FORMER CONFORMED NAME: AIM EQUITY FUNDS INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: COMPUFUND INC
DATE OF NAME CHANGE: 19880616
FORMER COMPANY:
FORMER CONFORMED NAME: WEINGARTEN EQUITY FUND INC
DATE OF NAME CHANGE: 19880929
497
1
h90446cce497.txt
AIM EQUITY FUNDS - 497(E)
1
RETAIL CLASSES OF
AIM AGGRESSIVE GROWTH FUND
AIM BLUE CHIP FUND
AIM CAPITAL DEVELOPMENT FUND
AIM CHARTER FUND
AIM CONSTELLATION FUND
AIM DENT DEMOGRAPHIC TRENDS FUND
AIM EMERGING GROWTH FUND
AIM LARGE CAP BASIC VALUE FUND
AIM LARGE CAP GROWTH FUND
AIM MID CAP GROWTH FUND
AIM WEINGARTEN FUND
(SERIES PORTFOLIOS OF AIM EQUITY FUNDS)
Supplement dated October 1, 2001
to the Statement of Additional Information dated March 1, 2001
as supplemented May 4, 2001, July 6, 2001, August 1, 2001, September 4, 2001
and September 18, 2001
The following information replaces in its entirety the section titled
"MANAGEMENT" -"TRUSTEES AND OFFICERS" on page 32 of the Statement of Additional
Information:
"TRUSTEES AND OFFICERS
The trustees and officers of the Trust and their principal occupations during
the last five years are set forth below. Unless otherwise indicated, the address
of each trustee and officer is 11 Greenway Plaza, Suite 100, Houston, Texas
77046-1173.
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
*ROBERT H. GRAHAM (54) Trustee, Chairman Chairman, President and Chief Executive Officer, A I M
and President Management Group Inc.; Chairman and President, A I M
Advisors, Inc.; Director and Senior Vice President,
A I M Capital Management, Inc.; Chairman, A I M
Distributors, Inc., A I M Fund Services, Inc. and Fund
Management Company; and Director and Vice Chairman,
AMVESCAP PLC (parent of AIM and a global investment
management firm).
FRANK S. BAYLEY (62) Trustee Partner, law firm of Baker & McKenzie; Director and
Two Embarcadero Center Chairman, C.D. Stimson Company (private investment
Suite 2400 company); and Trustee, The Badgley Funds.
San Francisco, CA 94111
--------
* Mr. Graham is an "interested person" of the Trust and AIM as that term is
defined in the 1940 Act.
2
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
BRUCE L. CROCKETT (57) Trustee Director, ACE Limited (insurance company). Formerly,
906 Frome Lane Director, President and Chief Executive Officer, COMSAT
McLean, VA 22102 Corporation; and Chairman, Board of Governors of
INTELSAT (international communications company).
OWEN DALY II (77) Trustee Formerly, Director, Cortland Trust, Inc. (investment
Six Blythewood Road company), CF & I Steel Corp., Monumental Life Insurance
Baltimore, MD 21210 Company and Monumental General Insurance Company; and
Chairman of the Board of Equitable Bancorporation.
ALBERT R. DOWDEN (59) Trustee Chairman of the Board of Directors, Cortland Trust,
1815 Central Park Drive Inc. (investment company) and DHJ Media, Inc.; and
P.O. Box 774000 - PMB #222 Director, Magellan Insurance Company. Formerly,
Steamboat Springs, CO 80477 Director, President and Chief Executive Officer, Volvo
Group North America, Inc.; Senior Vice President, AB
Volvo; and Director, The Hertz Corporation, Genmar
Corporation (boat manufacturer), National Media
Corporation and Annuity and Life Re (Holdings), Ltd.
EDWARD K. DUNN, JR. (66) Trustee Formerly, Chairman of the Board of Directors,
2 Hopkins Plaza Mercantile Mortgage Corp.; Vice Chairman of the Board
8th Floor, Suite 805 of Directors, President and Chief Operating Officer,
Baltimore, MD 21201 Mercantile-Safe Deposit & Trust Co.; and President,
Mercantile Bankshares Corp.
JACK M. FIELDS (49) Trustee Chief Executive Officer, Twenty First Century Group,
434 New Jersey Avenue, SE Inc. (governmental affairs company). Formerly, Member
Washington, DC 20003 of the U.S. House of Representatives.
3
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
**CARL FRISCHLING (64) Trustee Partner, Kramer Levin Naftalis & Frankel LLP (law firm).
919 Third Avenue
New York, NY 10022
PREMA MATHAI-DAVIS (50) Trustee Member, Visiting Committee, Harvard University Graduate
370 East 76th Street School of Education, New School University. Formerly,
New York, NY 10021 Chief Executive Officer, YWCA of the USA; Commissioner,
New York City Department of the Aging; and
Commissioner, New York City Metropolitan Transportation
Authority.
LEWIS F. PENNOCK (58) Trustee Partner, Pennock & Cooper (law firm).
6363 Woodway, Suite 825
Houston, TX 77057
RUTH H. QUIGLEY (66) Trustee Private investor; and President, Quigley Friedlander &
1055 California Street Co., Inc. (financial advisory services firm) from 1984
San Francisco, CA 94108 to 1986.
LOUIS S. SKLAR (62) Trustee Executive Vice President, Development and Operations,
The Williams Tower Hines Interests Limited Partnership (real estate
50th Floor development).
2800 Post Oak Blvd.
Houston, TX 77056
GARY T. CRUM (54) Senior Vice Director and President, A I M Capital Management, Inc.;
President Director and Executive Vice President, A I M Management
Group Inc.; Director and Senior Vice President, A I M
Advisors, Inc.; and Director, A I M Distributors, Inc.
and AMVESCAP PLC (parent of AIM and a global investment
management firm).
--------
** Mr. Frischling may be an "interested person" of the Trust as that term is
defined in the 1940 Act. The law firm in which Mr. Frischling is a partner
is counsel to the independent directors/trustees of the AIM Funds and the
AIM Funds pay such firm's fees. The AIM Funds believe that Mr. Frischling is
not an interested person of the AIM Funds solely as a result of this
relationship and are currently communicating with the SEC to confirm their
view.
4
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
CAROL F. RELIHAN (46) Senior Vice Director, Senior Vice President, General Counsel and
President and Secretary, A I M Advisors, Inc.; Director, Senior Vice
Secretary President, General Counsel and Secretary, A I M
Management Group Inc.; Director, Vice President and
General Counsel, Fund Management Company; Vice
President, A I M Fund Services, Inc., A I M Capital
Management, Inc. and A I M Distributors, Inc.
DANA R. SUTTON (42) Vice President and Vice President and Fund Treasurer, A I M Advisors, Inc.
Treasurer
MELVILLE B. COX (58) Vice President Vice President and Chief Compliance Officer, A I M
Advisors, Inc. and A I M Capital Management, Inc.; and
Vice President, A I M Fund Services, Inc.
EDGAR M. LARSEN (61) Vice President Vice President, A I M Advisors, Inc. and A I M Capital
Management, Inc.
The standing committees of the Board of Trustees are the Audit
Committee, the Investments Committee and the Committee on Directors/Trustees.
The members of the Audit Committee are Messrs. Bayley, Crockett, Daly,
Dowden (Vice Chair), Dunn (Chair), Fields, Frischling (on leave of absence),
Pennock and Sklar, Dr. Mathai-Davis and Ms. Quigley. The Audit Committee is
responsible for: (i) considering management's recommendations of independent
accountants for each Fund and evaluating such accountants' performance, costs
and financial stability; (ii) with AIM, reviewing and coordinating audit plans
prepared by the Funds' independent accountants and management's internal audit
staff; and (iii) reviewing financial statements contained in periodic reports to
shareholders with the Funds' independent accountants and management.
The members of the Investments Committee are Messrs. Bayley, Crockett,
Daly, Dowden, Dunn, Fields, Frischling, Pennock and Sklar (Chair), Dr.
Mathai-Davis (Vice Chair) and Ms. Quigley. The Investments Committee is
responsible for: (i) overseeing AIM's investment-related compliance systems and
procedures to ensure their continued adequacy; and (ii) considering and acting,
on an interim basis between meetings of the full Board, on investment-related
matters requiring Board consideration, including dividends and distributions,
brokerage policies and pricing matters.
The members of the Committee on Directors/Trustees are Messrs. Bayley,
Crockett (Chair), Daly, Dowden, Dunn, Fields (Vice Chair), Pennock and Sklar,
Dr. Mathai-Davis and Ms. Quigley. The Committee on Directors/Trustees is
responsible for: (i) considering and nominating individuals to stand for
election as dis-interested trustees as long as the Trust
5
maintains a distribution plan pursuant to Rule 12b-1 under the 1940 Act; (ii)
reviewing from time to time the compensation payable to the dis-interested
trustees; and (iii) making recommendations to the Board regarding matters
related to compensation, including deferred compensation plans and retirement
plans for the dis-interested trustees.
The Committee on Directors/Trustees will consider nominees recommended
by a shareholder to serve as trustees, provided: (i) that such person is a
shareholder of record at the time he or she submits such names and is entitled
to vote at the meeting of shareholders at which trustees will be elected; and
(ii) that the Committee on Directors/Trustees or the Board, as applicable, shall
make the final determination of persons to be nominated.
All of the Trust's trustees also serve as directors or trustees of some
or all of the other investment companies managed or advised by AIM. All of the
Trust's executive officers hold similar offices with some or all of the other
investment companies managed or advised by AIM."
6
INSTITUTIONAL CLASSES OF
AIM CHARTER FUND
AIM CONSTELLATION FUND
AIM WEINGARTEN FUND
(SERIES PORTFOLIOS OF AIM EQUITY FUNDS)
Supplement dated October 1, 2001
to the Statement of Additional Information dated March 1, 2001
as supplemented July 13, 2001, August 1, 2001 and September 18, 2001
The following information replaces in its entirety the section titled
"MANAGEMENT" - "TRUSTEES AND OFFICERS" on page 26 of the Statement of Additional
Information:
"TRUSTEES AND OFFICERS
The trustees and officers of the Trust and their principal occupations
during the last five years are set forth below. Unless otherwise indicated, the
address of each trustee and officer is 11 Greenway Plaza, Suite 100, Houston,
Texas 77046-1173.
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
*ROBERT H. GRAHAM (54) Trustee, Chairman Chairman, President and Chief Executive Officer, A I M
and President Management Group Inc.; Chairman and President, A I M
Advisors, Inc.; Director and Senior Vice President,
A I M Capital Management, Inc.; Chairman A I M
Distributors, Inc., A I M Fund Services, Inc. and Fund
Management Company; and Director and Vice Chairman,
AMVESCAP PLC (parent of AIM and a global investment
management firm).
FRANK S. BAYLEY (62) Trustee Partner, law firm of Baker & McKenzie; Director and
Two Embarcadero Center Chairman, C.D. Stimson Company (private investment
Suite 2400 company); and Trustee, The Badgley Funds.
San Francisco, CA 94111
--------
* Mr. Graham is an "interested person" of the Trust and AIM as that term is
defined in the 1940 Act.
7
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
BRUCE L. CROCKETT (57) Trustee Director, ACE Limited (insurance company). Formerly,
906 Frome Lane Director, President and Chief Executive Officer,
McLean, VA 22102 COMSAT Corporation; and Chairman, Board of Governors
of INTELSAT (international communications company).
OWEN DALY II (77) Trustee Formerly, Director, Cortland Trust, Inc. (investment
Six Blythewood Road company), CF & I Steel Corp., Monumental Life
Baltimore, MD 21210 Insurance Company and Monumental General Insurance
Company; and Chairman of the Board of Equitable
Bancorporation.
ALBERT R. DOWDEN (59) Trustee Chairman of the Board of Directors, Cortland Trust,
1815 Central Park Drive Inc. (investment company) and DHJ Media, Inc.; and
P.O. Box 774000 - PMB #222 Director, Magellan Insurance Company. Formerly,
Steamboat Springs, CO 80477 Director, President and Chief Executive Officer, Volvo
Group North America, Inc.; Senior Vice President, AB
Volvo; and Director, The Hertz Corporation, Genmar
Corporation (boat manufacturer), National Media
Corporation and Annuity and Life Re (Holdings), Ltd.
EDWARD K. DUNN, JR. (66) Trustee Formerly, Chairman of the Board of Directors,
2 Hopkins Plaza Mercantile Mortgage Corp.; Vice Chairman of the Board
8th Floor, Suite 805 of Directors, President and Chief Operating Officer,
Baltimore, MD 21201 Mercantile-Safe Deposit & Trust Co.; and President,
Mercantile Bankshares Corp.
JACK M. FIELDS (49) Trustee Chief Executive Officer, Twenty First Century Group,
434 New Jersey Avenue, SE Inc. (governmental affairs company). Formerly,
Washington, DC 20003 Member of the U.S. House of Representatives.
8
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
**CARL FRISCHLING (64) Trustee Partner, Kramer Levin Naftalis & Frankel LLP (law
919 Third Avenue firm).
New York, NY 10022
PREMA MATHAI-DAVIS (50) Trustee Member, Visiting Committee, Harvard University Graduate
370 East 76th Street School of Education, New School University. Formerly,
New York, NY 10021 Chief Executive Officer, YWCA of the USA; Commissioner,
New York City Department of the Aging; and
Commissioner, New York City Metropolitan Transportation
Authority.
LEWIS F. PENNOCK (58) Trustee Partner, Pennock & Cooper (law firm).
6363 Woodway, Suite 825
Houston, TX 77057
RUTH H. QUIGLEY (66) Trustee Private investor; and President, Quigley Friedlander
1055 California Street & Co., Inc. (financial advisory services firm) from
San Francisco, CA 94108 1984 to 1986.
LOUIS S. SKLAR (62) Trustee Executive Vice President, Development and Operations,
The Williams Tower Hines Interests Limited Partnership (real estate
50th Floor development).
2800 Post Oak Blvd.
Houston, TX 77056
GARY T. CRUM (54) Senior Vice Director and President, A I M Capital Management,
President Inc.; Director and Executive Vice President, A I M
Management Group Inc.; Director and Senior Vice
President, A I M Advisors, Inc.; and Director, A I M
Distributors, Inc. and AMVESCAP PLC (parent of AIM
and a global investment management firm).
--------
** Mr. Frischling may be an "interested person" of the Trust as that term is
defined in the 1940 Act. The law firm in which Mr. Frischling is a partner
is counsel to the independent directors/trustees of the AIM Funds and the
AIM Funds pay such firm's fees. The AIM Funds believe that Mr. Frischling is
not an interested person of the AIM Funds solely as a result of this
relationship and are currently communicating with the SEC to confirm their
view.
9
POSITION(S) PRINCIPAL OCCUPATION(S) DURING
NAME, ADDRESS AND AGE HELD WITH REGISTRANT AT LEAST THE PAST 5 YEARS
===================== ==================== ======================================================
CAROL F. RELIHAN (46) Senior Vice Director, Senior Vice President, General Counsel and
President and Secretary, A I M Advisors, Inc.; Director, Senior
Secretary Vice President, General Counsel and Secretary, A I M
Management Group Inc.; Director, Vice President and
General Counsel, Fund Management Company; Vice
President, A I M Fund Services, Inc., A I M Capital
Management, Inc. and A I M Distributors, Inc.
DANA R. SUTTON (42) Vice President and Vice President and Fund Treasurer, A I M Advisors,
Treasurer Inc.
MELVILLE B. COX (58) Vice President Vice President and Chief Compliance Officer, A I M
Advisors, Inc. and A I M Capital Management, Inc.;
and Vice President, A I M Fund Services, Inc.
EDGAR M. LARSEN (61) Vice President Vice President, A I M Advisors, Inc. and A I M
Capital Management, Inc.
The standing committees of the Board of Trustees are the Audit
Committee, the Investments Committee and the Committee on Directors/Trustees.
The members of the Audit Committee are Messrs. Bayley, Crockett, Daly,
Dowden (Vice Chair), Dunn (Chair), Fields, Frischling (on leave of absence),
Pennock and Sklar, Dr. Mathai-Davis and Ms. Quigley. The Audit Committee is
responsible for: (i) considering management's recommendations of independent
accountants for each Fund and evaluating such accountants' performance, costs
and financial stability; (ii) with AIM, reviewing and coordinating audit plans
prepared by the Funds' independent accountants and management's internal audit
staff; and (iii) reviewing financial statements contained in periodic reports to
shareholders with the Funds' independent accountants and management.
The members of the Investments Committee are Messrs. Bayley, Crockett,
Daly, Dowden, Dunn, Fields, Frischling, Pennock and Sklar (Chair), Dr.
Mathai-Davis (Vice Chair) and Ms. Quigley. The Investments Committee is
responsible for: (i) overseeing AIM's investment-related compliance systems and
procedures to ensure their continued adequacy; and (ii) considering and acting,
on an interim basis between meetings of the full Board, on investment-related
matters requiring Board consideration, including dividends and distributions,
brokerage policies and pricing matters.
The members of the Committee on Directors/Trustees are Messrs. Bayley,
Crockett (Chair), Daly, Dowden, Dunn, Fields (Vice Chair), Pennock and Sklar,
Dr. Mathai-Davis and Ms. Quigley. The Committee on Directors/Trustees is
responsible for: (i) considering and
10
nominating individuals to stand for election as dis-interested trustees as long
as the Trust maintains a distribution plan pursuant to Rule 12b-1 under the 1940
Act; (ii) reviewing from time to time the compensation payable to the
dis-interested trustees; and (iii) making recommendations to the Board regarding
matters related to compensation, including deferred compensation plans and
retirement plans for the dis-interested trustees.
The Committee on Directors/Trustees will consider nominees recommended
by a shareholder to serve as trustees, provided: (i) that such person is a
shareholder of record at the time he or she submits such names and is entitled
to vote at the meeting of shareholders at which trustees will be elected; and
(ii) that the Committee on Directors/Trustees or the Board, as applicable, shall
make the final determination of persons to be nominated.
All of the Trust's trustees also serve as directors or trustees of some
or all of the other investment companies managed or advised by AIM. All of the
Trust's executive officers hold similar offices with some or all of the other
investment companies managed or advised by AIM."