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.
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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."