-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Jbb7HSHi/nUmMxJMd9as0FM4iDbo0ZwLp2rCQKNiC86nPT9voHDXYLyNFMP8geiI RxFHgECHyjag8rvdAdE6Vw== 0000950129-04-010185.txt : 20041229 0000950129-04-010185.hdr.sgml : 20041229 20041229170308 ACCESSION NUMBER: 0000950129-04-010185 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20041229 DATE AS OF CHANGE: 20041229 EFFECTIVENESS DATE: 20041229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM EQUITY FUNDS CENTRAL INDEX KEY: 0000105377 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: 041231706 BUSINESS ADDRESS: STREET 1: ELEVEN GREENWAY PLZ STREET 2: STE 100 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 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: WEINGARTEN EQUITY FUND INC DATE OF NAME CHANGE: 19880929 FORMER COMPANY: FORMER CONFORMED NAME: COMPUFUND INC DATE OF NAME CHANGE: 19880616 497 1 h21193ce497.txt AIM EQUITY FUNDS - 497(E) AIM EQUITY FUNDS AIM Aggressive Growth Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, April 19, 2004, April 30, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Capital Development Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated November 30, 2004 as supplemented November 30, 2004 AIM Blue Chip Fund - Investor Class, Class A, B, C and R AIM Charter Fund - Class A, B, C and R AIM Constellation Fund - Class A, B, C and R AIM Diversified Dividend Fund - Class A, B and C AIM Large Cap Basic Value Fund - Investor Class, Class A, B, C and R AIM Large Cap Growth Fund - Investor Class, Class A, B, C and R AIM Weingarten Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectuses dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Dent Demographic Trends Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 1, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Emerging Growth Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, June 4, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Mid Cap Growth Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 14, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Aggressive Growth Fund - Institutional Class AIM Blue Chip Fund - Institutional Class AIM Capital Development Fund - Institutional Class AIM Charter Fund - Institutional Class AIM Constellation Fund - Institutional Class AIM Large Cap Basic Value Fund - Institutional Class AIM Large Cap Growth Fund - Institutional Class AIM Mid Cap Growth Fund - Institutional Class AIM Weingarten Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 14, 2004, May 18, 2004, July 16, 2004, September 8, 2004, October 12, 2004 and November 23, 2004 AIM COMBINATION STOCK & BOND FUNDS AIM Core Stock Fund - Investor Class, Class A, B, C and K AIM Total Return Fund - Investor Class, Class A, B, C and K AIM Total Return Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectuses dated December 3, 2004 as supplemented December 3, 2004 AIM COUNSELOR SERIES TRUST AIM Advantage Health Sciences Fund - Class A, B and C AIM Multi-Sector Fund - Class A, B and C AIM Multi-Sector Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectuses dated December 3, 2004 as supplemented December 3, 2004 AIM FLOATING RATE FUND Class B and C Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM FUNDS GROUP AIM Balanced Fund - Class A, B, C and R AIM Basic Balanced Fund - Class A, B, C and R AIM Global Value Fund - Class A, B and C AIM Select Equity Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectuses dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM European Small Company Fund - Class A, B and C AIM International Emerging Growth Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004, July 16, 2004 September 8, 2004, October 12, 2004 and December 22, 2004 AIM Mid Cap Basic Value Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 3, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Premier Equity Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 14, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 1 AIM Small Cap Equity Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004, July 16, 2004, September 1, 2004, September 8, 2004, October 12, 2004 and December 13, 2004 AIM Balanced Fund - Institutional Class AIM Basic Balanced Fund - Institutional Class AIM Mid Cap Basic Value Fund - Institutional Class AIM Premier Equity Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 3, 2004, May 14, 2004, May 18, 2004, July 16, 2004, September 8, 2004, October 12, 2004 and November 23, 2004 AIM GROWTH SERIES AIM Aggressive Allocation Fund - Class A, B, C and R AIM Basic Value Fund - Class A, B, C and R AIM Conservative Allocation Fund - Class A, B, C and R AIM Moderate Allocation Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectuses dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004, July 16, 2004 and September 8, 2004 AIM Global Equity Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as revised September 17, 2004 as supplemented September 17, 2004, September 23, 2004 (A), September 23, 2004 (B) and October 12, 2004 AIM Mid Cap Core Equity Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004 July 16, 2004, September 8, 2004, October 12, 2004 and December 20, 2004 AIM Small Cap Growth Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004 July 16, 2004, September 8, 2004 (A), September 8, 2004 (B), October 12, 2004, and December 20, 2004 AIM Aggressive Allocation Fund - Institutional Class AIM Basic Value Fund - Institutional Class AIM Conservative Allocation Fund - Institutional Class AIM Global Equity Fund - Institutional Class AIM Mid Cap Core Equity Fund - Institutional Class AIM Moderate Allocation Fund - Institutional Class AIM Small Cap Growth Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectuses dated April 30, 2004 as revised September 17, 2004 as supplemented September 17, 2004, September 23, 2004 (A), September 23, 2004 (B), October 12, 2004, November 23, 2004 and December 20, 2004 AIM INTERNATIONAL MUTUAL FUNDS AIM Asia Pacific Growth Fund - Class A, B and C AIM European Growth Fund - Investor Class, Class A, B, C and R AIM Global Aggressive Growth Fund - Class A, B and C AIM Global Growth Fund - Class A, B and C AIM International Growth Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectuses dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM International Growth Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004, October 12, 2004 and November 23, 2004 AIM International Core Equity Fund - Class A, B, C, R and Investor Class AIM International Core Equity Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectuses dated April 30, 2004 as supplemented April 30, 2004, May 18, 2004, July 16, 2004, September 8, 2004 September 30, 2004 and October 12, 2004 AIM INVESTMENT FUNDS AIM Developing Markets Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectuses dated March 1, 2004 as supplemented March 1, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Global Health Care Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectus dated March 1, 2004 as supplemented March 1, 2004, May 18, 2004, July 14, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Libra Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectus dated March 1, 2004 as supplemented March 1, 2004, May 18, 2004 July 16, 2004, September 8, 2004, October 12, 2004 and December 17, 2004 AIM Trimark Endeavor Fund - Class A, B, C and R AIM Trimark Small Companies Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectuses dated March 1, 2004 as revised April 30, 2004 as supplemented April 30, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 AIM Trimark Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated March 1, 2004 as revised December 1, 2004 as supplemented December 1, 2004 (A) and December 1, 2004 (B) 2 AIM Trimark Endeavor Fund - Institutional Class AIM Trimark Fund - Institutional Class AIM Trimark Small Companies Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectus dated March 1, 2004 as revised December 1, 2004 as supplemented December 1, 2004 AIM INVESTMENT SECURITIES FUNDS AIM High Yield Fund - Investor Class, Class A, B and C AIM Income Fund - Investor Class, Class A, B, C and R AIM Intermediate Government Fund - Investor Class, Class A, B, C and R AIM Limited Maturity Treasury Fund - Class A and A3 AIM Money Market Fund - AIM Cash Reserve Shares, Class B, C, R and Investor Class Shares AIM Municipal Bond Fund - Investor Class, Class A, B and C AIM Short Term Bond Fund - Class A, C and R AIM Total Return Bond Fund - Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectuses dated November 23, 2004 as supplemented November 23, 2004 AIM Real Estate Fund - Investor Class, Class A, B, C and R Supplement A dated December 29, 2004 to the Prospectus dated November 23, 2004 as supplemented November 23, 2004 and December 20, 2004 AIM High Yield Fund - Institutional Class AIM Limited Maturity Treasury Fund - Institutional Class AIM Money Market Fund - Institutional Class AIM Real Estate Fund - Institutional Class AIM Short Term Bond Fund - Institutional Class AIM Total Return Bond Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectus dated November 23, 2004 as supplemented November 23, 2004 (A), November 23, 2004 (B) and December 20, 2004 AIM SECTOR FUNDS AIM Energy Fund - Investor Class, Class A, B, C and K AIM Financial Services Fund - Investor Class, Class A, B, C and K AIM Gold & Precious Metals Fund - Investor Class, Class A, B and C AIM Health Sciences Fund - Investor Class, Class A, B, C and K AIM Leisure Fund - Investor Class, Class A, B, C and K AIM Technology Fund - Investor Class, Class A, B, C and K AIM Utilities Fund - Investor Class, Class A, B and C AIM Technology Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectuses dated July 30, 2004 as supplemented July 30, 2004, September 8, 2004, September 30, 2004 and October 12, 2004 AIM SPECIAL OPPORTUNITIES FUNDS AIM Opportunities I Fund - Class A, B and C AIM Opportunities II Fund - Class A, B and C AIM Opportunities III Fund - Class A, B and C Supplement A dated December 29, 2004 to the Prospectuses dated February 27, 2004 as revised November 30, 2004 as supplemented November 30, 2004 AIM STOCK FUNDS AIM Dynamics Fund - Investor Class, Class A, B, C and K AIM Small Company Growth Fund - Investor Class, Class A, B, C and K AIM S&P 500 Index Fund - Investor Class AIM Mid Cap Stock Fund - Investor Class, Class A, B, C and K AIM Dynamics Fund - Institutional Class AIM S&P 500 Index Fund - Institutional Class AIM Mid Cap Stock Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectuses dated November 19, 2004 as supplemented November 19, 2004 AIM SUMMIT FUND Supplement A dated December 29, 2004 to the Prospectuses dated March 2, 2004 as supplemented March 2, 2004, May 18, 2004, July 16, 2004, August 10, 2004, September 8, 2004 and October 12, 2004 AIM TAX-EXEMPT FUNDS AIM High Income Municipal Fund - Class A, B and C AIM Tax-Exempt Cash Fund - Investor Class, Class A AIM Tax-Free Intermediate Fund - Class A and A3 Supplement A dated December 29, 2004 to the Prospectuses dated July 30, 2004 as supplemented July 30, 2004, September 8, 2004 and October 12, 2004 AIM Tax Free Intermediate Fund - Institutional Class Supplement A dated December 29, 2004 to the Prospectus dated July 30, 2004 as supplemented July 30, 2004, September 8, 2004, October 12, 2004 and November 23, 2004 AIM TREASURER'S SERIES TRUST Premier U.S. Government Money Portfolio - Investor Class Supplement A dated December 29, 2004 to the Prospectuses dated December 2, 2004 as supplemented December 2, 2004 3 The information below is in addition to the information contained in the supplement dated October 12, 2004, November 19, 2004, November 23, 2004, November 30, 2004, December 1, 2004, December 2, 2004 and December 3, 2004, as applicable. The AIM Funds' Boards of Trustees have approved a proposal by A I M Advisors, Inc. ("AIM") to waive the advisory fees payable to AIM by certain AIM equity and balanced funds listed below. These fee waivers are effective January 1, 2005 through December 31, 2009 and reduce the advisory fees payable by these funds to the annual rates set forth below (based on average daily net assets). These advisory fee waivers were proposed by AIM to comply with the terms of the recent settlement with the New York Attorney General ("NYAG") to resolve a civil enforcement action and investigation related to market timing activity and related issues in the AIM Funds. The advisory fee waivers discussed below implement AIM's agreement with the NYAG to reduce its advisory fees on the AIM Funds by $15 million per year for the next five years, based upon effective fee rates and assets under management as of July 1, 2004, and not to increase certain advisory fees during this period.
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Basic Balanced Fund 0.65% of the first $1B 0.62% of the first $250M 0.60% of the next $4B 0.605% of the next $250M 0.55% of the excess over $5B 0.59% of the next $500M 0.575% of the next $1.5B 0.56% of the next $2.5B 0.545% of the next $2.5B 0.53% of the next $2.5B 0.515% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Basic Value Fund 0.725% of the first $500M 0.695% of the first $250M 0.70% of the next $500M 0.67% of the next $250M 0.675% of the next $500M 0.645% of the next $500M 0.65% of the next $3.5B 0.62% of the next $1.5B 0.625% of the next $5B* 0.595% of the next $2.5B 0.60% of the excess over $10B* 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Blue Chip Fund 0.75% of the first $350M 0.695% of the first $250M 0.625% of the next $4.65B 0.67% of the next $250M 0.60% of the next $5B* 0.645% of the next $500M 0.575% of the excess over $10B* 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Charter Fund 1.00% of the first $30M 0.75% of the first $150M 0.75% of the next $120M 0.615% of the next $4.85B 0.625% of the next $4.85B 0.57% of the next $2.5B 0.60% of the next $5B* 0.545% of the next $2.5B 0.575% of the excess over $10B* 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Constellation Fund 1.00% of the first $30M 0.75% of the first $150M 0.75% of the next $120M 0.615% of the next $4.85B 0.625% of the next $4.85B 0.57% of the next $2.5B 0.60% of the next $5B* 0.545% of the next $2.5B 0.575% of the excess over $10B* 0.52% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
4
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Dent Demographic Trends Fund 0.77% of the first $2B 0.695% of the first $250M 0.72% of the next $3B 0.67% of the next $250M 0.695% of the next $5B* 0.645% of the next $500M 0.67% of the excess over $10B* 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Emerging Growth Fund 0.85% of the first $1B 0.745% of the first $250M 0.80% of the next $4B 0.73% of the next $250M 0.775% of the next $5B* 0.715% of the next $500M 0.75% of the excess over $10B* 0.70% of the next $1.5B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM European Growth Fund 0.95% of the first $500M 0.935% of the first $250M 0.90% of the next $4.5B 0.91% of the next $250M 0.875% of the next $5B* 0.885% of the next $500M 0.85% of the excess over $10B* 0.86% of the next $1.5B 0.835% of the next $2.5B 0.81% of the next $2.5B 0.785% of the next $2.5B 0.76% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Aggressive Growth Fund 0.90% of the first $1B 0.80% of the first $250M 0.85% of the next $4B 0.78% of the next $250M 0.825% of the next $5B* 0.76% of the next $500M 0.80% of the excess over $10B* 0.74% of the next $1.5B 0.72% of the next $2.5B 0.70% of the next $2.5B 0.68% of the next $2.5B 0.66% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Equity Fund 0.975% of the first $500M 0.80% of the first $250M 0.95% of the next $500M 0.78% of the next $250M 0.925% of the next $500M 0.76% of the next $500M 0.90% of the next $3.5B 0.74% of the next $1.5B 0.875% of the next $5B* 0.72% of the next $2.5B 0.85% of the excess over $10B* 0.70% of the next $2.5B 0.68% of the next $2.5B 0.66% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Growth Fund 0.85% of the first $1B 0.80% of the first $250M 0.80% of the next $4B 0.78% of the next $250M 0.775% of the next $5B* 0.76% of the next $500M 0.75% of the excess over $10B* 0.74% of the next $1.5 B 0.72% of the next $2.5B 0.70% of the next $2.5B 0.68% of the next $2.5B 0.66% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
5
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Health Care Fund 0.975% of the first $500M 0.75% of the first $250M 0.95% of the next $500M 0.74% of the next $250M 0.925% of the next $500M 0.73% of the next $500M 0.90% of the next $3.5B 0.72% of the next $1.5B 0.875% of the next $5B* 0.71% of the next $2.5B 0.85% of the excess over $10B* 0.70% of the next $2.5B 0.69% of the next $2.5B 0.68% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM International Emerging Growth Fund 0.95% of average daily net assets 0.935% of the first $250M 0.91% of the next $250M 0.885% of the next $500M 0.86% of the next $1.5B 0.835% of the next $2.5B 0.81% of the next $2.5B 0.785% of the next $2.5B 0.76% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM International Growth Fund 0.95% of the first $500M 0.935% of the first $250M 0.90% of the next $500M* 0.91% of the next $250M 0.85% of the excess over $1B* 0.885% of the next $500M 0.86% of the next $1.5B 0.835% of the next $2.5B 0.81% of the next $2.5B 0.785% of the next $2.5B 0.76% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Large Cap Growth Fund 0.75% of the first $1B 0.695% of the first $250M 0.70% of the next $1B 0.67% of the next $250M 0.625% of the next $3B 0.645% of the next $500M 0.60% of the next $5B* 0.62% of the next $1.5B 0.575% of the excess over $10B* 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Mid Cap Basic Value Fund 0.80% of the first $1B 0.745% of the first $250M 0.75% of the next $4B 0.73% of the next $250M 0.70% of the excess over $5B 0.715% of the next $500M 0.70% of the next $1.5B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Mid Cap Growth Fund 0.80% of the first $1B 0.745% of the first $250M 0.75% of the next $4B 0.73% of the next $250M 0.725% of the next $5B* 0.715% of the next $500M 0.70% of the excess over $10B* 0.70% of the next $1.5B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
6
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Multi-Sector Fund 0.75% of average daily net assets 0.695% of the first $250M 0.67% of the next $250M 0.645% of the next $500M 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Premier Equity Fund 0.80% of the first $150M 0.75% of the first $150M 0.625% of the next $4.85B 0.615% of the next $4.85B 0.60% of the next $5B* 0.57% of the next $2.5B 0.575% of the excess over $10B* 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Real Estate Fund 0.90% of the first $5B 0.75% of the first $250M 0.875% of the next $5B* 0.74% of the next $250M 0.85% of the excess over $10B* 0.73% of the next $500M 0.72% of the next $1.5B 0.71% of the next $2.5B 0.70% of the next $2.5B 0.69% of the next $2.5B 0.68% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Small Cap Equity Fund 0.85% of average daily net assets 0.745% of the first $250M 0.73% of the next $250M 0.715% of the next $500M 0.70% of the next $1.5 B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Weingarten Fund 1.00% of the first $30M 0.695% of the first $250M 0.75% of the next $320M 0.67% of the next $250M 0.625% of the next $4.65B 0.645% of the next $500M 0.60% of the next $5B* 0.62% of the next $1.5B 0.575% of the excess over $10B* 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
* After fee waiver put in place before January 1, 2005. 7 AIM CORE STRATEGIES FUND - CLASS A, B AND C AIM SELECT BASIC VALUE FUND - CLASS A, B AND C AIM U.S. GROWTH FUND - CLASS A, B AND C Supplement A dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004 and September 8, 2004 The information below is in addition to the information contained in the supplement dated October 12, 2004, November 19, 2004, November 23, 2004, November 30, 2004, December 1, 2004, December 2, 2004 and December 3, 2004, as applicable. The AIM Funds' Boards of Trustees have approved a proposal by A I M Advisors, Inc. ("AIM") to waive the advisory fees payable to AIM by certain AIM equity and balanced funds listed below. These fee waivers are effective January 1, 2005 through December 31, 2009 and reduce the advisory fees payable by these funds to the annual rates set forth below (based on average daily net assets). These advisory fee waivers were proposed by AIM to comply with the terms of the recent settlement with the New York Attorney General ("NYAG") to resolve a civil enforcement action and investigation related to market timing activity and related issues in the AIM Funds. The advisory fee waivers discussed below implement AIM's agreement with the NYAG to reduce its advisory fees on the AIM Funds by $15 million per year for the next five years, based upon effective fee rates and assets under management as of July 1, 2004, and not to increase certain advisory fees during this period.
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Basic Balanced Fund 0.65% of the first $1B 0.62% of the first $250M 0.60% of the next $4B 0.605% of the next $250M 0.55% of the excess over $5B 0.59% of the next $500M 0.575% of the next $1.5B 0.56% of the next $2.5B 0.545% of the next $2.5B 0.53% of the next $2.5B 0.515% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Basic Value Fund 0.725% of the first $500M 0.695% of the first $250M 0.70% of the next $500M 0.67% of the next $250M 0.675% of the next $500M 0.645% of the next $500M 0.65% of the next $3.5B 0.62% of the next $1.5B 0.625% of the next $5B* 0.595% of the next $2.5B 0.60% of the excess over $10B* 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Blue Chip Fund 0.75% of the first $350M 0.695% of the first $250M 0.625% of the next $4.65B 0.67% of the next $250M 0.60% of the next $5B* 0.645% of the next $500M 0.575% of the excess over $10B* 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
1
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Charter Fund 1.00% of the first $30M 0.75% of the first $150M 0.75% of the next $120M 0.615% of the next $4.85B 0.625% of the next $4.85B 0.57% of the next $2.5B 0.60% of the next $5B* 0.545% of the next $2.5B 0.575% of the excess over $10B* 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Constellation Fund 1.00% of the first $30M 0.75% of the first $150M 0.75% of the next $120M 0.615% of the next $4.85B 0.625% of the next $4.85B 0.57% of the next $2.5B 0.60% of the next $5B* 0.545% of the next $2.5B 0.575% of the excess over $10B* 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Dent Demographic Trends Fund 0.77% of the first $2B 0.695% of the first $250M 0.72% of the next $3B 0.67% of the next $250M 0.695% of the next $5B* 0.645% of the next $500M 0.67% of the excess over $10B* 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Emerging Growth Fund 0.85% of the first $1B 0.745% of the first $250M 0.80% of the next $4B 0.73% of the next $250M 0.775% of the next $5B* 0.715% of the next $500M 0.75% of the excess over $10B* 0.70% of the next $1.5B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM European Growth Fund 0.95% of the first $500M 0.935% of the first $250M 0.90% of the next $4.5B 0.91% of the next $250M 0.875% of the next $5B* 0.885% of the next $500M 0.85% of the excess over $10B* 0.86% of the next $1.5B 0.835% of the next $2.5B 0.81% of the next $2.5B 0.785% of the next $2.5B 0.76% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Aggressive Growth Fund 0.90% of the first $1B 0.80% of the first $250M 0.85% of the next $4B 0.78% of the next $250M 0.825% of the next $5B* 0.76% of the next $500M 0.80% of the excess over $10B* 0.74% of the next $1.5B 0.72% of the next $2.5B 0.70% of the next $2.5B 0.68% of the next $2.5B 0.66% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Equity Fund 0.975% of the first $500M 0.80% of the first $250M 0.95% of the next $500M 0.78% of the next $250M 0.925% of the next $500M 0.76% of the next $500M 0.90% of the next $3.5B 0.74% of the next $1.5B 0.875% of the next $5B* 0.72% of the next $2.5B 0.85% of the excess over $10B* 0.70% of the next $2.5B 0.68% of the next $2.5B 0.66% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
2
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Growth Fund 0.85% of the first $1B 0.80% of the first $250M 0.80% of the next $4B 0.78% of the next $250M 0.775% of the next $5B* 0.76% of the next $500M 0.75% of the excess over $10B* 0.74% of the next $1.5 B 0.72% of the next $2.5B 0.70% of the next $2.5B 0.68% of the next $2.5B 0.66% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Global Health Care Fund 0.975% of the first $500M 0.75% of the first $250M 0.95% of the next $500M 0.74% of the next $250M 0.925% of the next $500M 0.73% of the next $500M 0.90% of the next $3.5B 0.72% of the next $1.5B 0.875% of the next $5B* 0.71% of the next $2.5B 0.85% of the excess over $10B* 0.70% of the next $2.5B 0.69% of the next $2.5B 0.68% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM International Emerging Growth Fund 0.95% of average daily net assets 0.935% of the first $250M 0.91% of the next $250M 0.885% of the next $500M 0.86% of the next $1.5B 0.835% of the next $2.5B 0.81% of the next $2.5B 0.785% of the next $2.5B 0.76% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM International Growth Fund 0.95% of the first $500M 0.935% of the first $250M 0.90% of the next $500M* 0.91% of the next $250M 0.85% of the excess over $1B* 0.885% of the next $500M 0.86% of the next $1.5B 0.835% of the next $2.5B 0.81% of the next $2.5B 0.785% of the next $2.5B 0.76% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Large Cap Growth Fund 0.75% of the first $1B 0.695% of the first $250M 0.70% of the next $1B 0.67% of the next $250M 0.625% of the next $3B 0.645% of the next $500M 0.60% of the next $5B* 0.62% of the next $1.5B 0.575% of the excess over $10B* 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Mid Cap Basic Value Fund 0.80% of the first $1B 0.745% of the first $250M 0.75% of the next $4B 0.73% of the next $250M 0.70% of the excess over $5B 0.715% of the next $500M 0.70% of the next $1.5B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Mid Cap Growth Fund 0.80% of the first $1B 0.745% of the first $250M 0.75% of the next $4B 0.73% of the next $250M 0.725% of the next $5B* 0.715% of the next $500M 0.70% of the excess over $10B* 0.70% of the next $1.5B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
3
ADVISORY FEE RATES BEFORE JANUARY 1, ADVISORY FEE RATES AFTER FUND 2005 REDUCTION JANUARY 1, 2005 REDUCTION - ----------------------------------------------------------------------------------------------------------------------------- AIM Multi-Sector Fund 0.75% of average daily net assets 0.695% of the first $250M 0.67% of the next $250M 0.645% of the next $500M 0.62% of the next $1.5B 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Premier Equity Fund 0.80% of the first $150M 0.75% of the first $150M 0.625% of the next $4.85B 0.615% of the next $4.85B 0.60% of the next $5B* 0.57% of the next $2.5B 0.575% of the excess over $10B* 0.545% of the next $2.5B 0.52% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Real Estate Fund 0.90% of the first $5B 0.75% of the first $250M 0.875% of the next $5B* 0.74% of the next $250M 0.85% of the excess over $10B* 0.73% of the next $500M 0.72% of the next $1.5B 0.71% of the next $2.5B 0.70% of the next $2.5B 0.69% of the next $2.5B 0.68% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Small Cap Equity Fund 0.85% of average daily net assets 0.745% of the first $250M 0.73% of the next $250M 0.715% of the next $500M 0.70% of the next $1.5 B 0.685% of the next $2.5B 0.67% of the next $2.5B 0.655% of the next $2.5B 0.64% of the excess over $10B - ----------------------------------------------------------------------------------------------------------------------------- AIM Weingarten Fund 1.00% of the first $30M 0.695% of the first $250M 0.75% of the next $320M 0.67% of the next $250M 0.625% of the next $4.65B 0.645% of the next $500M 0.60% of the next $5B* 0.62% of the next $1.5B 0.575% of the excess over $10B* 0.595% of the next $2.5B 0.57% of the next $2.5B 0.545% of the next $2.5B 0.52% of the excess over $10B - -----------------------------------------------------------------------------------------------------------------------------
* After fee waiver put in place before January 1, 2005. 4 AIM BLUE CHIP FUND - CLASS A, B, C, R AND INVESTOR CLASS SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 The following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. SHAREHOLDER FEES
(fees paid directly from INVESTOR your investment) CLASS A CLASS B CLASS C CLASS R CLASS - -------------------------------------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00% None(3) None
ANNUAL FUND OPERATING EXPENSES(4)
(expenses that are deducted INVESTOR from fund assets) CLASS A CLASS B CLASS C CLASS R CLASS - -------------------------------------------------------------------------------------------------------------- Management Fees 0.64% 0.64% 0.64% 0.64% 0.64% Distribution and/or Service (12b-1) Fees 0.35 1.00 1.00 0.50 0.25 Other Expenses(5) 0.48 0.48 0.48 0.48 0.48 Total Annual Fund Operating Expenses 1.47 2.12 2.12 1.62 1.37 Fee Waiver(6) 0.01 0.01 0.01 0.01 0.01 Net Annual Fund Operating Expenses 1.46 2.11 2.11 1.61 1.36
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) If you are a retirement plan participant, you may pay a 0.75% CDSC if the distributor paid a concession to the dealer of record and a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (4) There is no guarantee that actual expenses will be the same as those shown in the table. (5) Other Expenses for Investor Class shares are based on estimated average net assets for the current fiscal year. (6) Effective January 1, 2005 through December 31, 2009, the advisor contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following.) If a financial institution is managing your account you may also be charged a transaction or other fee by such financial information. 1 As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursement. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------------------------------------------------------- Class A $ 690 $ 986 $ 1,304 $ 2,206 Class B 714 961 1,334 2,282 Class C 314 661 1,134 2,447 Class R 164 508 876 1,917 Investor Class 138 431 745 1,641
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------------------------------------------------------- Class A $ 690 $ 986 $ 1,304 $ 2,206 Class B 214 661 1,134 2,282 Class C 214 661 1,134 2,447 Class R 164 508 876 1,917 Investor Class 138 431 745 1,641"
The following information replaces in its entirety the information appearing under the heading "FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.64% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 0.75% to 0.625% of average daily net assets, based on net asset levels. The advisor contractually agreed to advisory fees waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISOR FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 0.75% of the first $350 million 0.695% of the first $250 million 0.625% of the next $4.65 billion 0.67% of the next $250 million 0.60% of the next $5 billion* 0.645% of the next $500 million 0.575% of the excess over $10 billion* 0.62% of the next $1.5 billion 0.595% of the next $2.5 billion 0.57% of the next $2.5 billion 0.545% of the next $2.5 billion 0.52% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 AIM CHARTER FUND - CLASS A, B, C AND R SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 This following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. SHAREHOLDER FEES
(fees paid directly from your investment) CLASS A CLASS B CLASS C CLASS R - --------------------------------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00% None(3)
ANNUAL FUND OPERATING EXPENSES(4)
(expenses that are deducted from fund assets) CLASS A CLASS B CLASS C CLASS R - ------------------------------------------------------------------------------------------------------- Management Fees 0.63% 0.63% 0.63% 0.63% Distribution and/or Service (12b-1) Fees 0.30 1.00 1.00 0.50 Other Expenses 0.37 0.37 0.37 0.37 Total Annual Fund Operating Expenses 1.30 2.00 2.00 1.50 Fee Waiver(5) 0.01 0.01 0.01 0.01 Net Annual Fund Operating Expenses 1.29 1.99 1.99 1.49
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) If you are a retirement plan participant, you may pay a 0.75% CDSC if the distributor paid a concession to the dealer of record and a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (4) There is no guarantee that actual expenses will be the same as those shown in the table. (5) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following.) If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. 1 EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 674 $ 936 $ 1,219 $ 2,027 Class B 702 924 1,273 2,142 Class C 302 624 1,073 2,323 Class R 152 471 813 1,786
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 674 $ 936 $ 1,219 $ 2,027 Class B 202 624 1,073 2,142 Class C 202 624 1,073 2,323 Class R 152 471 813 1,786"
The following information replaces in its entirety the information appearing under the heading FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.63% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 1.00% to 0.625% of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 1.00% of the first $30 million 0.75% of the first $150 million 0.75% of the next $120 million 0.615% of the next $4.85 billion 0.625% of the next $4.85 billion 0.57% of the next $2.5 billion 0.60% of the next $5 billion* 0.545% of the next $2.5 billion 0.575% of the excess over $10 billion* 0.52% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 AIM CONSTELLATION FUND - CLASS A, B, C AND R SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 The following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. SHAREHOLDER FEES
(fees paid directly from your investment) CLASS A CLASS B CLASS C CLASS R - -------------------------------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00% None(3)
ANNUAL FUND OPERATING EXPENSES(4)
(expenses that are deducted from fund assets) CLASS A CLASS B CLASS C CLASS R - ------------------------------------------------------------------------------------------------------- Management Fees 0.63% 0.63% 0.63% 0.63% Distribution and/or Service (12b-1) Fees 0.30 1.00 1.00 0.50 Other Expenses 0.37 0.37 0.37 0.37 Total Annual Fund Operating Expenses 1.30 2.00 2.00 1.50 Fee Waiver(5) 0.03 0.03 0.03 0.03 Net Annual Fund Operating Expenses 1.27 1.97 1.97 1.47
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) If you are a retirement plan participant, you may pay a 0.75% CDSC if the distributor paid a concession to the dealer of record and a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (4) There is no guarantee that actual expenses will be the same as those shown in the table. (5) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following.) If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. 1 As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 672 $ 931 $ 1,209 $ 2,018 Class B 700 918 1,262 2,133 Class C 300 618 1,062 2,314 Class R 150 465 803 1,776
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 672 $ 931 $ 1,209 $ 2,018 Class B 200 618 1,062 2,133 Class C 200 618 1,062 2,314 Class R 150 465 803 1,776"
The following information replaces in its entirety the information appearing under the heading "FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.62% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 1.00% to 0.625% of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 1.00% of the first $30 million 075% of the first $150 million 0.75% of the next $120 million 0.615% of the next $4.85 billion 0.625% of the next $4.85 billion 0.57% of the next $2.5 billion 0.60% of the next $5 billion* 0.545% of the next $2.5 billion 0.575% of the excess over $10 billion* 0.52% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 AIM DENT DEMOGRAPHIC TRENDS FUND - CLASS A, B AND C SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 1, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 The following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. SHAREHOLDER FEES
(fees paid directly from your investment) CLASS A CLASS B CLASS C - ------------------------------------------------------------------------------------------------------ Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00%
ANNUAL FUND OPERATING EXPENSES(3)
(expenses that are deducted from fund assets) CLASS A CLASS B CLASS C - ------------------------------------------------------------------------------------------------------- Management Fees(4) 0.77% 0.77% 0.77% Distribution and/or Service (12b-1) Fees 0.35 1.00 1.00 Other Expenses 0.82 0.82 0.82 Total Annual Fund Operating Expenses 1.94 2.59 2.59 Fee Waiver(5) 0.09 0.09 0.09 Net Annual Fund Operating Expenses 1.85 2.50 2.50
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan's assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) There is no guarantee that actual expenses will be the same as those shown in the table. (4) Effective July 1, 2004, the Board of Trustees of AIM Equity Funds approved an amendment to the master investment advisory agreement. Under the amended master investment advisory agreement, the management fee for the fund has been reduced from 0.85% to 0.77%. Management fees reflect this agreement. (5) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following.) If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. 1 As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 728 $ 1,100 $ 1,496 $ 2,651 Class B 753 1,079 1,531 2,728 Class C 353 779 1,331 2,887
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 728 $ 1,100 $ 1,496 $ 2,651 Class B 253 779 1,331 2,728 Class C 253 779 1,331 2,887"
The following information replaces in its entirety the information appearing under the heading FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.85% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 0.77% to 0.72% of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 0.77% of the first $2 billion 0.695% of the first $250 million 0.72% of the next $3 billion 0.67% of the next $250 million 0.695% of the next $5 billion* 0.645% of the next $500 million 0.67% of the excess over $10 billion* 0.62% of the next $1.5 billion 0.595% of the next $2.5 billion 0.57% of the next $2.5 billion 0.545% of the next $2.5 billion 0.52% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 AIM EMERGING GROWTH FUND - CLASS A, B AND C SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, June 4, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 The following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. SHAREHOLDER FEES
(fees paid directly from your investment) CLASS A CLASS B CLASS C - -------------------------------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00%
ANNUAL FUND OPERATING EXPENSES(3)
(expenses that are deducted from fund assets) CLASS A CLASS B CLASS C - ------------------------------------------------------------------------------------------------------- Management Fees 0.85% 0.85% 0.85% Distribution and/or Service (12b-1) Fees 0.35 1.00 1.00 Other Expenses 0.87 0.87 0.87 Total Annual Fund Operating Expenses 2.07 2.72 2.72 Fee Waiver(4) 0.10 0.10 0.10 Net Annual Fund Operating Expenses(5) 1.97 2.62 2.62
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) There is no guarantee that actual expenses will be the same as those shown in the table. (4) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following.) (5) The investment advisor has voluntarily agreed to waive fees and/or reimburse expenses (excluding interest, taxes, dividends on short sales, fund merger and reorganization expenses, extraordinary items, including other items designated by the Board of Trustees, and increases in expenses due to expense offset arrangements, if any) for Class A, Class B and Class C shares to the extent necessary to limit the Total Annual Fund Operating Expenses of Class A to 2.00% (e.g., if AIM waives 0.03% of Class A expenses, AIM will also waive 0.03% of Class B and Class C expenses). Total Annual Fund Operating Expenses for Class A, Class B and Class C shares, restated for this agreement, are 2.00%, 2.65% and 2.65%, respectively. This agreement may be modified or discontinued at any time. If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. 1 As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 739 $ 1,134 $ 1,554 $ 2,776 Class B 765 1,114 1,590 2,853 Class C 365 814 1,390 3,010
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 739 $ 1,134 $ 1,554 $ 2,776 Class B 265 814 1,390 2,853 Class C 265 814 1,390 3,010"
The following information replaces in its entirety the information appearing under the heading FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.85% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 0.85% to 0.80% of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 0.85% of the first $1 billion 0.745% of the first $250 million 0.80% of the next $4 billion 0.73% of the next $250 million 0.775% of the next $5 billion* 0.715% of the next $500 million 0.75% of the excess over $10 billion* 0.70% of the next $1.5 billion 0.685% of the next $2.5 billion 0.67% of the next $2.5 billion 0.655% of the next $2.5 billion 0.64% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 AIM LARGE CAP GROWTH FUND - CLASS A, B, C, R AND INVESTOR CLASS SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 The following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold share of the fund. SHAREHOLDER FEES
(fees paid directly INVESTOR from your investment) CLASS A CLASS B CLASS C CLASS R CLASS - ------------------------------------------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00% None(3) None
ANNUAL FUND OPERATING EXPENSES(4)
(expenses that are deducted INVESTOR from fund assets) CLASS A CLASS B CLASS C CLASS R CLASS - -------------------------------------------------------------------------------------------------------------- Management Fees 0.75% 0.75% 0.75% 0.75% 0.75% Distribution and/or Service (12b-1) Fees 0.35 1.00 1.00 0.50 0.25 Other Expenses(5) 0.72 0.72 0.72 0.72 0.72 Total Annual Fund Operating Expenses 1.82 2.47 2.47 1.97 1.72 Fee Waiver(6) 0.06 0.06 0.06 0.06 0.06 Net Annual Fund Operating Expenses 1.76 2.41 2.41 1.91 1.66
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) If you are a retirement plan participant, you may pay a 0.75% CDSC if the distributor paid a concession to the dealer of record and a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (4) There is no guarantee that actual expenses will be the same as those shown in the table. (5) Other Expenses for Investor Class shares are based on estimated average net assets for the current fiscal year. (6) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following.) 1 If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------------------------------------------------------- Class A $ 719 $ 1,074 $ 1,452 $ 2,544 Class B 744 1,051 1,485 2,620 Class C 344 751 1,285 2,780 Class R 194 600 1,032 2,269 Investor Class 169 523 902 2,002
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - -------------------------------------------------------------- Class A $ 719 $ 1,074 $ 1,452 $ 2,544 Class B 244 751 1,285 2,620 Class C 244 751 1,285 2,780 Class R 194 600 1,032 2,269 Investor Class 169 523 902 2,002"
The following information replaces in its entirety the information appearing under the heading FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.75% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 0.75% to 0.625% of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 0.75% of the first $1 billion 0.695% of the first $250 million 0.70% of the next $1 billion 0.67% of the next $250 million 0.625% of the next $3 billion 0.645% of the next $500 million 0.60% of the next $5 billion* 0.62% of the next $1.5 billion 0.575% of the excess over $10 billion* 0.595% of the next $2.5 billion 0.57% of the next $2.5 billion 0.545% of the next $2.5 billion 0.52% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 AIM MID CAP GROWTH FUND - CLASS A, B, C AND R SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 14, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 The following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. SHAREHOLDER FEES
(fees paid directly from your investment) CLASS A CLASS B CLASS C CLASS R - ------------------------------------------------------------------------------------------------------------ Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00% None(3)
ANNUAL FUND OPERATING EXPENSES(4)
(expenses that are deducted from fund assets) CLASS A CLASS B CLASS C CLASS R - ------------------------------------------------------------------------------------------------------- Management Fees 0.80% 0.80% 0.80% 0.80% Distribution and/or Service (12b-1) Fees 0.35 1.00 1.00 0.50 Other Expenses 0.75 0.75 0.75 0.75 Total Annual Fund Operating Expenses 1.90 2.55 2.55 2.05 Fee Waiver(5) 0.05 0.05 0.05 0.05 Net Annual Fund Operating Expenses 1.85 2.50 2.50 2.00
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) If you are a retirement plan participant, you may pay a 0.75% CDSC if the distributor paid a concession to the dealer of record and a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (4) There is no guarantee that actual expenses will be the same as those shown in the table. (5) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following.) If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. 1 As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 728 $ 1,100 $ 1,496 $ 2,628 Class B 753 1,079 1,531 2,705 Class C 353 779 1,331 2,864 Class R 203 627 1,078 2,357
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 728 $ 1,100 $ 1,496 $ 2,628 Class B 253 779 1,331 2,705 Class C 253 779 1,331 2,864 Class R 203 627 1,078 2,357"
The following information replaces in its entirety the information appearing under the heading FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.80% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 0.80% to 0.75% of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 0.80% of the first $1 billion 0.745% of the first $250 million 0.75% of the next $4 billion 0.73% of the next $250 million 0.725% of the next $5 billion* 0.715% of the next $500 million 0.70% of the excess over $10 billion* 0.70% of the next $1.5 billion 0.685% of the next $2.5 billion 0.67% of the next $2.5 billion 0.655% of the next $2.5 billion 0.64% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 AIM WEINGARTEN FUND - CLASS A, B, C AND R SHARES Supplement B dated December 29, 2004 to the Prospectus dated February 27, 2004 as supplemented February 27, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 The following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE" in the prospectus: "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold shares of the fund. SHAREHOLDER FEES
(fees paid directly from your investment) CLASS A CLASS B CLASS C CLASS R - ------------------------------------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.50% None None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None(1),(2) 5.00% 1.00% None(3)
ANNUAL FUND OPERATING EXPENSES(4)
(expenses that are deducted from fund assets) CLASS A CLASS B CLASS C CLASS R - ------------------------------------------------------------------------------------------------------- Management Fees 0.64% 0.64% 0.64% 0.64% Distribution and/or Service (12b-1) Fees 0.30 1.00 1.00 0.50 Other Expenses 0.53 0.53 0.53 0.53 Total Annual Fund Operating Expenses(5) 1.47 2.17 2.17 1.67
---------- (1) If you buy $1,000,000 or more of Class A shares and redeem these shares within 18 months from the date of purchase, you may pay a 1.00% contingent deferred sales charge (CDSC) at the time of redemption. (2) If you are a retirement plan participant and you bought $1,000,000 or more of Class A shares, you may pay a 1.00% CDSC if a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (3) If you are a retirement plan participant, you may pay a 0.75% CDSC if the distributor paid a concession to the dealer of record and a total redemption of the retirement plan assets occurs within 12 months from the date of the retirement plan's initial purchase. (4) There is no guarantee that actual expenses will be the same as those shown in the table. (5) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. (See "Fund Management - Advisor Compensation" following.) If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. As a result of 12b-1 fees, long-term shareholders in the fund may pay more than the maximum permitted initial sales charge. 1 EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in different classes of the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 691 $ 989 $ 1,309 $ 2,211 Class B 720 979 1,364 2,326 Class C 320 679 1,164 2,503 Class R 170 526 907 1,976
You would pay the following expenses if you did not redeem your shares:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------- Class A $ 691 $ 989 $ 1,309 $ 2,211 Class B 220 679 1,164 2,326 Class C 220 679 1,164 2,503 Class R 170 526 907 1,976"
The following information replaces in its entirety the information appearing under the heading FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.64% of average daily net assets. The annual management fee payable to the advisor pursuant to the investment advisory agreement ranges from 1.00% to 0.625% of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER 1.00% of the first $30 million 0.695% of the first $250 million 0.75% of the next $320 million 0.67% of the next $250 million 0.625% of the next $4.65 billion 0.645% of the next $500 million 0.60% of the next $5 billion* 0.62% of the next $1.5 billion 0.575% of the excess over $10 billion* 0.595% of the next $2.5 billion 0.57% of the next $2.5 billion 0.545% of the next $2.5 billion 0.52% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 2 INSTITUTIONAL CLASS SHARES OF AIM AGGRESSIVE GROWTH FUND AIM BLUE CHIP FUND AIM CAPITAL DEVELOPMENT FUND AIM CHARTER FUND AIM CONSTELLATION FUND AIM LARGE CAP BASIC VALUE FUND AIM LARGE CAP GROWTH FUND AIM MID CAP GROWTH FUND AIM WEINGARTEN FUND Supplement B dated December 29, 2004 to the Prospectus dated April 30, 2004 as supplemented April 30, 2004, May 14, 2004, May 18, 2004, July 16, 2004, September 8, 2004 and October 12, 2004 This following information replaces in its entirety the information appearing under the heading "FEE TABLE AND EXPENSE EXAMPLE": "FEE TABLE This table describes the fees and expenses that you may pay if you buy and hold Institutional Class shares of the funds. SHAREHOLDER FEES
LARGE CAP LARGE MID (fees paid directly AGGRESSIVE BLUE CAPITAL BASIC CAP CAP from your investment)) GROWTH CHIP DEVELOPMENT CHARTER CONSTELLATION VALUE GROWTH GROWTH WEINGARTEN - ----------------------------------------------------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) None None None None None None None None None Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption proceeds, whichever is less) None None None None None None None None None
1 ANNUAL FUND OPERATING EXPENSES(1)
LARGE (expenses that are CAP LARGE MID deducted from fund AGGRESSIVE BLUE CAPITAL BASIC CAP CAP assets) GROWTH CHIP DEVELOPMENT CHARTER CONSTELLATION VALUE GROWTH GROWTH WEINGARTEN - ----------------------------------------------------------------------------------------------------------------------------- Management Fees 0.64% 0.64% 0.67% 0.63% 0.63% 0.60% 0.75% 0.80% 0.64% Distribution and/or Service (12b-1) Fees None None None None None None None None None Other Expenses 0.07 0.13 0.58 0.16 0.13 0.24(4) 0.25(4) 0.29(4) 0.14 Total Annual Fund Operating Expenses(2) 0.71 0.77 1.25 0.79 0.76 0.84 1.00 1.09 0.78 Fee Waivers(5) N/A 0.01 0.38(3) 0.01 0.03 N/A 0.06 0.05 N/A Net Expenses 0.71 0.76 0.87 0.78 0.73 0.84 0.94 1.04 0.78
---------- (1) There is no guarantee that actual expenses will be the same as those shown in the table. (2) The investment advisor has voluntarily agreed to waive a portion of the management fee on assets in excess of $5 billion. Total Annual Fund Operating Expenses net of this agreement are 0.75% for Constellation. Termination of this agreement requires approval by the Board of Trustees. (3) The transfer agent has contractually agreed to reimburse class specific transfer agent fees to the extent necessary to limit transfer agent fees to 0.10% of average net assets of the Institutional Class. The expense limitation agreement is in effect through October 31, 2004. (4) Other expenses of Large Cap Basic Value, Large Cap Growth and Mid Cap Growth are based on estimated average net assets for current fiscal year. (5) Effective January 1, 2005 through December 31, 2009, the advisor has contractually agreed to waive a portion of its advisory fees. The Fee Waiver reflects this agreement. (See "Fund Management - Advisor Compensation" following. If a financial institution is managing your account you may also be charged a transaction or other fee by such financial institution. EXPENSE EXAMPLE This example is intended to help you compare the costs of investing in the funds with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in a fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the fund's operating expenses remain the same and includes the effect of any contractual fee waivers and/or expense reimbursements. To the extent fees are waived and/or expenses are reimbursed voluntarily, your expenses will be lower. Although your actual returns and costs may be higher or lower, based on these assumptions your costs would be:
1 YEAR 3 YEARS 5 YEARS 10 YEARS - ------------------------------------------------------------------------- Aggressive Growth $ 73 $ 227 $ 395 $ 883 Blue Chip 78 243 422 949 Capital Development 89 359 650 1,478 Charter 80 249 433 973 Constellation 75 233 406 927 Large Cap Basic Value 86 268 466 1,037 Large Cap Growth 96 300 520 1,194 Mid Cap Growth 106 331 574 1,304 Weingarten 80 249 433 966"
The following information replaces in its entirety the information appearing under the heading FUND MANAGEMENT - ADVISOR COMPENSATION" in the prospectus: 2 "During the fiscal year ended October 31, 2003, the advisor received compensation of 0.64%, 0.64%, 0.67%, 0.63%, 0.62%, 0.60%, 0.75%, 0.80% and 0.64% of Aggressive Growth, Blue Chip, Capital Development, Charter, Constellation, Large Cap Basic Value, Large Cap Growth, Mid Cap Growth and Weingarten of average daily net assets, respectively. The annual management fee payable to the advisor pursuant to the investment advisory agreement with respect to Blue Chip, Charter, Constellation, Large Cap Growth, Mid Cap Growth and Weingarten ranges from 0.75% to 0.625%, 1.00% to 0.625%, 1.00% to 0.625%, 0.75% to 0.625%, 0.80% to 0.75% and 1.00% to 0.625% respectively of average daily net assets, based on net asset levels. The advisor has contractually agreed to advisory fee waivers for the period January 1, 2005 to December 31, 2009 as part of its settlement with the Attorney General of New York ("NYAG"). Following are the advisory fee rates before and after January 1, 2005.
ADVISORY FEE RATES BEFORE ADVISORY FEE RATES AFTER FUND JANUARY 1, 2005 WAIVER JANUARY 1, 2005 WAIVER Blue Chip 0.75% of the first $350 million 0.695% of the first $250 million 0.625% of the next $4.65 billion 0.67% of the next $250 million 0.60% of the next $5 billion* 0.645% of the next $500 million 0.575% of the excess over $10 billion* 0.62% of the next $1.5 billion 0.595% of the next $2.5 billion 0.57% of the next $2.5 billion 0.545% of the next $2.5 billion 0.52% of the excess over $10 billion Charter 1.00% of the first $30 million 0.75% of the first $150 million 0.75% of the next $120 million 0.615% of the next $4.85 billion 0.625% of the next $4.85 billion 0.57% of the next $2.5 billion 0.60% of the next $5 billion* 0.545% of the next $2.5 billion 0.575% of the excess over $10 billion* 0.52% of the excess over $10 billion Constellation 1.00% of the first $30 million 0.75% of the first $150 million 0.75% of the next $120 million 0.615% of the next $4.85 billion 0.625% of the next $4.85 billion 0.57% of the next $2.5 billion 0.60% of the next $5 billion* 0.545% of the next $2.5 billion 0.575% of the excess over $10 billion* 0.52% of the excess over $10 billion Large Cap Growth 0.75% of the first $1 billion 0.695% of the first $250 million 0.70% of the next $1 billion 0.67% of the next $250 million 0.625% of the next $3 billion 0.645% of the next $500 million 0.60% of the next $5 billion* 0.62% of the next $1.5 billion 0.575% of the excess over $10 billion* 0.595% of the next $2.5 billion 0.57% of the next $2.5 billion 0.545% of the next $2.5 billion 0.52% of the excess over $10 billion
3 Mid Cap Growth 0.80% of the first $1 billion 0.745% of the first $250 million 0.75% of the next $4 billion 0.73% of the next $250 million 0.725% of the next $5 billion* 0.715% of the next $500 million 0.70% of the excess over $10 billion* 0.70% of the next $1.5 billion 0.685% of the next $2.5 billion 0.67% of the next $2.5 billion 0.655% of the next $2.5 billion 0.64% of the excess over $10 billion Weingarten 1.00% of the first $30 million 0.695% of the first $250 million 0.75% of the next $320 million 0.67% of the next $250 million 0.625% of the next $4.65 billion 0.645% of the next $500 million 0.60% of the next $5 billion* 0.62% of the next $1.5 billion 0.575% of the excess over $10 billion* 0.595% of the next $2.5 billion 0.57% of the next $2.5 billion 0.545% of the next $2.5 billion 0.52% of the excess over $10 billion
* After fee waiver. This rate includes AIM's voluntary agreement to waive an amount equal to 0.025% for each $5 billion increment in net assets over $5 billion, up to a maximum of 0.175% on net assets over $35 billion." 4 -----END PRIVACY-ENHANCED MESSAGE-----