CONSENT OF COUNSEL

                                AIM EQUITY FUNDS


                  We hereby consent to the use of our name and to the reference
to our firm under the caption "Investment Advisory and Other Services - Other
Service Providers" in the Statements of Additional Information for (i) the
retail classes of the fifteen series portfolios of AIM Equity Funds (the
"Trust") and (ii) the institutional classes 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 and AIM Weingarten Fund, each a series portfolio of the
Trust, which are included in Post-Effective Amendment No. 82 to the Registration
Statement under the Securities Act of 1933, as amended (No. 2-25469), and
Amendment No. 82 to the Registration Statement under the Investment Company Act
of 1940, as amended (No. 811-1424), on Form N-1A of the Trust.



                                      /s/ BALLARD SPAHR ANDREWS & INGERSOLL, LLP
                                      ------------------------------------------
                                          Ballard Spahr Andrews & Ingersoll, LLP

Philadelphia, Pennsylvania
February 23, 2005