497 1 h44886be497.txt DEFINITIVE MATERIALS AIM CAPITAL DEVELOPMENT FUND AIM CHARTER FUND AIM CONSTELLATION FUND AIM DIVERSIFIED DIVIDEND FUND AIM LARGE CAP BASIC VALUE FUND AIM LARGE CAP GROWTH FUND (SERIES PORTFOLIOS OF AIM EQUITY FUNDS) Supplement dated March 23, 2007 to the Statement of Additional Information dated February 28, 2007 The following information relating to Patrick J.P. Farmer and Stephen M. Johnson is added under the heading "TRUSTEES AND OFFICERS -- Other Officers" in Appendix C in the Statement of Additional Information:
---------------------------------------------------------------------------------------------------------------------- "NAME, YEAR OF BIRTH AND TRUSTEE PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS OTHER POSITION(S) HELD WITH THE AND/OR TRUSTEESHIP(S) HELD TRUST OFFICER BY TRUSTEE SINCE ---------------------------------------------------------------------------------------------------------------------- OTHER OFFICERS ---------------------------------------------------------------------------------------------------------------------- Patrick J. P. Farmer -- 1962 2007 Head of North American Retail Investments, None Vice President Director, Chief Investment Officer and Executive Vice President, AIM Funds Management Inc. d/b/a AIM Trimark Investments; Senior Vice President and Head of Equity Investments, A I M Advisors, Inc. and A I M Capital Management, Inc.; and Vice President, The AIM Family of Funds--Registered Trademark-- Formerly: Director, Trimark Trust ---------------------------------------------------------------------------------------------------------------------- Stephen M. Johnson -- 1961 2007 Chief Investment Officer of INVESCO Fixed Income None" Vice President and Vice President, INVESCO Institutional (N.A.), Inc.; Senior Vice President and Fixed Income Chief Investment Officer, A I M Advisors, Inc. and A I M Capital Management, Inc.; and Vice President, The AIM Family of Funds--Registered Trademark-- ----------------------------------------------------------------------------------------------------------------------
The following information replaces in its entirety the information appearing under the heading "TRUSTEES AND OFFICERS -- TRUSTEE OWNERSHIP OF FUND SHARES" in Appendix C in the Statement of Additional Information: "TRUSTEE OWNERSHIP OF FUND SHARES AS OF DECEMBER 31, 2006
---------------------------------------------------------------------------------------------------------------------- Name of Trustee Dollar Range of Equity Securities Aggregate Dollar Range of Equity Per Fund Securities in All Registered Investment Companies Overseen by Trustee in The AIM Family of Funds--Registered Trademark-- ---------------------------------------------------------------------------------------------------------------------- Martin L. Flanagan(4) N/A N/A ---------------------------------------------------------------------------------------------------------------------- Capital Development Over $100,000 Charter Over $100,000 Robert H. Graham Constellation Over $100,000 Over $100,000 Diversified Dividend Over $100,000 Large Cap Growth Over $100,000 ---------------------------------------------------------------------------------------------------------------------- Philip A. Taylor(5) -0- -0- ---------------------------------------------------------------------------------------------------------------------- Bob R. Baker -0- Over $100,000 ---------------------------------------------------------------------------------------------------------------------- Frank S. Bayley Charter $10,001 - $50,000 Over $100,000 ---------------------------------------------------------------------------------------------------------------------- James T. Bunch Large Cap Growth Over $100,000 Over $100,000(6) ---------------------------------------------------------------------------------------------------------------------- Charter $1 - $10,000 Bruce L. Crockett Constellation $1 - $10,000 Over $100,000(6) Large Cap Growth $50,001 - $100,000 ---------------------------------------------------------------------------------------------------------------------- Albert R. Dowden Constellation $10,001 - $50,000 Over $100,000 Large Cap Growth $10,001 - $50,000 ---------------------------------------------------------------------------------------------------------------------- Charter Over $100,000 Jack M. Fields Constellation Over $100,000 Over $100,000(6) Large Cap Growth Over $100,000 ---------------------------------------------------------------------------------------------------------------------- Capital Development Over $100,000 Charter Over $100,000 Carl Frischling Constellation Over $100,000 Over $100,000(6) Large Cap Growth $50,001 - $100,000 ---------------------------------------------------------------------------------------------------------------------- Constellation $50,001 - $100,000 Prema Mathai-Davis Large Cap Basic Value $50,001 - $100,000 Over $100,000(6) Large Cap Growth $10,001 - $50,000 ---------------------------------------------------------------------------------------------------------------------- Capital Development $1 - $10,000 Charter $10,001 - $50,000 Lewis F. Pennock Diversified Dividend $1 - $10,000 Over $100,000 Large Cap Basic Value $1 - $10,000 ---------------------------------------------------------------------------------------------------------------------- Ruth H. Quigley Large Cap Growth $10,001 - $50,000 $50,001 - $100,000 ---------------------------------------------------------------------------------------------------------------------- Larry Soll -0- Over $100,000(6) ---------------------------------------------------------------------------------------------------------------------- Raymond Stickel, Jr. -0- Over $100,000 ----------------------------------------------------------------------------------------------------------------------
(4) Mr. Flanagan was elected as a trustee of the Trust effective February 24, 2007, and therefore holdings as of December 31, 2006 are not reflected. (5) Mr. Taylor was elected as a trustee of the Trust effective September 20, 2006. (6) Includes the total amount of compensation deferred by the trustee at his or her election pursuant to a deferred compensation plan. Such deferred compensation is placed in a deferral account and deemed to be invested in one or more of the AIM Funds." 2