STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT DATED JUNE 4, 2008

THE PURPOSE OF THIS SUPPLEMENT IS TO PROVIDE YOU WITH CHANGES TO THE CURRENT
STATEMENT OF ADDITIONAL INFORMATION FOR CLASS A, A3, B, C, P, R, AIM CASH
RESERVE SHARES, INVESTOR, AND INSTITUTIONAL CLASS SHARES, AS APPLICABLE, OF EACH
OF THE FUNDS LISTED BELOW:

AIM Asia Pacific Growth Fund
AIM Basic Balanced Fund
AIM Basic Value Fund
AIM Capital Development Fund
AIM Charter Fund
AIM China Fund
AIM Conservative Allocation Fund
AIM Constellation Fund
AIM Core Bond Fund
AIM Developing Markets Fund
AIM Diversified Dividend Fund
AIM Dynamics Fund
AIM Energy Fund
AIM European Growth Fund
AIM European Small Company Fund
AIM Financial Services Fund
AIM Floating Rate Fund
AIM Global Equity Fund
AIM Global Growth Fund
AIM Global Health Care Fund
AIM Global Real Estate Fund
AIM Global Small & Mid Cap Growth Fund
AIM Global Value Fund
AIM Gold & Precious Metals Fund
AIM Growth Allocation Fund
AIM High Income Municipal Fund
AIM High Yield Fund
AIM Income Allocation Fund
AIM Income Fund
AIM Independence 2010 Fund
AIM Independence 2020 Fund
AIM Independence 2030 Fund
AIM Independence 2040 Fund
AIM Independence 2050 Fund
AIM Independence Now Fund
AIM International Allocation Fund
AIM International Core Equity Fund
AIM International Growth Fund
AIM International Small Company Fund
AIM International Total Return Fund
AIM Japan Fund
AIM LIBOR Alpha Fund
AIM Large Cap Basic Value Fund
AIM Large Cap Growth Fund
AIM Leisure Fund
AIM Limited Maturity Treasury Fund
AIM Mid Cap Basic Value Fund
AIM Mid Cap Core Equity Fund
AIM Moderate Allocation Fund
AIM Moderate Growth Allocation Fund
AIM Moderately Conservative Allocation Fund
AIM Money Market Fund
AIM Multi-Sector Fund
AIM Municipal Bond Fund
AIM Real Estate Fund
AIM Select Equity Fund
AIM Select Real Estate Income Fund
AIM Short-Term Bond Fund
AIM Small Cap Equity Fund
AIM Small Cap Growth Fund
AIM Structured Core Fund
AIM Structured Growth Fund
AIM Structured Value Fund
AIM Summit Fund
AIM Tax-Exempt Cash Fund
AIM Tax-Free Intermediate Fund
AIM Technology Fund
AIM Trimark Endeavor Fund
AIM Trimark Fund
AIM Trimark Small Companies Fund
AIM U.S. Government Fund
AIM Utilities Fund
Premier Portfolio
Premier Tax-Exempt Portfolio
Premier U.S. Government Money Portfolio
Series C
Series M

FOR THE PREMIER PORTFOLIO, PREMIER TAX-EXEMPT PORTFOLIO AND PREMIER U.S.
GOVERNMENT MONEY PORTFOLIO: The following information replaces in its entirety
the first paragraph under the section entitled "PROXY VOTING POLICIES" on page
26 of the Statement of Additional Information.

     "The Board has delegated responsibility for decisions regarding proxy
voting for securities held by each Fund to the following Advisor/Sub-Advisor (as
defined herein):



                  Fund                     Advisor/Sub-Advisor
- ---------------------------------------   ---------------------
                                       
Premier Portfolio                         Invesco Institutional
Premier Tax-Exempt Portfolio              Invesco Institutional
Premier U.S. Government Money Portfolio   Invesco Aim"


FOR ALL FUNDS LISTED ABOVE OTHER THAN SERIES C AND SERIES M: The following
information replaces in its entirety the first two paragraphs appearing under
the heading "PENDING LITIGATION - SETTLED ENFORCEMENT ACTIONS RELATED TO MARKET
TIMING" of the Statement of Additional Information.

     "On October 8, 2004, INVESCO Funds Group, Inc. ("IFG") (the former
investment advisor to certain AIM Funds), Invesco Aim and Invesco Aim
Distributors reached final settlements with certain regulators, including the
SEC, the New York Attorney General and the Colorado Attorney General, to resolve
civil enforcement actions and/or investigations related to market timing and
related activity in the AIM Funds, including those formerly advised by IFG. As
part of the settlements, a $325 million fair fund ($110 million of which is
civil penalties) has been created to compensate shareholders harmed by market
timing and related activity in funds formerly advised by IFG. Additionally,
Invesco Aim and Invesco Aim Distributors created a $50 million fair fund ($30
million of which is civil penalties) to compensate shareholders harmed by market
timing and related activity in funds advised by Invesco Aim, which was done
pursuant to the terms of the settlements. These two fair funds will be
distributed in accordance with a methodology determined by Invesco Aim's
independent distribution consultant ("IDC Plan"), in consultation with Invesco
Aim and the independent trustees of the AIM Funds and approved by the staff of
the SEC. Further details regarding the IDC Plan and planned distributions
thereunder are available under the "About Us - SEC Settlement" section of
Invesco Aim's website, available at http://www.invescoaim.com. Invesco Aim's
website is not a part of this Statement of Additional Information or the
prospectus of any AIM Fund."


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FOR ALL FUNDS LISTED ABOVE: The following information replaces in its entirety
the information found on pages E-14 through E-17 of the Statement of Additional
Information under the heading "APPENDIX E".

                               "INVESCO PERPETUAL
                         POLICY ON CORPORATE GOVERNANCE
                             (Updated February 2008)

1.   INTRODUCTION

     Invesco Perpetual (IP), the trading name of Invesco Asset Management
     Limited, has adopted a clear and considered policy towards its
     responsibility as a shareholder. As part of this policy, IP will take steps
     to satisfy itself about the extent to which the companies in which it
     invests comply with local recommendations and practices, such as the UK
     Combined Code issued by the Committee on Corporate Governance and/or the
     U.S. Department of Labor Interpretive Bulletins.

2.   RESPONSIBLE VOTING

     IP has a responsibility to optimise returns to its clients. As a core part
     of the investment process, Fund Managers will endeavour to establish a
     dialogue with management to promote company decision making that is in the
     best interests of shareholders, and is in accordance with good Corporate
     Governance principles.

     IP considers that shareholder activism is fundamental to good Corporate
     Governance. Whilst this does not entail intervening in daily management
     decisions, it does involve supporting general standards for corporate
     activity and, where necessary, taking the initiative to ensure those
     standards are met.

     One important means of putting shareholder responsibility into practice is
     via the exercising of voting rights. In deciding whether to vote shares, IP
     will take into account such factors as the likely impact of voting on
     management activity, and where expressed, the preference of clients. As a
     result of these two factors, IP will tend to vote on all UK and European
     shares, but to vote on a more selective basis on other shares. (See
     Appendix I - Voting on non-UK/European shares)

     IP considers that the voting rights attached to its clients' investments
     should be actively managed with the same duty of care as that applied to
     all other aspects of asset administration. As such, voting rights will be
     exercised on an informed and independent basis, and will not simply be
     passed back to the company concerned for discretionary voting by the
     Chairman. In doing this, IP will have in mind three objectives:

     i) To protect the rights of its clients

     ii) To minimise the risk of financial or business impropriety within the
     companies in which its clients are invested, and

     iii) To protect the long-term value of its clients' investments.

     It is important to note that, when exercising voting rights, a third option
     of abstention can also be used as a means of expressing dissatisfaction, or
     lack of support, to a Board on a particular issue. Additionally, in the
     event of a conflict of interest arising between IP and its clients over a
     specific issue, IP will either abstain or seek instruction from each
     client.

     IP will exercise actively the voting rights represented by the shares it
     manages on behalf of its investors.

     Note: Share Blocking

     Generally, IP will not vote where this results in shares being blocked from
     trading for a period of more than a few hours. IP considers that it is not
     in the interest of clients that their shares are blocked at a potentially
     sensitive time, such as that around a shareholder meeting.

3.   VOTING PROCEDURES

     IP will endeavour to keep under regular review with trustees, depositaries
     and custodians the practical arrangements for circulating company
     resolutions and notices of meetings and for exercising votes in accordance
     with standing or special instructions.

     IP will endeavour to review regularly any standing or special instructions
     on voting and where possible, discuss with company representatives any
     significant issues.

     IP will take into account the implications of stock lending arrangements
     where this is relevant (that is, when stock is lent to the extent permitted
     by local regulations, the voting rights attaching to that stock pass to the
     borrower). If a stock is on loan and therefore cannot be voted, it will not
     necessarily be recalled in instances where we would vote with management.
     Individual IP Fund Managers enter securities lending arrangements at their
     own discretion and where they believe it is for the potential benefit of
     their investors.


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4.   DIALOGUE WITH COMPANIES

     IP will endeavour, where practicable in accordance with its investment
     processes, to enter into a dialogue with companies based on the mutual
     understanding of objectives. This dialogue is likely to include regular
     meetings with company representatives to explore any concerns about
     corporate governance where these may impact on the best interests of
     clients. In discussion with Company Boards and senior non-Executive
     Directors, IP will endeavour to cover any matters with particular relevance
     to shareholder value.

     Specifically when considering resolutions put to shareholders, IP will pay
     attention to the companies' compliance with the relevant local
     requirements. In addition, when analysing the company's prospects for
     future profitability and hence returns to shareholders, IP will take many
     variables into account, including but not limited to, the following:

     -    Nomination and audit committees

     -    Remuneration committee and directors' remuneration

     -    Board balance and structure

     -    Financial reporting principles

     -    Internal control system and annual review of its effectiveness

     -    Dividend and Capital Management policies

5.   NON-ROUTINE RESOLUTIONS AND OTHER TOPICS

     These will be considered on a case-by-case basis and where proposals are
     put to the vote will require proper explanation and justification by (in
     most instances) the Board. Examples of such would be all SRI issues (i.e.
     those with social, environmental or ethical connotations), political
     donations, and any proposal raised by a shareholder or body of shareholders
     (typically a pressure group).

     Apart from the three fundamental voting objectives set out under
     `Responsible Voting' above, considerations that IP might apply to
     non-routine proposals will include:

     i) The degree to which the company's stated position on the issue could
     affect its reputation and/or sales, or leave it vulnerable to boycott or
     selective purchasing

     ii) What other companies have done in response to the issue

     iii) Whether implementation would achieve the objectives sought in the
     proposal

     iv) Whether the matter is best left to the Board's discretion.

6.   EVALUATION OF COMPANIES' CORPORATE GOVERNANCE ARRANGEMENTS

     IP will, when evaluating companies' governance arrangements, particularly
     those relating to board structure and composition, give due weight to all
     relevant factors drawn to their attention.

7.   DISCLOSURE

     On request from clients, IP will in good faith provide records of voting
     instructions given to third parties such as trustees, depositaries and
     custodians provided that

     (i)  in IP's discretion, to do so does not conflict with the best interests
          of other clients and

     (ii) it is understood that IP will not be held accountable for the
          expression of views within such voting instructions and

     (iii) IP are not giving any assurance nor undertaking any obligation to
          ensure that such instructions resulted in any votes actually being
          cast. Records of voting instructions within the immediate preceding 3
          months will not normally be provided.

Note: The record of votes will reflect the voting instruction of the relevant
      Fund Manager. This may not be the same as votes actually cast as IP is
      entirely reliant on third parties complying promptly with such
      instructions to ensure that such votes are cast correctly. Accordingly,
      the provision of information relating to an instruction does not mean that
      a vote was actually cast, just that an instruction was given in accordance
      with a particular view taken.

     APPENDIX I

     VOTING ON NON-UK/EUROPEAN SHARES

     When deciding whether to exercise the voting rights attached to its
     clients' non-UK/European shares, IP will take into consideration a number
     of factors. These will include:

     -    the likely impact of voting on management activity, versus the cost to
          the client


                                        3



     -    the portfolio management restrictions (e.g. share blocking) that may
          result from voting

     -    the preferences, where expressed, of clients

     Generally, IP will vote on non-UK/European shares by exception only, except
     where the client or local regulator expressly requires voting on all
     shares.

     SHARE BLOCKING

     Generally, IP will not vote where this results in shares being blocked from
     trading for a period of more than a few hours. IP considers that it is not
     in the interest of clients that their shares are blocked at a potentially
     sensitive time, such as that around a shareholder meeting."


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