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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 P6B9I8cmJjy7RpDeK9UGehXgDjvTnfYfp3yqKTBpqxrii2keCTHlOyTD5Ik/Lu9k
 nPXzFnK9wQyfHzlCWCPEFw==

<SEC-DOCUMENT>0000950129-98-004109.txt : 19981002
<SEC-HEADER>0000950129-98-004109.hdr.sgml : 19981002
ACCESSION NUMBER:		0000950129-98-004109
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19981001
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIM EQUITY FUNDS INC
		CENTRAL INDEX KEY:			0000105377
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				132576643
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	002-25469
		FILM NUMBER:		98719476

	BUSINESS ADDRESS:	
		STREET 1:		ELEVEN GREENWAY PLZ
		STREET 2:		STE 1919
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
		BUSINESS PHONE:		7136261919

	MAIL ADDRESS:	
		STREET 1:		AIM EQUITY FUNDS INC
		STREET 2:		11 GREENWAY PLZ STE 1919
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>AIM EQUITY FUNDS, INC. - INST. CLASS - 497(E)
<TEXT>

<PAGE>   1
                            INSTITUTIONAL CLASSES OF

                                AIM CHARTER FUND
                             AIM CONSTELLATION FUND
                              AIM WEINGARTEN FUND

                  (SERIES PORTFOLIO OF AIM EQUITY FUNDS, INC.)

                        Supplement dated October 1, 1998
      to the Statement of Additional Information dated February 27, 1998,
                          as supplemented July 1, 1998


         The following information should be inserted within the discussion
under the heading  "MANAGEMENT--Directors and Officers":

<TABLE>
 <S>                                   <C>                    <C>
 "PREMA MATHAI-DAVIS (48)              Director               Chief Executive Officer, YWCA of
 350 Fifth Avenue, Suite 301                                  the U.S.A.; Commissioner, New
 New York, NY 10118                                           York City Department for
                                                              the Aging; and  Member of the
                                                              Board of Directors, Metropolitan
                                                              Transportation Authority of New
                                                              York State.
                                       
 EDWARD K. DUNN, JR. (63)              Director               Chairman of the Board of
 2 Hopkins Plaza, 20th Floor                                  Directors, Mercantile Mortgage
 Baltimore, MD 21201                                          Corp; Formerly, Vice Chairman of
                                                              the Board of Directors and
                                                              President, Mercantile - Safe
                                                              Deposit & Trust Co.; and
                                                              President, Mercantile
                                                              Bankshares.
</TABLE>

Mr. Kroeger resigned as a Director of the Company on June 11, 1998 and on that
date became a consultant to the Company."
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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