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                              AIM ASIAN GROWTH FUND
                          AIM EUROPEAN DEVELOPMENT FUND
                        AIM GLOBAL AGGRESSIVE GROWTH FUND
                             AIM GLOBAL GROWTH FUND
                             AIM GLOBAL INCOME FUND
                          AIM INTERNATIONAL EQUITY FUND

              (SERIES PORTFOLIOS OF AIM INTERNATIONAL FUNDS, INC.)


                      Supplement dated July 6, 2001 to the
             Statement of Additional Information dated March 1, 2001
                           as supplemented May 4, 2001


In addition to contingent deferred sales charge ("CDSC") waivers for Class C
shares listed on page 61 under the section, "CONTINGENT DEFERRED SALES CHARGE
EXCEPTIONS," effective July 13, 2001, the CDSC on redemptions of Class C shares
of the funds will be waived in the following circumstances where such
redemptions are in connection with employee terminations or withdrawals:

         o        a pension, profit-sharing or other employee benefit trust
                  created pursuant to a plan qualified under Section 401 of the
                  Code.

         o        a 457 plan, even if more than one beneficiary or participant
                  is involved.


The following sentence replaces in its entirety the first sentence of the second
paragraph appearing under the heading "MANAGEMENT -- DIRECTORS AND OFFICERS" on
page 39 of the Statement of Additional Information:

         "The members of the Audit Committee are Messrs. Crockett, Daly, Dowden
         (acting Chairman), Fields, Pennock and Sklar and Dr. Mathai-Davis."

The following sentence replaces in its entirety the first sentence of the first
paragraph appearing under the heading "MANAGEMENT -- DIRECTORS AND OFFICERS" on
page 40 of the Statement of Additional Information:

         "The members of the Investments Committee are Messrs. Crockett, Daly,
         Dowden, Fields, Pennock and Sklar (Chairman) and Dr. Mathai-Davis."

The following sentence replaces in its entirety the first sentence of the second
paragraph appearing under the heading "MANAGEMENT -- DIRECTORS AND OFFICERS" on
page 40 of the Statement of Additional Information:

         "The members of the Nominating and Compensation Committee are Messrs.
         Crockett (Chairman), Daly, Dowden, Fields, Pennock and Sklar and Dr.
         Mathai-Davis."