INVESCO INTERNATIONAL CORE EQUITY FUND

              (SERIES PORTFOLIO OF AIM INTERNATIONAL MUTUAL FUNDS)

                      Supplement dated January 16, 2004 to
         the Statement of Additional Information dated November 25, 2003
                        as supplemented December 16, 2003


This supplement supercedes and replaces in its entirety the supplement dated
December 16, 2003.

The following new section of the SAI is added immediately following the
information appearing under the heading "PERFORMANCE":

         "PENDING LITIGATION

         A list of pending civil class action lawsuits that involve one or more
         AIM or INVESCO Funds, their former and/or current investment adviser
         and/or certain other related parties and that are related to the claims
         filed by the SEC and/or the New York Attorney General against these
         parties is found in Appendix F."

The following new Appendix to the SAI is added immediately following Appendix E:

                                   "APPENDIX F
                               PENDING LITIGATION

         The following civil class action lawsuits involve one or more AIM or
         INVESCO Funds, AMVESCAP PLC ("AMVESCAP"), A I M Advisors, Inc. ("AIM")
         or INVESCO Funds Group, Inc. ("INVESCO") and certain related parties.

         JERRY FATTAH, CUSTODIAN FOR BASIM FATTAH, INDIVIDUALLY AND ON BEHALF OF
         ALL OTHERS SIMILARLY SITUATED, V. INVESCO ADVANTAGE HEALTH SCIENCES
         FUND, INVESCO CORE EQUITY FUND, INVESCO DYNAMICS FUND, INVESCO ENERGY
         FUND, INVESCO FINANCIAL SERVICES FUND, INVESCO GOLD & PRECIOUS METALS
         FUND, INVESCO HEALTH SCIENCES FUND, INVESCO INTERNATIONAL CORE EQUITY
         FUND (FORMERLY KNOWN AS INTERNATIONAL BLUE CHIP VALUE FUND), INVESCO
         LEISURE FUND, INVESCO MID-CAP GROWTH FUND, INVESCO MULTI-SECTOR FUND,
         AIM INVESCO S&P 500 INDEX FUND, INVESCO SMALL COMPANY GROWTH FUND,
         INVESCO TECHNOLOGY FUND, INVESCO TOTAL RETURN FUND, INVESCO UTILITIES
         FUND, AIM MONEY MARKET FUND, AIM INVESCO TAX-FREE MONEY FUND, AIM
         INVESCO TREASURER'S MONEY MARKET RESERVE FUND, AIM INVESCO TREASURER'S
         TAX-EXEMPT RESERVE FUND, AIM INVESCO U.S. GOVERNMENT MONEY FUND,
         INVESCO ADVANTAGE FUND, INVESCO BALANCED FUND, INVESCO EUROPEAN FUND,
         INVESCO GROWTH FUND, INVESCO HIGH YIELD FUND, INVESCO GROWTH & INCOME
         FUND, INVESCO REAL ESTATE OPPORTUNITY FUND, INVESCO SELECT INCOME FUND,
         INVESCO TAX-FREE BOND FUND, INVESCO TELECOMMUNICATIONS FUND, INVESCO
         U.S. GOVERNMENT SECURITIES FUND, INVESCO VALUE FUND, INVESCO, INVESCO
         LATIN AMERICAN GROWTH FUND (COLLECTIVELY KNOWN AS THE "INVESCO FUNDS"),
         AIM STOCK FUNDS, AIM COUNSELOR SERIES TRUST, AIM SECTOR FUNDS INC., AIM
         BOND FUNDS INC., AIM COMBINATION STOCK AND BOND FUNDS INC., AIM MONEY
         MARKET FUNDS INC., AIM INTERNATIONAL FUNDS INC. (COLLECTIVELY KNOWN AS
         THE "INVESCO FUNDS REGISTRANTS"), AMVESCAP PLC, INVESCO FUNDS GROUP
         INC.; TIMOTHY MILLER; RAYMOND


                                       1


         CUNNINGHAM; THOMAS KOLBE; EDWARD STERN; AMERICAN SKANDIA INC.; BREAN
         MURRAY & CO., INC.; CANARY CAPITAL PARTNERS, LLC; CANARY INVESTMENT
         MANAGEMENT, LLC; CANARY CAPITAL PARTNERS, LTD.; AND JOHN DOES 1-100, in
         the United States District Court, District of Colorado (Civil Action
         No. 03-F-2456), filed on December 4, 2003. This claim alleges
         violations of: Sections 11 and 15 of the Securities Act of 1933, as
         amended (the "Securities Act"); Sections 10(b) and 20(a) of the
         Securities Exchange Act of 1934, as amended (the "Exchange Act"); Rule
         10b-5 under the Exchange Act; and Section 206 of the Investment
         Advisers Act of 1940, as amended (the "Advisers Act"). The plaintiffs
         in this case are seeking: compensatory damages; rescission; return of
         fees paid; accounting for wrongfully gotten gains, profits and
         compensation; restitution and disgorgement; and other costs and
         expenses, including counsel fees and expert fees.

         JOEL GOODMAN, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
         SITUATED, V. INVESCO FUNDS GROUP, INC. AND RAYMOND R. CUNNINGHAM, in
         the District Court, City and County of Denver, Colorado (Case Number
         03CV9268), filed on December 5, 2003. This claim alleges breach of
         fiduciary duty and aiding and abetting breach of fiduciary duty. The
         plaintiffs in this case are seeking: injunctive relief; accounting for
         all damages and for all profits and any special benefits obtained;
         disgorgement; restitution and damages; costs and disbursements,
         including attorneys' and experts' fees; and equitable relief.

         L. SCOTT KARLIN, DERIVATIVELY ON BEHALF OF INVESCO FUNDS GROUP, INC. V.
         AMVESCAP, PLC, INVESCO, INC., CANARY CAPITAL PARTNERS, LLC, CANARY
         INVESTMENT MANAGEMENT, LLC., AND CANARY CAPITAL PARTNERS, LTD., in the
         United States District Court, District of Colorado (Civil Action No.
         03-MK-2406), filed on November 28, 2003. This claim alleges violations
         of Section 36(b) of the Investment Company Act of 1940, as amended
         ("Investment Company Act"), and common law breach of fiduciary duty.
         The plaintiffs in this case are seeking damages and costs and expenses,
         including attorneys' and experts' fees.

         EDWARD LOWINGER AND SHARON LOWINGER, INDIVIDUALLY AND ON BEHALF OF ALL
         OTHERS SIMILARLY SITUATED, V. INVESCO ADVANTAGE HEALTH SCIENCES FUND,
         INVESCO CORE EQUITY FUND, INVESCO DYNAMICS FUND, INVESCO ENERGY FUND,
         INVESCO FINANCIAL SERVICES FUND, INVESCO GOLD & PRECIOUS METALS FUND,
         INVESCO HEALTH SCIENCES FUND, INVESCO INTERNATIONAL CORE EQUITY FUND
         (FORMERLY KNOWN AS INTERNATIONAL BLUE CHIP VALUE FUND), INVESCO LEISURE
         FUND, INVESCO MID-CAP GROWTH FUND, INVESCO MULTI-SECTOR FUND, AIM
         INVESCO S&P 500 INDEX FUND, INVESCO SMALL COMPANY GROWTH FUND, INVESCO
         TECHNOLOGY FUND, INVESCO TOTAL RETURN FUND, INVESCO UTILITIES FUND, AIM
         MONEY MARKET FUND, AIM INVESCO TAX-FREE MONEY FUND, AIM INVESCO
         TREASURER'S MONEY MARKET RESERVE FUND, AIM INVESCO TREASURER'S
         TAX-EXEMPT RESERVE FUND, AIM INVESCO U.S. GOVERNMENT MONEY FUND,
         INVESCO ADVANTAGE FUND, INVESCO BALANCED FUND, INVESCO EUROPEAN FUND,
         INVESCO GROWTH FUND, INVESCO HIGH-YIELD FUND, INVESCO GROWTH & INCOME
         FUND, INVESCO REAL ESTATE OPPORTUNITY FUND, INVESCO SELECT INCOME FUND,
         INVESCO TAX-FREE BOND FUND, INVESCO TELECOMMUNICATIONS FUND, INVESCO
         U.S. GOVERNMENT SECURITIES FUND, INVESCO VALUE FUND, INVESCO; INVESCO
         LATIN AMERICAN GROWTH FUND (COLLECTIVELY KNOWN AS THE "INVESCO FUNDS");
         AIM STOCK FUNDS, AIM COUNSELOR SERIES TRUST, AIM SECTOR FUNDS INC., AIM
         BOND FUNDS INC., AIM COMBINATION STOCK AND BOND FUNDS INC., AIM MONEY
         MARKET FUNDS INC., AIM INTERNATIONAL FUNDS INC. (COLLECTIVELY KNOWN AS
         THE "INVESCO FUNDS REGISTRANTS"); AMVESCAP PLC, INVESCO FUNDS GROUP,
         INC.; TIMOTHY MILLER; RAYMOND


                                       2


         CUNNINGHAM; THOMAS KOLBE; EDWARD J. STERN; AMERICAN SKANDIA INC.; BREAN
         MURRAY & CO., INC.; CANARY CAPITAL PARTNERS, LLC; CANARY INVESTMENT
         MANAGEMENT, LLC; CANARY CAPITAL PARTNERS, LTD.; AND JOHN DOES 1-100, in
         the United States District Court, Southern District of New York (Civil
         Action No. 03-CV-9634), filed on December 4, 2003. This claim alleges
         violations of: Sections 11 and 15 of the Securities Act; Sections 10(b)
         and 20(a) of the Exchange Act; Rule 10b-5 under the Exchange Act; and
         Section 206 of the Advisers Act. The plaintiffs in this case are
         seeking: compensatory damages; rescission; return of fees paid;
         accounting for wrongfully gotten gains, profits and compensation;
         restitution and disgorgement; and other costs and expenses, including
         counsel fees and expert fees.

         RICHARD RAVER, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
         SITUATED, V. INVESCO FUNDS GROUP, INC., INVESCO STOCK FUNDS, INC., AIM
         MANAGEMENT GROUP, INC., AIM STOCK FUNDS, AIM STOCK FUNDS, INC.,
         AMVESCAP PLC, INVESCO ADVANTAGE HEALTH SCIENCES FUND, INVESCO CORE
         EQUITY FUND, INVESCO DYNAMICS FUND, INVESCO ENERGY FUND, INVESCO
         FINANCIAL SERVICES FUND, INVESCO GOLD & PRECIOUS METALS FUND, INVESCO
         HEALTH SCIENCES FUND, INVESCO INTERNATIONAL CORE EQUITY FUND, INVESCO
         LEISURE FUND, INVESCO MID-CAP GROWTH FUND, INVESCO MULTI-SECTOR FUND,
         INVESCO S&P 500 INDEX FUND, INVESCO SMALL COMPANY GROWTH FUND, INVESCO
         TECHNOLOGY FUND, INVESCO TOTAL RETURN FUND, INVESCO UTILITIES FUND,
         INVESCO ADVANTAGE FUND, INVESCO BALANCED FUND, INVESCO EUROPEAN FUND,
         INVESCO GROWTH FUND, INVESCO HIGH YIELD FUND, INVESCO GROWTH & INCOME
         FUND, INVESCO INTERNATIONAL BLUE CHIP VALUE FUND, INVESCO REAL ESTATE
         OPPORTUNITY FUND, INVESCO SELECT FUND, INVESCO TAX-FREE BOND FUND,
         INVESCO TELECOMMUNICATIONS FUND, INVESCO U.S. GOVERNMENT SECURITIES
         FUND, INVESCO VALUE FUND, EDWARD J. STERN, CANARY INVESTMENT
         MANAGEMENT, LLC, CANARY CAPITAL PARTNERS, LTD., CANARY CAPITAL
         PARTNERS, LLC, AND DOES 1-100, in the United States District Court,
         District of Colorado (Civil Action No. 03-F-2441), filed on December 2,
         2003. This claim alleges violations of: Sections 11 and 15 of the
         Securities Act; Sections 10(b) and 20(a) of the Exchange Act; Rule
         10b-5 under the Exchange Act; and Sections 34(b), 36(a) and 36(b) of
         the Investment Company Act. The claim also alleges common law breach of
         fiduciary duty. The plaintiffs in this case are seeking: damages;
         pre-judgment and post-judgment interest; attorneys' and experts' fees;
         and other relief.

         STEVEN B. EHRLICH, CUSTODIAN FOR ALEXA P. EHRLICH, UGTMA/FLORIDA, AND
         DENNY P. JACOBSON, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
         SITUATED, V. INVESCO ADVANTAGE HEALTH SCIENCES FUND, INVESCO CORE
         EQUITY FUND, INVESCO DYNAMICS FUND, INVESCO ENERGY FUND, INVESCO
         FINANCIAL SERVICES FUND, INVESCO GOLD & PRECIOUS METALS FUND, INVESCO
         HEALTH SCIENCES FUND, INVESCO INTERNATIONAL CORE EQUITY FUND (FORMERLY
         KNOWN AS INTERNATIONAL BLUE CHIP VALUE FUND), INVESCO LEISURE FUND,
         INVESCO MID-CAP GROWTH FUND, INVESCO MULTI-SECTOR FUND, AIM INVESCO S&P
         500 INDEX FUND, INVESCO SMALL COMPANY GROWTH FUND, INVESCO TECHNOLOGY
         FUND, INVESCO TOTAL RETURN FUND, INVESCO UTILITIES FUND, AIM MONEY
         MARKET FUND, AIM INVESCO TAX-FREE MONEY FUND, AIM INVESCO TREASURERS
         MONEY MARKET RESERVE FUND, AIM INVESCO TREASURERS TAX-EXEMPT RESERVE
         FUND, AIM INVESCO US GOVERNMENT MONEY FUND, INVESCO ADVANTAGE FUND,
         INVESCO BALANCED FUND, INVESCO EUROPEAN FUND, INVESCO GROWTH FUND,
         INVESCO HIGH-YIELD FUND, INVESCO GROWTH & INCOME FUND, INVESCO REAL
         ESTATE OPPORTUNITY FUND, INVESCO SELECT INCOME FUND, INVESCO TAX-FREE
         BOND FUND, INVESCO TELECOMMUNICATIONS FUND, INVESCO U.S.


                                       3


         GOVERNMENT SECURITIES FUND, INVESCO VALUE FUND, INVESCO LATIN AMERICAN
         GROWTH FUND (COLLECTIVELY KNOW AS THE "INVESCO FUNDS"); AIM STOCK
         FUNDS, AIM COUNSELOR SERIES TRUST, AIM SECTOR FUNDS INC., AIM BOND
         FUNDS INC., AIM COMBINATION STOCK AND BOND FUNDS INC., AIM MONEY MARKET
         FUNDS INC., AIM INTERNATIONAL FUNDS INC. (COLLECTIVELY KNOWN AS THE
         "INVESCO FUNDS REGISTRANTS"); AMVESCAP PLC, INVESCO FUNDS GROUP, INC.;
         TIMOTHY MILLER; RAYMOND CUNNINGHAM; THOMAS KOLBE; EDWARD J. STERN;
         AMERICAN SKANDIA INC.; BREAN MURRAY & CO., INC.; CANARY CAPITAL
         PARTNERS, LLC; CANARY INVESTMENT MANAGEMENT, LLC; CANARY CAPITAL
         PARTNERS, LTD.; AND JOHN DOES 1-100, in the United States District
         Court, District of Colorado (Civil Action No. 03-N-2559), filed on
         December 17, 2003. This claim alleges violations of: Sections 11 and 15
         of the Securities Act; Sections 10(b) and 20(a) of the Exchange Act;
         Rule 10b-5 under the Exchange Act; and Section 206 of the Advisers Act.
         The plaintiffs in this case are seeking: compensatory damages;
         rescission; return of fees paid; accounting for wrongfully gotten
         gains, profits and compensation; restitution and disgorgement; and
         other costs and expenses, including counsel fees and expert fees.

         JOSEPH R. RUSSO, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
         SITUATED, V. INVESCO ADVANTAGE HEALTH SCIENCES FUND, INVESCO CORE
         EQUITY FUND, INVESCO DYNAMICS FUND, INVESCO ENERGY FUND, INVESCO
         FINANCIAL SERVICES FUND, INVESCO GOLD & PRECIOUS METALS FUND, INVESCO
         HEALTH SCIENCES FUND, INVESCO INTERNATIONAL CORE EQUITY FUND (FORMERLY
         KNOWN AS INTERNATIONAL BLUE CHIP VALUE FUND), INVESCO LEISURE FUND,
         INVESCO MID-CAP GROWTH FUND, INVESCO MULTI-SECTOR FUND, AIM INVESCO S&P
         500 INDEX FUND, INVESCO SMALL COMPANY GROWTH FUND, INVESCO TECHNOLOGY
         FUND, INVESCO TOTAL RETURN FUND, INVESCO UTILITIES FUND, AIM MONEY
         MARKET FUND, AIM INVESCO TAX-FREE MONEY FUND, AIM INVESCO TREASURERS
         MONEY MARKET RESERVE FUND, AIM INVESCO TREASURERS TAX-EXEMPT RESERVE
         FUND, AIM INVESCO US GOVERNMENT MONEY FUND, INVESCO ADVANTAGE FUND,
         INVESCO BALANCED FUND, INVESCO EUROPEAN FUND, INVESCO GROWTH FUND,
         INVESCO HIGH-YIELD FUND, INVESCO GROWTH & INCOME FUND, INVESCO REAL
         ESTATE OPPORTUNITY FUND, INVESCO SELECT INCOME FUND, INVESCO TAX-FREE
         BOND FUND, INVESCO TELECOMMUNICATIONS FUND, INVESCO U.S. GOVERNMENT
         SECURITIES FUND, INVESCO VALUE FUND, INVESCO LATIN AMERICAN GROWTH FUND
         (COLLECTIVELY KNOW AS THE "INVESCO FUNDS"); AIM STOCK FUNDS, AIM
         COUNSELOR SERIES TRUST, AIM SECTOR FUNDS INC., AIM BOND FUNDS INC., AIM
         COMBINATION STOCK AND BOND FUNDS INC., AIM MONEY MARKET FUNDS INC., AIM
         INTERNATIONAL FUNDS INC. (COLLECTIVELY KNOWN AS THE "INVESCO FUNDS
         REGISTRANTS"); AMVESCAP PLC, INVESCO FUNDS GROUP, INC.; TIMOTHY MILLER;
         RAYMOND CUNNINGHAM; THOMAS KOLBE; EDWARD J. STERN; AMERICAN SKANDIA
         INC.; BREAN MURRAY & CO., INC.; CANARY CAPITAL PARTNERS, LLC; CANARY
         INVESTMENT MANAGEMENT, LLC; CANARY CAPITAL PARTNERS, LTD.; AND JOHN
         DOES 1-100, in the United States District Court, Southern District of
         New York (Civil Action No. 03-CV-10045), filed on December 18, 2003.
         This claim alleges violations of: Sections 11 and 15 of the Securities
         Act; Sections 10(b) and 20(a) of the Exchange Act; Rule 10b-5 under the
         Exchange Act; and Section 206 of the Advisers Act. The plaintiffs in
         this case are seeking: compensatory damages; rescission; return of fees
         paid; accounting for wrongfully gotten gains, profits and compensation;
         restitution and disgorgement; and other costs and expenses, including
         counsel fees and expert fees.

         MIRIAM CALDERON, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
         SITUATED, V. AMVESCAP PLC, AVZ, INC., AMVESCAP RETIREMENT, INC.,
         AMVESCAP


                                       4


         NATIONAL TRUST COMPANY, ROBERT F. MCCULLOUGH, GORDON NEBEKER, JEFFREY
         G. CALLAHAN, INVESCO FUNDS GROUP, INC., RAYMOND R. CUNNINGHAM, AND DOES
         1-100, in the United States District Court, District of Colorado (Civil
         Action No. 03-M-2604), filed on December 24, 2003. This claim alleges
         violations of: Sections 404, 405 and 406B of the Employee Retirement
         Income Security Act ("ERISA"). The plaintiffs in this case are seeking:
         declarations that the defendants breached their ERISA fiduciary duties
         and that they are not entitled to the protection of Section
         404(c)(1)(B) of ERISA; an order compelling the defendants to make good
         to the Retirement Plan all losses to a particular retirement plan
         described in this case (the "Retirement Plan") resulting from the
         defendants' breaches of their fiduciary duties, including losses to the
         Retirement Plan resulting from imprudent investment of the Plan's
         assets, and to restore to the Retirement Plan all profits the
         defendants made through use of the Retirement Plan's assets, and to
         restore to the Retirement Plan all profits which the participants would
         have made if the defendants had fulfilled their fiduciary obligations;
         damages on behalf of the Retirement Plan; imposition of a constructive
         trust, injunctive relief, damages suffered by the Retirement Plan, to
         be allocated proportionately to the participants in the Retirement
         Plan; restitution and other costs and expenses, including counsel fees
         and expert fees.

         PAT B. GORSUCH AND GEORGE L. GORSUCH V. INVESCO FUNDS GROUP, INC.; AND
         AIM ADVISER, INC., in the United States District Court, District of
         Colorado (Civil Action No. 03-MK-2612), filed on December 24, 2003.
         This claim alleges violations of: Sections 15(a), 20(a) and 36(b) of
         the Investment Company Act. The plaintiffs in this case are seeking:
         rescission and/or voiding of the investment advisory agreements; return
         of fees paid; damages; and other costs and expenses, including counsel
         fees and expert fees.

         Additional lawsuits arising out of these circumstances and presenting
         similar allegations and requests for relief may be filed against the
         funds, INVESCO, AIM, AMVESCAP and related parties in the future. This
         statement of additional information will be supplemented periodically
         if any such lawsuits do arise."


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