AMENDMENT NO. 3
                    MASTER ADMINISTRATIVE SERVICES AGREEMENT

      The Master Administrative Services Agreement (the "Agreement"), dated
November , 25, 2003, by and between A I M Advisors, Inc., a Delaware
corporation, and AIM International Mutual Funds, a Delaware statutory trust, is
hereby amended as follows:

Paragraph 1(c) of the Agreement is hereby deleted in its entirety and replaced
with the following:

"(c) such other administrative services as may be furnished from time to time by
the Administrator to the Trust or the Portfolios at the request of the Trust's
Board of Trustees, provided, however, that nothing in this Agreement shall
require the Administrator to pay (i) the salary or other compensation of the
senior officer of the Trust appointed pursuant to the New York Attorney
General's Assurance of Discontinuance applicable to A I M Advisors, Inc. dated
October 8, 2004; or (ii) the salary or other compensation (or any portion of
such salary or other compensation) of any other officer of the Trust that the
Trust's Board of Trustees has agreed should be paid by the Trust or the
Portfolios so long as such agreement is evidenced by a resolution of the Board
of Trustees."

      All other terms and provisions of the Agreement not amended herein shall
remain in full force and effect.

Dated: December 2, 2004

                                                 A I M ADVISORS, INC.

Attest: /s/ Jim Coppedge                         By: /s/ Mark H. Williamson
        -----------------------                      ---------------------------
        Assistant Secretary                          Mark H. Williamson
                                                     President
(SEAL)

                                                 AIM INTERNATIONAL MUTUAL FUNDS

Attest: /s/ Jim Coppedge                         By: /s/ Robert H. Graham
        -----------------------                      ---------------------------
        Assistant Secretary                          Robert H. Graham
                                                     President
(SEAL)