March 4, 2003

AIM Funds Shuffles Managers

March 3, 2003 -- AIM Capital Management Inc. announced management changes to 12 of their mutual funds:

The following changes were effective March 1:

FUNDNEW TEAMFORMER TEAM1-YR RETURN THRU 1/31/03

  • AIM Emerging Growth Fund/A (EMEAX) Karl Farmer, Jay Rushin Rushin, Robert Kippes-30.2%
  • AIM Global Growth Fund/A (AGGAX) Kirk L. Anderson, Clas G. Olsson, Barrett K. Sides Monika Degan, Olsson, Sides-20.0%
  • AIM Global Income Fund/A (AGAIX) Robert G. Alley, Jan H. Friedli, Carolyn L. Gibbs, Scot W. Johnson Alley, Friedli, Gibbs-4.6%
  • AIM Large Cap Basic Value Fund/A (LCBAX) Robert Cannon Coleman II, Matthew W. Seinsheimer, Michael J. Simon, Bret W. Stanley Seinsheimer, Simon, Stanley-24.0%

The following changes are effective May 1:

FUNDNEW TEAMFORMER TEAM1-YR RETURN THRU 1/31/03

  • AIM Aggressive Growth Fund/A (AAGFX) Karl Farmer, Robert M. Kippes, Jay K. RushinRyan Crane, Kippes, Rushin-22.6%
  • AIM Blue Chip Fund/A (ABCAX) Kirk L. Anderson, Monika H. DeganDegan, Jonathan Schoolar-27.0%
  • AIM Charter Fund/A (CHTRX) David W. Pointer, Ronald S. SloanSloan, Michael Yellen-17.4%
  • AIM Constellation Fund/A (CSTGX) Christian A. Costanzo, Robert J. Lloyd, Kenneth A. Zschappel Zschappel, Robert Kippes-25.4%
  • AIM Dent Demographic Trends Fund/A (ADDAX) Kirk L. Anderson, James G. Birdsall, Lanny H. Sachnowitz Sachnowitz, Edgar Larsen-31.6%
  • AIM International Growth Fund/A (AIIEX) Shuxin Cao, Jason T. Holzer, Clas G. Olsson, Barret K. SidesHolzer, Olsson, Sides-14.1%
  • AIM Mid Cap Growth Fund/A (AMCAX) Karl Farmer, Jay K. RushinRushin, Kenneth A. Zschappel, Robert Kippes, Ryan Crane-29.5%
  • AIM Weingarten Fund/A (WEINX) James G. Birdsall, Monika H. Degan, Lanny H. SachnowitzDegan, Sachnowitz-30.8%

"None of the people involved in these changes are retiring from the company, nor are they leaving the firm," a spokesman for AIM Funds said. "Most of the new additions represent the promotion of senior analysts to portfolio managers. These analysts have already been supporting their respective funds for quite some time. We are principally adding some depth to these management teams."

The spokesman added, "We are not changing the investment objectives nor philosophies of any of these funds."

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