AVZ Amvescap

AIM Investments(R) announced that the proposed reorganizations of seven funds have been approved by shareholders of the respective funds. Below is a list of the fund reorganizations that are expected to be completed on or about July 18, 2005. Each of the seven "existing" funds listed will be closed to new investors at the completion of business on July 5, 2005. -0- *T Existing Fund Acquiring Fund Acquiring Fund Fund Management Team ---------------------------------------------------------------------- AIM Balanced Fund AIM Basic Bret W. Stanley (Lead), R. Balanced Fund Canon Coleman II, Jan H. Friedli, Scot W. Johnson, Matthew W. Seinsheimer, Michael J. Simon (assisted by the Basic Value and Investment Grade Teams) ---------------------------------------------------------------------- AIM Core Stock AIM Diversified Meggan M. Walsh Fund Dividend Fund (assisted by the Diversified Dividend Team) ---------------------------------------------------------------------- AIM Emerging Growth AIM Aggressive Jay K. Rushin (Lead), Karl F. Fund Growth Fund Farmer (assisted by the Aggressive Growth Team) ---------------------------------------------------------------------- AIM Health Sciences AIM Global Health Michael Yellen (Lead), Kirk L. Fund Care Fund Anderson, Sunaina Murthy, Derek M. Taner, Bryan A. Unterhalter ---------------------------------------------------------------------- AIM Libra Fund AIM Aggressive Jay K. Rushin (Lead), Karl F. Growth Fund Farmer (assisted by the Aggressive Growth Team) ---------------------------------------------------------------------- AIM Mid Cap Stock AIM Capital Paul J. Rasplicka (Lead), Fund Development Fund Michael Chapman (assisted by the Mid Cap Growth/GARP team) ---------------------------------------------------------------------- AIM Total Return AIM Basic Bret W. Stanley (Lead), R. Fund Balanced Fund Canon Coleman II, Jan H. Friedli, Scot W. Johnson, Matthew W. Seinsheimer, Michael J. Simon (assisted by the Basic Value and Investment Grade Teams) ---------------------------------------------------------------------- *T The June 28, 2005, shareholder meeting was adjourned until 3 p.m. CDT on June 30, 2005, at the same location in order to solicit additional votes for another matter that was proposed to shareholders. Future adjournments, if any, will be posted on the Fund's Web site, www.AIMinvestments.com, under "Proxy Voting." About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. Founded in 1976, AIM Investments had $131 billion in assets under management as of March 31, 2005. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., and AIM Private Asset Management, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments. About AMVESCAP A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for clients around the world. The Company, which had approximately $375 billion in assets under management as of March 31, 2005, is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other important information about any AIM fund, please obtain a prospectus from your financial advisor and read it carefully before investing. A I M Distributors, Inc., Distributor.