AIM Investments Announces Limited Offering of AIM Real Estate Fund

    Business Editors

    HOUSTON--(BUSINESS WIRE)--March 24, 2005--AIM Investments(R) announced today that AIM Real Estate Fund will be offered on a limited basis to certain investors, effective at the close of business on April 29, 2005.
    The fund will still be available for investment to existing shareholders. Other investors, such as retirement plans and college savings plans, may also open new accounts upon approval of A I M Distributors, Inc., the fund's distributor. A complete list of eligible investors is available in the fund's prospectus.
    Investing in a single-sector mutual fund involves greater risk and potential reward than investing in a more diversified fund. The Fund invests substantial assets in real estate investment trusts (REITs) that involve risks not associated with investing in stocks.
    The fund can invest up to 25% of its assets in foreign securities that involve risks not associated with investing solely in the United States.
    Rising interest rates will affect the performance of the fund's investments in debt securities.

    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 $138 billion in assets under management as of December 31, 2004. 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., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, 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 $382 billion in assets under management as of December 31, 2004, 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.

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CONTACT: AIM, Houston David Bachert, 713-214-1465 david.bachert@aiminvestments.com

KEYWORD: TEXAS INDUSTRY KEYWORD: BANKING REAL ESTATE BUILDING/CONSTRUCTION SOURCE: AIM

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