1
PROXY INFORMATION

Shareholders of certain AIM funds have been mailed a proxy statement asking for
approval for some or all of the following proposals: (1) to make investment
restriction language consistent across all AIM funds; (2) to modernize policy
restrictions language and update language to reflect changes in the law; (3) to
change fund policy language from fundamental to nonfundamental; (4) to increase
the flexibility of the fund; (5) to reorganize certain groups of funds from a
Maryland corporation to a Delaware business trust organization; (6) to approve
a new advisory agreement; and, (7) to combine certain funds and transfer assets
and liabilities. The proxy statement for each AIM fund contains disclosure
information about the proposals for which votes are being solicited.

Please select one of the funds from the menu below to read answers to common
questions regarding your fund's proxy vote, to view Prospectuses and to access
the Annual Reports.

[DROP-DOWN MENU SELECTION BOX]

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WAYS TO VOTE

You may cast your vote by any of the following methods.

BY INTERNET

[COMPUTER GRAPHIC] ONLINE PROXY VOTING.
https://www.proxycard.com/aim2000 to vote with respect to
the May 3, 2000 Shareholder Meeting for which certain
proposals of some funds have been adjourned to May 31, 2000.

https://www.proxycard.com/aim2 to vote with respect to the
May 31, 2000 Shareholder Meeting.

Enter the 12-digit control number listed on the proxy card
you received in the mail, then follow the instructions on
the website.

BY MAIL

[MAILBOX GRAPHIC] Complete and sign the proxy card and return it in the
postage-paid envelope provided in the shareholder mailing.

BY TELEPHONE

[TELEPHONE GRAPHIC] Call the appropriate toll free number (determined by the
Shareholder meeting date indicated on your proxy statement).

--------------------------------
MEETING DATE TOLL FREE NUMBER
--------------------------------
May 3, 2000 1-800-605-9205
--------------------------------
May 31, 2000 1-800-616-6758
--------------------------------

Enter the 12-digit control number listed on the proxy card,
then follow the recorded instructions.

2
However you choose to vote, it is important that you vote now to save the
expense of additional solicitations.

IF YOU HAVE ANY QUESTIONS...

If you have any questions on the proxy or the voting process, please contact
your financial consultant or call AIM toll-free at 1-800-454-0327 any business
day between 7:30 a.m. and 5:30 p.m. Central time.

If we have not received your proxy card before the date of the shareholder
meeting for your fund, a representative from our proxy solicitation firm,
Shareholder Communications Corporation, may contact you to remind you to
exercise your right to vote.

3
AIM EMERGING MARKETS DEBT FUND

PROXY STATEMENT

PROSPECTUS

ANNUAL REPORT

BACK TO PROXY INFORMATION

ONLINE PROXY VOTING

QUESTIONS & ANSWERS

o General Questions & Answers

o Proposal to Reorganize AIM Emerging Markets Debt Fund into AIM
Developing Markets Fund

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We encourage you to read the proxy statement in full; however, the following
represent some typical questions that shareholders may have regarding the proxy
statement.

GENERAL QUESTIONS & ANSWERS

o How do I vote?

o Why did I receive multiple proxies?

o How does the board recommend that I vote?

o Why should I vote?

o Has AIM contracted for the services of a proxy solicitor?

o Will my vote be confidential using the online proxy voting system?

o How do I sign the proxy card?

o What is the deadline for voting?

HOW DO I VOTE?

Voting may take place in the following ways:

o You may vote your shares at https://www.proxycard.com/aim2/ unless
your shares are held through a broker, in which case you may vote your
shares at https://www.proxyvote.com. Because Internet voting is the
most economical way to vote your proxy, we encourage all our
shareholders who can to use this method.

o You may indicate your vote on the proxy card and return it in the
postage-paid envelope provided in the shareholder mailings.

o You may call in your vote to Shareholder Communications Corporation.
You may call 1-800-616-6758 for the 24-hour automated system; you will
need the 12-digit control number from your proxy card. You may call
1-800-616-5497 for a customer service representative; you will be
asked identification questions such as your current address and ZIP
code.

o You may attend the meeting in person and vote your shares there.

Back to Questions

WHY DID I RECEIVE MULTIPLE PROXIES?

Each proxy statement relates to a particular fund or group of funds, and each
fund has different proposals. You may receive multiple mailings, depending on
which funds you own, or you may receive one mailing even though you own more
than one fund. Each mailing contains proxy cards for the fund(s) you own and are
entitled to vote.

Back to Questions

HOW DOES THE BOARD RECOMMEND THAT I VOTE?

The board recommends that you vote FOR all the proposals on the proxy card.

Back to Questions

WHY SHOULD I VOTE?

Every vote is important. If shareholders fail to vote their proxies, a fund may
not receive enough votes to go forward with the May 31st shareholder meeting. If
this happens, the fund may have to make extra solicitations to obtain a quorum
or resend proxies to shareholders, incurring unnecessary additional costs.

Back to Questions

HAS AIM CONTRACTED FOR THE SERVICES OF A PROXY SOLICITOR?

Yes, AIM has hired Shareholder Communications Corporation as its proxy
solicitor. If we do not receive your vote after a reasonable amount of time, you
may receive a telephone call from them reminding you to vote your shares.

Back to Questions

WILL MY VOTE BE CONFIDENTIAL USING THE ONLINE PROXY VOTING SYSTEM?

The Web proxy voting system offered by Proxycard.com maintains a high level of
security to ensure the confidentiality of your vote. Security features include:

o SECURE SOCKETS LAYER (SSL) - A security measure that encrypts all
information that travels between ProxyCard.com's Web server and the
shareholder's computer.

o CONTROL NUMBER - Each shareholder is required to enter his or her
12-digit control number. ProxyCard.com verifies the number and
presents the holder with the appropriate proxy card for his or her
fund(s).

o FIREWALL - To protect the confidentiality of your account records,
ProxyCard.com uses only control numbers and card codes to register
votes. Voted positions are then periodically uploaded to our master
database of shareholders listed as of the record date. All
account-specific data remain behind our firewall.

Back to Questions

HOW DO I SIGN THE PROXY CARD?

(DOES NOT APPLY IF VOTING BY PHONE OR INTERNET)

o INDIVIDUAL ACCOUNTS: Shareholders should sign exactly as their names
appear in the account registration shown on the proxy card.

o JOINT ACCOUNTS: All joint owners should sign exactly as their names
appear in the registration.

o ALL OTHER ACCOUNTS: The person signing must indicate his or her
capacity. For example, if Jane A. Doe is a trustee for a trust or
other entity, she should sign, "Jane A. Doe, Trustee."

Back to Questions

WHAT IS THE DEADLINE FOR VOTING?

All votes must be received before or at the Shareholder Meeting, which will be
held at 3:00 P.M. Central time May 31, 2000.

Back to Questions | Back To Top

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PROPOSAL TO REORGANIZE AIM EMERGING MARKETS DEBT FUND INTO AIM DEVELOPING
MARKETS FUND

o What am I being asked to vote on?

o Why is this reorganization being proposed?

o Where can I find more information concerning this proposed
reorganization?

o Will there be any tax consequences as a result of this reorganization?

o How does the board recommend that I vote on this proposal?

WHAT AM I BEING ASKED TO VOTE ON?

You are being asked to approve the combination of AIM Emerging Markets Debt Fund
with AIM Developing Markets Fund by transferring all of the assets of AIM
Emerging Markets Debt Fund to AIM Developing Markets Fund.

Back to Questions

WHY IS THIS REORGANIZATION BEING PROPOSED?

The fund's board and AIM believe that combining the two funds will

benefit shareholders of AIM Emerging Markets Debt Fund.

o The two funds have similar investment objectives. AIM Emerging Markets
Debt Fund seeks high current income with a secondary objective of
growth of capital. AIM Developing Markets Fund seeks long-term growth
of capital with a secondary objective of income.

o To achieve its objective, AIM Developing Markets Fund has a broader
investment mandate, with the ability to invest more extensively in
equity securities. AIM Developing Markets Fund may also invest up to
50% of its assets in developing market debt securities, although it
primarily invests in equity securities.

o AIM Developing Markets Fund has superior recent performance compared
to AIM Emerging Markets Debt Fund.

o Though the expense ratio of AIM Developing Markets Fund is higher than
that of AIM Emerging Markets Debt Fund, the expense ratio is expected
to decrease as a result of the reorganization.

(You may visit our website at www.aimfunds.com if you would like to review fund
performance information.)

Back to Questions

WHERE CAN I FIND MORE INFORMATION CONCERNING THIS PROPOSED REORGANIZATION?

Further details can be found in the section of the proxy statement titled
"Reasons for the Reorganization."

Back to Questions

WILL THERE BE ANY TAX CONSEQUENCES AS A RESULT OF THIS REORGANIZATION?

The reorganization has been structured as a tax-free transaction.

Back to Questions

HOW DOES THE BOARD RECOMMEND THAT I VOTE ON THIS PROPOSAL?

The board recommends that you vote FOR this proposal.

Back to Questions | Back To Top

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For more complete information about any AIM funds, including sales charges and
expenses, view or ask your financial advisor for a prospectus(es). Please read
the prospectus(es) carefully before you invest or send money. For additional
information, ask your financial advisor for an investor guide of the fund(s).

INVESTMENT PRODUCTS OFFERED ARE: NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE

A I M Distributors, Inc. 4/2000

(C) 2000 A I M Management Group, Inc. All Rights Reserved.
Important Legal Information.
8
ProxyCard.Com
- --------------------------------------------------------------------------------

Welcome to ProxyCard.com, the fastest and most convenient way to vote your proxy
via the internet. To vote your shares, follow these four easy steps:

1. Review the proxy statement you received in the mail.

2. Enter the control number printed on your proxy card below.

3. Complete your internet proxy card and submit your vote. Don't forget to
click the "this vote is correct" button.

4. Print or save a copy of your confirmation for your records. You may also
have a confirmation emailed to you.

If you have more than one proxy card, you will need to vote each position
individually.

Enter a control number below (printed on your proxy card):

[0349]

[SUBMIT]
9
ProxyCard.Com
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PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM EMERGING MARKETS DEBT FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD MAY 31, 2000

THE UNDERSIGNED HEREBY APPOINTS ROBERT H. GRAHAM AND GARY T. CRUM, AND EACH OF
THEM SEPARATELY, PROXIES WITH THE POWER OF SUBSTITUTION TO EACH, AND HEREBY
AUTHORIZES THEM TO REPRESENT AND TO VOTE, AS DESIGNATED BELOW, AT THE SPECIAL
MEETING OF SHAREHOLDERS ON MAY 31, 2000 AT 3:00 P.M., CENTRAL TIME, AND AT ANY
ADJOURNMENT THEREOF, ALL OF THE SHARES OF THE FUND WHICH THE UNDERSIGNED WOULD
BE ENTITLED TO VOTE IF PERSONALLY PRESENT. IF THIS PROXY IS SIGNED AND RETURNED
WITH NO CHOICES INDICATED, THE SHARES WILL BE VOTED "FOR" THE APPROVAL OF THE
PROPOSAL.

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

1. TO APPROVE A PLAN OF REORGANIZATION AND TERMINATION PROVIDING FOR THE
COMBINATION OF AIM EMERGING MARKETS DEBT FUND AND AIM DEVELOPING MARKETS
FUND.

[ ] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.
10

[SUBMIT]
11

ProxyCard.com
- -------------------------------------------------------------------------------

PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM EMERGING MARKETS DEBT FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD
MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

1. TO APPROVE A PLAN OF REORGANIZATION AND TERMINATION PROVIDING FOR THE
COMBINATION OF AIM EMERGING MARKETS DEBT FUND AND AIM DEVELOPING MARKETS
FUND.

[X] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.
12

[SUBMIT]

ProxyCard.com
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THIS IS YOUR COMPLETED PROXY CARD. SIGN AND SUBMIT YOUR CARD BY CLICKING "THIS
VOTE IS CORRECT" AT THE BOTTOM OF THE PAGE. TO MAKE CHANGES USE THE "BACK"
BUTTON BELOW. YOU MAY PRINT OR SAVE THIS PAGE OR HAVE A CONFIRMATION OF YOUR
VOTE E-MAILED TO YOU.

[BACK]

[ ] Check this box and enter your e-mail address below if you want to be
e-mailed a copy of your voted proxy. A confirmation will be sent after you
press the "This Vote is Correct" button at the bottom of this page.

e-mail: [ ]

PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM EMERGING MARKETS DEBT FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD
MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

1. TO APPROVE A PLAN OF REORGANIZATION AND TERMINATION PROVIDING FOR THE
COMBINATION OF AIM EMERGING MARKETS DEBT FUND AND AIM DEVELOPING MARKETS
FUND.
14

[X] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.

Is this vote correct?

[THIS VOTE IS CORRECT] [BACK]

If you want to change your vote, use a "Back" button to return to the previous
page.
15

ProxyCard.Com
- --------------------------------------------------------------------------------

Your vote has been submitted.

If you would like to vote another proxy, enter a control number below:

[ ]

[SUBMIT]
16
PROXY INFORMATION

Please select one of the funds from the menu below to read answers to common
questions regarding your fund's proxy vote, to view Prospectuses and to access
the Annual Reports.

[DROP-DOWN MENU SELECTION BOX]

- --------------------------------------------------------------------------------
WAYS TO VOTE

You may cast your vote by any of the following methods.

BY INTERNET

https://www.proxycard.com/aim2 to vote with respect to the
May 31, 2000 Shareholder Meeting.

Enter the 12-digit control number listed on the proxy card
you received in the mail, then follow the instructions on
the website.

BY MAIL

[MAILBOX GRAPHIC] Complete and sign the proxy card and return it in the
postage-paid envelope provided in the shareholder mailing.

BY TELEPHONE

[TELEPHONE GRAPHIC] Call the appropriate toll free number (determined by the
Shareholder meeting date indicated on your proxy statement).

Enter the 12-digit control number listed on the proxy card,
then follow the recorded instructions.

17
However you choose to vote, it is important that you vote now to save the
expense of additional solicitations.

IF YOU HAVE ANY QUESTIONS...

18
AIM GLOBAL GROWTH & INCOME FUND

PROXY STATEMENT

PROSPECTUS

ANNUAL REPORT

BACK TO PROXY INFORMATION

ONLINE PROXY VOTING

QUESTIONS & ANSWERS

o General Questions & Answers

o Proposal to Reorganize AIM Global Growth & Income Fund into AIM Global
Growth Fund

- --------------------------------------------------------------------------------

We encourage you to read the proxy statement in full; however, the following
represent some typical questions that shareholders may have regarding the proxy
statement.

GENERAL QUESTIONS & ANSWERS

o How do I vote?

o Why did I receive multiple proxies?

o How does the board recommend that I vote?

o Why should I vote?

o Has AIM contracted for the services of a proxy solicitor?

o Will my vote be confidential using the online proxy voting system?

o How do I sign the proxy card?

o What is the deadline for voting?

HOW DO I VOTE?

Voting may take place in the following ways:

o You may indicate your vote on the proxy card and return it in the
postage-paid envelope provided in the shareholder mailings.

o You may attend the meeting in person and vote your shares there.

Back to Questions

WHY DID I RECEIVE MULTIPLE PROXIES?

Back to Questions

HOW DOES THE BOARD RECOMMEND THAT I VOTE?

The board recommends that you vote FOR all the proposals on the proxy card.

Back to Questions

WHY SHOULD I VOTE?

Back to Questions

HAS AIM CONTRACTED FOR THE SERVICES OF A PROXY SOLICITOR?

Back to Questions

WILL MY VOTE BE CONFIDENTIAL USING THE ONLINE PROXY VOTING SYSTEM?

The Web proxy voting system offered by Proxycard.com maintains a high level of
security to ensure the confidentiality of your vote. Security features include:

o SECURE SOCKETS LAYER (SSL) - A security measure that encrypts all
information that travels between ProxyCard.com's Web server and the
shareholder's computer.

Back to Questions

HOW DO I SIGN THE PROXY CARD?

(DOES NOT APPLY IF VOTING BY PHONE OR INTERNET)

o INDIVIDUAL ACCOUNTS: Shareholders should sign exactly as their names
appear in the account registration shown on the proxy card.

o JOINT ACCOUNTS: All joint owners should sign exactly as their names
appear in the registration.

o ALL OTHER ACCOUNTS: The person signing must indicate his or her
capacity. For example, if Jane A. Doe is a trustee for a trust or
other entity, she should sign, "Jane A. Doe, Trustee."

Back to Questions

WHAT IS THE DEADLINE FOR VOTING?

All votes must be received before or at the Shareholder Meeting, which will be
held at 3:00 P.M. Central time May 31, 2000.

Back to Questions | Back To Top

- --------------------------------------------------------------------------------
PROPOSAL TO REORGANIZE AIM GLOBAL GROWTH & INCOME FUND INTO AIM GLOBAL GROWTH
FUND

o What am I being asked to vote on?

o Why is this reorganization being proposed?

o Where can I find more information concerning this proposed
reorganization?

o Will there be any tax consequences as a result of this reorganization?

o How does the board recommend that I vote on this proposal?

WHAT AM I BEING ASKED TO VOTE ON?

You are being asked to approve the combination of AIM Global Growth & Income
Fund with AIM Global Growth Fund by transferring all of the assets of AIM Global
Growth & Income Fund to AIM Global Growth Fund.

Back to Questions

WHY IS THIS REORGANIZATION BEING PROPOSED?

The fund's board and AIM believe that combining the two funds will

benefit shareholders of AIM Global Growth & Income Fund.

o The two funds have similar investment objectives and follow similar
policies to achieve their objectives.

o AIM Global Growth Fund has superior performance compared to AIM Global
Growth & Income Fund.

o After the reorganization, the operating expense ratio of AIM Global
Growth Fund is expected to be lower than the operating expense ratio
of AIM Global Growth & Income Fund.

(You may visit our website at www.aimfunds.com if you would like to review fund
performance information.)

Back to Questions

WHERE CAN I FIND MORE INFORMATION CONCERNING THIS PROPOSED REORGANIZATION?

Further details can be found in the section of the proxy statement titled
"Synopsis."

Back to Questions

WILL THERE BE ANY TAX CONSEQUENCES AS A RESULT OF THIS REORGANIZATION?

The reorganization has been structured as a tax-free transaction.

Back to Questions

HOW DOES THE BOARD RECOMMEND THAT I VOTE ON THIS PROPOSAL?

The board recommends that you vote FOR this proposal.

Back to Questions | Back To Top

- --------------------------------------------------------------------------------

INVESTMENT PRODUCTS OFFERED ARE: NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE

A I M DISTRIBUTORS, INC. 4/2000

(C) 2000 A I M Management Group, Inc. All Rights Reserved.
Important Legal Information.
22
ProxyCard.Com
- --------------------------------------------------------------------------------

Welcome to ProxyCard.com, the fastest and most convenient way to vote your proxy
via the internet. To vote your shares, follow these four easy steps:

1. Review the proxy statement you received in the mail.

2. Enter the control number printed on your proxy card below.

3. Complete your internet proxy card and submit your vote. Don't forget to
click the "this vote is correct" button.

4. Print or save a copy of your confirmation for your records. You may also
have a confirmation emailed to you.

If you have more than one proxy card, you will need to vote each position
individually.

Enter a control number below (printed on your proxy card):

[0349]

[SUBMIT]
23
ProxyCard.Com
- --------------------------------------------------------------------------------

PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM GLOBAL GROWTH & INCOME FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

1. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION BY AND AMONG AIM
INVESTMENT FUNDS, ACTION ON BEHALF OF AIM GLOBAL GROWTH & INCOME FUND,
AIM INTERNATIONAL FUNDS, INC., ACTING ON BEHALF OF AIM GLOBAL GROWTH FUND,
AND A I M ADVISORS, INC.

[ ] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.
24
ProxyCard.Com
- --------------------------------------------------------------------------------

[SUBMIT]
25
ProxyCard.Com
- --------------------------------------------------------------------------------

PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM GLOBAL GROWTH & INCOME FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD
MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

1. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION BY AND AMONG AIM
INVESTMENT FUNDS, ACTING ON BEHALF OF AIM GLOBAL GROWTH & INCOME
FUND, AIM INTERNATIONAL FUNDS, INC., ACTING ON BEHALF OF AIM GLOBAL
GROWTH FUND, AND A I M ADVISORS, INC.

[X] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.
26

[SUBMIT]

27
ProxyCard.Com
- --------------------------------------------------------------------------------

[BACK]

e-mail: [ ]

PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM GLOBAL GROWTH & INCOME FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

1. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION BY AND AMONG AIM

INVESTMENT FUNDS, ACTING ON BEHALF OF AIM GLOBAL GROWTH & INCOME FUND,
AIM INTERNATIONAL FUNDS, INC., ACTING ON BEHALF OF AIM GLOBAL GROWTH FUND,
AND A I M ADVISORS, INC.

[X] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.

Is this vote correct?

[BACK]

If you want to change your vote, use a "Back" button to return to the previous
page.
29

ProxyCard.Com
- --------------------------------------------------------------------------------

Your vote has been submitted.

If you would like to vote another proxy, enter a control number below:

[ ]

[SUBMIT]
30
PROXY INFORMATION

Please select one of the funds from the menu below to read answers to common
questions regarding your fund's proxy vote, to view Prospectuses and to access
the Annual Reports.

[DROP-DOWN MENU SELECTION BOX]

- --------------------------------------------------------------------------------
WAYS TO VOTE

You may cast your vote by any of the following methods.

BY INTERNET

https://www.proxycard.com/aim2 to vote with respect to the
May 31, 2000 Shareholder Meeting.

Enter the 12-digit control number listed on the proxy card
you received in the mail, then follow the instructions on
the website.

BY MAIL

[MAILBOX GRAPHIC] Complete and sign the proxy card and return it in the
postage-paid envelope provided in the shareholder mailing.

BY TELEPHONE

[TELEPHONE GRAPHIC] Call the appropriate toll free number (determined by the
Shareholder meeting date indicated on your proxy statement).

Enter the 12-digit control number listed on the proxy card,
then follow the recorded instructions.

31
However you choose to vote, it is important that you vote now to save the
expense of additional solicitations.

IF YOU HAVE ANY QUESTIONS...

32
AIM GLOBAL GOVERNMENT INCOME FUND

PROXY STATEMENT

PROSPECTUS

ANNUAL REPORT

BACK TO PROXY INFORMATION

ONLINE PROXY VOTING

QUESTIONS & ANSWERS

o General Questions & Answers

o Proposal to Reorganize AIM Global Government Income Fund into AIM
Global Income Fund

- --------------------------------------------------------------------------------

We encourage you to read the proxy statement in full; however, the following
represent some typical questions that shareholders may have regarding the proxy
statement.

GENERAL QUESTIONS & ANSWERS

o How do I vote?

o Why did I receive multiple proxies?

o How does the board recommend that I vote?

o Why should I vote?

o Has AIM contracted for the services of a proxy solicitor?

o Will my vote be confidential using the online proxy voting system?

o How do I sign the proxy card?

o What is the deadline for voting?

HOW DO I VOTE?

Voting may take place in the following ways:

o You may indicate your vote on the proxy card and return it in the
postage-paid envelope provided in the shareholder mailings.

o You may attend the meeting in person and vote your shares there.

Back to Questions

WHY DID I RECEIVE MULTIPLE PROXIES?

Back to Questions

HOW DOES THE BOARD RECOMMEND THAT I VOTE?

The board recommends that you vote FOR all the proposals on the proxy card.

Back to Questions

WHY SHOULD I VOTE?

Back to Questions

HAS AIM CONTRACTED FOR THE SERVICES OF A PROXY SOLICITOR?

Back to Questions

WILL MY VOTE BE CONFIDENTIAL USING THE ONLINE PROXY VOTING SYSTEM?

The Web proxy voting system offered by Proxycard.com maintains a high level of
security to ensure the confidentiality of your vote. Security features include:

o SECURE SOCKETS LAYER (SSL) - A security measure that encrypts all
information that travels between ProxyCard.com's Web server and the
shareholder's computer.

Back to Questions

HOW DO I SIGN THE PROXY CARD?

(DOES NOT APPLY IF VOTING BY PHONE OR INTERNET)

o INDIVIDUAL ACCOUNTS: Shareholders should sign exactly as their names
appear in the account registration shown on the proxy card.

o JOINT ACCOUNTS: All joint owners should sign exactly as their names
appear in the registration.

o ALL OTHER ACCOUNTS: The person signing must indicate his or her
capacity. For example, if Jane A. Doe is a trustee for a trust or
other entity, she should sign, "Jane A. Doe, Trustee."

Back to Questions

WHAT IS THE DEADLINE FOR VOTING?

All votes must be received before or at the Shareholder Meeting, which will be
held at 3:00 P.M. Central time May 31, 2000.

Back to Questions | Back To Top

- --------------------------------------------------------------------------------
PROPOSAL TO REORGANIZE AIM GLOBAL GOVERNMENT INCOME FUND INTO AIM GLOBAL INCOME
FUND

o What am I being asked to vote on?

o Why is this reorganization being proposed?

o Where can I find more information concerning this proposed
reorganization?

o Will there be any tax consequences as a result of this reorganization?

o How does the board recommend that I vote on this proposal?

WHAT AM I BEING ASKED TO VOTE ON?

You are being asked to approve the combination of AIM Global Government Income
Fund with AIM Global Income Fund by transferring all of the assets of AIM
Global Government Income Fund to AIM Global Income Fund.

Back to Questions

WHY IS THIS REORGANIZATION BEING PROPOSED?

The fund's board and AIM believe that combining the two funds will

benefit shareholders of AIM Global Government Income Fund.

o The two funds have similar investment objectives and follow similar
policies to achieve their objectives.

o AIM Global Income Fund has superior performance compared to AIM Global
Government Income Fund.

o After the reorganization, the operating expense ratio of AIM Global
Income Fund is expected to be lower than the operating expense ratio
of AIM Global Government Income Fund.

(You may visit our website at www.aimfunds.com if you would like to review fund
performance information.)

Back to Questions

WHERE CAN I FIND MORE INFORMATION CONCERNING THIS PROPOSED REORGANIZATION?

Further details can be found in the section of the proxy statement titled
"Synopsis."

Back to Questions

WILL THERE BE ANY TAX CONSEQUENCES AS A RESULT OF THIS REORGANIZATION?

The reorganization has been structured as a tax-free transaction.

Back to Questions

HOW DOES THE BOARD RECOMMEND THAT I VOTE ON THIS PROPOSAL?

The board recommends that you vote FOR this proposal.

Back to Questions | Back To Top

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INVESTMENT PRODUCTS OFFERED ARE: NOT FDIC-INSURED MAY LOSE VALUE NO BANK GUARANTEE

A I M DISTRIBUTORS, INC. 4/2000

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via the internet. To vote your shares, follow these four easy steps:

1. Review the proxy statement you received in the mail.

2. Enter the control number printed on your proxy card below.

3. Complete your internet proxy card and submit your vote. Don't forget to
click the "this vote is correct" button.

4. Print or save a copy of your confirmation for your records. You may also
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individually.

Enter a control number below (printed on your proxy card):

[0349]

[SUBMIT]
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PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM GLOBAL GOVERNMENT INCOME FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD
MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" EACH PROPOSAL.

1. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION BY AND AMONG AIM
INVESTMENT FUNDS, ACTING ON BEHALF OF AIM GLOBAL GOVERNMENT INCOME
FUND, AIM INTERNATIONAL FUNDS, INC., ACTING ON BEHALF OF AIM GLOBAL
GROWTH FUND, AND A I M ADVISORS, INC.

[ ] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.
38

[SUBMIT]

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PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM GLOBAL GOVERNMENT INCOME FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD
MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

[X] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.
40

[SUBMIT]

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[BACK]

e-mail: [ ]

PROXY STATEMENT (ADOBE ACROBAT READER REQUIRED)

PROXY SOLICITED BY THE BOARD OF TRUSTEES OF

AIM GLOBAL GOVERNMENT INCOME FUND

(A PORTFOLIO OF AIM INVESTMENT FUNDS)

PROXY FOR SPECIAL MEETING OF SHAREHOLDERS TO BE HELD MAY 31, 2000

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES. THE TRUSTEES
RECOMMEND VOTING "FOR" THE PROPOSAL.

1. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION BY AND AMONG AIM
42
INVESTMENT FUNDS, ACTING ON BEHALF OF AIM GLOBAL GOVERNMENT INCOME FUND, AIM
INTERNATIONAL FUNDS, INC., ACTING ON BEHALF OF AIM GLOBAL GROWTH FUND, AND
A I M ADVISORS, INC.

[X] FOR

[ ] AGAINST

[ ] ABSTAIN

2. IN THE DISCRETION OF SUCH PROXIES, UPON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE MEETING OR ANY ADJOURNMENT THEREOF.

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