January 2006 PROXY
UPDATE
----------------------
[AIM INVESTMENTS LOGO APPEARS HERE] NEWS ABOUT AIM PROXIES
--Registered Trademark--
Important Information About AIM Fund Proxies Your Clients will Receive in
January Regarding:
o AIM Aggressive Growth Fund o AIM Mid Cap Growth Fund
o AIM Weingarten Fund o AIM Small Company Growth Fund
o AIM Blue Chip Fund o AIM Premier Equity Fund
AIM Investments announced in November 2005 that the Board of Trustees of each of
the applicable funds listed above had approved the reorganization of six AIM
funds. The reorganizations are expected to be completed in March 2006, pending
shareholder approval. Information about the proxies can be found on
AIMinvestments.com.
Proxies will be mailed on or about Jan. 12, 2006, to registered
shareholders (of record as of Dec. 2, 2005) of the six AIM funds listed above.
This Proxy Update describes the rationale for the proposed reorganizations and
is intended to help you answer questions from your clients.
Shareholders who own multiple funds may receive multiple proxies.
Though they look very similar, these are not duplicates. It is important that
shareholders vote every proxy they receive. If AIM does not receive sufficient
votes to obtain a quorum, it may be necessary to send a second mailing and
postpone the shareholder meeting.
Prior to the completion of shareholder approved reorganizations, a fund
may pay a final distribution.
Questions and Answers
Information regarding the proposed reorganizations including the potential
benefits of and reasons for the proposed reorganizations is outlined in the
following questions and answers.
What are the potential benefits of the proposed reorganizations?
o The larger combined asset base of each acquiring fund after
the reorganizations may help the fund to achieve operating
efficiencies, thereby reducing expenses as a percentage of net
assets.
o The proposed reorganizations of AIM Aggressive Growth Fund,
AIM Blue Chip Fund, AIM Mid Cap Growth Fund, AIM Small Company
Growth Fund and AIM Weingarten Fund are part of an effort to
consolidate the AIM growth fund offerings.
continued on next page
To avoid phone calls from the proxy solicitation service, please
urge your clients to vote as soon as possible.
1 YOUR GOALS.
OUR SOLUTIONS.
[AIM INVESTMENTS LOGO APPEARS HERE]
--Registered Trademark--
FOR INSTITUTIONAL INVESTOR ONLY
o The proposed reorganization of AIM Premier Equity Fund is part
of an effort to consolidate AIM's large-cap core fund
offerings.
o Each of the reorganizations will be structured as a tax-free
reorganization, and no sales charges will be imposed in
connection with the reorganizations.
What are the proposed reorganizations?
<Table>
<Caption>
Existing Fund Acquiring Fund
AIM Aggressive Growth Fund AIM Constellation Fund
AIM Weingarten Fund AIM Constellation Fund
AIM Blue Chip Fund AIM Large Cap Growth Fund
AIM Mid Cap Growth Fund AIM Dynamics Fund
AIM Small Company Growth Fund AIM Small Cap Growth Fund
AIM Premier Equity Fund AIM Charter Fund
</Table>
Solicitation Process
AIM offers your clients a variety of ways to vote. The Shareholder Meeting will
be held in Houston on Feb. 28, 2006. AIM has retained Management Information
Services (MIS), a professional proxy solicitor, to assist with the solicitation.
MIS may begin calling your clients who have not voted to remind them to vote. To
avoid such phone calls, we suggest you urge your clients to vote early, as each
vote is important.
<Table>
How to Vote: How to Vote:
AIM Registered Shareholders Brokers' Clients Whose Mailings Are
Distributed by ADP
By Phone: (with a customer service
representative) Registered (Example: Networking Level 3
shareholders can vote by calling Accounts)
888-684-2426. Note that your clients
cannot vote by calling AIM Investment By Phone: (with a customer service
Services. Please be aware that representative) Nonobjecting
shareholders voting by telephone will beneficial owners (NOBOs) can vote by
be asked several questions for calling 888-684-2426. Note that your
identification purposes, including clients cannot vote by calling AIM
their current address and zip code. Investment Services. Please be aware
that shareholders voting by telephone
By Phone: (using the 24-hour will be asked several questions for
automated system) Registered identification purposes, including
shareholders can vote through an their current address and zip code.
automated touch-tone voting system by
calling 888-221-0697. Your clients By Phone: (using the 24-hour
will be prompted to enter the control automated system) NOBOs can vote by
number printed on their proxy calling 800-454-8683. Your clients
card(s). will be prompted to enter the control
number printed on their proxy
By Mail: Registered shareholders can card(s).
vote through the mail by returning
their proxy card(s) in the By Mail: Registered shareholders can
postage-paid envelope provided in the vote through the mail by returning
proxy mailing. their proxy card(s) in the
postage-paid envelope provided in the
By Internet: Registered shareholders proxy mailing.
can vote via AIMinvestments.com,
where they will be directed to a By Internet: Shareholders can vote on
voting area. Shareholders will then proxyvote.com by following the
be prompted to enter the control instructions provided in the proxy
number printed on their proxy card(s) mailing.
and will be able to review the proxy
statement and immediately cast their
vote for each proposal.
</Table>
Additional Information
For more detailed information on the proposed reorganizations you and your
clients may visit our Web site at AIMinvestments.com. Your clients are
encouraged to vote via our Web site. Please contact your internal wholesaler if
you have additional questions.
<Table>
Financial Dealer Division (FDD) Independent Financial Advisor Division (IFAD)
800-952-3502 800-337-4246
</Table>
FOR INSTITUTIONAL INVESTOR USE ONLY
THIS MATERIAL IS FOR INSTITUTIONAL INVESTOR USE ONLY AND MAY NOT BE QUOTED,
REPRODUCED OR SHOWN TO THE PUBLIC, NOR USED IN WRITTEN FORM AS SALES LITERATURE
FOR PUBLIC USE.
CONSIDER THE INVESTMENT OBJECTIVES, RISKS, AND CHARGES AND EXPENSES
CAREFULLY. FOR THIS AND OTHER INFORMATION ABOUT AIM FUNDS, OBTAIN A PROSPECTUS
FROM AIMINVESTMENTS.COM. INVESTORS SHOULD READ IT CAREFULLY BEFORE INVESTING.
Note: Not all products available through all firms.
AIMinvestments.com PXY-FLY-1 01/06