QUESTIONS & ANSWERS FOR AIM FLOATING RATE 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/prospectus.

HOW DO I VOTE?
Voting may take place in the following ways:

     o   You may vote your shares at www.proxyweb.com unless your shares are
         held through a broker, in which case you may vote your shares at
         www.proxyvote.com. You will need the control number from your proxy
         card to vote on the Internet. Because Internet voting is the most
         economical way to vote your proxy, we encourage all shareholders to use
         this method.

     o   You may call in your vote to a 24-hour automated system at
         1-888-221-0697. You will need the control number from your proxy card
         to vote by telephone. For questions or to vote through a customer
         service representative you may call 1-888-684-2426; you will be asked
         to verify your identity such as your current address and ZIP code.

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

     o   If you do attend the meeting, you may vote your shares in person.
         Please notify AIM Investments at 1-800-952-3502 if you plan to attend
         the meeting.

HOW DOES THE BOARD RECOMMEND THAT I VOTE?
The Board, including the independent trustees, unanimously recommends that you
vote FOR the proposal on the proxy card.

WHY SHOULD I VOTE?
Every vote is important. If shareholders fail to vote their proxies, the fund
may not receive enough votes to go forward with the April 11, 2006, shareholder
meeting. If this happens, additional solicitations may have to be made to obtain
a quorum, or proxies may have to be resent to shareholders.

HAS AIM CONTRACTED FOR THE SERVICES OF A PROXY SOLICITOR?
Yes, AIM has hired Management Information Services 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.

WILL MY VOTE BE CONFIDENTIAL USING THE ONLINE PROXY VOTING SYSTEM?
The Web proxy voting system offered by proxyweb.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 proxyweb.com's Web server and the
         shareholder's computer.

     o   CONTROL NUMBER -- Each shareholder is required to enter his or her
         control number. Proxyweb.com verifies the number and presents the
         holder with the proxy card.

     o   FIREWALL -- To protect the confidentiality of your account records,
         proxyweb.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 remains behind our firewall.


HOW DO I SIGN THE PROXY CARD?
The following general rules for signing proxy cards may be of assistance to you
and could help avoid the time and expense involved in validating your vote if
you fail to sign your proxy card properly.

Individual Accounts: Shareholders should sign exactly as their name appears in
the account registration shown on the proxy card.

Joint Accounts: All joint owners should sign exactly as their names appear in
the account registration shown on the proxy card.

All Other Accounts: The capacity of the individual signing the proxy card (for
example, "trustee") should be indicated unless it is reflected in the form of
registration. If a corporation, limited liability company, or partnership,
please sign full entity name and indicate the signer's position with the entity.

WHAT IS THE DEADLINE FOR VOTING?
All votes must be received before or at the Shareholder Meeting, which will be
held on April 11, 2006, at 3:00 p.m. Central Time.

WHAT IS THE PROPOSAL BEING PRESENTED AT THE MEETING AND WHAT AM I BEING ASKED TO
VOTE ON?

     o   You are being asked to vote on the approval of an Agreement and Plan of
         Reorganization which provides for the conversion of AIM Floating Rate
         Fund, a closed-end interval fund, into an open-end fund.

WHERE CAN I FIND MORE INFORMATION CONCERNING THE PROPOSAL?
Further details about the proposal can be found in the proxy statement.