AIM Announces Changes to The AIM College Savings Plan.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 1, 2002 A I M Management Group Inc. (AIM) announced today the inclusion of 14 individual fund portfolios as investment options and a corporate automatic investment program among changes being made to The AIM College Savings Plan(SM), effective Oct. 8, 2002. In addition to the original lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. of three fixed-allocation portfolios - Aggressive Growth, Growth and Balanced - and seven enrollment-based portfolios, investors can now choose among a more diverse lineup, which includes individual fund portfolios invested in some of AIM's equity and fixed-income mutual funds. Being added as investment options are AIM Aggressive Growth Fund 529 Portfolio, AIM Basic Value Fund 529 Portfolio, AIM Blue Chip Fund 529 Portfolio, AIM Capital Development Fund 529 Portfolio, AIM Constellation Constellation, ship Constellation (kŏnstĭlā`shən), U.S. frigate, launched in 1797. It was named by President Washington for the constellation of 15 stars in the U.S. flag of that time. Fund 529 Portfolio, AIM Intermediate Government Fund 529 Portfolio, AIM International Core Equity Fund 529 Portfolio, AIM International Growth Fund 529 Portfolio, AIM Large Cap Growth Fund 529 Portfolio, AIM Large Cap Basic Value Fund 529 Portfolio, AIM Mid Cap Core Equity Fund 529 Portfolio, AIM Money Market Fund 529 Portfolio, AIM Premier Equity Fund 529 Portfolio, and AIM Small Cap Growth Fund 529 Portfolio. To complement the availability of these individual funds in the plan, the new corporate automatic investment program will allow employers to offer the AIM College Savings Plan to employees with a convenient online enrollment process. Also, AIM is eliminating the $50 fee for non-qualified withdrawals. "The marketplace for 529 plans has become increasingly competitive and we believe these new features give AIM and the State of Nebraska Nebraska (nəbrăs`kə), Great Plains state of the central United States. It is bordered by Iowa and Missouri, across the Missouri R. (E), Kansas (S), Colorado (SW), Wyoming (NW), and South Dakota (N). a program that provides investors easier access to a 529 plan and ample options to meet their investment objectives," said Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. J. Cemo, president and chief executive officer of A I M Distributors, Inc., AIM's retail-marketing subsidiary. The AIM College Savings Plan is available in all 50 states and sponsored by the state of Nebraska; the Nebraska State Treasurer Noun 1. state treasurer - the treasurer for a state government financial officer, treasurer - an officer charged with receiving and disbursing funds , Lorelee Byrd, serves as Trustee; and Union Bank & Trust Company serves as the Program Manager. Information on The AIM College Savings Plan is available by calling your financial advisor or visiting AIM's Web site at www.aimfunds.com. About AIM Houston-based AIM is one of the nation's leading investment management companies. It is dedicated to providing its clients with high-quality products and service through multiple investment management styles and a broad product range of retail equity, fixed-income, and money market funds, institutional portfolios, and separately managed accounts for high-income high-in·come adj. Of or relating to individuals or groups, such as families, that are supported by or earn income considered high in comparison with that of the larger population: high-income taxpayers. individuals. Founded in 1976, AIM had approximately $135 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and more than 9 million shareholders as of June June: see month. 30, 2002. For more information, visit www.aimfunds.com. About AMVESCAP AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $364 billion in assets under management as of June 30, 2002. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: On July 1, 2002, the AIM International Value Fund was renamed AIM International Core Equity Fund; AIM International Equity Fund was renamed AIM International Growth Fund; AIM Mid Cap Equity Fund was renamed AIM Mid Cap Core Equity Fund; and AIM Value Fund was renamed AIM Premier Equity Fund. Investors in the plan do not hold shares of the underlying AIM funds directly, but rather shares in a portfolio of the plan. For more complete information about The AIM College Savings Plan, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, please obtain the Enrollment Handbook
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A I M Distributors, Inc., Distributor. |
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