AIM Announces Reopening of Opportunities Funds.

Business Editors

HOUSTON--(BUSINESS WIRE)--Sept. 16, 2002

A I M Advisors, Inc., the investment advisory subsidiary of A I M Management Group Inc. (AIM), announced today that the AIM Opportunities I Fund, AIM Opportunities II Fund and AIM Opportunities III Fund will reopen to all investors, effective at 9:30 a.m. EDT, Oct. 1, 2002.

AIM Opportunities I Fund (formerly AIM Small Cap Opportunities Fund) has been closed to new investors since Nov. 4, 1999, while AIM Opportunities II Fund (formerly AIM Mid Cap Opportunities Fund) and AIM Opportunities III Fund (formerly AIM Large Cap Opportunities Fund) have been closed since March 21, 2000, and Sept. 29, 2000, respectively.

The minimum purchase for new investors in each fund will be $10,000 with subsequent investments of $1,000.

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 individuals. Founded in 1976, AIM had approximately $135 billion in assets under management and more than 9 million shareholders as of June 30, 2002. For more information, visit www.aimfunds.com.

About AMVESCAP

AIM is an indirect subsidiary of AMVESCAP PLC (NYSE: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: For more complete information about any AIM Fund, including sales charges and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. For more information about AIM, visit our Web site: http://www.aimfunds.com.

A I M Distributors, Inc., Distributor.