AIM Investments(R) Announces Availability of March Portfolio Information for AIM Select Real Estate Income Fund; Fund Management Team Discloses Shares Repurchased in 1Q.

HOUSTON -- AIM Investments announced today that March portfolio information for AIM Select Real Estate Income Fund (NYSE:RRE), AIM's closed-end real estate fund, is now available upon request.

Additionally, the fund repurchased 292,700 shares during the first quarter of 2006.

"During the quarter, the fund repurchased shares at an average price of $16.18 per share," said Joe Rodriguez, lead manager of AIM Select Real Estate Income Fund. "This share repurchase is part of the overall strategy to consistently look for ways to enhance shareholder value."

Fund information may be obtained by accessing www.aiminvestments.com/rre, by calling 800-959-4246 or by writing to A I M Management Group Inc., 11 Greenway Plaza, Suite 100, Houston, Texas 77046-1173. Besides the daily pricing and performance data, information for AIM Select Real Estate Income Fund is updated on or about the 15th day of each month.

About AIM Investments

AIM Investments is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., and AIM Private Asset Management, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments.

About INVESCO Institutional

INVESCO Institutional (N.A.), Inc. is the principal adviser in the North American institutional division of AMVESCAP PLC. It is registered as an investment adviser with the SEC and is the subadviser to AIM Select Real Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate division of INVESCO Institutional, commenced operations in 1983. For more information, visit www.invescorealestate.com.

About AMVESCAP

A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for clients around the world. The Company, which had approximately $411 billion in assets under management as of March 31, 2006, is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com.