AVZ Amvescap

AIM Investments announced that Kirk L. Anderson becomes lead portfolio manager of AIM Blue Chip Fund, effective today. Mr. Anderson replaces Monika H. Degan, who will retire from AIM on July 15, 2005, to pursue personal interests. Mr. Anderson has been part of the management team of AIM Blue Chip Fund since being promoted to portfolio manager in 2003. He joined AIM in 1994 and became an equity analyst in 1997, working on the Large Cap Growth Team, which helped support AIM Blue Chip Fund. Mr. Anderson will continue to be supported by the Large Cap Growth Team. More information about Mr. Anderson and the Large Cap Growth Team may be found on the Management Teams page (http://www.aiminvestments.com/generic/0,,1041_10279,00.html) of AIMinvestments.com. The fund's investment objective and strategy will not change and the fund will continue to maintain a conservative growth strategy. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It 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. Founded in 1976, AIM Investments had $131 billion in assets under management as of March 31, 2005. 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 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 $375 billion in assets under management as of March 31, 2005, is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other important information about any AIM fund, please obtain a prospectus from your financial advisor and read it carefully before investing. A I M Distributors, Inc., Distributor