AVZ Amvescap

AIM Investments has launched the AIM Independence Funds, a series of six target-date maturity portfolios that are the first in the industry to combine actively managed mutual funds and intelligent, rather than market-cap weighted indexing. Each fund will offer investors broad asset class diversification, innovative portfolio construction, an affiliated multi-manager profile, and strategic institutional allocations. �By combining the power of AMVESCAP PLC�s distinct worldwide investment management capabilities, we can now offer a suite of funds with a unique blend of products and an unmatched level of diversified management to help investors build better portfolios for retirement,� said Philip Taylor, senior managing director and head of AMVESCAP�s North America Retail operations. The funds will use a core-plus-satellite construction using strategically selected PowerShares ETFs and AIM mutual funds, which are managed across eight AMVESCAP investment centers in the U.S., Canada and Europe. Each fund holds 15 to 21 underlying products, more than many other target maturity funds. The largest domestic core equity position in each of the funds has been assigned to the PowerShares FTSETM RAFI US 1000 Portfolio, named the ETF of 2006 by SmartMoney.com. SmartMoney.com considered performance results, expense ratio, and compelling strategy as the primary criteria for selecting the best ETF. The AIM Independence Funds� multi-manager approach allows the funds to achieve total management diversification and helps minimize the exposure and possible risk associated with single management teams. Additionally, the funds were designed using a strategic asset allocation strategy and are periodically rebalanced to maintain the target allocations. Fund Retirement Year AIM Independence Now Fund Retire before 2010 AIM Independence 2010 Fund 2010 � 2014� AIM Independence 2020 Fund 2015 � 2024� AIM Independence 2030 Fund 2025 � 2034� AIM Independence 2040 Fund 2035 � 2044� AIM Independence 2050 Fund 2045 � 2054� Risks of Investing in AIM Independence Funds New funds opened on Jan. 31, 2007 Principal risks Each fund�s investment performance depends on the investment performance of the underlying funds in which it invests. An investment in a fund, because it is a fund of funds, is subject to the risks associated with investments of the underlying funds in which the fund invests. Among the principal risks of investing in the funds and the underlying funds, which could adversely affect a fund�s net asset value, yield and total return, are: All AIM Independence Funds Fund of funds risk � Market risk � Growth investing risk � Market capitalization risk � Credit risk � Foreign securities risk � Derivatives risk � Repurchase agreement risk � Exchange-traded funds risk � Value investing risk � Equity securities risk � Interest rate risk � High yield risk � Developing markets securities risk � Leverage risk � Active trading risk Additional risks related to all funds except AIM Independence 2050 Fund U.S. government obligations risk � High-coupon U.S. government agency mortgage-backed securities risk Additional risks related to AIM Independence Now Fund, AIM Independence 2010 Fund and AIM Independence 2020 Fund Nondiversification risk � Prepayment risk � Floating rate loan risk � Currency/exchange rate risk Additional risks related to AIM Independence 2020 Fund, AIM Independence 2030 Fund, AIM Independence 2040 Fund and AIM Independence 2050 Fund Real estate risk Please see the �Investment Objective, Strategies and Risks� in the funds� prospectus for a description of these risks. There is a risk that you could lose all or a portion of your investment in a fund and that the income you may receive from your investment may vary. The value of your investment in a fund will rise and fall with the prices of the securities held by the underlying funds in which the fund invests. An investment in a fund is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. 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, exchange-traded 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 had approximately $153 billion in assets under management as of Jan. 31, 2007. 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 AMVESCAP is a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual, PowerShares and WL Ross & Co. brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of enduring investment solutions for our retail, institutional and private wealth management clients around the world. The company, which had approximately $469 billion in assets under management as of Jan. 31, 2007, 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.