AIM Investments(R) Launches AIM Independence Funds

  
    
  
  
    
      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.