AIM Select Real Estate Income Fund Board of Trustees Declares Fund Dividends for 3Q 2005

The Board of Trustees for AIM Select Real Estate Income
Fund (NYSE:RRE) has declared its monthly dividends for the third
quarter of 2005.
   A dividend of $0.1030 per share will be paid each month of the
third quarter of 2005 as follows: For July, the dividend will be
payable on July 28, 2005, for fund shareholders of record on July 19,
2005. In August, the dividend will be payable on August 30, 2005, for
fund shareholders of record on August 17, 2005. In September, the
dividend will be payable on September 29, 2005, for fund shareholders
of record on September 19, 2005.
   Dividends and distributions from AIM Select Real Estate Income
Fund are generally subject to Federal income taxes. In addition,
monthly dividends for the fund may later be characterized as a return
of capital and/or capital gains depending on the character of the
dividend reported to the fund after year-end by real estate investment
trusts (REITs) whose securities are held by the fund.

   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 INVESCO Institutional

   INVESCO Institutional (N.A.), Inc. is the North American
institutional division of AMVESCAP PLC. It is registered as an
investment adviser with the SEC and subadviser to AIM Select Real
Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate
division of INVESCO Institutional, commenced operations in 1983 and,
together with its affiliates, managed or provided advisory services on
more than $20 billion in private real estate and publicly traded real
estate securities as of March 31, 2005. For more information, visit
www.institutional.invesco.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 $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.