CORRECTING and REPLACING AIM Investments Announces Reorganization Approval for Seven Funds and Related Matters

Changes have been made to the fund management teams of
the acquiring funds.

   The corrected release reads:

   AIM INVESTMENTS ANNOUNCES REORGANIZATION APPROVAL FOR SEVEN FUNDS
AND RELATED MATTERS

   AIM Investments(R) announced that the proposed reorganizations of
seven funds have been approved by shareholders of the respective
funds.
   Below is a list of the fund reorganizations that are expected to
be completed on or about July 18, 2005. Each of the seven "existing"
funds listed will be closed to new investors at the completion of
business on July 5, 2005.
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  Existing Fund       Acquiring Fund            Acquiring Fund
                                             Fund Management Team
----------------------------------------------------------------------
AIM Balanced Fund    AIM Basic          Bret W. Stanley (Lead), R.
                     Balanced Fund      Canon Coleman II, Jan H.
                                        Friedli, Scot W. Johnson,
                                        Matthew W. Seinsheimer,
                                        Michael J. Simon
                                        (assisted by the Basic Value
                                        and Investment Grade Teams)
----------------------------------------------------------------------
AIM Core Stock       AIM Diversified    Meggan M. Walsh
Fund                 Dividend Fund      (assisted by the Diversified
                                        Dividend Team)
----------------------------------------------------------------------
AIM Emerging Growth  AIM Aggressive     Jay K. Rushin (Lead)
Fund                 Growth Fund        (assisted by the Aggressive
                                        Growth Team)
----------------------------------------------------------------------
AIM Health Sciences  AIM Global Health  Michael Yellen (Lead), Kirk L.
Fund                 Care Fund          Anderson, Sunaina Murthy,
                                        Derek M. Taner, Bryan A.
                                        Unterhalter
----------------------------------------------------------------------
AIM Libra Fund       AIM Aggressive     Jay K. Rushin (Lead)
                     Growth Fund        (assisted by the Aggressive
                                        Growth Team)
----------------------------------------------------------------------
AIM Mid Cap Stock    AIM Capital        Paul J. Rasplicka (Lead)
Fund                 Development Fund   (assisted by the Mid Cap
                                        Growth/GARP team)
----------------------------------------------------------------------
AIM Total Return     AIM Basic          Bret W. Stanley (Lead), R.
Fund                 Balanced Fund      Canon Coleman II, Jan H.
                                        Friedli, Scot W. Johnson,
                                        Matthew W. Seinsheimer,
                                        Michael J. Simon
                                        (assisted by the Basic Value
                                        and Investment Grade Teams)
----------------------------------------------------------------------

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   The June 28, 2005, shareholder meeting was adjourned until 3 p.m.
CDT on June 30, 2005, at the same location in order to solicit
additional votes for another matter that was proposed to shareholders.
   Future adjournments, if any, will be posted on the Fund's Web
site, www.AIMinvestments.com, under "Proxy Voting."

   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.