Subject: File No. S7-38-04

January 25, 2005

• Internet roadshows are a critical tool for researching and evaluating initial public offerings.
• Not all companies travel to Houston, Texas when going public and Internet roadshows help us level the playing field with New York and Boston accounts.
• Our travel budget does not allow for traveling to every single roadshow meeting. The Internet, however, offers a much more efficient use of time and resources in order to research companies and conduct due diligence.
• Do not change our access to Internet roadshows or the slides contained within these presentations. Give us more access- not less. We want to be able to print the slides from Internet roadshows.

Kellie K. Veazey, CFA
Head of Global Equity Syndicate Trading
AIM Investments