EX-99.77Q1 OTHR EXHB 5 e77q1e.txt SUB-ITEM 77Q1(e) MEMORANDUM OF AGREEMENT This Memorandum of Agreement is entered into as of the date indicated on Exhibit "A" between AIM Advisor Funds, AIM Equity Funds, AIM Funds Group, AIM International Funds, Inc., AIM Investment Securities Funds, AIM Summit Fund, AIM Tax-Exempt Funds, AIM Variable Insurance Funds, Short-Term Investments Co., Short-Term Investments Trust, and Tax-Free Investments Co. (each a "Company" and collectively, the "Companies"), on behalf of the portfolios listed on Exhibit "A" to this Memorandum of Agreement (the "Funds"), and A I M Advisors, Inc. ("AIM"). For and in consideration of the mutual terms and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Companies and AIM agree as follows: 1. Each Company, for itself and its Funds, and AIM agree that until the expiration date, if any, of the commitment set forth on the attached Exhibit "A" occurs, as such Exhibit "A" is amended from time to time, AIM will not charge any administrative fee under each Fund's advisory agreement in connection with securities lending activities. 2. Neither a Company nor AIM may remove or amend the fee waivers to a Company's detriment prior to requesting and receiving the approval of the Fund's Board to remove or amend such fee waiver as described on the attached Exhibit "A". AIM will not have any right to reimbursement of any amount so waived. Unless a Company, by vote of its Board of Directors/Trustees, or AIM terminates the fee waiver, or a Company and AIM are unable to reach an agreement on the amount of the fee waiver to which the Company and AIM desire to be bound, the fee waiver will continue indefinitely with respect to such Company. Exhibit "A" will be amended to reflect the new date through which a Company and AIM agree to be bound. Nothing in this Memorandum of Agreement is intended to affect any other memorandum of agreement executed by any Company or AIM with respect to any other fee waivers, expense reimbursements and/or expense limitations IN WITNESS WHEREOF, each Company, on behalf of itself and its Funds listed in Exhibit "A" to this Memorandum of Agreement, and AIM have entered into this Memorandum of Agreement as of the date written above. AIM ADVISOR FUNDS AIM EQUITY FUNDS AIM FUNDS GROUP AIM INTERNATIONAL FUNDS, INC. AIM INVESTMENT SECURITIES FUNDS AIM SUMMIT FUND AIM TAX-EXEMPT FUNDS AIM VARIABLE INSURANCE FUNDS 1 SHORT-TERM INVESTMENTS CO. SHORT-TERM INVESTMENTS TRUST TAX-FREE INVESTMENTS CO. By: /s/ Robert H. Graham --------------------------- Title: President ------------------------ A I M ADVISORS, INC. By: /s/ Robert H. Graham --------------------------- Title: President ------------------------ 2 As revised December 27-28, 2001 EXHIBIT "A" ----------- AIM ADVISOR FUNDS
FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM International Value Fund September 11, 2000 AIM Real Estate Fund September 11, 2000 AIM EQUITY FUNDS FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM Aggressive Growth Fund June 21, 2000 AIM Blue Chip Fund June 21, 2000 AIM Capital Development Fund June 21, 2000 AIM Charter Fund June 21, 2000 AIM Constellation Fund June 21, 2000 AIM Core Strategies Fund December 28, 2001 AIM Dent Demographic Trends Fund June 21, 2000 AIM Emerging Growth Fund June 21, 2000 AIM Large Cap Basic Value Fund June 21, 2000 AIM Large Cap Core Fund December 28, 2001 AIM Large Cap Growth Fund June 21, 2000 AIM Mid Cap Growth Fund June 21, 2000 AIM Weingarten Fund June 21, 2000 AIM FUNDS GROUP FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM Balanced Fund June 1, 2000 AIM Basic Balanced Fund September 28, 2001 AIM European Small Company Fund August 30, 2000 AIM Global Utilities Fund June 1, 2000 AIM International Emerging Growth Fund August 30, 2000 AIM Mid Cap Basic Value Fund December 27, 2001 AIM New Technology Fund August 30, 2000 AIM Select Equity Fund June 1, 2000 AIM Small Cap Equity Fund August 30, 2000 AIM Value Fund June 1, 2000 AIM Value II Fund August 30, 2000 AIM Worldwide Spectrum Fund December 27, 2000 AIM INTERNATIONAL FUNDS, INC. FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM Asian Growth Fund June 21, 2000 AIM European Development Fund June 21, 2000 AIM Global Aggressive Growth Fund June 21, 2000
-------- * Committed until the Company or AIM requests and receives the approval of the Company's Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Fund. A-1 AIM INTERNATIONAL FUNDS, INC. (CONTINUED)
FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM Global Growth Fund June 21, 2000 AIM Global Income Fund June 21, 2000 AIM International Equity Fund June 21, 2000 AIM INVESTMENT SECURITIES FUNDS FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM High Yield Fund II June 1, 2000 AIM High Yield Fund June 1, 2000 AIM Income Fund June 1, 2000 AIM Intermediate Government Fund June 1, 2000 AIM Limited Maturity Treasury Fund June 1, 2000 AIM Money Market Fund June 1, 2000 AIM Municipal Bond Fund June 1, 2000 AIM Total Return Bond Fund December 28, 2001 AIM SUMMIT FUND FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM Summit Fund July 24, 2000 AIM TAX-EXEMPT FUNDS FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM High Income Municipal Fund June 1, 2000 AIM Tax-Exempt Cash Fund June 1, 2000 AIM Tax-Free Intermediate Fund June 1, 2000 AIM VARIABLE INSURANCE FUNDS FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM V.I. Aggressive Growth Fund May 1, 2000 AIM V.I. Balanced Fund May 1, 2000 AIM V.I. Basic Value Fund September 10, 2001 AIM V.I. Blue Chip Fund May 1, 2000 AIM V.I. Capital Appreciation Fund May 1, 2000 AIM V.I. Capital Development Fund May 1, 2000 AIM V.I. Dent Demographic Trends Fund May 1, 2000 AIM V.I. Diversified Income Fund May 1, 2000 AIM V.I. Global Utilities Fund May 1, 2000 AIM V.I. Government Securities Fund May 1, 2000 AIM V.I. Growth Fund May 1, 2000 AIM V.I. Growth and Income Fund May 1, 2000 AIM V.I. High Yield Fund May 1, 2000 AIM V.I. International Equity Fund May 1, 2000 AIM V.I. Mid Cap Equity Fund September 10, 2001
-------- * Committed until the Company or AIM requests and receives the approval of the Company's Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Fund. A-2 AIM VARIABLE INSURANCE FUNDS (CONTINUED)
FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- AIM V.I. Money Market Fund May 1, 2000 AIM V.I. New Technology Fund May 1, 2000 AIM V.I. Value Fund May 1, 2000 SHORT-TERM INVESTMENTS CO. FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- Liquid Assets Portfolio June 1, 2000 Prime Portfolio June 1, 2000 SHORT-TERM INVESTMENTS TRUST FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- Government & Agency Portfolio June 1, 2000 Government TaxAdvantage Portfolio June 1, 2000 Treasury Portfolio June 1, 2000 TAX-FREE INVESTMENTS CO. FUND EFFECTIVE DATE COMMITTED UNTIL* ---- -------------- ---------------- Cash Reserve Portfolio June 1, 2000
-------- * Committed until the Company or AIM requests and receives the approval of the Company's Board to remove or amend such fee waiver. Such commitments are evergreen until amended and apply to each Fund. A-3