EX-99.H119.E 153 h32997bpexv99wh119we.txt MEMORANDUM OF AGREEMENT MEMORANDUM OF AGREEMENT This Memorandum of Agreement is entered into as of the Effective Date on the attached exhibits (the "Exhibits"), between AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds, AIM Stock Funds, AIM Variable Insurance Funds, Short-Term Investments Trust and Tax-Free Investments Trust (each a "Trust" or, collectively, the "Trusts"), on behalf of the funds listed on the Exhibits to this Memorandum of Agreement (the "Funds"), and A I M Advisors, Inc. ("AIM"). This Memorandum of Agreement restates the Memorandum of Agreement dated January 1, 2006 between AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector Funds, AIM Stock Funds, AIM Variable Insurance Funds, Short-Term Investments Trust and Tax-Free Investments Trust. AIM shall and hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of its respective classes as applicable, severally and not jointly, as indicated in the attached Exhibits. 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 Trusts and AIM agree as follows: The Trusts and AIM agree at least until the date set forth on the attached Exhibits (the "Expiration Date") that AIM will waive its fees or reimburse expenses to the extent that expenses (excluding (i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary items; (v) expenses related to a merger or reorganization, as approved by the Funds' Board of Trustees; and (vi) expenses that each Fund has incurred but did not actually pay because of an expense offset arrangement, if applicable) of a class of a Fund exceed the rate, on an annualized basis, set forth on the Exhibits of the average daily net assets allocable to such class. The Board of Trustees and AIM may terminate or modify this Memorandum of Agreement prior to the Expiration Date only by mutual written consent. AIM will not have any right to reimbursement of any amount so waived or reimbursed. Each of the Trusts and AIM agree to review the then-current waivers or expense limitations for each class of each Fund listed on the Exhibits on a date prior to the Expiration Date to determine whether such waivers or limitations should be amended, continued or terminated. The waivers or expense limitations will expire upon the Expiration Date unless the Trust and AIM have agreed to continue them. The Exhibits will be amended to reflect any such agreement. It is expressly agreed that the obligations of each Trust hereunder shall not be binding upon any of the Trustees, shareholders, nominees, officers, agents or employees of the Trusts personally, but shall only bind the assets and property of each Fund, as provided in each Trust's Agreement and Declaration of Trust. The execution and delivery of this Memorandum of Agreement have been authorized by the Trustees of the Trusts, and this Memorandum of Agreement has been executed and delivered by an authorized officer of the Trusts acting as such; neither such authorization by such Trustees nor such execution and delivery by such officer shall be deemed to have been made by any of them individually or to impose any liability on any of them personally, but shall bind only the assets and property of the Funds, as provided in each Trust's Agreement and Declaration of Trust. 1 IN WITNESS WHEREOF, each of the Trusts and AIM have entered into this Memorandum of Agreement as of the Effective Date on the attached Exhibits. AIM COUNSELOR SERIES TRUST AIM EQUITY FUNDS AIM FUNDS GROUP AIM GROWTH SERIES AIM INTERNATIONAL MUTUAL FUNDS AIM INVESTMENT FUNDS AIM INVESTMENT SECURITIES FUNDS AIM SECTOR FUNDS AIM STOCK FUNDS AIM VARIABLE INSURANCE FUNDS SHORT-TERM INVESTMENTS TRUST TAX-FREE INVESTMENTS TRUST on behalf of the Funds listed in Exhibit "A" to this Memorandum of Agreement By: /s/ Robert H. Graham ---------------------------- Title: President ---------------------------- A I M Advisors, Inc. By: /s/ Mark H. Williamson ---------------------------- Title: President ---------------------------- 2 as of April 1, 2006 EXHIBIT "A" FUNDS WITH FISCAL YEAR END OF MARCH 31 AIM SECTOR FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Technology Fund(1) Class A Shares 1.55% July 1, 2005 June 30, 2007 Class B Shares 2.30% July 1, 2005 June 30, 2007 Class C Shares 2.30% July 1, 2005 June 30, 2007 Investor Class Shares 1.55% July 1, 2005 June 30, 2007 Institutional Class Shares 1.30% July 1, 2005 June 30, 2007 AIM Utilities Fund(1) Class A Shares 1.30% April 1, 2006 June 30, 2007 Class B Shares 2.05% April 1, 2006 June 30, 2007 Class C Shares 2.05% April 1, 2006 June 30, 2007 Investor Class Shares 1.30% April 1, 2006 June 30, 2007 Institutional Class Shares 1.05% April 1, 2006 June 30, 2007
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. FUNDS WITH FISCAL YEAR END OF JULY 31 AIM INVESTMENT SECURITIES FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Global Real Estate Fund(1) Class A Shares 1.40% July 1, 2005 July 31, 2006 Class B Shares 2.15% April 29, 2005 July 31, 2006 Class C Shares 2.15% April 29, 2005 July 31, 2006 Class R Shares 1.65% April 29, 2005 July 31, 2006 Institutional Class Shares 1.15% April 29, 2005 July 31, 2006 AIM Short Term Bond Fund(1) Class A Shares 0.85% July 1, 2005 July 31, 2006 Class C Shares 1.10%(2) February 1, 2006 July 31, 2006 Class R Shares 1.10% August 1, 2005 July 31, 2006 Institutional Class Shares 0.60% August 1, 2005 July 31, 2006 AIM Total Return Bond Fund(1) Class A Shares 1.15% July 1, 2005 July 31, 2006 Class B Shares 1.90% August 1, 2005 July 31, 2006 Class C Shares 1.90% August 1, 2005 July 31, 2006 Class R Shares 1.40% August 1, 2005 July 31, 2006 Institutional Class Shares 0.90% August 1, 2005 July 31, 2006
3 AIM STOCK FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Dynamics Fund(1) Class A Shares 1.90% July 1, 2005 July 31, 2006 Class B Shares 2.65% August 1, 2005 July 31, 2006 Class C Shares 2.65% August 1, 2005 July 31, 2006 Class R Shares 2.15% October 25, 2005 July 31, 2006 Investor Class Shares 1.90% August 1, 2005 July 31, 2006 Institutional Class Shares 1.65% August 1, 2005 July 31, 2006 AIM Small Company Growth Fund(1) Class A Shares 1.90% July 1, 2005 July 31, 2006 Class B Shares 2.65% August 1, 2005 July 31, 2006 Class C Shares 2.65% August 1, 2005 July 31, 2006 Class R Shares 2.15% October 25, 2005 July 31, 2006 Investor Class Shares 1.90% August 1, 2005 July 31, 2006 Institutional Class Shares 1.65% July 13, 2005 July 31, 2006 AIM S&P 500 Index Fund(1) Investor Class Shares 0.60% July 1, 2005 July 31, 2006 Institutional Class Shares 0.35% July 1, 2005 July 31, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. (2) The expense limit shown is the expense limit after Rule 12b-1 fee waivers by A I M Distributors, Inc. FUNDS WITH FISCAL YEAR END OF AUGUST 31 AIM COUNSELOR SERIES TRUST
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Multi-Sector Fund(1) Class A Shares 1.90% July 1, 2005 August 31, 2006 Class B Shares 2.65% September 1, 2005 August 31, 2006 Class C Shares 2.65% September 1, 2005 August 31, 2006 Institutional Class Shares 1.65% September 1, 2005 August 31, 2006 AIM Structured Core Fund Class A 1.00% March 31, 2006 June 30, 2007 Class B 1.75% March 31, 2006 June 30, 2007 Class C 1.75% March 31, 2006 June 30, 2007 Class R 1.25% March 31, 2006 June 30, 2007 Institutional Class 0.75% March 31, 2006 June 30, 2007 AIM Structured Growth Fund Class A 1.00% March 31, 2006 June 30, 2007 Class B 1.75% March 31, 2006 June 30, 2007 Class C 1.75% March 31, 2006 June 30, 2007 Class R 1.25% March 31, 2006 June 30, 2007 Institutional Class 0.75% March 31, 2006 June 30, 2007
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FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Structured Value Fund Class A 1.00% March 31, 2006 June 30, 2007 Class B 1.75% March 31, 2006 June 30, 2007 Class C 1.75% March 31, 2006 June 30, 2007 Class R 1.25% March 31, 2006 June 30, 2007 Institutional Class 0.75% March 31, 2006 June 30, 2007
FUNDS WITH FISCAL YEAR END OF OCTOBER 31 AIM EQUITY FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Diversified Dividend Fund(1) Class A Shares 1.40% November 1, 2005 October 31, 2006 Class B Shares 2.15% November 1, 2005 October 31, 2006 Class C Shares 2.15% November 1, 2005 October 31, 2006 Class R Shares 1.65% November 1, 2005 October 31, 2006 Investor Class Shares 1.40% November 1, 2005 October 31, 2006 Institutional Class Shares 1.15% November 1, 2005 October 31, 2006 AIM Large Cap Basic Value Fund(1) Class A Shares 1.22% July 1, 2005 October 31, 2006 Class B Shares 1.97% July 1, 2005 October 31, 2006 Class C Shares 1.97% July 1, 2005 October 31, 2006 Class R Shares 1.47% July 1, 2005 October 31, 2006 Investor Class Shares 1.22% July 1, 2005 October 31, 2006 Institutional Class Shares 0.97% July 1, 2005 October 31, 2006 AIM Large Cap Growth Fund(1) Class A Shares 1.32% July 1, 2005 October 31, 2006 Class B Shares 2.07% July 1, 2005 October 31, 2006 Class C Shares 2.07% July 1, 2005 October 31, 2006 Class R Shares 1.57% July 1, 2005 October 31, 2006 Investor Class Shares 1.32% July 1, 2005 October 31, 2006 Institutional Class Shares 1.07% July 1, 2005 October 31, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. 5 AIM INTERNATIONAL MUTUAL FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM International Core Equity Fund(1) Class A Shares 2.00% November 1, 2005 October 31, 2006 Class B Shares 2.75% November 1, 2005 October 31, 2006 Class C Shares 2.75% November 1, 2005 October 31, 2006 Class R Shares 2.25% November 1, 2005 October 31, 2006 Investor Class Shares 2.00% November 1, 2005 October 31, 2006 Institutional Class Shares 1.75% November 1, 2005 October 31, 2006
AIM INVESTMENT FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM China Fund Class A 2.05% March 31, 2006 June 30, 2007 Class B 2.80% March 31, 2006 June 30, 2007 Class C 2.80% March 31, 2006 June 30, 2007 Institutional Class 1.80% March 31, 2006 June 30, 2007 AIM Developing Markets Fund(1) Class A Shares 1.75% November 1, 2005 October 31, 2006 Class B Shares 2.50% November 1, 2005 October 31, 2006 Class C Shares 2.50% November 1, 2005 October 31, 2006 Institutional Class Shares 1.50% November 1, 2005 October 31, 2006 AIM Enhanced Short Bond Fund Class A 0.85% March 31, 2006 June 30, 2007 Class C 1.60% March 31, 2006 June 30, 2007 Class R 1.10% March 31, 2006 June 30, 2007 Institutional Class 0.60% March 31, 2006 June 30, 2007 AIM International Bond Fund Class A 1.10% March 31, 2006 June 30, 2007 Class B 1.85% March 31, 2006 June 30, 2007 Class C 1.855 March 31, 2006 June 30, 2007 Institutional Class 0.85% March 31, 2006 June 30, 2007 AIM Japan Fund Class A 1.70% March 31, 2006 June 30, 2007 Class B 2.45% March 31, 2006 June 30, 2007 Class C 2.455 March 31, 2006 June 30, 2007 Institutional Class 1.45% March 31, 2006 June 30, 2007 AIM Trimark Endeavor Fund(1) Class A Shares 1.90% November 1, 2005 October 31, 2006 Class B Shares 2.65% November 1, 2005 October 31, 2006 Class C Shares 2.65% November 1, 2005 October 31, 2006 Class R Shares 2.15% November 1, 2005 October 31, 2006 Institutional Class Shares 1.65% November 1, 2005 October 31, 2006
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FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Trimark Fund(1) Class A Shares 2.15% November 1, 2005 October 31, 2006 Class B Shares 2.90% November 1, 2005 October 31, 2006 Class C Shares 2.90% November 1, 2005 October 31, 2006 Class R Shares 2.40% November 1, 2005 October 31, 2006 Institutional Class Shares 1.90% November 1, 2005 October 31, 2006 AIM Trimark Small Companies Fund(1) Class A Shares 1.50% September 30, 2005 October 31, 2006 Class B Shares 2.25% September 30, 2005 October 31, 2006 Class C Shares 2.25% September 30, 2005 October 31, 2006 Class R Shares 1.75% September 30, 2005 October 31, 2006 Institutional Class Shares 1.25% September 30, 2005 October 31, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. FUNDS WITH FISCAL YEAR END OF DECEMBER 31 AIM FUNDS GROUP
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM European Small Company Fund(1) Class A Shares 1.90% January 1, 2006 December 31, 2006 Class B Shares 2.65% January 1, 2006 December 31, 2006 Class C Shares 2.65% January 1, 2006 December 31, 2006 AIM Global Value Fund(1) Class A Shares 1.90% January 1, 2006 December 31, 2006 Class B Shares 2.65% January 1, 2006 December 31, 2006 Class C Shares 2.65% January 1, 2006 December 31, 2006 Institutional Class Shares 1.65% January 1, 2006 December 31, 2006 AIM International Small Company Fund(1) Class A Shares 1.90% January 1, 2006 December 31, 2006 Class B Shares 2.65% January 1, 2006 December 31, 2006 Class C Shares 2.65% January 1, 2006 December 31, 2006 Institutional Class Shares 1.65% January 1, 2006 December 31, 2006
7 AIM GROWTH SERIES
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Global Equity Fund(1) Class A Shares 1.75% January 1, 2006 December 31, 2006 Class B Shares 2.50% January 1, 2006 December 31, 2006 Class C Shares 2.50% January 1, 2006 December 31, 2006 Class R Shares 2.00% January 1, 2006 December 31, 2006 Institutional Class Shares 1.50% January 1, 2006 December 31, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1 rate. 8 EXHIBIT "B" AIM GROWTH SERIES
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Conservative Allocation Fund Class A Shares Limit Other Expenses to 0.23% of average January 1, 2006 December 31, 2006 daily net assets Class B Shares Limit Other Expenses to 0.23% of average January 1, 2006 December 31, 2006 daily net assets Class C Shares Limit Other Expenses to 0.23% of average January 1, 2006 December 31, 2006 daily net assets Class R Shares Limit Other Expenses to 0.23% of average January 1, 2006 December 31, 2006 daily net assets Institutional Class Shares Limit Other Expenses to 0.23% of average January 1, 2006 December 31, 2006 daily net assets AIM Growth Allocation Fund Class A Shares Limit Other Expenses to 0.21% of average January 1, 2006 December 31, 2006 daily net assets Class B Shares Limit Other Expenses to 0.21% of average January 1, 2006 December 31, 2006 daily net assets Class C Shares Limit Other Expenses to 0.21% of average January 1, 2006 December 31, 2006 daily net assets Class R Shares Limit Other Expenses to 0.21% of average January 1, 2006 December 31, 2006 daily net assets Institutional Class Shares Limit Other Expenses to 0.21% of average January 1, 2006 December 31, 2006 daily net assets AIM Income Allocation Fund Class A Limit Other Expenses to 0.03% of average January 1, 2006 December 31, 2006 daily net assets Class B Limit Other Expenses to 0.03% of average January 1, 2006 December 31, 2006 daily net assets Class C Limit Other Expenses to 0.03% of average January 1, 2006 December 31, 2006 daily net assets Class R Limit Other Expenses to 0.03% of average January 1, 2006 December 31, 2006 daily net assets Institutional Class Limit Other Expenses to 0.03% of average January 1, 2006 December 31, 2006 daily net assets AIM International Allocation Fund Class A Limit Other Expenses to 0.18% of average October 31, 2005 December 31, 2006 daily net assets Class B Limit Other Expenses to 0.18% of average October 31, 2005 December 31, 2006 daily net assets Class C Limit Other Expenses to 0.18% of average October 31, 2005 December 31, 2006 daily net assets Class R Limit Other Expenses to 0.18% of average October 31, 2005 December 31, 2006 daily net assets Institutional Class Limit Other Expenses to 0.18% of average October 31, 2005 December 31, 2006 daily net assets
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FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM Moderate Allocation Fund Class A Shares Limit Other Expenses to 0.12% of average January 1, 2006 December 31, 2006 daily net assets Class B Shares Limit Other Expenses to 0.12% of average January 1, 2006 December 31, 2006 daily net assets Class C Shares Limit Other Expenses to 0.12% of average January 1, 2006 December 31, 2006 daily net assets Class R Shares Limit Other Expenses to 0.12% of average January 1, 2006 December 31, 2006 daily net assets Institutional Class Shares Limit Other Expenses to 0.12% of average January 1, 2006 December 31, 2006 daily net assets AIM Moderate Growth Allocation Fund Class A Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006 daily net assets Class B Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006 daily net assets Class C Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006 daily net assets Class R Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006 daily net assets Institutional Class Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006 daily net assets AIM Moderately Conservative Allocation Fund Class A Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006 daily net assets Class B Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006 daily net assets Class C Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006 daily net assets Class R Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006 daily net assets Institutional Class Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006 daily net assets
Other Expenses are defined as all normal operating expenses of the fund, excluding management fees and 12b-1 expenses. The expense limitation is subject to the exclusions as listed in the Memorandum of Agreement. 10 EXHIBIT "C" FUNDS WITH FISCAL YEAR END OF MARCH 31 TAX-FREE INVESTMENTS TRUST
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- Tax-Free Cash Reserve Portfolio(1,2) Cash Management Class 0.22% June 30, 2005 March 31, 2007 Corporate Class 0.22% June 30, 2005 March 31, 2007 Institutional Class 0.22% June 30, 2005 March 31, 2007 Personal Investment Class 0.22% June 30, 2005 March 31, 2007 Private Investment Class 0.22% June 30, 2005 March 31, 2007 Reserve Class 0.22% June 30, 2005 March 31, 2007 Resource Class 0.22% June 30, 2005 March 31, 2007
FUNDS WITH FISCAL YEAR END OF AUGUST 31 SHORT-TERM INVESTMENTS TRUST
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- Government & Agency Portfolio(1) Cash Management Class 0.12% June 30, 2005 August 31, 2006 Corporate Class 0.12% June 30, 2005 August 31, 2006 Institutional Class 0.12% June 30, 2005 August 31, 2006 Personal Investment Class 0.12% June 30, 2005 August 31, 2006 Private Investment Class 0.12% June 30, 2005 August 31, 2006 Reserve Class 0.12% June 30, 2005 August 31, 2006 Resource Class 0.12% June 30, 2005 August 31, 2006 Government TaxAdvantage Portfolio(1) Cash Management Class 0.12% June 30, 2005 August 31, 2006 Corporate Class 0.12% June 30, 2005 August 31, 2006 Institutional Class 0.12% June 30, 2005 August 31, 2006 Personal Investment Class 0.12% June 30, 2005 August 31, 2006 Private Investment Class 0.12% June 30, 2005 August 31, 2006 Reserve Class 0.12% June 30, 2005 August 31, 2006 Resource Class 0.12% June 30, 2005 August 31, 2006 Liquid Assets Portfolio(1) Cash Management Class 0.12% June 30, 2005 August 31, 2006 Corporate Class 0.12% June 30, 2005 August 31, 2006 Institutional Class 0.12% June 30, 2005 August 31, 2006 Personal Investment Class 0.12% June 30, 2005 August 31, 2006 Private Investment Class 0.12% June 30, 2005 August 31, 2006 Reserve Class 0.12% June 30, 2005 August 31, 2006 Resource Class 0.12% June 30, 2005 August 31, 2006
(1) The expense limit shown excludes Rule 12b-1 fee waivers by Fund Management Company. (2) The expense limitation also excludes Trustees' fees and federal registration expenses. 11
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- STIC Prime Portfolio(1) Cash Management Class 0.12% June 30, 2005 August 31, 2006 Corporate Class 0.12% June 30, 2005 August 31, 2006 Institutional Class 0.12% June 30, 2005 August 31, 2006 Personal Investment Class 0.12% June 30, 2005 August 31, 2006 Private Investment Class 0.12% June 30, 2005 August 31, 2006 Reserve Class 0.12% June 30, 2005 August 31, 2006 Resource Class 0.12% June 30, 2005 August 31, 2006 Treasury Portfolio(1) Cash Management Class 0.12% June 30, 2005 August 31, 2006 Corporate Class 0.12% June 30, 2005 August 31, 2006 Institutional Class 0.12% June 30, 2005 August 31, 2006 Personal Investment Class 0.12% June 30, 2005 August 31, 2006 Private Investment Class 0.12% June 30, 2005 August 31, 2006 Reserve Class 0.12% June 30, 2005 August 31, 2006 Resource Class 0.12% June 30, 2005 August 31, 2006
(1) The expense limit shown excludes Rule 12b-1 fee waivers by Fund Management Company. 12 EXHIBIT "D" AIM VARIABLE INSURANCE FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM V.I. Aggressive Growth Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Basic Balanced Fund Series I Shares 0.91% January 1, 2006 April 30, 2007 Series II Shares 1.16% January 1, 2006 April 30, 2007 AIM V.I. Basic Value Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Blue Chip Fund Series I Shares 1.01% January 1, 2006 April 30, 2007 Series II Shares 1.26% January 1, 2006 April 30, 2007 AIM V.I. Capital Appreciation Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Capital Development Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Core Equity Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Core Stock Fund Series I Shares 0.91% January 1, 2006 April 30, 2007 Series II Shares 1.16% January 1, 2006 April 30, 2007
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FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM V.I. Demographic Trends Fund Series I Shares 1.01% January 1, 2006 April 30, 2007 Series II Shares 1.26% January 1, 2006 April 30, 2007 AIM V.I. Diversified Income Fund Series I Shares 0.75% January 1, 2006 April 30, 2007 Series II Shares 1.00% January 1, 2006 April 30, 2007 AIM V.I. Dynamics Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Financial Services Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Global Health Care Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Government Securities Fund Series I Shares 0.73% January 1, 2006 April 30, 2007 Series II Shares 0.98% January 1, 2006 April 30, 2007 AIM V.I. Growth Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. High Yield Fund Series I Shares 0.95% January 1, 2006 April 30, 2007 Series II Shares 1.20% January 1, 2006 April 30, 2007
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FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM V.I. International Growth Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Large Cap Growth Fund Series I Shares 1.01% January 1, 2006 April 30, 2007 Series II Shares 1.26% January 1, 2006 April 30, 2007 AIM V.I. Leisure Fund Series I Shares 1.01% January 1, 2006 April 30, 2007 Series II Shares 1.26% January 1, 2006 April 30, 2007 AIM V.I. Mid Cap Core Equity Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Money Market Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Premier Equity Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Real Estate Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Small Cap Equity Fund Series I Shares 1.15% January 1, 2006 April 30, 2007 Series II Shares 1.40% January 1, 2006 April 30, 2007 AIM V.I. Small Company Growth Fund Series I Shares 1.20% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007 AIM V.I. Technology Fund Series I Shares 1.30% January 1, 2006 April 30, 2007 Series II Shares 1.45% January 1, 2006 April 30, 2007
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FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE ---- ------------------ -------------- --------------- AIM V.I. Utilities Fund Series I Shares 0.93% September 23, 2005 April 30, 2007 Series II Shares 1.18% September 23, 2005 April 30, 2007
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