Exhibit h(6)
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/ XXXXXX X. XXXXXX
-------------------------------
Title: President
----------------------------
A I M ADVISORS, INC.
By: /s/ XXXXXX X. XXXXXX
-------------------------------
Title: President
----------------------------
2
As revised September 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 Dent Demographic Trends Fund June 21, 2000
AIM Emerging Growth Fund June 21, 2000
AIM Large Cap Basic Value June 21, 2000
AIM Large Cap Growth Fund June 21, 2000
AIM Mid Cap Growth Fund June 21, 2000
AIM Xxxxxxxxxx Fund June 21, 2000
AIM FUNDS GROUP
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- -------------- ----------------
AIM Balanced Fund June 1, 2000
AIM Basic Balanced Fund September 26, 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 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
AIM Global Growth Fund June 21, 2000
AIM Global Income Fund June 21, 2000
AIM International Equity Fund June 21, 2000
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* 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 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 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. MidCap Equity Fund September 10, 2001
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
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* 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
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
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* 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
