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EXHIBIT h(7)(b)
AMENDMENT NUMBER 1 TO THE TRANSFER AGENCY
AND SERVICE AGREEMENT
This Amendment, dated as of July 1, 2000 is made to the Transfer Agency and
Service Agreement dated June 21, 2000 (the "Agreement") between AIM Equity Funds
(the "Fund") and A I M Fund Services, Inc. ("AFS") pursuant to Article 11 of the
Agreement.
Paragraph 1 of the Fee Schedule is hereby deleted in its entirety and replaced
with the following:
"1. For performance by the Transfer Agent pursuant to this Agreement, the
Fund agrees on behalf of each of the Portfolios to pay the Transfer
Agent an annualized fee for shareholder accounts that are open during
any monthly period as set forth below, and an annualized fee of $ .70
per shareholder account that is closed during any monthly period. Both
fees shall be billed by the Transfer Agent monthly in arrears on a
prorated basis of 1/12 of the annualized fee for all such accounts.
Per Account Fee
Fund Type Annualized
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Class A, B and C
Non-Daily Accrual Funds $15.20
Class A, B and C
Monthly Dividend and Daily Accrual Funds 16.20"
Paragraph 4 of the Fee Schedule is hereby deleted in its entirety and replaced
with the following:
"4. Other Fees
XXX Annual Maintenance Fee $10 per XXX account per year (paid by
investor per tax I.D. number).
Balance Credit The total fees due to the Transfer Agent
from all funds affiliated with the Fund
shall be reduced by an amount equal to
the investment income earned by the
Transfer Agent on the DDA balances of the
disbursement accounts for those funds.
Remote Services Fee $3.60 per open account per year, payable
monthly and $1.80 per closed account per
year, payable monthly."
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All other terms and provisions of the Agreement not amended herein shall remain
in full force and effect.
AIM EQUITY FUNDS
By: /s/ XXXXXX X. XXXXXX
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President
ATTEST:
/s/ XXXXX X. XXXXXXX
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Secretary
A I M FUND SERVICES, INC.
By: /s/ XXXX X. XXXXX
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President
ATTEST:
/s/ XXXX X. XXXX
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Assistant Secretary
