AMENDMENT NO. 2 ADMINISTRATIVE SERVICES AGREEMENT The Administrative Services Agreement (the "Agreement"), dated October 18, 1993, by and between A I M Advisors, Inc., a Delaware corporation and A I M Fund Services, Inc. on behalf of the Portfolios...

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                                                            EXHIBIT 9(b)(3)(iii)

                               AMENDMENT NO. 2
                      ADMINISTRATIVE SERVICES AGREEMENT

        The Administrative Services Agreement (the "Agreement"), dated October
18, 1993, by and between A I M Advisors, Inc., a Delaware corporation and A I M
Fund Services, Inc. on behalf of the Portfolios and Classes of shares of the
Funds set forth in appendix A thereto shall hereby be amended as follows:

        Appendix A of the Agreement is hereby deleted in its entirety and
replaced with the following:

                                 APPENDIX A

AIM EQUITY FUNDS, INC.

        AIM Aggressive Growth Fund
        AIM Charter Fund (Retail Class)
        AIM Constellation Fund (Retail Class)
        AIM Xxxxxxxxxx Fund (Retail Class)

AIM FUNDS GROUP (All Classes)

        AIM Balanced Fund
        AIM Government Securities Fund
        AIM Growth Fund
        AIM High Yield Fund
        AIM Income Fund
        AIM Municipal Bond Fund
        AIM Money Market Fund
        AIM Utilities Fund
        AIM Value Fund

AIM INTERNATIONAL FUNDS, INC. (All Classes)

        AIM International Equity Fund
        AIM Global Aggressive Growth Fund
        AIM Global Growth Fund
        AIM Global Income Fund

AIM INVESTMENT SECURITIES FUNDS

        AIM Adjustable Rate Government Fund
        Limited Maturity Treasury Portfolio (AIM Limited Maturity Treasury
        Shares)

AIM SUMMIT FUND, INC.


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AIM TAX-EXEMPT FUNDS, INC.

        AIM Tax-Exempt Cash Fund
        AIM Tax-Exempt Bond Fund of Connecticut
        Intermediate Portfolio (AIM Tax-Free Intermediate Shares)

SHORT-TERM INVESTMENTS CO.

        Prime Portfolio (All Classes)
        Liquid Assets Portfolio

SHORT-TERM INVESTMENTS TRUST 

        Treasury Portfolio (All Classes)
        Treasury TaxAdvantage Portfolio

        All other terms and provisions of the Agreement not amended herein
shall remain in full force and effect.

Dated: July 1, 1994

        
                                       A I M ADVISORS, INC.


Attest:/s/ XXXXX X. XXXXXX             By:/s/ XXXXXX X. XXXXXX
       ------------------------           ---------------------------
       Assistant Secretary                 Xxxxxx X. Xxxxxx 
                                           President     

(SEAL)


                                       A I M FUND SERVICES, INC.

Attest:/s/ XXXXX X. XXXXXX             By:/s/ X. XXXXXX XXXXXXX
       ------------------------           ---------------------------
       Assistant Secretary                 X. Xxxxxx Xxxxxxx
                                          Senior Vice President

(SEAL)