EXHIBIT 77Q1(e)
AMENDMENT NO. 1
TO
MASTER INVESTMENT ADVISORY AGREEMENT
The Master Investment Advisory Agreement (the "Agreement"), dated June
1, 2000, between AIM Tax-Exempt Funds, a Delaware business trust, and A I M
Advisors, Inc., a Delaware corporation, is hereby amended as follows:
W I T N E S S E T H:
WHEREAS, the parties desire to amend the Agreement to delete a
portfolio, AIM Tax-Exempt Bond Fund of Connecticut;
NOW, THEREFORE, the parties agree as follows;
1. Appendix A and Appendix B to the Agreement are hereby deleted
in their entirety and replaced with the following:
"APPENDIX A
FUNDS AND EFFECTIVE DATES
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------ ------------------------------------
AIM High Income Municipal Fund June 1, 2000
AIM Tax-Exempt Cash Fund June 1, 2000
AIM Tax-Free Intermediate Fund June 1, 2000"
"APPENDIX B
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, out of the assets of a Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below. Such fee shall be calculated by applying the following annual rates to
the average daily net assets of such Fund for the calendar year computed in the
manner used for the determination of the net asset value of shares of such
Fund.
AIM TAX-FREE INTERMEDIATE FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million...................................... 0.30%
Over $500 million to and including $1 billion........... 0.25%
Over $1 billion......................................... 0.20%
AIM TAX-EXEMPT CASH FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets.............................................. 0.35%
AIM HIGH INCOME MUNICIPAL FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million...................................... 0.60%
Over $500 million to and including $1 billion........... 0.55%
Over $1 billion to and including $1.5 billion........... 0.50%
Over $1.5 billion....................................... 0.45%"
2 In all other respects, the Agreement is hereby confirmed and
remains in full force and effect.
Dated: September 10, 2001
---------------------
AIM TAX-EXEMPT FUNDS
Attest: /s/ P. Xxxxxxxx Xxxxx By: /s/ Xxxxxx X. Xxxxxx
------------------------------- -------------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
A I M ADVISORS INC.
Attest: __/s/ P. Xxxxxxxx Xxxxx By: /s/ Xxxxxx X. Xxxxxx
--------------------------- -------------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
2
