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(d)(3)

                                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)