EXHIBIT d(1)(b)
AMENDMENT NO. 1
TO
MASTER INVESTMENT ADVISORY AGREEMENT
The Master Investment Advisory Agreement (the "Agreement"), dated
September 11, 2000, between AIM Advisor Funds, a Delaware business trust, and
A I M Advisors, Inc., a Delaware corporation, is hereby amended as follows:
WITNESSETH:
WHEREAS, the parties desire to amend the Agreement to delete a
portfolio, AIM Advisor Flex Fund and to change the names of two portfolios, AIM
Advisor International Value Fund and AIM Advisor Real Estate Fund to AIM
International Value Fund and AIM Real Estate Fund, respectively;
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 International Value Fund September 11, 2000
AIM Real Estate Fund September 11, 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 INTERNATIONAL VALUE FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets...................................................... 1.00%
AIM REAL ESTATE FUND
NET ASSETS ANNUAL RATE
---------- -----------
All Assets...................................................... 0.90%"
2. In all other respects, the Agreement is hereby confirmed and
remains in full force and effect.
Dated: September 10, 2001
AIM ADVISOR 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)
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