SUB-ITEM 77Q1(e)
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of this 1st day of
January, 2002 between Short-Term Investments Company (the "Company"), on behalf
of the fund listed on Exhibit "A" to this Memorandum of Agreement (the "Fund"),
and A I M Advisors, Inc. ("AIM").
For and in consideration of the mutual terms and agreements set forth
herein and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the Company and AIM agree as follows:
The Company and AIM agree until the date set forth on the attached
Exhibit "A" that AIM will waive its fees of the Fund as set forth on Exhibit
"A". Neither the Company nor AIM may remove or amend the waivers to the
Company's detriment prior to the date set forth on Exhibit "A." AIM will not
have any right to reimbursement of any amount so waived.
The Company and AIM agree to review the then-current waivers for the
Fund listed on Exhibit "A" on a date prior to the date listed on that Exhibit
to determine whether such waivers should be amended, continued or terminated.
Unless the Company, by vote of its Board of Directors, or AIM terminates the
waivers, or the Company and AIM are unable to reach an agreement on the amount
of the waivers to which the Company and AIM desire to be bound, the waivers
will continue for additional one-year terms at the rate to which the Company
and AIM mutually agree. Exhibit "A" will be amended to reflect that rate and
the new date through which the Company and AIM agree to be bound.
IN WITNESS WHEREOF, the Company and AIM have entered into this
Memorandum of Agreement as of the date first above written.
Short-Term Investments
Company, on behalf of each
Fund listed in Exhibit "A"
to this Memorandum of
Agreement
By: /s/ Xxxxxx X. Xxxxxx
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Title: President
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A I M Advisors, Inc.
By: /s/ Xxxxxx X. Xxxxxx
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Title: President
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EXHIBIT "A"
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SHORT-TERM INVESTMENTS COMPANY
FUND WAIVER COMMITTED UNTIL
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Prime Portfolio Advisory Fee waiver of December 31, 2002
0.075% of the Advisory Fee
payments on average daily
net assets
