SUB-ITEM 77Q1(e)
MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of the date indicated
on Exhibit "A" between AIM Floating Rate Fund, AIM Growth Series, AIM
Investment Funds and AIM Series Trust (each a "Company" and collectively, the
"Companies"), on behalf of the portfolios listed on Exhibit "A" to this
Memorandum of Agreement (the "Funds"), 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 Companies and AIM agree as follows:
1. Each Company, for itself and its Funds, and AIM agree that
until the expiration date, if any, of the commitment set
forth on the attached Exhibit "A" occurs, as such Exhibit "A"
is amended from time to time, AIM will not charge any
administrative fee under each Fund's advisory agreement in
connection with securities lending activities.
2. Neither a Company nor AIM may remove or amend the fee waivers
to a Company's detriment prior to requesting and receiving
the approval of the Fund's Board to remove or amend such fee
waiver as described on the attached Exhibit "A". AIM will not
have any right to reimbursement of any amount so waived.
Unless a Company, by vote of its Board of Trustees, or AIM terminates
the fee waiver, or a Company and AIM are unable to reach an agreement on the
amount of the fee waiver to which the Company and AIM desire to be bound, the
fee waiver will continue indefinitely with respect to such Company. Exhibit "A"
will be amended to reflect the new date through which a Company and AIM agree
to be bound.
Nothing in this Memorandum of Agreement is intended to affect any
other memorandum of agreement executed by any Company or AIM with respect to
any other fee waivers, expense reimbursements and/or expense limitations
IN WITNESS WHEREOF, each Company, on behalf of itself and its Funds
listed in Exhibit "A" to this Memorandum of Agreement, and AIM have entered
into this Memorandum of Agreement as of the date written above.
AIM FLOATING RATE FUND
AIM GROWTH SERIES
AIM INVESTMENT FUNDS
AIM SERIES TRUST
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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AS REVISED DECEMBER 31, 2001
EXHIBIT "A"
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AIM FLOATING RATE FUND
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- -------------- ----------------
AIM Floating Rate Fund September 1, 2001
AIM GROWTH SERIES
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- -------------- ----------------
AIM Basic Value Fund June 5, 2000
AIM Euroland Growth Fund September 1, 2001
AIM Mid Cap Equity Fund September 1, 2001
AIM Small Cap Growth Fund September 11, 2000
AIM INVESTMENT FUNDS
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- -------------- ----------------
AIM Developing Markets Fund September 1, 2001
AIM Global Biotech Fund December 28, 2001
AIM Global Energy Fund September 1, 2001
AIM Global Financial Services Fund September 11, 2000
AIM Global Health Care Fund September 1, 2001
AIM Global Infrastructure Fund September 11, 2000
AIM Global Telecommunications and
Technology Fund September 1, 2001
AIM Strategic Income Fund September 1, 2001
AIM SERIES TRUST
FUND EFFECTIVE DATE COMMITTED UNTIL*
---- -------------- ----------------
AIM Global Trends Fund September 1, 2001
* Committed until the Company or AIM requests and receives the approval
of the Company's Board to remove or amend such fee waiver. Such
commitments are evergreen until amended and apply to each Fund.
