EXHIBIT h(5)(b)
AMENDMENT NO. 1
MASTER ADMINISTRATIVE SERVICES AGREEMENT
The Master Administrative Services Agreement (the "Agreement"), dated
September 11, 2000, by and between A I M Advisors, Inc., a Delaware corporation,
and AIM Advisor Funds, a Delaware business trust, is hereby amended as follows:
Appendix A of the Agreement is hereby deleted in its entirety and
replaced with the following:
"APPENDIX A
TO
MASTER ADMINISTRATIVE SERVICES AGREEMENT
OF
AIM ADVISOR FUNDS
PORTFOLIOS EFFECTIVE DATE OF AGREEMENT
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AIM International Value Fund September 11, 2000
AIM Real Estate Fund September 11, 2000"
All other terms and provisions of the Agreement not amended herein
shall remain in full force and effect.
Dated: September 10, 2001
A I M ADVISORS, INC.
Attest: /s/ P. XXXXXXXX XXXXX By: /s/ XXXXXX X. XXXXXX
------------------------------ ----------------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)
AIM ADVISOR FUNDS
Attest: /s/ P. XXXXXXXX XXXXX By: /s/ XXXXXX X. XXXXXX
------------------------------ ----------------------------
Assistant Secretary Xxxxxx X. Xxxxxx
President
(SEAL)