AVZ Amvescap

AIM Investments announced today changes to the portfolio management teams of AIM Global Health Care Fund, AIM Advantage Health Sciences Fund, and AIM Multi-Sector Fund. Effective today, Derek M. Taner becomes the lead portfolio manager of AIM Global Health Care Fund and AIM Advantage Health Sciences Fund and will be assisted by the Global Health Care Team. Michael Yellen, the former lead manager of the funds, has assumed the role of senior research analyst and will be based in Tokyo to more closely track international health care stocks focusing on Asian companies. Sunaina Murthy, who served as senior analyst for the fund, left AIM Investments Jan. 13 to pursue personal interests. Mr. Taner also will replace Mr. Yellen on the management team of AIM Multi-Sector Fund, joining William R. Keithler, Mark D. Greenberg, John S. Segner, and Michael J. Simon. "This is a move we firmly believe is in the best interest of fund shareholders," said J. Philip Ferguson, AIM's Chief Investment Officer. "Derek came to AIM with a strong background in health care and a compelling track record as a portfolio manager. We are confident in his ability to lead this team." Mr. Taner has 13 years of investment industry experience. He joined AIM Investments and the management team of the health care funds in 2005, coming from Franklin Advisers, Inc. where he served as a portfolio manager for Franklin Templeton's health care fund from 2002 through 2005 -- the final two years as lead manager. He began his investment career in 1993 as a fixed-income analyst with Franklin Templeton and was promoted to assistant portfolio manager in 1997. In 2000, he joined the firm's Equity department and was named co-manager of its equity-income fund. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans, and offshore products. Founded in 1976, AIM Investments had $129 billion in assets under management as of Sept. 30, 2005. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., and AIM Private Asset Management, Inc., are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments. About AMVESCAP A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for clients around the world. The Company, which had approximately $381 billion in assets under management as of Sept. 30, 2005, is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: Consider the investment objectives, risks, and charges and expenses carefully before investing. For this and other important information about any AIM fund, please obtain a prospectus from your financial advisor and read it carefully before investing. A I M Distributors, Inc., Distributor