SUB-ITEM 77M
MERGERS
AIM GROWTH SERIES
On July 30, 2003, the Board of Trustees of AIM Series Trust ("AST"), a Delaware
statutory trust, approved an Agreement and Plan of Reorganization (the
"Agreement") that provided for the restructuring of AIM Global Trends Fund
("Global Trends Fund"), a series portfolio of AST, as a new series portfolio
(the "New Fund") of AIM Growth Series ("AGS"), an existing open-end management
investment company organized as a Delaware statutory trust (the
"Reorganization"). The Agreement was approved by the shareholders of Global
Trends Fund at a Special Meeting of shareholders of Global Trends Fund held on
October 21, 2003. Pursuant to the Agreement, on November 4, 2003, the New Fund
succeeded to the assets and assumed the liabilities of Global Trends Fund. The
value of each New Fund shareholder's account with AGS immediately after the
Reorganization was the same as the value of such shareholder's account with AST
immediately prior to the Reorganization. The Reorganization has been structured
as a tax-free transaction. No sales charges were imposed in connection with the
Reorganization. AST intends to file a Form N-8F with the Securities and
Exchange Commission to deregister as an investment company.
For a more detailed discussion on the Reorganization, please see the attached
proxy statement (attached hereto as Attachment A).