MEMORANDUM OF AGREEMENT
This Memorandum of Agreement is entered into as of the Effective Date
on the attached exhibits (the "Exhibits"), between AIM Combination Stock & Bond
Funds, AIM Counselor Series Trust, AIM Equity Funds, AIM Funds Group, AIM Growth
Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment
Securities Funds, AIM Sector Funds, AIM Stock Funds, AIM Variable Insurance
Funds, Short-Term Investments Trust and Tax-Free Investments Trust (each a
"Trust" or, collectively, the "Trusts"), on behalf of the funds listed on the
Exhibits to this Memorandum of Agreement (the "Funds"), and A I M Advisors, Inc.
("AIM"). This Memorandum of Agreement restates the Memorandum of Agreement dated
April 1, 2005 between AIM Combination Stock & Bond Funds, AIM Counselor Series
Trust, AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International
Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds, AIM Sector
Funds and AIM Stock Funds. AIM shall and hereby agrees to waive fees or
reimburse expenses of each Fund, on behalf of its respective classes as
applicable, severally and not jointly, as indicated in the attached Exhibits.
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 Trusts and AIM agree as follows:
The Trusts and AIM agree until the date set forth on the attached
Exhibits (the "Expiration Date") that AIM will waive its fees or reimburse
expenses to the extent that expenses (excluding (i) interest; (ii) taxes; (iii)
dividend expense on short sales; (iv) extraordinary items (these are expenses
that are not anticipated to arise from each Fund's day-to-day operations), or
items designated as such by the Funds' Board of Trustees; (v) expenses related
to a merger or reorganization, as approved by the Funds' Board of Trustees; and
(vi) expenses that each Fund has incurred but did not actually pay because of an
expense offset arrangement, if applicable) of a class of a Fund exceed the rate,
on an annualized basis, set forth on the Exhibits of the average daily net
assets allocable to such class. The Board of Trustees and AIM may terminate or
modify this Memorandum of Agreement prior to the Expiration Date only by mutual
written consent. AIM will not have any right to reimbursement of any amount so
waived or reimbursed.
Each of the Trusts and AIM agree to review the then-current waivers or
expense limitations for each class of each Fund listed on the Exhibits on a date
prior to the Expiration Date to determine whether such waivers or limitations
should be amended, continued or terminated. The waivers or expense limitations
will expire upon the Expiration Date unless the Trust and AIM have agreed to
continue them. The Exhibits will be amended to reflect any such agreement.
It is expressly agreed that the obligations of each Trust hereunder
shall not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets and
property of each Fund, as provided in each Trust's Agreement and Declaration of
Trust. The execution and delivery of this Memorandum of Agreement have been
authorized by the Trustees of the Trusts, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of the Trusts acting as
such; neither such authorization by such Trustees nor such execution and
delivery by such officer shall be deemed to have been made by any of them
individually or to impose any liability on any of them personally, but shall
bind only the assets and property of the Funds, as provided in each Trust's
Agreement and Declaration of Trust.
1
IN WITNESS WHEREOF, each of the Trusts and AIM have entered into this
Memorandum of Agreement as of the Effective Date on the attached Exhibits.
AIM COMBINATION STOCK & BOND FUNDS
AIM COUNSELOR SERIES TRUST
AIM EQUITY FUNDS
AIM FUNDS GROUP
AIM GROWTH SERIES
AIM INTERNATIONAL MUTUAL FUNDS
AIM INVESTMENT FUNDS
AIM INVESTMENT SECURITIES FUNDS
AIM SECTOR FUNDS
AIM STOCK FUNDS
AIM VARIABLE INSURANCE FUNDS
SHORT-TERM INVESTMENTS TRUST
TAX-FREE INVESTMENTS TRUST
on behalf of the Funds listed in Exhibit
"A" to this Memorandum of Agreement
By: /s/ Xxxxxx X. Xxxxxx
-----------------------------------
Title: President
-----------------------------------
A I M Advisors, Inc.
By: /s/ Xxxx X. Xxxxxxxxxx
-----------------------------------
Title: President
-----------------------------------
2
EXHIBIT "A"
FUNDS WITH FISCAL YEAR END OF MARCH 31
AIM SECTOR FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
--------------------------------- ------------------ -------------- ---------------
AIM Energy Fund(1)
Class A Shares 1.90% July 1, 2005 March 31, 2006
Class B Shares 2.65% April 1, 2005 March 31, 2006
Class C Shares 2.65% April 1, 2005 March 31, 2006
Class K Shares 2.10% April 1, 2005 March 31, 2006
Investor Class Shares 1.90% April 1, 2005 March 31, 2006
AIM Financial Services Fund(1)
Class A Shares 1.90% July 1, 2005 March 31, 2006
Class B Shares 2.65% April 1, 2005 March 31, 2006
Class C Shares 2.65% April 1, 2005 March 31, 2006
Class K Shares 2.10% April 1, 2005 March 31, 2006
Investor Class Shares 1.90% April 1, 2005 March 31, 2006
AIM Gold & Precious Metals Fund(1)
Class A Shares 1.90% July 1, 2005 March 31, 2006
Class B Shares 2.65% April 1, 2005 March 31, 2006
Class C Shares 2.65% April 1, 2005 March 31, 2006
Investor Class Shares 1.90% April 1, 2005 March 31, 2006
AIM Health Sciences Fund(1)
Class A Shares 1.90% July 1, 2005 March 31, 2006
Class B Shares 2.65% April 1, 2005 March 31, 2006
Class C Shares 2.65% April 1, 2005 March 31, 2006
Class K Shares 2.10% April 1, 2005 March 31, 2006
Investor Class Shares 1.90% April 1, 2005 March 31, 2006
AIM Leisure Fund(1)
Class A Shares 1.90% July 1, 2005 March 31, 2006
Class B Shares 2.65% April 1, 2005 March 31, 2006
Class C Shares 2.65% April 1, 2005 March 31, 2006
Class K Shares 2.10% April 1, 2005 March 31, 2006
Investor Class Shares 1.90% April 1, 2005 March 31, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be
limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A
12b-1 rate.
3
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
----------------------------------- ------------------ -------------- ---------------
AIM Technology Fund(1)
Class A Shares 1.55% July 1, 2005 June 30, 2006
Class B Shares 2.30% July 1, 2005 June 30, 2006
Class C Shares 2.30% July 1, 2005 June 30, 2006
Class K Shares 1.75% July 1, 2005 June 30, 2006
Investor Class Shares 1.55% July 1, 2005 June 30, 2006
Institutional Class Shares 1.30% July 1, 2005 June 30, 2006
AIM Utilities Fund(1)
Class A Shares 1.90% April 1, 2005 March 31, 2006
Class B Shares 2.65% April 1, 2005 March 31, 2006
Class C Shares 2.65% April 1, 2005 March 31, 2006
Investor Class Shares 1.90% April 1, 2005 March 31, 2006
FUNDS WITH FISCAL YEAR END OF JULY 31
AIM INVESTMENT SECURITIES FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
----------------------------------- ------------------ -------------- ---------------
AIM Global Real Estate Fund(1)
Class A Shares 1.40% July 1, 2005 July 31, 2006
Class B Shares 2.15% April 29, 2005 July 31, 2006
Class C Shares 2.15% April 29, 2005 July 31, 2006
Class R Shares 1.65% April 29, 2005 July 31, 2006
Institutional Class Shares 1.15% April 29, 2005 July 31, 2006
AIM Short Term Bond Fund(1)
Class A Shares 0.85% July 1, 2005 July 31, 2006
Class C Shares 1.20%(2) August 1, 2005 July 31, 2006
Class R Shares 1.10% August 1, 2005 July 31, 2006
Institutional Class Shares 0.60% August 1, 2005 July 31, 2006
AIM Total Return Bond Fund(1)
Class A Shares 1.15% July 1, 2005 July 31, 2006
Class B Shares 1.90% August 1, 2005 July 31, 2006
Class C Shares 1.90% August 1, 2005 July 31, 2006
Class R Shares 1.40% August 1, 2005 July 31, 2006
Institutional Class Shares 0.90% August 1, 2005 July 31, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be
limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A
12b-1 rate.
(2) The expense limit shown is the expense limit after Rule 12b-1 fee waivers by A I M Distributors, Inc.
4
AIM STOCK FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
----------------------------------- ------------------ -------------- ---------------
AIM Dynamics Fund(1)
Class A Shares 1.90% July 1, 2005 July 31, 2006
Class B Shares 2.65% August 1, 2005 July 31, 2006
Class C Shares 2.65% August 1, 2005 July 31, 2006
Class K Shares 2.10% August 1, 2005 July 31, 2006
Investor Class Shares 1.90% August 1, 2005 July 31, 2006
Institutional Class Shares 1.65% August 1, 2005 July 31, 2006
AIM Mid Cap Stock Fund(1)
Class A Shares 1.90% July 1, 2005 July 31, 2006
Class B Shares 2.65% August 1, 2005 July 31, 2006
Class C Shares 2.65% August 1, 2005 July 31, 2006
Class K Shares 2.10% August 1, 2005 July 31, 2006
Investor Class Shares 1.90% August 1, 2005 July 31, 2006
Institutional Class Shares 1.65% August 1, 2005 July 31, 2006
AIM Small Company Growth Fund(1)
Class A Shares 1.90% July 1, 2005 July 31, 2006
Class B Shares 2.65% August 1, 2005 July 31, 2006
Class C Shares 2.65% August 1, 2005 July 31, 2006
Class K Shares 2.10% August 1, 2005 July 31, 2006
Investor Class Shares 1.90% August 1, 2005 July 31, 2006
Institutional Class Shares 1.65% July 13, 2005 July 31, 2006
AIM S&P 500 Index Fund(1)
Investor Class Shares 0.60% July 1, 2005 July 31, 2006
Institutional Class Shares 0.35% July 1, 2005 July 31, 2006
FUNDS WITH FISCAL YEAR END OF AUGUST 31
AIM COMBINATION STOCK & BOND FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
----------------------------------- ------------------ ---------------- ---------------
AIM Core Stock Fund(1)
Class A Shares 1.90% July 1, 2005 August 31, 2006
Class B Shares 2.65% September 1, 2005 August 31, 2006
Class C Shares 2.65% September 1, 2005 August 31, 2006
Class K Shares 2.10% September 1, 2005 August 31, 2006
Investor Class Shares 1.90% September 1, 2005 August 31, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be
limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A
12b-1 rate.
5
FUND EXPENSE EFFECTIVE DATE EXPIRATION DATE
LIMITATION
------------------------------------ ---------- ----------------- ---------------
AIM Total Return Fund(1)
Class A Shares 1.90% July 1, 2005 August 31, 2006
Class B Shares 2.65% September 1, 2005 August 31, 2006
Class C Shares 2.65% September 1, 2005 August 31, 2006
Class K Shares 2.10% September 1, 2005 August 31, 2006
Investor Class Shares 1.90% September 1, 2005 August 31, 2006
Institutional Class Shares 1.65% September 1, 2005 August 31, 2006
AIM COUNSELOR SERIES TRUST
FUND EXPENSE EFFECTIVE DATE EXPIRATION DATE
LIMITATION
------------------------------------ ---------- ----------------- ---------------
AIM Multi-Sector Fund(1)
Class A Shares 1.90% July 1, 2005 August 31, 2006
Class B Shares 2.65% September 1, 2005 August 31, 2006
Class C Shares 2.65% September 1, 2005 August 31, 2006
Institutional Class Shares 1.65% September 1, 2005 August 31, 2006
FUNDS WITH FISCAL YEAR END OF OCTOBER 31
AIM EQUITY FUNDS
FUND EXPENSE EFFECTIVE DATE EXPIRATION DATE
LIMITATION
------------------------------------ ---------- ---------------- ----------------
AIM Diversified Dividend Fund(1)
Class A Shares 1.40% July 1, 2005 October 31, 2005
Class B Shares 2.15% November 1, 2004 October 31, 2005
Class C Shares 2.15% November 1, 2004 October 31, 2005
Investor Class Shares 1.40% April 29, 2005 October 31, 2006
AIM Large Cap Basic Value Fund(1)
Class A Shares 1.22% July 1, 2005 June 30, 2006
Class B Shares 1.97% July 1, 2005 June 30, 2006
Class C Shares 1.97% July 1, 2005 June 30, 2006
Class R Shares 1.47% July 1, 2005 June 30, 2006
Investor Class Shares 1.22% July 1, 2005 June 30, 2006
Institutional Class Shares 0.97% July 1, 2005 June 30, 2006
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be
limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A
12b-1 rate.
6
FUND EXPENSE EFFECTIVE DATE EXPIRATION DATE
LIMITATION
------------------------------------ ---------- -------------- ---------------
AIM Large Cap Growth Fund(1)
Class A Shares 1.32% July 1, 2005 June 30, 2006
Class B Shares 2.07% July 1, 2005 June 30, 2006
Class C Shares 2.07% July 1, 2005 June 30, 2006
Class R Shares 1.57% July 1, 2005 June 30, 2006
Investor Class Shares 1.32% July 1, 2005 June 30, 2006
Institutional Class Shares 1.07% July 1, 2005 June 30, 2006
AIM INTERNATIONAL MUTUAL FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
------------------------------------ ------------------ -------------- ----------------
AIM International Core Equity Fund(1)
Class A Shares 2.00% July 1, 2005 October 31, 2005
Class B Shares 2.75% September 1, 2004 October 31, 2005
Class C Shares 2.75% September 1, 2004 October 31, 2005
Class R Shares 2.25% September 1, 2004 October 31, 2005
Investor Class Shares 2.00% September 1, 2004 October 31, 2005
Institutional Class Shares 1.75% September 1, 2004 October 31, 2005
AIM INVESTMENT FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
------------------------------------ ------------------ ----------------- ----------------
AIM Developing Markets Fund(1)
Class A Shares 1.75% July 1, 2005 October 31, 2005
Class B Shares 2.50% September 1, 2004 October 31, 2005
Class C Shares 2.50% September 1, 2004 October 31, 2005
AIM Trimark Endeavor Fund(1)
Class A Shares 1.90% July 1, 2005 October 31, 2005
Class B Shares 2.65% September 1, 2004 October 31, 2005
Class C Shares 2.65% September 1, 2004 October 31, 2005
Class R Shares 2.15% September 1, 2004 October 31, 2005
Institutional Class Shares 1.65% September 1, 2004 October 31, 2005
AIM Trimark Fund(1)
Class A Shares 2.15% July 1, 2005 October 31, 2005
Class B Shares 2.90% September 1, 2004 October 31, 2005
Class C Shares 2.90% September 1, 2004 October 31, 2005
Class R Shares 2.40% September 1, 2004 October 31, 2005
Institutional Class Shares 1.90% September 1, 2004 October 31, 2005
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be
limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A 12b-1
rate.
7
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM Trimark Small Companies Fund(1)
Class A Shares 1.90% July 1, 2005 October 31, 2005
Class B Shares 2.65% September 1, 2004 October 31, 2005
Class C Shares 2.65% September 1, 2004 October 31, 2005
Class R Shares 2.15% September 1, 2004 October 31, 2005
Institutional Class Shares 1.65% September 1, 2004 October 31, 2005
FUNDS WITH FISCAL YEAR END OF DECEMBER 31
AIM FUNDS GROUP
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM European Small Company Fund(1)
Class A Shares 1.90% July 1, 2005 December 31, 2005
Class B Shares 2.65% January 1, 2005 December 31, 2005
Class C Shares 2.65% January 1, 2005 December 31, 2005
AIM Global Value Fund(1)
Class A Shares 1.90% July 1, 2005 December 31, 2005
Class B Shares 2.65% January 1, 2005 December 31, 2005
Class C Shares 2.65% January 1, 2005 December 31, 2005
AIM International Small Company Fund(1)
Class A Shares 1.90% July 1, 2005 December 31, 2005
Class B Shares 2.65% January 1, 2005 December 31, 2005
Class C Shares 2.65% January 1, 2005 December 31, 2005
AIM GROWTH SERIES
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM Global Equity Fund(1)
Class A Shares 1.75% July 1, 2005 December 31, 2005
Class B Shares 2.50% January 1, 2005 December 31, 2005
Class C Shares 2.50% January 1, 2005 December 31, 2005
Institutional Class Shares 1.50% January 1, 2005 December 31, 2005
(1) The total operating expenses of any class of shares established after the date of this Memorandum of Agreement will be
limited to the amount established for Class A Shares plus the difference between the new class 12b-1 rate and the Class A
12b-1 rate.
8
EXHIBIT "B"
AIM GROWTH SERIES
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM Conservative Allocation Fund
Class A Shares Limit Other Expenses to 0.20% of average April 29, 2004 December 31, 2005
daily net assets
Class B Shares Limit Other Expenses to 0.20% of average April 29, 2004 December 31, 2005
daily net assets
Class C Shares Limit Other Expenses to 0.20% of average April 29, 2004 December 31, 2005
daily net assets
Class R Shares Limit Other Expenses to 0.20% of average April 29, 2004 December 31, 2005
daily net assets
Institutional Class Shares Limit Other Expenses to 0.20% of average April 29, 2004 December 31, 2005
daily net assets
AIM Growth Allocation Fund
Class A Shares Limit Other Expenses to 0.17% of average April 29, 2004 December 31, 2005
daily net assets
Class B Shares Limit Other Expenses to 0.17% of average April 29, 2004 December 31, 2005
daily net assets
Class C Shares Limit Other Expenses to 0.17% of average April 29, 2004 December 31, 2005
daily net assets
Class R Shares Limit Other Expenses to 0.17% of average April 29, 2004 December 31, 2005
daily net assets
Institutional Class Shares Limit Other Expenses to 0.17% of average April 29, 2004 December 31, 2005
daily net assets
AIM Moderate Allocation Fund
Class A Shares Limit Other Expenses to 0.05% of average April 29, 2004 December 31, 2005
daily net assets
Class B Shares Limit Other Expenses to 0.05% of average April 29, 2004 December 31, 2005
daily net assets
Class C Shares Limit Other Expenses to 0.05% of average April 29, 2004 December 31, 2005
daily net assets
Class R Shares Limit Other Expenses to 0.05% of average April 29, 2004 December 31, 2005
daily net assets
Institutional Class Shares Limit Other Expenses to 0.05% of average April 29, 2004 December 31, 2005
daily net assets
AIM Moderate Growth Allocation Fund
Class A Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006
daily net assets
Class B Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006
daily net assets
Class C Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006
daily net assets
9
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
Class R Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006
daily net assets
Institutional Class Shares Limit Other Expenses to 0.12% of average April 29, 2005 December 31, 2006
daily net assets
AIM Moderately Conservative Allocation
Fund
Class A Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006
daily net assets
Class B Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006
daily net assets
Class C Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006
daily net assets
Class R Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006
daily net assets
Institutional Class Shares Limit Other Expenses to 0.14% of average April 29, 2005 December 31, 2006
daily net assets
Other Expenses are defined as all normal operating expenses of the fund, excluding management fees and 12b-1 expenses. The expense
limitation is subject to the exclusions as listed in the Memorandum of Agreement.
10
EXHIBIT "C"
FUNDS WITH FISCAL YEAR END OF MARCH 31
TAX-FREE INVESTMENTS TRUST
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
Tax-Free Cash Reserve Portfolio(1,2)
Cash Management Class 0.22% June 30, 2005 March 31, 2007
Corporate Class 0.22% June 30, 2005 March 31, 2007
Institutional Class 0.22% June 30, 2005 March 31, 2007
Personal Investment Class 0.22% June 30, 2005 March 31, 2007
Private Investment Class 0.22% June 30, 2005 March 31, 2007
Reserve Class 0.22% June 30, 2005 March 31, 2007
Resource Class 0.22% June 30, 2005 March 31, 2007
FUNDS WITH FISCAL YEAR END OF AUGUST 31
SHORT-TERM INVESTMENTS TRUST
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
Government & Agency Portfolio(1)
Cash Management Class 0.12% June 30, 2005 August 31, 2006
Corporate Class 0.12% June 30, 2005 August 31, 2006
Institutional Class 0.12% June 30, 2005 August 31, 2006
Personal Investment Class 0.12% June 30, 2005 August 31, 2006
Private Investment Class 0.12% June 30, 2005 August 31, 2006
Reserve Class 0.12% June 30, 2005 August 31, 2006
Resource Class 0.12% June 30, 2005 August 31, 2006
Government TaxAdvantage Portfolio(1)
Cash Management Class 0.12% June 30, 2005 August 31, 2006
Corporate Class 0.12% June 30, 2005 August 31, 2006
Institutional Class 0.12% June 30, 2005 August 31, 2006
Personal Investment Class 0.12% June 30, 2005 August 31, 2006
Private Investment Class 0.12% June 30, 2005 August 31, 2006
Reserve Class 0.12% June 30, 2005 August 31, 2006
Resource Class 0.12% June 30, 2005 August 31, 2006
Liquid Assets Portfolio(1)
Cash Management Class 0.12% June 30, 2005 August 31, 2006
Corporate Class 0.12% June 30, 2005 August 31, 2006
Institutional Class 0.12% June 30, 2005 August 31, 2006
Personal Investment Class 0.12% June 30, 2005 August 31, 2006
Private Investment Class 0.12% June 30, 2005 August 31, 2006
Reserve Class 0.12% June 30, 2005 August 31, 2006
Resource Class 0.12% June 30, 2005 August 31, 2006
(1) The expense limit shown excludes Rule 12b-1 fee waivers by Fund Management Company.
(2) The expense limitation also excludes Trustees' fees and federal registration expenses.
11
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
STIC Prime Portfolio(1) 0.12% June 30, 2005 August 31, 2006
Cash Management Class 0.12% June 30, 2005 August 31, 2006
Corporate Class 0.12% June 30, 2005 August 31, 2006
Institutional Class 0.12% June 30, 2005 August 31, 2006
Personal Investment Class 0.12% June 30, 2005 August 31, 2006
Private Investment Class 0.12% June 30, 2005 August 31, 2006
Reserve Class 0.12% June 30, 2005 August 31, 2006
Resource Class
Treasury Portfolio(1)
Cash Management Class 0.12% June 30, 2005 August 31, 2006
Corporate Class 0.12% June 30, 2005 August 31, 2006
Institutional Class 0.12% June 30, 2005 August 31, 2006
Personal Investment Class 0.12% June 30, 2005 August 31, 2006
Private Investment Class 0.12% June 30, 2005 August 31, 2006
Reserve Class 0.12% June 30, 2005 August 31, 2006
Resource Class 0.12% June 30, 2005 August 31, 2006
(1) The expense limit shown excludes Rule 12b-1 fee waivers by Fund Management Company.
12
EXHIBIT "D"
AIM VARIABLE INSURANCE FUNDS
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM V.I. Aggressive Growth Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Balanced Fund
Series I Shares 0.91% July 1, 2005 June 30, 2006
Series II Shares 1.16% July 1, 2005 June 30, 2006
AIM V.I. Basic Value Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Blue Chip Fund
Series I Shares 1.01% July 1, 2005 June 30, 2006
Series II Shares 1.26% July 1, 2005 June 30, 2006
AIM V.I. Capital Appreciation Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Capital Development Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Core Equity Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Core Stock Fund
Series I Shares 0.91% July 1, 2005 June 30, 2006
Series II Shares 1.16% July 1, 2005 June 30, 2006
13
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM V.I. Dent Demographic Trends Fund
Series I Shares 1.01% July 1, 2005 June 30, 2006
Series II Shares 1.26% July 1, 2005 June 30, 2006
AIM V.I. Diversified Income Fund
Series I Shares 0.75% July 1, 2005 June 30, 2006
Series II Shares 1.00% July 1, 2005 June 30, 2006
AIM V.I. Dynamics Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Financial Services Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Government Securities Fund
Series I Shares 0.73% July 1, 2005 June 30, 2006
Series II Shares 0.98% July 1, 2005 June 30, 2006
AIM V.I. Growth Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Health Sciences Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. High Yield Fund
Series I Shares 0.95% July 1, 2005 June 30, 2006
Series II Shares 1.20% July 1, 2005 June 30, 2006
14
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM V.I. International Growth Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Large Cap Growth Fund
Series I Shares 1.01% July 1, 2005 June 30, 2006
Series II Shares 1.26% July 1, 2005 June 30, 2006
AIM V.I. Leisure Fund
Series I Shares 1.01% July 1, 2005 June 30, 2006
Series II Shares 1.26% July 1, 2005 June 30, 2006
AIM V.I. Mid Cap Core Equity Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Money Market Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Premier Equity Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Real Estate Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
AIM V.I. Small Cap Equity Fund
Series I Shares 1.15% July 1, 2005 June 30, 2006
Series II Shares 1.40% July 1, 2005 June 30, 2006
AIM V.I. Small Company Growth Fund
Series I Shares 1.20% July 1, 2005 June 30, 2006
Series II Shares 1.45% July 1, 2005 June 30, 2006
AIM V.I. Technology Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
15
FUND EXPENSE LIMITATION EFFECTIVE DATE EXPIRATION DATE
---- ------------------ -------------- ---------------
AIM V.I. Total Return Fund
Series I Shares 0.91% July 1, 2005 June 30, 2006
Series II Shares 1.16% July 1, 2005 June 30, 2006
AIM V.I. Utilities Fund
Series I Shares 1.30% January 1, 2005 April 30, 2006
Series II Shares 1.45% January 1, 2005 April 30, 2006
16
