AVZ Amvescap

AIM Investments announced today that R. Canon Coleman II will become lead portfolio manager of AIM Mid Cap Basic Value Fund effective Nov. 1, 2006. Mr. Coleman, who joined AIM Investments in 2000 as an analyst on the Basic Value Team and named a portfolio manager in 2003, replaces Bret W. Stanley as lead manager of the fund. Mr. Stanley will remain as a co-manager along with Michael J. Simon. Michael Chapman, who recently joined the Basic Value Team and has more than 10 years experience working in the mid-cap space, also will become co-manager of the fund. Mr. Stanley will continue as lead manager of AIM Basic Balanced Fund, AIM Basic Value Fund, AIM Large Cap Basic Value Fund, AIM V.I. Basic Balanced Fund, and AIM V.I. Basic Value Fund. �This move follows recent additions to our team and my belief that all of our Basic Value shareholders will benefit from the increased focus that will result from this structure,� said Mr. Stanley, head of AIM�s value investing group. �Given Canon�s success on the Basic Value Team, we are confident in his ability to execute the Basic Value investment process and provide effective leadership for this important fund,� said J. Philip Ferguson, AIM�s chief investment officer. Mr. Coleman is a CFA charterholder and joined AIM after serving in the corporate associate program at AMVESCAP PLC, the parent company of AIM. Previously, Mr. Coleman worked as a certified public accountant with Deloitte & Touche from 1993 to 1997. He earned Bachelor of Science and Master of Science degrees in accounting from the University of Florida and a Master of Business Administration degree from The Wharton School at the University of Pennsylvania. Mr. Chapman joined AIM in 2001 and served on various mid- and small-cap investment teams before joining the Basic Value Team in 2006. About AIM Investments AIM Investments 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, exchange-traded funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. For more information, visit www.aiminvestments.com. AIM Investments had approximately $146 billion in assets under management as of Sept. 30, 2006. 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 $441 billion in assets under management as of Sept. 30, 2006, 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. For this and other information about AIM variable insurance funds, obtain a prospectus from the product issuer or an investment professional that is an insurance-licensed agent and read it carefully before investing. The AIM variable insurance funds are used solely as investment vehicles by insurance company separate accounts to fund variable annuity contracts and variable life insurance policies. You cannot purchase shares of the funds directly. Expenses and fees are determined by product issuers and will vary. The Chartered Financial Analyst� (CFA�) designation is a globally recognized standard for measuring the competence and integrity of investment professionals. A I M Distributors, Inc. AIM Investments announced today that R. Canon Coleman II will become lead portfolio manager of AIM Mid Cap Basic Value Fund effective Nov. 1, 2006. Mr. Coleman, who joined AIM Investments in 2000 as an analyst on the Basic Value Team and named a portfolio manager in 2003, replaces Bret W. Stanley as lead manager of the fund. Mr. Stanley will remain as a co-manager along with Michael J. Simon. Michael Chapman, who recently joined the Basic Value Team and has more than 10 years experience working in the mid-cap space, also will become co-manager of the fund. Mr. Stanley will continue as lead manager of AIM Basic Balanced Fund, AIM Basic Value Fund, AIM Large Cap Basic Value Fund, AIM V.I. Basic Balanced Fund, and AIM V.I. Basic Value Fund. "This move follows recent additions to our team and my belief that all of our Basic Value shareholders will benefit from the increased focus that will result from this structure," said Mr. Stanley, head of AIM's value investing group. "Given Canon's success on the Basic Value Team, we are confident in his ability to execute the Basic Value investment process and provide effective leadership for this important fund," said J. Philip Ferguson, AIM's chief investment officer. Mr. Coleman is a CFA charterholder and joined AIM after serving in the corporate associate program at AMVESCAP PLC, the parent company of AIM. Previously, Mr. Coleman worked as a certified public accountant with Deloitte & Touche from 1993 to 1997. He earned Bachelor of Science and Master of Science degrees in accounting from the University of Florida and a Master of Business Administration degree from The Wharton School at the University of Pennsylvania. Mr. Chapman joined AIM in 2001 and served on various mid- and small-cap investment teams before joining the Basic Value Team in 2006. About AIM Investments AIM Investments 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, exchange-traded funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans and offshore products. For more information, visit www.aiminvestments.com. AIM Investments had approximately $146 billion in assets under management as of Sept. 30, 2006. 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 $441 billion in assets under management as of Sept. 30, 2006, 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. For this and other information about AIM variable insurance funds, obtain a prospectus from the product issuer or an investment professional that is an insurance-licensed agent and read it carefully before investing. The AIM variable insurance funds are used solely as investment vehicles by insurance company separate accounts to fund variable annuity contracts and variable life insurance policies. You cannot purchase shares of the funds directly. Expenses and fees are determined by product issuers and will vary. The Chartered Financial Analyst(R) (CFA(R)) designation is a globally recognized standard for measuring the competence and integrity of investment professionals. A I M Distributors, Inc.