EXHIBIT d(1)(b)
AMENDMENT NO. 1
MASTER INVESTMENT ADVISORY AGREEMENT
The Master Investment Advisory Agreement (the "Agreement"), dated
, 2003, by and between AIM International Mutual Funds, a Delaware
statutory trust, and A I M Advisors, Inc., a Delaware corporation, is hereby
amended as follows:
W I T N E S S E T H :
WHEREAS, the parties desire to amend the Agreement to add the following
portfolios: INVESCO International Core Equity Fund and INVESCO European Fund.
NOW, THEREFORE, the parties agree as follows;
1. Schedule A and Schedule B to the Agreement are hereby deleted in
their entirety and replaced with the following:
"SCHEDULE A
FUNDS AND EFFECTIVE DATES
NAME OF FUND EFFECTIVE DATE OF ADVISORY AGREEMENT
------------ ------------------------------------
AIM Asia Pacific Growth Fund [ , 2003]
AIM European Growth Fund [ , 2003]
AIM Global Aggressive Growth Fund [ , 2003]
AIM Global Growth Fund [ , 2003]
AIM International Growth Fund [ , 2003]
INVESCO European Fund [ , 2003]
INVESCO International Core Equity Fund [ , 2003]
APPENDIX B
COMPENSATION TO THE ADVISOR
The Trust shall pay the Advisor, out of the assets of a Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below. Such fee shall be calculated by applying the following annual rates to
the average daily net assets of such Fund for the calendar year computed in the
manner used for the determination of the net asset value of shares of such Fund.
AIM ASIA PACIFIC GROWTH FUND
AIM EUROPEAN GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million................................................... 0.95%
Over $500 million.................................................... 0.90%
AIM GLOBAL AGGRESSIVE GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $1 billion..................................................... 0.90
Over $1 billion...................................................... 0.85%
AIM GLOBAL GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $1 billion..................................................... 0.85%
Over $1 billion...................................................... 0.80%
AIM INTERNATIONAL GROWTH FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $1 billion..................................................... 0.95%
Over $1 billion...................................................... 0.90%
INVESCO INTERNATIONAL CORE EQUITY FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $500 million................................................... 0.75%
Next $500 million.................................................... 0.65%
From $1 billion...................................................... 0.55%
From $2 billion...................................................... 0.45%
From $4 billion...................................................... 0.40%
From $6 billion...................................................... 0.375%
From $8 billion...................................................... 0.35%
INVESCO EUROPEAN FUND
NET ASSETS ANNUAL RATE
---------- -----------
First $350 million................................................... 0.75%
Next $350 million.................................................... 0.65%
From $700 million.................................................... 0.55%
From $2 billion...................................................... 0.45%
From $4 billion...................................................... 0.40%"
2. In all other respects, the Agreement is hereby confirmed and remains
in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed by their respective officers on the date first written above.
AIM INTERNATIONAL MUTUAL FUNDS
Attest: By:
------------------------------ ------------------------------
Assistant Secretary ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President
(SEAL)
A I M ADVISORS, INC.
Attest: By:
------------------------------ ------------------------------
Assistant Secretary ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇
President
(SEAL)