NOTES TO FINANCIAL STATEMENTS
October 31, 1995
NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES
AIM Charter Fund (the "Fund") is a series portfolio of AIM Equity Funds, Inc. (the "Company"). The Company
is a Maryland corporation registered under the Investment Company Act of 1940, as amended (the "1940 Act"),
as an open-end series management investment company consisting of four diversified portfolios:
AIM Charter Fund, AIM Weingarten Fund, AIM Constellation Fund and AIM Aggressive Growth Fund. The
Fund currently offers three different classes of shares: Class A shares, Class B shares and the Institutional Class.
Matters affecting each portfolio or class will be voted on exclusively by the shareholders of such portfolio or
class. The assets, liabilities and operations of each portfolio are accounted for separately. Information presented
in these financial statements pertains only to the Fund. The following is a summary of significant accounting
policies followed by the Fund in the preparation of its financial statements.
A. Security Valuations - Except as provided in the next sentence, a security listed or traded on an exchange is
valued at its last sales price on the exchange where the security is principally traded, or lacking any sales on a
particular day, the security is valued at the mean between the closing bid and asked prices on that day. Exchange
listed convertible bonds are valued at the mean between the closing bid and asked prices obtained from a
broker- dealer. Each security traded in the over-the-counter market (but not including securities reported on the
NASDAQ National Market System) is valued at the mean between the last bid and asked prices based upon
quotes furnished by market makers for such securities. Each security reported on the NASDAQ National
Market System is valued at the last sales price on the valuation date, or absent a last sales price, at the mean of
the closing bid and asked prices. Debt obligations that are issued or guaranteed by the U.S. Treasury are valued
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