NOTE 1--SIGNIFICANT ACCOUNTING POLICIES
AIM Growth Series (the "Trust") is organized as a Delaware statutory trust and is registered under the Investment
Company Act of 1940, as amended (the "1940 Act"), as an open-end series management investment company
consisting of seventeen separate series portfolios (each constituting a "Fund"), each authorized to issue an
unlimited number of shares of beneficial interest. The Funds covered in this report are AIM Independence Now
Fund, AIM Independence 2010 Fund, AIM Independence 2020 Fund, AIM Independence 2030 Fund, AIM
Independence 2040 Fund and AIM Independence 2050 Fund (collectively, the "Funds"). The assets, liabilities
and operations of each Fund are accounted for separately. Information presented in these financial statements
pertains only to the Funds. Matters affecting each Fund or class will be voted on exclusively by the shareholders
of such Fund or class.
The investment objective's: to provide current income and, as a secondary objective, capital appreciation for
AIM Independence Now Fund; and to provide capital appreciation and current income, consistent with their
current asset allocation strategies for AIM Independence 2010 Fund, AIM Independence 2020 Fund, AIM
Independence 2030 Fund, AIM Independence 2040 Fund and AIM Independence 2050 Fund.
Each Fund currently consists of six different classes of shares: Class A, Class B, Class C, Class R, Class Y and
Institutional Class. Class A shares are sold with a front-end sales charge unless certain waiver criteria are met and
under certain circumstances load waiver shares may be subject to contingent deferred sales charges ("CDSC").
Class B shares and Class C shares are sold with a CDSC. Class R, Class Y and Institutional Class shares are
sold at net asset value. Under certain circumstances, Class R shares are subject to a CDSC. Generally, Class B
shares will automatically convert to Class A shares on or about the month-end which is at least eight years after
the date of purchase.