Welcome to AIM Private Asset Management and INVESCO Managed Accounts

On behalf of AIM Investments^®, we are pleased to update you on a new initiative within the U.S. distribution functions of AIM Private Asset Management (“APAM”) and INVESCO Managed Accounts (“IMA”). Under our new business model, the distribution of managed accounts from APAM and IMA will be merged into a single platform under APAM with products drawn from throughout our organization and distributed through APAM. In the near future IMA web site information will be integrated into APAM’s web site, which can be accessed by both investors and financial advisors at www.aiminvestments.com/sma.

If you are a financial advisor and would like to receive information on INVESCO's Managed Account products, please contact your Separate Account Specialist ("SAS") at 800.349.0953. Your SAS can also give you an access code that can be used to register for the APAM financial advisor web site.

If you are NOT a financial advisor, you can access our public APAM site to obtain information on our managed accounts or access our public AIM web site for information on AIM's investment products and services. You may also call 800.347.1919 for assistance.

AIM Investments^® is a registered 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. AIM Private Asset Management, Inc. ("APAM") provides investment advisory services to individual and institutional clients, and does not sell securities. INVESCO Managed Accounts ("IMA") is a division of INVESCO Institutional (N.A.) Inc. ("INVESCO"), a registered investment adviser under the Investment Advisers Act of 1940.

AIM Private Asset Management, Inc. ("APAM") and INVESCO Institutional (N.A.) Inc. ("INVESCO") have entered into solicitation agreements with each other whereby each is authorized to market the investment advisory services of the other. In addition, APAM has entered into a solicitation agreement with INVESCO Global Asset Management (N.A.) Inc. ("IGNA") whereby APAM is authorized to market IGNA's investment advisory services. At the present time, none of these entities receive any compensation for solicitation activities from the others. APAM, INVESCO, and IGNA are related entities in that they are indirect wholly owned subsidiaries of AMVESCAP PLC.

AIM Private Asset Management, Inc. 1/2006