AIM Investments Announces Availability of June Portfolio Information For AIM Select Real Estate Income Fund

Business Wire, July 16, 2004

HOUSTON -- AIM Investments announced today that June portfolio information for AIM Select Real Estate Income Fund (NYSE:RRE), AIM's closed-end real estate fund, is now available upon request.

Fund information may be obtained by accessing www.aiminvestments.com/reit, by calling 800-959-4246 or by writing to A I M Management Group Inc., 11 Greenway Plaza, Suite 100, Houston, Texas 77046-1173. Besides the daily pricing and performance data, information for AIM Select Real Estate Income Fund is updated on or about the 15th day of each month.

About AIM Investments

Houston-based AIM Investments represents one of the nation's leading investment management companies. It 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 under the AIM and INVESCO brand names -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $148 billion in assets under management and approximately 11 million shareholders as of March 31, 2004. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, 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 INVESCO Institutional

INVESCO Institutional (N.A.), Inc. is the North American institutional division of AMVESCAP PLC. It is registered as an investment adviser with the SEC and subadviser to AIM Select Real Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate division of INVESCO Institutional, commenced operations in 1983 and, together with its affiliates, managed or provided advisory services on more than $19 billion in private real estate and publicly traded real estate securities as of March 31, 2004. For more information, visit www.institutional.invesco.com.

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 investment performance and service through a comprehensive array of retail and institutional products for clients around the world. The Company is listed on the London, New York, Paris, and Toronto stock exchanges with the symbol "AVZ." AMVESCAP had $381 billion in assets under management as of March 31, 2004. Additional information is available at www.amvescap.com.