Five AIM funds closed yesterday, a result of reorganization and streamlining by the firm.

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"We had duplicity in the product line," said Ivy McLemore, spokesman for AIM. "We would have liked to close them sooner, but we couldn't for a litany of reasons." Stockholder approval was one of those reasons.

That duplicity was largely the result of recent acquisitions by AIM. Four of the funds that closed, Global Growth & Income, Global Government Income, Emerging Markets Debt and New Pacific Growth, were acquired in mid-1998 from San Francisco-based GT Global Funds. The remaining fund, Advisor Large Cap Value, was purchased from Invesco. 

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