A written agreement that established specific guidelines on how a market timer could time investments in AIM Asset Management's funds is the subject of a lawsuit filed by the market timer against AIM's transfer agent.

St. George Money Management of Huntington, N.Y. is suing AIM Financial Services of Houston for breach of contract, claiming AFS violated the terms of a written contract when it cut St. George off from making exchanges on behalf of its clients. St. George is seeking $778,000 in damages, according to a complaint filed in U.S. District Court in New York. AFS denies any wrongdoing and has filed to have the case dismissed, according to Norman Trabulus, St. George's lawyer.

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