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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 3

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(h) of the Investment Company Act of 1940


1.	Name and Address of Reporting Person* (Last, First, Middle)	2.	Date of Event Requiring Statement (Month/Day/Year)	3.	I.R.S. Identification Number of Reporting Person, if an entity (voluntary)
	Martin, Nancy L.		4/1/03
	11 Greenway Plaza, Suite 100 (Street)	4.	Issuer Name and Ticker or Trading Symbol	5.	Relationship of Reporting Person(s) to Issuer (Check All Applicable)
	11 Greenway Plaza, Suite 100 (Street)		AIM Select Real Estate Income Fund ("RRE")		o Director o 10% Owner	x Officer (give title below) o Other (specify below)
	Houston, TX 77046 (City) (State) (Zip)	6.	If Amendment, Date of Original (Month/Day/Year)
	Houston, TX 77046 (City) (State) (Zip)			7.	Individual or Joint/Group Filing (Check Applicable Line)
					x Form filed by One Reporting Person o Form filed by More than One Reporting Person

*		If the form is filed by more than one reporting person, see Instruction 5(b)(v).

Reminder:		Report on a separate line for each class of securities beneficially owned directly or indirectly.


Table I — Non-Derivative Securities Beneficially Owned

1.	Title of Security (Instr. 4)	2.	Amount of Securities Beneficially Owned (Instr. 4)		3.	Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4.	Nature of Indirect Beneficial Ownership (Instr. 5)

	Common Shares of Beneficial Interest			None

	Preferred Shares			None

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Table II — Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

Title of
Derivative
Security
(Instr. 4)

Date Exercisable and
Expiration Date
(Month/Day/Year)

Title and Amount of Securities
Underlying Derivative Security
(Instr. 4)

Conversion or
Exercise Price
of Derivative
Security

Ownership Form of
Derivative Security:
Direct (D) or Indirect (I)
(Instr. 5)

Nature of Indirect Beneficial Ownership
(Instr. 5)

Date
Exer-
cisable

Expi-
ration
Date

Title

Amount
or
Number
of Shares

None

Explanation of Responses:

/s/ Nancy L. Martin		4/3/03
**Signature of Reporting Person		Date


**		Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:		File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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AIM SELECT REAL ESTATE INCOME FUND 3