THE PRESENT INVENTION IS CONCERNED WITH NOVEL SUBSTITUTED INDAZOLE AND AZA-INDAZOLE DERIVATIVES OF FORMULA (I), WHEREIN R¹, R², R³, R⁴, Y, A¹, A², A³, A⁴, X¹, X², X³ AND HET¹ HAVE THE MEANING DEFINED IN THE CLAIMS. THE COMPOUNDS ACCORDING TO THE PRESENT INVENTION ARE USEFUL AS GAMMA SECRETASE MODULATORS. THE INVENTION FURTHER RELATES TO PROCESSES FOR PREPARING SUCH NOVEL COMPOUNDS, PHARMACEUTICAL COMPOSITIONS COMPRISING SAID COMPOUNDS AS AN ACTIVE INGREDIENT AS WELL AS THE USE OF SAID COMPOUNDS AS A MEDICAMENT. (NO SUITABLE FIGURE)