INVESCO CAPITAL APPRECIATION FUNDS, INC.
(July 3, 1997)
INVESCO GROWTH FUND, INC.
(January 1, 1997)
INVESCO INDUSTRIAL INCOME FUND, INC.
(November 1, 1996)
INVESCO MULTIPLE-ASSET FUNDS, INC.
(December 1, 1996)
INVESCO SPECIALTY FUNDS, INC.
INVESCO Asian Growth Fund
INVESCO European Small Company Fund
INVESCO Latin American Growth Fund
INVESCO Worldwide Capital Goods Fund
INVESCO Worldwide Communications Fund
(December 1, 1996)
INVESCO Realty Fund
(June 30, 1997)
Supplement to Prospectuses of Above Funds,
Dates of Which Are Indicated in Parenthesis
At numerous places in each of the above Funds' Prospectuses, it is noted that
INVESCO Funds Group, Inc. ("IFG") is the investment adviser, administrator,
transfer agent and distributor of the Fund(s). Effective September 30, 1997,
INVESCO Distributors, Inc. ("IDI"), a newly-created wholly-owned subsidiary of
IFG, will become the distributor of the Fund(s). Effective on that date, INVESCO
Capital Appreciation Funds, Inc., INVESCO Growth Fund, Inc., INVESCO Industrial
Income Fund, Inc., INVESCO Multiple-Asset Funds, Inc. and INVESCO Specialty
Funds, Inc. (the "Companies") entered into new Distribution Agreements and new
12b-1 Plans and Agreements of Distribution (the "Agreements") with IDI that are
substantially identical to the corresponding agreements the Companies had with
IFG for distribution services. The Agreements were approved by each Company's
Board of Directors at a meeting held on September 2, 1997. The Agreements in no
way change the basis upon which distribution services are being provided to the
Fund(s) by IFG-affiliated companies. IFG remains the investment adviser,
administrator and transfer agent for the Fund(s).
The date of this Supplement is September 29, 1997.
<PAGE>
INVESCO CAPITAL APPRECIATION FUNDS, INC.
(July 3, 1997)
INVESCO GROWTH FUND, INC.
(January 1, 1997)
INVESCO INDUSTRIAL INCOME FUND, INC.
(November 1, 1996)
INVESCO MULTIPLE-ASSET FUNDS, INC.
(December 1, 1996)
INVESCO TAX-FREE INCOME FUNDS, INC.
(November 1, 1996)
Supplement to Statements of Additional Information of Above
Companies, Dates of Which Are Indicated in Parenthesis
At numerous places in each Company's Statement of Additional Information, it is
noted that INVESCO Funds Group, Inc. ("IFG") is the investment adviser,
administrator, transfer agent and distributor of the Companies' Fund(s).
Effective September 30, 1997, INVESCO Distributors, Inc. ("IDI"), a
newly-created wholly-owned subsidiary of IFG, will become the distributor of the
Fund(s). Effective on that date, the Companies entered into new Distribution
Agreements and new 12b-1 Plans and Agreements of Distribution (the "Agreements")
with IDI that are substantially identical to the corresponding agreements the
Companies had with IFG for distribution services. The Agreements were approved
by each Company's Board of Directors at a meeting held on September 2, 1997. The
Agreements in no way change the basis upon which distribution services are being
provided to the Fund(s) by IFG- affiliated companies. IFG remains the investment
adviser, administrator and transfer agent for the Fund(s).
The date of this Supplement is September 29, 1997.