INVESCO ADVANTAGE SERIES FUNDS INC
497, 2000-09-01
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                      INVESCO Advantage Series Funds, Inc.

                     Supplement to Statement of Additional Information
                    Dated July 1, 2000, As Supplemented August 24, 2000


The section of the Statement of Additional  Information  entitled "Management of
the Fund -  Distributor"  is amended to (1)  delete  the third  sentence  of the
second paragraph and (2) substitute the following in its place:

      During any  period in which the Fund is closed  due to high asset  levels,
      the Class A shares of the Fund will reduce this  payment of 0.35% to 0.25%
      per annum.

The date of this Supplement is September 1, 2000.



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