INVESCO ADVANTAGE SERIES FUNDS INC
497, 2000-07-11
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                      INVESCO ADVANTAGE SERIES FUNDS, INC.

                             INVESCO ADVANTAGE FUND

                            Supplement to Prospectus

                               Dated July 1, 2000

The Fund's  distributor  will solicit  orders to purchase  Fund shares during an
initial offering period from July 24, 2000 to August 24, 2000 (the "Subscription
Period"). Orders received during the Subscription Period will be accepted by the
Fund and  invested  at the  initial  public  offering  price of $10 per share on
August 24, 2000.  Payments  accompanying orders received during the Subscription
Period will be held by the Fund's  transfer agent uncashed and uninvested  until
that time.

Shares of the Fund  will not be  available  to the  public  prior to the  Fund's
commencement  of its public  offering of shares except through the  subscription
offer.  The Fund will close sales to new investors  following  the  Subscription
Period (the "Closed  Period").  The length of the Closed Period will depend upon
the amount invested  during the  Subscription  Period,  with the exact length of
time to be determined by INVESCO at the close of the Subscription  Period. After
the Subscription Period,  broker-dealers,  including INVESCO Distributors,  Inc.
and other financial intermediaries,  receive remuneration for sales of shares of
the Fund, as well as recordkeeping and shareholder servicing of purchases of the
Fund's Shares.

The date of this Supplement is July 10, 2000.



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