INVESCO ADVANTAGE SERIES FUNDS INC
N-1A/A, EX-99.P(11)POA, 2000-06-29
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                                POWER OF ATTORNEY

      The person  executing  this Power of Attorney  hereby  appoints  Edward F.
O'Keefe and Glen A. Payne, or either of them, as her attorney-in-fact to execute
and to file such Registration  Statement under federal and state securities laws
and  such  Post-Effective  Amendments  to  such  Registration  Statement  of the
hereinafter  described entity as such  attorney-in-fact,  or either of them, may
deem appropriate:

      INVESCO Advantage Series Funds, Inc.

      This Power of Attorney,  which shall not be affected by the  disability of
the undersigned, is executed and effective as of the 19th day of June, 2000.


                                                       /s/ Wendy L. Gramm
                                                       ----------------------
                                                       Wendy L. Gramm
                                                       Director

STATE OF VIRGINIA                )
                                 ) ss.
COUNTY OF ARLINGTON              )


      SUBSCRIBED,  SWORN TO AND ACKNOWLEDGED  before me by Wendy L. Gramm,
as a director of the above-described entity, this 19th day of June, 2000.


                                    /s/ Lisa M. Korsak
                                    ------------------
                                    Notary Public
                                    Commissioned as:  Lisa Michele Metheny

My Commission Expires: April 30, 2003







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