INVESCO INCOME FUNDS, INC.
INVESCO Select Income Fund
INVESCO High Yield Fund
INVESCO U.S. Government Securities Fund
INVESCO Short-Term Bond Fund
Supplement to Statement of Additional Information
Dated January 1, 1997
The section of INVESCO Income Funds, Inc. Statement of Additional
Information entitled "Investment Policies and Restrictions - Illiquid and 144A
Securities" is amended to (1) delete the second paragraph and (2) substitute the
following new paragraph in its place:
Each fund also may invest in restricted securities that can be
resold to institutional investors pursuant to Rule 144A under the
Securities Act of 1933, as amended (the "1933 Act") (hereinafter referred
to as "Rule 144A Securities"). These securities may be purchased by the
Funds if a liquid institutional trading market exists. The Company's board
of directors has delegated to Fund management the authority to determine
the liquidity of Rule 144A Securities pursuant to guidelines approved by
the board.
The date of this Supplement is February 12, 1997.
