INVESCO BOND FUNDS, INC.
INVESCO High Yield Fund
INVESCO Select Income Fund
INVESCO Tax-Free Bond Fund
INVESCO U.S. Government Securities Fund
Supplement to Prospectus dated October 31, 1999
Effective January 31, 2000, the existing class of shares of INVESCO High Yield
Fund, INVESCO Select Income Fund, INVESCO Tax-Free Bond Fund, and INVESCO U.S.
Government Securities Fund is hereby designated as "Investor Class."
Effective immediately, the section of the Funds' Prospectus entitled "Risks
Associated With Particular Investments - Foreign Securities Risks" is amended to
(1) delete the second sentence of the first paragraph and (2) substitute
the following in its place:
High Yield and Select Income Funds may invest up to 25% of their assets in
foreign debt securities.
Effective immediately, the section of the Prospectus entitled "Portfolio
Managers" is amended to (1) delete the first, second, fourth and fifth
paragraphs and (2) substitute the following paragraphs for the first, second and
fifth paragraphs, respectively:
The following individuals are primarily responsible for the day-to-day
management of each Fund's portfolio holdings:
FUND PORTFOLIO MANAGER(S)
High Yield Donovan J. (Jerry) Paul
Select Income Donovan J. (Jerry) Paul
Tax-Free Bond Donovan J. (Jerry) Paul
U.S. Government Securities Richard R. Hinderlie
DONOVAN J. (JERRY) PAUL, a senior vice president of INVESCO, is the
portfolio manager of High Yield, Select Income and Tax-Free Bond Funds.
Jerry manages several other INVESCO fixed-income funds. Before joining
INVESCO in 1994, he was with Stein, Roe & Farnham, Inc. and Quixote
Investment Management. Jerry is a Chartered Financial Analyst and a
Certified Public Accountant. He received his M.B.A. from the University
of Northern Iowa and his B.B.A. from the University of Iowa.
Dick Hinderlie is a member of the INVESCO Fixed-Income Team, which is led
by Jerry Paul.
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Effectively immediately, the section of the Funds' Prospectus entitled "Your
Account Services" is amended to add the following new subsection after the
subsection entitled "Telephone Transactions":
HOUSEHOLDING. To save money for the Funds, INVESCO will send only one copy
of a prospectus or financial report to each household address. This
process, known as "householding," is used for most required shareholder
mailings. It does not apply to account statements. You may, of course,
request an additional copy of a prospectus or financial report at any time
by calling or writing INVESCO. You may also request that householding be
eliminated from all of your required mailings.
This Supplement supercedes the Supplement dated January 7, 2000.
The date of this Supplement is January 26, 2000.
