INVESCO BOND FUNDS, INC.
Supplement to Prospectus Dated October 31, 1999
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 fixed-income INVESCO 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.
The date of this Supplement is January 7, 2000.
