INVESCO BOND FUNDS INC
497, 2000-06-21
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                            INVESCO BOND FUNDS, INC.

               Supplement to Investor Class Prospectus dated October 31, 1999

The section of the Prospectus  entitled  "Portfolio  Managers" is amended to (1)
delete the first  paragraph and (2)  substitute  the following  paragraph in its
place:

      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                 Richard A. Berry
                                    Stephen D. Turman
      U.S. Government Securities    Richard R. Hinderlie

The section of the Prospectus  entitled  "Portfolio  Managers" is amended to add
the following paragraph after the fourth paragraph:

      Stephen D. Turman,  a vice president and portfolio  manager of AIM, is the
      co-portfolio  manager of Tax-Free Bond Fund. Stephen manages several other
      AIM  fixed-income  funds.  Before  joining  AIM  in  1985,  he  worked  in
      institutional  sales for Dean  Witter.  Stephen is a  Chartered  Financial
      Analyst.  He holds a B.B.A.  in finance  from the  University  of Texas at
      Arlington.

The date of this Supplement is June 21, 2000.


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                            INVESCO BOND FUNDS, INC.

                  Supplement to Class C Prospectus dated February 15, 2000


The section of the Prospectus  entitled  "Portfolio  Managers" is amended to (1)
delete the first  paragraph and (2)  substitute  the following  paragraph in its
place:

      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                 Richard A. Berry
                                    Stephen D. Turman
      U.S. Government Securities    Richard R. Hinderlie

The section of the Prospectus  entitled  "Portfolio  Managers" is amended to add
the following paragraph after the fourth paragraph:

      Stephen D. Turman,  a vice president and portfolio  manager of AIM, is the
      co-portfolio  manager of Tax-Free Bond Fund. Stephen manages several other
      AIM  fixed-income  funds.  Before  joining  AIM  in  1985,  he  worked  in
      institutional  sales for Dean  Witter.  Stephen is a  Chartered  Financial
      Analyst.  He holds a B.B.A.  in finance  from the  University  of Texas at
      Arlington.

The date of this Supplement is June 21, 2000.



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