INVESCO MONEY MARKET FUNDS INC
497, 2000-06-01
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                        INVESCO MONEY MARKET FUNDS, INC.

        Supplement to Investor Class Prospectus dated September 30, 1999

The existing class of shares of INVESCO Cash Reserves Fund is hereby  designated
as "Investor Class."

The  section  of the  Prospectus  entitled  "Fees  And  Expenses  - Annual  Fund
Operating  Expenses That Are Deducted From Fund Assets" is amended to (1) delete
the table and the footnotes and (2) substitute the following,  respectively,  in
their place:

      ANNUAL FUND OPERATING EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS

      CASH RESERVES FUND
      Management Fee                                  0.40%
      Distribution and Service (12b-1) Fees           None
      Other Expenses(1)(2)(3)                         0.58%
                                                      -----
      Total Annual Fund Operating Expenses(1)(2)(3)   0.98%
                                                      =====

      TAX-FREE MONEY FUND
      Management Fee                                  0.50%
      Distribution and Service (12b-1) Fees           None
      Other Expenses(1)(2)(3)                         0.57%
                                                      -----
      Total Annual Fund Operating Expenses(1)(2)(3)   1.07%
                                                      =====

      U.S. GOVERNMENT MONEY FUND
      Management Fee                                  0.50%
      Distribution and Service (12b-1) Fees           None
      Other Expenses(1)(2)(3)                         0.65%
                                                      -----
      Total Annual Fund Operating Expenses(1)(2)(3)   1.15%
                                                      =====

      (1)Each Fund's actual Total Annual Operating  Expenses were lower than the
         figures shown,  because their custodian fees were reduced under expense
         offset arrangements.
      (2)The expense  information  presented in the table has been restated from
         the financials to reflect a change in the  administrative  services and
         transfer agency fees.
      (3)Certain  expenses  of each Fund were  absorbed  voluntarily  by INVESCO
         pursuant  to  commitments  to those  Funds.  These  commitments  may be
         changed at any time following consultation with the board of directors.
         After absorption,  Cash Reserves Fund's Other Expenses and Total Annual
         Fund  Operating  Expenses  were 0.50% and 0.90%,  respectively,  of the
         Fund's  average net assets;  Tax-Free  Money Fund's Other  Expenses and

<PAGE>

         Total   Annual   Fund   Operating   Expenses   were  0.32%  and  0.82%,
         respectively,  of the Fund's  average net assets;  and U.S.  Government
         Money Fund's Other  Expenses and Total Annual Fund  Operating  Expenses
         were 0.36% and 0.86%, respectively, of the Fund's average net assets.

The section of the Prospectus  entitled "Fees And Expenses - Example" is amended
to (1) delete the second  paragraph  and (2)  substitute  the  following  in its
place:

      The  Example  assumes  that you  invested  $10,000  in a Fund for the time
      periods  indicated  and  redeemed  all of your  shares  at the end of each
      period.  The Example also assumes that your  investment had a hypothetical
      5% return  each year and that a Fund's  operating  expenses  remained  the
      same. Although the actual costs and performance of a Fund may be higher or
      lower, based on these assumptions your costs would have been:

                                     1 Year      3 Years     5 Years    10 Years
      Cash Reserves Fund             $  100      $  312      $  542     $1,201
      Tax-Free Money Fund            $  109      $  340      $  590     $1,306
      U.S. Government Money Fund     $  117      $  365      $  633     $1,398

The section of the Prospectus entitled "How To Buy Shares" is amended to add the
following sentence at the end of the first paragraph:

      If you do not specify a fund or funds,  your  initial  investment  and any
      subsequent purchases will automatically go into INVESCO Cash Reserves Fund
      - Investor Class, a series of INVESCO Money Market Funds, Inc.

The section of the 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 Supplements  dated January 31, 2000 and April 1,
2000.

The date of this Supplement is June 1, 2000.

<PAGE>


                        INVESCO MONEY MARKET FUNDS, INC.

            Supplement to Class C Prospectus dated February 15, 2000

The  section  of the  Prospectus  entitled  "Fees  And  Expenses  - Annual  Fund
Operating  Expenses That Are Deducted From Fund Assets" is amended to (1) delete
the table and (2) substitute the following in its place:

      ANNUAL FUND OPERATING EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS

      CASH RESERVES FUND - CLASS C
      Management Fee                                  0.40%
      Distribution and Service (12b-1) Fees(1)        1.00%
      Other Expenses(2)                               0.58%
                                                      -----
      Total Annual Fund Operating Expenses(2)         1.98%
                                                      =====

The footnotes are not affected by these changes.

The section of the Prospectus entitled "Fees And Expenses - Examples" is amended
to (1) delete the second  paragraph  and (2)  substitute  the  following  in its
place:

      The  Examples  assume that you  invested  $10,000 in Class C shares of the
      Fund for the time periods  indicated.  The first Example  assumes that you
      redeem all of your shares at the end of each  period.  The second  Example
      assumes  you keep  your  shares.  Both  Examples  also  assume  that  your
      investment  had a  hypothetical  5% return  each year and that the  Fund's
      Class C shares' operating expenses remained the same.  Although the actual
      costs and performance of the Fund's Class C shares may be higher or lower,
      based on these assumptions your costs would have been:

      IF SHARES ARE REDEEMED             1 year    3 years    5 years   10 years
      Cash Reserves Fund - Class C       $  301    $  621     $1,068    $2,251


      IF SHARES ARE NOT REDEEMED         1 year    3 years    5 years   10 years
      Cash Reserves Fund - Class C       $  201    $  621     $1,068    $2,251


The date of this Supplement is June 1, 2000.



<PAGE>


                        INVESCO MONEY MARKET FUNDS, INC.

               Supplement to Statement of Additional Information
                             dated February 15, 2000


The section of the Statement of Additional  Information  entitled "Management of
the Funds Transfer Agency Agreement" is amended to (1) delete the first sentence
of the second paragraph and (2) substitute the following in its place:

      The  Transfer  Agency  Agreement  provides  that each Fund pays INVESCO an
      annual fee of $29.50 per shareholder  account,  or, where applicable,  per
      participant  in an omnibus  account.  Prior to June 1, 2000,  this fee was
      $27.00.

The date of this Supplement is June 1, 2000.




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