INVESCO CAPITAL APPRECIATION FUNDS INC
NSAR-A, 1997-12-29
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<PAGE>      PAGE  1
000 A000000 10/31/97
000 C000000 000035692
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 INVESCO CAPITAL APPRECIATION FUNDS, INC
001 B000000 811-1474
001 C000000 3039306300
002 A000000 7800 EAST UNION AVENUE
002 B000000 DENVER
002 C000000 CO
002 D010000 80237
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 INVESCO DYNAMICS FUND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
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020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH
020 B000001 13-5674085
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020 A000002 GOLDMAN SACHS
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020 C000002    484
020 A000003 SALOMON SMITH BARNEY
020 B000003 13-1912900
020 C000003    325
020 A000004 NATIONSBANC/MONTGOMERY SEC
020 B000004 94-1701676
020 C000004    156
020 A000005 BT ALEX BROWN & SONS
020 B000005 52-0256630
020 C000005    143
020 A000006 ABN AMRO/CHICAGO CORP
020 B000006 13-3227945
<PAGE>      PAGE  2
020 C000006    131
020 A000007 MORGAN STANLEY
020 B000007 13-2655998
020 C000007    117
020 A000008 PAINEWEBBER INC.
020 B000008 13-2638166
020 C000008    110
020 A000009 FIRST BOSTON CORPORATION
020 B000009 13-5659485
020 C000009     97
020 A000010 BEAR STEARNS
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022 A000001 ASSOCIATES CORP OF NORTH AMERICA
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022 A000007 STATE STREET CAPITAL MARKET
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<PAGE>      PAGE  4
077 G000000 N
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008 A000101 INVESCO FUNDS GROUP, INC.
008 B000101 A
008 C000101 801-1569
008 D010101 DENVER
008 D020101 CO
008 D030101 80237
008 A000102 INVESCO TRUST COMPANY
008 B000102 S
008 C000102 801-12389
008 D010102 DENVER
008 D020102 CO
008 D030102 80237
010 A000101 INVESCO FUNDS GROUP, INC.
010 B000101 801-1569
010 C010101 DENVER
010 C020101 CO
010 C030101 80237
011 A000101 INVESCO DISTRIBUTORS, INC.
011 B000101 8-02856
011 C010101 DENVER
011 C020101 CO
011 C030101 80237
011 C020104 00
012 A000101 INVESCO FUNDS GROUP, INC.
012 B000101 84-0235630
<PAGE>      PAGE  5
012 C010101 DENVER
012 C020101 CO
012 C030101 80237
013 A000101 PRICE WATERHOUSE LLP
013 B010101 DENVER
013 B020101 CO
013 B030101 80202
015 A000101 STATE STREET BANK AND TRUST COMPANY
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02105
015 E010101 X
015 A000102 WESTPACK BANKING CORP
015 B000102 S
015 C010102 SYDNEY
015 D010102 AUSTRALIA
015 E040102 X
015 A000103 CITIBANK, N.A.
015 B000103 S
015 C010103 BUENOS AIRES
015 D010103 ARGENTINA
015 E040103 X
015 A000104 CITIBANK, N.A.
015 B000104 S
015 C010104 SAO PAULO
015 D010104 BRAZIL
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015 A000105 HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000105 S
015 C010105 SHANGHAI
015 D010105 CHINA
015 E040105 X
015 A000106 BERLINER HANDELS UND FRANKFURTER BANK
015 B000106 S
015 C010106 FRANKFURT
015 D010106 GERMANY
015 E040106 X
015 A000107 STANDARD CHARTERED BANK
015 B000107 S
015 C010107 HONG KONG
015 D010107 CHINA
015 E040107 X
015 A000108 STANDARD CHARTERED BANK PLC
015 B000108 S
015 C010108 JAKARTA
015 D010108 INDONESIA
015 E040108 X
015 A000109 THE SUMITOMO TRUST AND BANKING CO. LTD.
015 B000109 S
015 C010109 TOKYO
<PAGE>      PAGE  6
015 D010109 JAPAN
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015 A000110 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000110 S
015 C010110 KUALA LUMPUR
015 D010110 MALAYSIA
015 E040110 X
015 A000111 CITIBANK MEXICO S.A.
015 B000111 S
015 C010111 MEXICO CITY
015 D010111 MEXICO
015 E040111 X
015 A000112 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000112 S
015 C010112 WELLINGTON
015 D010112 NEW ZEALAND
015 E040112 X
015 A000113 STANDARD CHARTERED BANK PLC
015 B000113 S
015 C010113 MANILA
015 D010113 PHILIPPINES
015 E040113 X
015 A000114 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000114 S
015 C010114 SINGAPORE
015 D010114 SINGAPORE
015 E040114 X
015 A000115 LOMBARD ODIER ET CIE
015 B000115 S
015 C010115 GENEVA
015 D010115 SWITZERLAND
015 E040115 X
015 A000116 STANDARD CHARTERED BANK
015 B000116 S
015 C010116 BANGKOK
015 D010116 THAILAND
015 E040116 X
015 A000117 SEOULBANK
015 B000117 S
015 C010117 SEOUL
015 D010117 KOREA
015 E040117 X
015 A000118 MAESPIERSON N.V.
015 B000118 S
015 C010118 AMSTERDAM
015 D010118 NETHERLANDS
015 E040118 X
015 A000119 SKANDINAVISKA ENSKILDA BANKEN
015 B000119 S
015 C010119 STOCKHOLM
015 D010119 SWEDEN
<PAGE>      PAGE  7
015 E040119 X
015 A000120 STATE STREET BANK & TRUST COMPANY
015 B000120 S
015 C010120 LONDON
015 D010120 UNITED KINGDOM
015 E040120 X
015 A000121 BANQUE PARIBAS
015 B000121 S
015 C010121 PARIS
015 D010121 FRANCE
015 E040121 X
018  000100 Y
019 A000100 Y
019 B000100   46
019 C000100 INVESCOFUN
024  000100 Y
025 A000101 HOUSEHOLD FINANCE
025 B000101 36-1239445
025 C000101 D
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025 A000102 STATE STREET
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<PAGE>      PAGE  8
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<PAGE>      PAGE  10
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066 A000100 Y
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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SIGNATURE   JUDY P. WIESE                                
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000035692
<NAME> INVESCO CAPITAL APPRECIATION FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> INVESCO DYNAMICS FUND
       
<S>                             <C>
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