INVESCO Equity Funds, Inc.
(formerly, INVESCO Capital Appreciation Funds, Inc.)
INVESCO Endeavor Fund
Supplement to Prospectus
Dated September 23, 1998
The following paragraph is inserted as a new item under "Investment Policies And
Risks," before "Foreign Securities" on page 5 of the Prospectus:
Initial Public Offerings. The Fund may invest a portion of its assets in
initial public offerings ("IPOs"), which are typically securities of small,
unseasoned issuers. By definition, IPOs have not traded publicly until the
time of their offerings. Certain risks associated with IPOs may include a
limited number of shares available for trading, unseasoned trading, lack of
investor knowledge of the company, and limited operating history, all of
which may contribute to price volatility. The limited number of shares
available for trading in some IPOs may make it more difficult for the Fund
to buy or sell significant amounts of shares without an unfavorable impact
on prevailing prices. Some companies involved in new industries may be
regarded as developmental stage companies, without revenues or operating
income, or near-term prospects of such.
The date of the Supplement is September 23, 1998.
