INVESCO STOCK FUNDS, INC.
INVESCO S&P 500 INDEX FUND
Supplement to Institutional Class Prospectus dated August 31, 1999
The existing class of shares of INVESCO S&P 500 Index Fund - Class I is hereby
designated as "Institutional 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
S&P 500 INDEX FUND
Management Fee 0.25%
Distribution and Service (12b-1) Fees None
Other Expenses(1)(2)(3) 1.20%
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Total Annual Fund Operating Expenses(1)(2)(3) 1.45%
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(1)The Fund's actual Total Annual Fund Operating Expenses were lower than
the figures shown because its custodian fees were reduced under an
expense offset arrangement.
(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 the Fund were absorbed voluntarily by INVESCO
pursuant to a commitment to the Fund. This commitment may be changed at
any time following consultation with the board of directors. After
absorption, the Fund's Other Expenses and Total Annual Fund Operating
Expenses were 0.14% and 0.39%, 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 the Institutional Class
shares of the 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
Institutional Class shares' operating expenses remained the same. Although
the actual costs and performance of the Fund's Institutional Class shares
may be higher or lower, based on these assumptions your costs would have
been:
1 YEAR 3 YEARS 5 YEARS 10 YEARS
$ 148 $ 459 $ 792 $1,735
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The section of the Prospectus entitled "How To Buy Shares" is amended to (1)
delete the first, second, third, fourth and fifth paragraphs and (2) substitute
the following in their place:
The Fund offers multiple classes of shares. Each class represents an
identical interest in the Fund and has the same rights, except that each
class bears its own distribution and shareholder servicing charges, and
other expenses. The income attributable to each class and the dividends
payable on the shares of each class will be reduced by the amount of the
distribution fee or service fee, if applicable, and the other expenses
payable by that class.
In deciding which class of shares to purchase, you should consider among
other things, (i) the length of time you expect to hold the shares, (ii)
the provisions of the distribution plan applicable to the class, if any,
and (iii) the eligibility requirements that apply to purchases of a
particular class. Institutional Class shares are intended for use by
institutions such as employee benefit plans, retirement plan sponsors and
banks acting for themselves or in a fiduciary or similar capacity. Shares
of the Institutional Class of the Fund are available for the collective
and common trust funds of banks, banks investing for their own account and
banks investing for the account of a public entity (e.g., Taft-Hartley
funds, states, cities, or government agencies) that does not pay
commissions or distribution fees.
The following chart shows several convenient ways to invest in the Fund.
There is no charge to invest, exchange or redeem shares when you make
transactions directly through INVESCO. However, upon a redemption or an
exchange of shares held three months or less (other than shares acquired
through reinvestment of dividends or other distributions), a fee of 1% of
the current net asset value of the shares being redeemed or exchanged will
be assessed and retained by the Fund for the benefit of the remaining
shareholders. If you invest in the Fund through a securities broker, you
may be charged a commission or transaction fee for either purchases or
sales of Fund shares. For all new accounts, please send a completed
application form, and specify the fund or funds you wish to purchase.
INVESCO reserves the right to increase the Fund's minimum investment
requirements in its sole discretion if it determines this action is in the
best interests of the Fund's shareholders. INVESCO will aggregate all of
an institutional investor's accounts and sub-accounts for the purpose of
meeting the Institutional Class' minimum investment requirements. INVESCO
reserves the right in its sole discretion to reject any order to buy the
Fund's Institutional class of shares, including purchases by exchange.
INSTITUTIONAL INVESTORS:
Minimum Initial Investment $10,000,000
Minimum Balance $5,000,000
Minimum Subsequent Investment $1,000,000
RETIREMENT PLANS OR EMPLOYEE BENEFIT PLANS:
Minimum Total Plan Assets $100,000,000
Minimum Initial Investment $10,000,000
Minimum Balance $5,000,000
Minimum Subsequent Investment $1,000,000
This Supplement supercedes the Supplement dated June 1, 2000.
The date of this Supplement is July 15, 2000.
