INVESCO STOCK FUNDS, INC.
Supplement to Investor Class Prospectus dated August 31, 1999
The existing class of shares of INVESCO Blue Chip Growth Fund, INVESCO Dynamics
Fund, INVESCO Endeavor Fund, INVESCO Growth & Income Fund, INVESCO Small Company
Growth Fund, INVESCO S&P 500 Index Fund - Class II and INVESCO Value Equity Fund
is hereby designated as "Investor Class."
The section of the Prospectus entitled "Investment Goals And Strategies -
INVESCO Blue Chip Growth Fund" is amended to (1) delete the first sentence of
the second paragraph and (2) substitute the following in its place:
The Fund invests primarily in common stocks of large companies that, at the
time of purchase, have market capitalizations of more than $15 billion and
that have a history of consistent earnings growth regardless of business
cycles.
The section of the Prospectus entitled "Investment Goals And Strategies -
INVESCO Dynamics Fund" is amended to (1) delete the second sentence of the first
paragraph and (2) substitute the following in its place:
It primarily invests in common stocks of mid-size companies - those with
market capitalizations between $2 billion and $15 billion at the time of
purchase - but also have the flexibility to invest in other types of
securities including preferred stocks, convertible securities and bonds.
The section of the Prospectus entitled "Investment Goals And Strategies -
INVESCO Small Company Growth Fund" is amended to (1) delete the second sentence
of the first paragraph and (2) substitute the following in its place:
Most holdings are in small-capitalization companies - those with market
capitalizations under $2 billion at the time of purchase.
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
BLUE CHIP GROWTH FUND
Management Fee 0.55%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3) 0.27%
-----
Total Annual Fund Operating Expenses(2)(3) 1.07%
=====
DYNAMICS FUND
Management Fee 0.52%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3)(4) 0.30%
-----
Total Annual Fund Operating Expenses(2)(3)(4) 1.07%
=====
INVESCO ENDEAVOR FUND
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3)(4) 0.52%
-----
Total Annual Fund Operating Expenses(2)(3)(4) 1.52%
=====
<PAGE>
GROWTH & INCOME FUND
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3)(4) 0.80%
-----
Total Annual Fund Operating Expenses(2)(3)(4) 1.80%
=====
SMALL COMPANY GROWTH FUND
Management Fee 0.72%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3)(4) 0.70%
-----
Total Annual Fund Operating Expenses(2)(3)(4) 1.67%
=====
S&P 500 INDEX FUND
Management Fee 0.25%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3)(4) 0.53%
-----
Total Annual Fund Operating Expenses(2)(3)(4) 1.03%
=====
VALUE EQUITY FUND
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3)(4) 0.43%
-----
Total Annual Fund Operating Expenses(2)(3)(4) 1.43%
=====
(1) Because the Funds pay 12b-1 distribution fees which are based upon
each Fund's assets, if you own shares of a Fund for a long period of
time, you may pay more than the economic equivalent of the maximum
front-end sales charge permitted for mutual funds by the National
Association of Securities Dealers, Inc.
(2) Each Fund's Actual Total Annual Fund Operating Expenses were lower
than the figures shown, because their custodian and transfer agency
fees were reduced under expense offset arrangements.
(3) 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.
(4) Certain expenses of INVESCO Endeavor, Growth & Income, Small Company
Growth, S&P 500 Index and Value Equity Funds were absorbed voluntarily
by INVESCO pursuant to commitments between those Funds and INVESCO.
These commitments may be changed at any time following consultation
with the board of directors. After absorption, INVESCO Endeavor Fund's
Other Expenses and Total Annual Fund Operating Expenses were 0.51% and
1.51%, respectively, of the Fund's average net assets; Growth & Income
Fund's Other Expenses and Total Annual Fund Operating Expenses were
0.52% and 1.52%, respectively, of the Fund's average net assets; Small
Company Growth Fund's Other Expenses and Total Annual Fund Operating
Expenses were 0.54% and 1.51%, respectively, of the Fund's average net
assets; S&P 500 Index Fund's Other Expenses and Total Annual Fund
Operating Expenses were 0.13% and 0.63%, respectively, of the Fund's
average net assets; and Value Equity Fund's Other Expenses and Total
Annual Fund Operating Expenses were 0.31% and 1.31%, respectively, of
the Fund's average net assets.
<PAGE>
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
Blue Chip Growth Fund $ 109 $ 340 $ 590 $1,306
Dynamics Fund $ 109 $ 340 $ 590 $1,306
INVESCO Endeavor Fund* $ 155 $ 480 $ 829 $1,813
Growth & Income Fund* $ 183 $ 566 $ 975 $2,116
Small Company Growth Fund $ 170 $ 526 $ 907 $1,976
S&P 500 Index Fund $ 105 $ 328 $ 569 $1,259
Value Equity Fund $ 146 $ 452 $ 782 $1,743
*Annualized
The section of the Prospectus entitled "Risks Associated With Particular
Investments - Market Risk" is amended to (1) delete the third sentence and (2)
substitute the following in its place:
In general, the securities of large businesses with outstanding securities
worth $15 billion or more have less volatility than those of mid-size
businesses with outstanding securities worth more than $2 billion, or small
businesses with outstanding securities worth less than $2 billion.
The section of the Funds' Prospectus entitled "Portfolio Managers" is amended to
(1) delete the second, third, seventh and ninth paragraphs in their entirety,
and (2) substitute the following in their place:
The following individuals are primarily responsible for the day-to-day
management of their respective Fund's or Funds' portfolio holdings:
FUND PORTFOLIO MANAGER(S)
Blue Chip Growth Trent E. May
Douglas J. McEldowney
Dynamics Timothy J. Miller
Thomas Wald
INVESCO Endeavor Trent E. May
Growth & Income Trent E. May
Fritz Meyer
Small Company Growth Stacie Cowell
Value Equity Michael E. Harhai
Terrence Irrgang
S&P 500 Index World Asset Management
TIMOTHY J. MILLER, Chief Investment Officer and a director and senior vice
president, is the lead portfolio manager of Dynamics Fund. Before joining
INVESCO in 1992, Tim was a portfolio manager with Mississippi Valley
Advisors. He is a chartered financial analyst. Tim holds an M.B.A. from the
University of Missouri - St. Louis and a B.S.B.A. from St. Louis
University.
TRENT E. MAY, a senior vice president, is the lead portfolio manager of
INVESCO Endeavor Fund and Blue Chip Growth Fund and the co-portfolio
manager of Growth & Income Fund. Before joining INVESCO in 1996, Trent was
with Munder Capital Management and SunBank Capital Management. He is a
Chartered Financial Analyst. Trent holds an M.B.A. from Rollins College and
a B.S. in Engineering from Florida Institute of Technology.
<PAGE>
FRITZ MEYER, a vice president, is the lead portfolio manager of Growth &
Income Fund. Before joining INVESCO in 1996, Fritz was an executive vice
president and portfolio manager with Nelson, Benson & Zellmer, Inc. He
holds an M.B.A. from Amos Tuck School - Dartmouth College and a B.A. with
distinction in Economics from Dartmouth College.
The section of the Prospectus entitled "How To Buy Shares" is amended to (1) add
the following sentence at the end of the first paragraph and (2) add the
following new subsection after the tenth 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.
INTERNET TRANSACTIONS. Investors may open new accounts and exchange and
redeem shares of any INVESCO Fund through the INVESCO Web site. To use this
service, you will need a web browser (presently Netscape version 4.0 or
higher, Internet Explorer version 4.0 or higher, or AOL version 5.0 or
higher) and the ability to utilize the INVESCO Web site. INVESCO will
accept Internet purchase instructions only for exchanges or if the purchase
price is paid to INVESCO through debiting your bank account, and any
Internet cash redemptions will be paid only to the same bank account from
which the payment to INVESCO originated. INVESCO imposes a maximum limit of
$25,000 on Internet purchase and redemption transactions. Other transaction
amounts are discussed in the Prospectuses for the Funds. You may also
download an application to open an account from the Web site, complete it
by hand, and mail it to INVESCO, along with a check.
INVESCO employs reasonable procedures to confirm that transactions entered
into over the Internet are genuine. These procedures include the use of
alphanumeric passwords, secure socket layering, encryption and other
precautions reasonably designed to protect the integrity, confidentiality
and security of shareholder information. In order to enter into a
transaction on the INVESCO Web site, you will need an account number, your
Social Security Number and an alphanumeric password. If INVESCO follows
these procedures, neither INVESCO, its affiliates nor any Fund will be
liable for any loss, liability, cost or expense for following instructions
communicated via the Internet that are reasonably believed to be genuine or
that follow INVESCO's security procedures. By entering into the user's
agreement with INVESCO to open an account through our Web site, you lose
certain rights if someone gives fraudulent or unauthorized instructions to
INVESCO that result in a loss to you.
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, April 1,
2000, April 17, 2000 and June 1, 2000.
The date of this Supplement is August 15, 2000.
<PAGE>
INVESCO STOCK 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 the footnotes and (2) substitute the following, respectively, in
their place:
ANNUAL FUND OPERATING EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS
BLUE CHIP GROWTH FUND - CLASS C
Management Fee 0.55%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses 0.27%
-----
Total Annual Fund Operating Expenses 1.82%
=====
DYNAMICS FUND - CLASS C
Management Fee 0.52%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses(2) 0.30%
-----
Total Annual Fund Operating Expenses(2) 1.82%
=====
INVESCO ENDEAVOR FUND - CLASS C
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses(2) 0.52%
-----
Total Annual Fund Operating Expenses(2) 2.27%
=====
GROWTH & INCOME FUND - CLASS C
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses(2) 0.80%
-----
Total Annual Fund Operating Expenses(2) 2.55%
=====
SMALL COMPANY GROWTH FUND - CLASS C
Management Fee 0.72%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses(2) 0.70%
-----
Total Annual Fund Operating Expenses(2) 2.42%
=====
VALUE EQUITY FUND - CLASS C
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses(2) 0.43%
-----
Total Annual Fund Operating Expenses(2) 2.18%
=====
(1) Because the Funds' Class C shares pay 12b-1 distribution and service
fees which are based on each Fund's assets, if you own shares of a
Fund for a long period of time, you may pay more than the economic
equivalent of the maximum front-end sales charge permitted for mutual
funds by the National Association of Securities Dealers, Inc.
<PAGE>
(2) Based on estimated expenses for the current fiscal year which may be
more or less than actual expenses. Actual expenses are not provided
because the Funds' Class C shares were not offered until February 15,
2000. Certain expenses of the Funds will be absorbed by INVESCO in
order to ensure that expenses for Dynamics Fund - Class C, INVESCO
Endeavor Fund - Class C, Growth & Income Fund - Class C, Small Company
Growth Fund - Class C and Value Equity Fund - Class C will not exceed
1.95%, 2.25%, 2.25%, 2.25% and 2.05%, respectively, of each Fund's
average net assets attributable to Class C shares pursuant to
commitments between the Funds and INVESCO. These commitments may be
changed at any time following consultation with the board of
directors. After absorption, INVESCO Endeavor Fund's Other Expenses
and Total Annual Fund Operating Expenses for the fiscal year ending
July 31, 2000 are estimated to be 0.51% and 2.26%, respectively, of
the Fund's average net assets; Growth & Income Fund's Other Expenses
and Total Annual Fund Operating Expenses for the fiscal year ending
July 31, 2000 are estimated to be 0.52% and 2.27%, respectively, of
the Fund's average net assets; Small Company Growth Fund's Other
Expenses and Total Annual Fund Operating Expenses for the fiscal year
ending July 31, 2000 are estimated to be 0.54% and 2.26%,
respectively, of the Fund's average net assets; and Value Equity
Fund's Other Expenses and Total Annual Fund Operating Expenses for the
fiscal year ending July 31, 2000 are estimated to be 0.31% and 2.06%,
respectively, of the Fund's average net assets.
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 a 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 a Fund's Class C shares'
operating expenses remained the same. Although the actual costs and
performance of a 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
Blue Chip Growth Fund - Class C $ 285 $ 573 $ 985 $2,137
Dynamics Fund - Class C $ 285 $ 573 $ 985 $2,137
INVESCO Endeavor Fund - Class C $ 330 $ 709 $1,215 $2,605
Growth & Income Fund - Class C $ 358 $ 793 $1,355 $2,885
Small Company Growth Fund - Class C $ 345 $ 755 $1,291 $2,756
Value Equity Fund - Class C $ 321 $ 682 $1,169 $2,513
IF SHARES ARE NOT REDEEMED 1 year 3 years 5 years 10 years
Blue Chip Growth Fund - Class C $ 185 $ 573 $ 985 $2,137
Dynamics Fund - Class C $ 185 $ 573 $ 985 $2,137
INVESCO Endeavor Fund - Class C $ 230 $ 709 $1,215 $2,605
Growth & Income Fund - Class C $ 258 $ 793 $1,355 $2,885
Small Company Growth Fund - Class C $ 245 $ 755 $1,291 $2,756
Value Equity Fund - Class C $ 221 $ 682 $1,169 $2,513
The section of the Funds' Prospectus entitled "Portfolio Managers" is amended to
(1) delete the second, third, seventh and ninth paragraphs in their entirety,
and (2) substitute the following in their place:
<PAGE>
The following individuals are primarily responsible for the day-to-day
management of their respective Fund's or Funds' portfolio holdings:
FUND PORTFOLIO MANAGER(S)
Blue Chip Growth Trent E. May
Douglas J. McEldowney
Dynamics Timothy J. Miller
Thomas Wald
INVESCO Endeavor Trent E. May
Growth & Income Trent E. May
Fritz Meyer
Small Company Growth Stacie Cowell
Value Equity Michael E. Harhai
Terrence Irrgang
S&P 500 Index World Asset Management
TIMOTHY J. MILLER, Chief Investment Officer and a director and senior vice
president, is the lead portfolio manager of Dynamics Fund. Before joining
INVESCO in 1992, Tim was a portfolio manager with Mississippi Valley
Advisors. He is a chartered financial analyst. Tim holds an M.B.A. from the
University of Missouri - St. Louis and a B.S.B.A. from St. Louis
University.
TRENT E. MAY, a senior vice president, is the lead portfolio manager of
INVESCO Endeavor Fund and Blue Chip Growth Fund and the co-portfolio
manager of Growth & Income Fund. Before joining INVESCO in 1996, Trent was
with Munder Capital Management and SunBank Capital Management. He is a
Chartered Financial Analyst. Trent holds an M.B.A. from Rollins College and
a B.S. in Engineering from Florida Institute of Technology.
FRITZ MEYER, a vice president, is the lead portfolio manager of Growth &
Income Fund. Before joining INVESCO in 1996, Fritz was an executive vice
president and portfolio manager with Nelson, Benson & Zellmer, Inc. He
holds an M.B.A. from Amos Tuck School - Dartmouth College and a B.A. with
distinction in Economics from Dartmouth College.
This Supplement supercedes the Supplements dated April 17, 2000 and June 1,
2000.
The date of this Supplement is August 15, 2000.
