INVESCO STRATEGIC PORTFOLIOS, INC.
INVESCO Energy Portfolio
INVESCO Environmental Services Portfolio
INVESCO Financial Services Portfolio
INVESCO Gold Portfolio
INVESCO Health Sciences Portfolio
INVESCO Leisure Portfolio
INVESCO Technology Portfolio
INVESCO Utilities Portfolio
Supplement to Prospectus dated March 1, 1998
The Portfolios may invest in the securities of non-U.S. issuers in varying
percentages. Accordingly, the Prospectus is amended to include the following
information under the section titled "Investment Policies and Risks - Foreign
Securities":
Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, The
Netherlands, Portugal and Spain are presently members of the European Economic
and Monetary Union (the "EMU"). EMU intends to establish a common European
currency for EMU countries which will be known as the "euro." Each participating
country presently plans to adopt the euro as its currency on January 1, 1999.
The old national currencies will be sub-currencies of the euro until July 1,
2002, at which time the old currencies will disappear entirely. Other European
countries may adopt the euro in the future.
The planned introduction of the euro presents some uncertainties and possible
risks, including whether the payment and operational systems of banks and other
financial institutions will be ready by January 1, 1999; whether exchange rates
for existing currencies and the euro will be adequately established; and whether
suitable clearing and settlement systems for the euro will be in operation.
These and other factors may cause market disruptions before or after January 1,
1999 and could adversely affect the value of securities held by the Portfolios.
In addition, the Gold and Environmental Services Portfolios have the ability to
invest more than 25% of their respective total assets in the securities of
non-U.S. issuers.
Therefore, in addition to the above risks, the impact of the euro may be
greater on these two Portfolios particularly, in the long-term. After January 1,
1999, the introduction of the euro is expected to impact European capital
markets in ways that it is impossible to quantify at this time. For example,
investors may begin to view EMU countries as a single market, and that may
impact future investment decisions for the Portfolios. As the euro is
implemented, there may be changes in the relative strength and value of the U.S.
dollar and other major currencies, as well as possible adverse tax consequences.
The euro transition by EMU countries - present and future - may impact the
fiscal and monetary policies of those participating countries. There may be
increased levels of price competition among business firms within EMU countries
and between businesses in EMU and non-EMU countries. The outcome of these
uncertainties could have unpredictable effects on trade and commerce and result
in increased volatility for all financial markets.
The date of this supplement is September 1, 1998.
