INVESCO STRATEGIC PORTFOLIOS INC
497, 1998-12-15
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                       INVESCO STRATEGIC PORTFOLIOS, INC.
                            INVESCO Energy Portfolio
                         INVESCO Environmental Portfolio
                           INVESCO Financial 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 name of the  INVESCO  Technology  Portfolio  has  been  changed  to  INVESCO
Technology  Fund - Class  II.  This  name  change  was made as a  result  of the
addition of the INVESCO  Technology Fund - Class I. Therefore,  any reference in
the Prospectus to the name of the Fund is hereby  changed to INVESCO  Technology
Fund - Class II.

Effective January 1, 1999, the section of the Prospectus  entitled "The Fund And
Its Management" is hereby amended to (1) delete the twelfth  paragraph,  and (2)
replace the following paragraph in its place:

     William R. Keithler,  a Chartered Financial Analyst, has been the portfolio
     manager of the  Technology  Fund since  January  1999.  He also manages the
     INVESCO VIF -  Technology  Fund and is a senior vice  president of INVESCO.
     Bill was  previously  a portfolio  manager with Berger  Associates  (1993 -
     1998) and a portfolio  manager with INVESCO  (1986 - 1993).  He received an
     M.S.  from the  University  of Wisconsin - Madison and a B.A.  from Webster
     College.

Effective  January 1, 1999, the name of INVESCO  Strategic  Portfolios,  Inc. is
changed to INVESCO Sector Funds, Inc. Therefore, any reference in the Prospectus
to the name of the Company is hereby changed to INVESCO Sector Funds, Inc.

Effective  January 1, 1999,  the names of the Portfolios are changed to: INVESCO
Energy Fund INVESCO Environmental  Services Fund INVESCO Financial Services Fund
INVESCO  Gold Fund INVESCO  Health  Sciences  Fund INVESCO  Leisure Fund INVESCO
Technology Fund - Class II INVESCO Utilities Fund

Therefore,  any reference in the  Prospectus to the names of the  Portfolios are
hereby changed as set forth above.  Further,  any reference in the Prospectus to
the "Portfolio" or "Portfolios" are hereby changed to the "Fund" or "Funds."

The date of this Supplement is December 14, 1998.


<PAGE>


                       INVESCO STRATEGIC PORTFOLIOS, INC.

                Supplement to Statement of Additional Information
                               dated March 1, 1998

The name of the  INVESCO  Technology  Portfolio  has  been  changed  to  INVESCO
Technology  Fund - Class  II.  This  name  change  was made as a  result  of the
addition of the INVESCO  Technology Fund - Class I. Therefore,  any reference in
the Statement of Additional to the name of the Fund is hereby changed to INVESCO
Technology Fund - Class II.

Effective  January 1, 1999, the name of INVESCO  Strategic  Portfolios,  Inc. is
changed to INVESCO Sector Funds, Inc. Therefore,  any reference in the Statement
of  Additional  Information  to the name of the  Company  is hereby  changed  to
INVESCO Sector Funds, Inc.

Effective January  1, 1999,  the names of the Portfolios are changed to: INVESCO
Energy Fund INVESCO Environmental  Services Fund INVESCO Financial Services Fund
INVESCO  Gold Fund INVESCO  Health  Sciences  Fund INVESCO  Leisure Fund INVESCO
Technology Fund -- Class II INVESCO Utilities Fund

Therefore, any reference in the Statement of Additional Information to the names
of the Portfolios are hereby changed as set forth above.  Further, any reference
in the Statement of Additional  Information to the  "Portfolio" or  "Portfolios"
are hereby changed to the "Fund" or "Funds."

The date of this Supplement is December 14, 1998.



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