INVESCO STRATEGIC PORTFOLIOS INC
497, 1998-07-24
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                       INVESCO STRATEGIC PORTFOLIOS, INC.

                  Supplement to Prospectus dated March 1, 1998

The  section  of  the  above  Fund's  Prospectus  entitled  "The  Fund  And  Its
Management" is amended to (1) delete the first sentence of the seventh paragraph
and (2) substitute the following sentence in its place:

     Financial Services:  Jeffrey G. Morris, a Chartered Financial Analyst,  has
     been the lead portfolio manager since July 1998 (co-portfolio  manager from
     1997 to 1998).

The  section  of  the  above  Fund's  Prospectus  entitled  "The  Fund  And  Its
Management" is amended to (1) delete the first sentence of the eighth  paragraph
and (2) substitute the following sentences in its place:

     Daniel B. Leonard is a co-portfolio  manager of the Portfolio.  Mr. Leonard
     has  provided  assistance  in the  management  of certain  portfolios  that
     comprise INVESCO Strategic Portfolios, Inc., including the Portfolio, since
     1988  and  since  March  1997,  Mr.  Leonard  has  supervised  the  overall
     management of said Portfolios.

The  section  of  the  above  Fund's  Prospectus  entitled  "The  Fund  And  Its
Management" is amended to (1) delete the first  sentence of the ninth  paragraph
and (2) substitute the following sentences in its place:

     Daniel B. Leonard is the portfolio  manager of the  Portfolio.  Mr. Leonard
     has  provided  assistance  in the  management  of certain  portfolios  that
     comprise INVESCO Strategic Portfolios, Inc., including the Portfolio, since
     1988  and  since  March  1997,  Mr.  Leonard  has  supervised  the  overall
     management of said Portfolios.

The  section  of  the  above  Fund's  Prospectus  entitled  "The  Fund  And  Its
Management" is amended to (1) delete the first sentence of the twelfth paragraph
and (2) substitute the following sentences in its place:

     Daniel B. Leonard is a co-portfolio  manager of the Portfolio.  Mr. Leonard
     has  provided  assistance  in the  management  of certain  portfolios  that
     comprise INVESCO Strategic Portfolios, Inc., including the Portfolio, since
     1988  and  since  March  1997,  Mr.  Leonard  has  supervised  the  overall
     management of said Portfolios.

The date of this Supplement is July 20, 1998.


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