INVESCO SECTOR FUNDS, INC.
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
Supplement to Prospectus dated March 1, 1999
Effective May 21, 1999, INVESCO Environmental Services Fund was liquidated. All
references to that Fund in the Funds' Prospectus are hereby deleted.
Effective May 13, 1999, the section of the Funds' Prospectus entitled "Fees and
Expenses" is amended to (1) delete the Annual Fund Operating Expenses That Are
Deducted From Fund Assets table and footnote (3) and (2) substitute the
following in their place:
ANNUAL FUND OPERATING EXPENSES THAT ARE DEDUCTED FROM FUND ASSETS
INVESCO Energy Fund
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2) 0.64%
Total Annual Fund Operating Expenses(2) 1.64%
INVESCO Financial Services Fund
Management Fee 0.62%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2) 0.29%
Total Annual Fund Operating Expenses(2) 1.16%
INVESCO Gold Fund
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2) 0.95%
Total Annual Fund Operating Expenses(2) 1.95%
INVESCO Health Sciences Fund
Management Fee 0.64%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2) 0.36%
Total Annual Fund Operating Expenses(2) 1.25%
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INVESCO Leisure Fund
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2) 0.55%
Total Annual Fund Operating Expenses(2) 1.55%
INVESCO Technology Fund - Class II
Management Fee 0.65%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2) 0.37%
Total Annual Fund Operating Expenses(2) 1.27%
INVESCO Utilities Fund
Management Fee 0.75%
Distribution and Service (12b-1) Fees(1) 0.25%
Other Expenses(2)(3) 0.41%
Total Annual Fund Operating Expenses(2)(3) 1.41%
(3) Certain expenses of the INVESCO Utilities Fund are being
absorbed voluntarily by INVESCO pursuant to a commitment to the
Fund. After absorption, the Fund's "Other Expenses" and "Total
Annual Fund Operating Expenses" were 0.29% and 1.29%,
respectively.
The remainder of the table and the remainder of the footnotes are
not affected by this change.
Effective May 13, 1999, the section of the Fund's Prospectus entitled "Annual
Fund 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 then redeemed all of your shares at the end of those
periods. The Example also assumes that your investment had a hypothetical
5% return each year, and assumes that a Fund's expenses remained the same.
Although a Fund's actual costs and performance may be higher or lower,
based on these assumptions your costs would have been:
1 Year 3 Years 5 Years 10 Years
Energy $168 $521 $898 $1,956
Financial Services $119 $370 $642 $1,415
Gold $200 $618 $1,061 $2,291
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1 Year 3 Years 5 Years 10 Years
Health Sciences $128 $399 $690 $1,518
Leisure $159 $493 $850 $1,856
Technology - Class II $130 $405 $701 $1,541
Utilities Fund $141 $440 $780 $1,666
Effective June 1, 1999, the section of the Funds' Prospectus entitled "Risks
Associated With Particular Investments" is amended to add the following sections
to the end of the two investment tables located at the end of the section:
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OPTIONS
The obligation or right Credit,
to deliver or receive a Information,
security or other Liquidity, and
instrument, index or Options and
commodity, or cash Futures Risks
payment depending on the x x x x x x x x
price of the underlying
security or the
performance of an index
or other benchmark.
Includes options on
specific securities
and stock indices,
and stock index
futures. Used in a
Fund's portfolio to
provide liquidity and
hedge portfolio value.
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FUTURES
A futures contract is an Market,
agreement to buy or sell Liquidity and
a specific amount of a Options and
financial instrument Futures Risks
(such as an index x x x x x x x x
option) at a stated
price on a stated
date. A Fund uses
futures contracts to
provide liquidity and
to hedge portfolio value.
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OTHER FINANCIAL
INSTRUMENTS Counterparty,
These may include forward Credit,
contracts, swaps, caps, Currency,
floors, and collars. Interest Rate,
They may be used to try Liquidity,
to manage a Fund's Market and
foreign currency exposure Regulatory
and other investment Risks
risks, which can cause x x x x x x x x
its net asset value to
rise or fall. A Fund may
use these financial
instruments, commonly
known as "derivatives,"
to increase or decrease
its exposure to changing
securities prices,
interest rates, currency
exchange rates or other
factors.
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This Supplement supercedes the Supplement dated June 1, 1999.
The date of this Supplement is July 26, 1999.
