INVESCO STRATEGIC PORTFOLIOS INC
497, 1999-01-08
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                      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 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 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.
Further,  any reference in the Prospectus to the "Fund" is hereby changed to the
"Company."

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

Effective February 1, 1999, the section of the Prospectus entitled "The Fund And
Its  Management"  is  amended to (1)  delete  the first  sentence  of the fourth
paragraph, and (2) substitute the following sentence in its place:

      All of the Funds,  except for the Health  Sciences Fund, are managed by  
      members  of  INVESCO's  Sector  Team,  which is co-led by  William R. 
      Keithler and John R. Schroer.

Effective February 1, 1999, the section of the Prospectus entitled "The Fund And
Its  Management"  is amended to insert the  following  sentence  after the first
sentence of the fifth paragraph:

      Mr. Segner also manages the Gold Fund.

Effective February 1, 1999, the section of the 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  portfolio  manager of the Fund since  February  1999 and was
      co-portfolio manager of the Fund from March 1997 to January 1999.

Effective February 1, 1999, the section of the Prospectus entitled "The Fund And
Its Management" is amended to delete the eighth paragraph in its entirety.

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

<PAGE>


      Gold:  John  Segner has been the  portfolio  manager of the Fund since
      February  1999. Mr. Segner also manages the Energy Fund. Mr. Segner is
      also a vice  president  of INVESCO  Funds Group,  Inc. Mr.  Segner was
      previously  the  managing  director  and  principal  with The Mitchell
      Group,  Inc.  (1990 to 1997),  manager of  marketing  development
      (1988 to 1990) and manager of financial  analysis  (1986 to 1988) with
      First Tennessee  National  Corporation,  and a financial  analyst with
      Amerada Hess Corporation (1985 to 1986). Mr. Segner received an M.B.A.
      in Finance from the  University  of  Texas-Austin  and a B.S. in Civil
      Engineering from the University of Alabama.

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)
substitute 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,  Inc.  (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.

This Supplement supersedes the Supplement dated December 14, 1998.

The date of this Supplement is January 5, 1998.







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