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038 000400 0
039 000400 Y
040 000400 N
041 000400 N
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
<PAGE> PAGE 21
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.500
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 1000
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 100.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
<PAGE> PAGE 22
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 16
063 B000400 0.0
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
<PAGE> PAGE 23
071 D000400 0
072 A000400 6
072 B000400 519
072 C000400 0
072 D000400 0
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072 G000400 0
072 H000400 0
072 I000400 0
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072 X000400 99
072 Y000400 0
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072DD020400 0
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073 A010400 0.0220
073 A020400 0.0000
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074 A000400 2
074 B000400 0
074 C000400 20125
074 D000400 0
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074 H000400 0
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074 K000400 0
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074 M000400 0
<PAGE> PAGE 24
074 N000400 20128
074 O000400 0
074 P000400 0
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074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 44
074 S000400 0
074 T000400 20084
074 U010400 20084
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 0.9995
074 X000400 378
074 Y000400 0
075 A000400 19291
075 B000400 0
076 000400 0.00
008 A000501 INVESCO SERVICES, INC.
008 B000501 A
008 C000501 801-19341
008 D010501 ATLANTA
008 D020501 GA
008 D030501 30309
008 A000502 INVESCO MANAGEMENT & RESEARCH, INC.
008 B000502 S
008 C000502 801-1596
008 D010502 BOSTON
008 D020502 MA
008 D030502 02110
024 000500 Y
025 A000501 MORGAN STANLEY & CO., INC.
025 B000501 13-2655998
025 C000501 E
025 D000501 658
025 A000502 QUICK AND REILLY GROUP, INC.
025 B000502 13-2779884
025 C000502 E
025 D000502 210
025 A000503 DELETE
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 6854
028 A020500 0
028 A030500 0
<PAGE> PAGE 25
028 A040500 2865
028 B010500 6720
028 B020500 0
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028 C010500 7555
028 C020500 456
028 C030500 0
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034 000500 Y
035 000500 7
036 A000500 N
036 B000500 0
037 000500 N
038 000500 0
039 000500 Y
040 000500 Y
041 000500 Y
042 A000500 0
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042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 968
044 000500 0
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 25000
062 A000500 N
<PAGE> PAGE 26
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
<PAGE> PAGE 27
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 84102
071 B000500 56405
071 C000500 185101
071 D000500 30
072 A000500 6
072 B000500 1112
072 C000500 2521
072 D000500 0
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072 Z000500 1251
072AA000500 5463
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072CC010500 3426
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<PAGE> PAGE 28
072EE000500 0
073 A010500 0.2940
073 A020500 0.0000
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075 A000500 0
075 B000500 195779
076 000500 0.00
008 A000701 INVESCO SERVICES, INC.
008 B000701 A
008 C000701 801-19341
008 D010701 ATLANTA
008 D020701 GA
008 D030701 30309
008 A000702 INVESCO REALTY ADVISORS, INC.
008 B000702 S
008 C000702 801-36615
008 D010702 DALLAS
008 D020702 TX
008 D030702 75240
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<PAGE> PAGE 29
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
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028 A010700 856
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028 A040700 1
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028 B020700 0
028 B030700 0
028 B040700 6
028 C010700 1129
028 C020700 48
028 C030700 0
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028 G020700 129
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034 000700 Y
035 000700 1
036 A000700 N
036 B000700 0
037 000700 N
038 000700 0
039 000700 Y
040 000700 Y
041 000700 Y
042 A000700 0
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<PAGE> PAGE 30
042 F000700 0
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048 K020700 0.000
058 A000700 N
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060 A000700 Y
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061 000700 25000
062 A000700 N
062 B000700 0.0
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<PAGE> PAGE 31
062 P000700 0.0
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066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 N
066 E000700 Y
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
<PAGE> PAGE 32
070 R020700 N
071 A000700 5353
071 B000700 615
071 C000700 7595
071 D000700 8
072 A000700 6
072 B000700 17
072 C000700 219
072 D000700 0
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072 T000700 41
072 U000700 0
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072 X000700 98
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072AA000700 29
072BB000700 0
072CC010700 283
072CC020700 0
072DD010700 142
072DD020700 0
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073 A010700 0.6450
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 914
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074 F000700 10005
074 G000700 0
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<PAGE> PAGE 33
074 J000700 0
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074 L000700 139
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074 N000700 11058
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074 R040700 27
074 S000700 0
074 T000700 11031
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074 U020700 0
074 V010700 44.61
074 V020700 0.00
074 W000700 0.0000
074 X000700 430
074 Y000700 0
075 A000700 0
075 B000700 8312
076 000700 0.00
008 A000801 INVESCO SERVICES, INC.
008 B000801 A
008 C000801 801-19341
008 D010801 ATLANTA
008 D020801 GA
008 D030801 30309
008 A000802 INVESCO CAPITAL MANAGEMENT, INC.
008 B000802 S
008 C000802 801-33949
008 D010802 ATLANTA
008 D020802 GA
008 D030802 30309
024 000800 N
025 D000801 0
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028 B010800 4507
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<PAGE> PAGE 34
028 B030800 0
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028 G020800 52
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034 000800 Y
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<PAGE> PAGE 35
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061 000800 25000
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070 A010800 Y
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<PAGE> PAGE 36
070 E020800 N
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070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 21066
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<PAGE> PAGE 37
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074 F000800 30956
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074 T000800 32242
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<PAGE> PAGE 38
SIGNATURE KELLY DIGAN
TITLE CORP COMPLIANCE ADMN
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<TABLE> <S> <C>
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<CIK> 0000731273
<NAME> INVESCO ADVISOR FUNDS, INC.
<SERIES>
<NUMBER> 2
<NAME> INVESCO ADVISOR INCOME PORTFOLIO
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<S> <C>
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<OTHER-ITEMS-LIABILITIES> 68610
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<SENIOR-EQUITY> 0
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