INVESCO ADVISOR FUNDS INC
486BPOS, 1996-10-16
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                                                             File No. 811-3886
                            As filed on October 16, 1996

                         SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                    FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933                  X
                                                                        --
      Pre-Effective Amendment No. ________
      Post-Effective Amendment No.    28                                 X
                                   --------                             --
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940          X
                                                                        --
      Amendment No.     29                                               X
                    ----------                                          --

             INVESCO ADVISOR FUNDS, INC. (formerly, The EBI Funds, Inc.)
                 (Exact Name of Registrant as Specified in Charter)

                1315 Peachtree Street, N.E., Atlanta, Georgia  30309
                      (Address of Principal Executive Offices)
                    Registrant's Telephone Number: (800) 554-1156

                             Glen A. Payne,  Esq. 
                             7800 E. Union Avenue 
                            Denver, Colorado 80237 
                     (Name and Address  of Agent  for  Service)  
                              -------------------  
                                 Copies  to:  
                          Clifford  J. Alexander,  Esq.  
                            Kirkpatrick & Lockhart LLP 
                    1800  Massachusetts  Avenue,  N.W., Second Floor  
                            Washington,  D.C. 20036  
                              -------------------  
     Approximate Date of Proposed Public Offering:  As soon as practicable after
this post-effective amendment becomes effective.

It is proposed that this filing will become effective (check appropriate box):
___   immediately upon filing pursuant to paragraph
 X    on November 14, 1996, pursuant to paragraph (b)
___   60 days after filing pursuant to paragraph (a)(1)
___   on _________________, pursuant to paragraph (a)(1)
___   75 days after filing  pursuant to paragraph  (a)(2) ___ on  _____________,
pursuant to paragraph (a)(2) of rule 485.

If appropriate, check the following box:
 X    this  post-effective  amendment  designates  a new  effective  date  for a
      previously filed post-effective amendment.

Registrant has registered an indefinite number or amount of securities under the
Securities Act of 1993 pursuant to Rule 24f-2 under the  Investment  Company Act
of 1940.  Registrant filed the notice required by Rule 24f-2 with respect to its
fiscal year ended December 31, 1995 on February 21, 1996.
                                    Page 1 of 3
                         Exhibit index is located on page __



<PAGE>



                                        NOTE

     This filing,  pursuant to Rule 485(b) under the  Securities  Act of 1933 is
for the sole purpose of delaying  effectiveness of Post Effective  Amendment No.
27 under the  Securities  Act of 1933 and Amendment No. 28 under the  Investment
Company  Act of 1940 (as filed with the SEC on August 21,  1996) for the INVESCO
Advisor  Funds,  Inc.  (File  No.  811-3886).  The  new  effective  date of this
Amendment is November 14, 1996.

     All  relevant  portions  of Post  Effective  Amendment  No.  27  under  the
Securities Act of 1933 and Post Effective  Amendment No. 28 under the Investment
Company  Act of 1940 (as filed  with the SEC on  August  21,  1996)  are  hereby
incorporated by reference into this filing.



<PAGE>


                                   SIGNATURES

      Pursuant  to the  requirements  of the  Securities  Act of  1933  and  the
Investment  Company Act of 1940, the  registrant  certifies that it meets all of
the requirements for  effectiveness of this Registration  Statement  pursuant to
Rule  485(b)  under  the  Securities  Act of  1933  and  has  duly  caused  this
post-effective  amendment  to be  signed  on  its  behalf  by  the  undersigned,
thereunto duly authorized, in the City of Denver, County of Denver, and State of
Colorado, on the 16th day of October, 1996.

Attest:                                         INVESCO Advisor Funds, Inc.

                                           /s/ Hubert L. Harris, Jr.
/s/ Tony D. Green                          ------------------------------------
- -------------------------------            Hubert L. Harris, Jr., President
Tony D. Green, Secretary 

      Pursuant  to  the  requirements  of  the  Securities  Act  of  1933,  this
post-effective amendment to Registrant's  Registration Statement has been signed
by the  following  persons  in the  capacities  indicated  on this  16th  day of
October, 1996.

 /s/ Hubert L. Harris, Jr.                /s/ Lawrence H. Budner
- ------------------------------------      ----------------------------------
Hubert L. Harris, Jr.                     Lawrence H. Budner, Director*
(Chief Executive Officer and Chief
Financial and Accounting Officer)
and Director

/s/ Tony D. Green                        /s/ Daniel D. Chabris
- ------------------------------------     -----------------------------------
Tony D. Green, Treasurer                 Daniel D. Chabris, Director*
(Chief Financial and Accounting 
Officer)

/s/ Victor L. Andrews                    /s/ Fred A. Deering
- ------------------------------------     ----------------------------------- 
Victor L. Andrews, Director*             Fred A. Deering, Director*

/s/ Bob R. Baker                         /s/ A. D. Frazier, Jr.
- ------------------------------------     -----------------------------------
Bob R. Baker, Director*                  A.D. Frazier, Jr., Director*

/s/ Charles W. Brady                     /s/ Kenneth T. King
- ------------------------------------     -----------------------------------
Charles W. Brady, Director*              Kenneth T. King, Director*

                                         /s/ John W. McIntyre
                                         -----------------------------------
                                         John W. McIntyre, Director*


By*                                       By*
    ---------------------------------         ------------------------------
    Glen A. Payne                             Edward F. O'Keefe
    Attorney in Fact                          Attorney in Fact

* Original Powers of Attorney  authorizing  Edward F. O'Keefe and Glen A. Payne,
and each of them, to execute this  post-effective  amendment to the Registration
Statement of the Registrant on behalf of the above-named  directors and officers
of the Registrant have been filed with the Securities and Exchange Commission on
April 12 and May 14, 1990, May 27, 1992 and April 22, 1996.


<PAGE>





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