INVESCO ADVISOR FUNDS, INC.
Supplement to Prospectus dated December 31, 1996
The Section of the INVESCO Advisor Funds, Inc. Prospectus entitled "Management"
is to (1) delete the last sentence of the fifth paragraph and (2) substitute the
following sentences in its place:
ISI, ICM, IRA and IMR are indirect wholly owned subsidiaries of
AMVESCO PLC. AMVESCO PLC is a publicly-traded holding company that,
through its subsidiaries, engages in the business of investment management
on an international basis. INVESCO PLC changed its name to AMVESCO PLC on
March 3, 1997, as part of a merger between a direct subsidiary of INVESCO
PLC and A I M Management Group Inc., thus creating one of the largest
independent investment management businesses in the world. Subject to
obtaining shareholder approval at its regular Annual Shareholder Meeting,
the board of directors of AMVESCO PLC has concluded that the corporate
name should be changed to AMVESCAP PLC effective May 8, 1997. ISI, ICM,
IRA and IMR will continue to operate under their existing names. AMVESCO
has approximately $165 billion in assets under management.
This Supplement supersedes the supplement dated January 9, 1997.
The date of this Supplement is March 31, 1997.
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INVESCO ADVISOR FUNDS, INC.
Supplement to Statement of Additional Information
dated December 31, 1996
A. The Section of the INVESCO Advisor Funds, Inc. Statement of
Additional Information entitled "The Advisory and Sub-
Advisory Agreements is amended to (1) delete the fifth
paragraph and (2) substitute the following new paragraph in
its place:
ICM, IMR and IRA are wholly owned subsidiaries of INVESCO
North American Holdings, Inc. ("INAH"), a Delaware corporation,
which is a wholly owned subsidiary of AMVESCO PLC. AMVESCO PLC, a
publicly-traded holding company that, through its subsidiaries
engages in the business of investment management on an international
basis. INVESCO PLC changed its name to AMVESCO PLC on March 3, 1997
as part of a merger between a direct subsidiary of INVESCO PLC and A
I M Management Group Inc., thus creating one of the largest
independent investment management businesses in the world with
approximately $165 billion in assets under management. Subject to
obtaining shareholder approval at its regular Annual Shareholder
Meeting, the board of directors of AMVESCO PLC has concluded that
the corporate name should be changed to AMVESCAP PLC effective May
8, 1997.
B. The Section of the INVESCO Advisor Funds, Inc. Statement of
Additional Information entitled "The Advisory and Sub-
Advisory Agreements is amended to (1) delete the ninth
paragraph and (2) add the following new paragraphs nine, ten,
eleven and twelve:
A I M Advisors, Inc. of Houston, Texas is a wholly-owned
subsidiary of AMVESCO PLC and provides investment advisory and
administrative services for retail and institutional mutual funds.
A I M Capital Management, Inc. of Houston, Texas
is a wholly-owned subsidiary of AMVESCO PLC and
provides investment advisory services to individuals,
corporations, pension plans and other private
investment advisory accounts and also serves as a sub-
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advisor to certain retail and institutional mutual funds, one
Canadian mutual fund and one portfolio of an open-end registered
investment company that is offered to separate accounts of variable
insurance companies.
A I M Distributors, Inc. and Fund Management
Company of Houston, Texas, both wholly-owned
subsidiaries of AMVESCO PLC, are registered broker-
dealers that act as the principal underwriters for
retail and institutional mutual funds.
The corporate headquarters of AMVESCO PLC are located at 11
Devonshire Square, London, EC2M 4YR, England.
C. The Section of the INVESCO Advisor Funds, Inc.'s, Statement of Additional
Information entitled "Distribution of Shares" is amended to delete the
fourth sentence of the first paragraph of this section, and substitute for
the deleted sentence the following new sentence:
Continuation of the Plan is approved annually.
D. The Section of the INVESCO Advisor Funds, Inc.'s Statement of Additional
Information entitled "Distribution of Shares" is amended to add the
following new sentence at the end of the first paragraph of this section.
With respect to the Fund, the board of directors on February
4, 1997, approved amending the Plan, effective January 1, 1997, to
convert the Plan to a compensation type Rule 12b-1 plan. This
amendment of the Plan will not result in increasing the amount of
any Fund's payments thereunder.
The date of this Supplement is March 31, 1997.
