INVESCO Advisor Funds, Inc.
Supplement to Prospectus Dated December 31, 1996
The section of the Prospectus entitled "Management of the Fund" is amended
to add the following new paragraph at the beginning of that section:
On November 4, 1996 an Agreement and Plan of Merger among INVESCO
plc,INVESCO Group Services, Inc. ("Services") and AIM Management Group, Inc.
("AIM") was signed under which AIM will be merged with Services. When this takes
effect, which is expected to occur in the first part of 1997, the Fund's
Investment Advisory, Sub-Advisory, Distribution, Operating Services, and Rule
12b-1 Agreements ("Agreements") will automatically terminate. Consummation of
this merger is conditioned, among other things, on new Agreements, essentially
identical to the existing Agreements, including the provisions governing
fees,being presented to, and approved by, the Fund's Boards of Directors, and
where necessary, the Fund's shareholders prior to this merger taking effect. The
meetings of the Fund's shareholders to consider approving the necessary new
Agreements is expected to occur in early 1997. Fund Management anticipates that
the key personnel responsible for providing services to the Fund will remain
unchanged.
This supplement is dated January 9, 1997.
