INVESCO INTERMEDIATE GOVERNMENT BOND FUND
Supplement to Prospectus
dated December 29, 1995
The section of the Fund's Prospectus entitled "Annual Fund Expenses" is hereby
amended to read as follows:
Annual Fund Expenses
The Fund is 100% no-load; there are no fees to purchase, exchange or
redeem shares nor any ongoing marketing ("12b-1") expenses. Lower expenses
benefit Fund shareholders by increasing the Fund's total return.
Shareholder Transaction Expenses
Sales load "charge" on purchases............ None
Sales load "charge" on reinvested dividends. None
Redemption fees............................. None
Exchange fees............................... None
Annual Fund Operating Expenses
(as a percentage of average net assets)*
Management Fee.............................. 0.60%
12b-1 Fees.................................. None
Other Expenses (after voluntary
expense limitation)(1).................. 0.40%
Transfer Agency Fee(2).................... 0.29%
General Services, Administrative Services,
Registration Postage(3)................. 0.11%
Total Fund Operating Expenses (after
voluntary expense limitation)(1)........ 1.00%
(1) Certain Fund expenses are being voluntarily absorbed by INVESCO Funds
Group, Inc. ("INVESCO") to ensure that the Fund's total operating expenses
do not exceed 1.00% of the Fund's average net assets. This policy is
applicable to Fund expenses incurred on or after May 1, 1996. In the
absence of such voluntary expense limitation, the Fund's "Other Expenses"
and "Total Fund Operating Expenses" in the above table would have been
0.60% and 1.20%, respectively, of the Fund's average net assets based on
the actual expenses of the Fund for the fiscal year ended August 31, 1995.
(2) Consists of the transfer agency fee described under
"Additional Information -- Transfer and Dividend Disbursing
Agent."
(3) Includes, but is not limited to, fees and expenses of trustees,
custodian bank, legal counsel and auditors, a securities pricing service,
costs of administrative services furnished under an Administrative
Services Agreement, costs of registration of Fund shares under applicable
laws, and costs of printing and distributing reports to shareholders.
<PAGE>
Example*
A shareholder would pay the following expenses on a $1,000
investment for the periods shown, assuming (1) a 5% annual return and (2)
redemption at the end of each time period:
1 Year 3 Years 5 Years 10 Years
------ ------- ------- --------
$10 $32 $55 $123
The purpose of the foregoing table is to assist investors in
understanding the various costs and expenses that an investor in the Fund
will bear directly or indirectly. Such expenses are paid from the Fund's
assets. (See "The Trust and Its Management.") The above figures for
INVESCO Intermediate Government Bond Fund are based on fiscal year-end
information. The Fund charges no sales load, redemption fee or exchange
fee and bears no distribution expenses. The Example should not be
considered a representation of past or future expenses, and actual
expenses may be greater or less than those shown. The assumed 5% annual
return is hypothetical and should not be considered a representation of
past or future annual returns, which may be greater or less than the
assumed amount.
*The expense information in the above tables has been presented on a basis
that assumes that the Fund's current 1.00% expense limitation had been in
effect during the year ended August 31, 1995.
The tenth paragraph in the section of Fund's Prospectus entitled "The
Trust and Its Management," is hereby amended to read as follows:
The Fund bears those Trust expenses which are accrued daily that are
incurred on its behalf and, in addition, bears a portion of general Trust
expenses, allocated based upon the relative net assets of the three Funds
of the Trust. Such expenses are generally deducted from the Fund's total
income before dividends are paid. Total expenses of the Fund for the
fiscal year ended August 31, 1995, including investment advisory fees (but
excluding brokerage commissions), amounted to 1.20% of the Fund's average
net assets. Certain Fund expenses are being absorbed by INVESCO
voluntarily pursuant to a commitment to the Fund in order to ensure that
the Fund's total expenses do not exceed 1.00% of the Fund's average net
assets. This commitment is applicable to Fund expenses incurred on or
after May 1, 1996, and may be changed following consultation with the
Company's board of directors.
The third paragraph in the section of the Fund's Prospectus entitled
"Additional Information" is hereby amended to read as follows:
Transfer and Dividend Disbursing Agent. INVESCO Funds
Group, Inc., 7800 E. Union Ave., Denver, Colorado 80237, acts
as registrar, transfer agent, and dividend disbursing agent
<PAGE>
for the Fund pursuant to a Transfer Agency Agreement which provides that
the Fund will pay an annual fee of $26.00 per shareholder account or
omnibus account participant. The transfer agency fee is not charged to
each shareholder's or participant's account, but is an expense of the Fund
to be paid from the Fund's assets. Registered broker-dealers, third party
administrators of tax-qualified retirement plans and other entities,
including affiliates of INVESCO, may provide sub-transfer agency or
record-keeping services to the Fund which reduce or eliminate the need for
identical services to be provided on behalf of the Fund by INVESCO. In
such cases, INVESCO may pay the third party an annual sub-transfer agency
or record-keeping fee out of the transfer agency fee which is paid to
INVESCO by the Fund.
The date of this Supplement is May 1, 1996.
<PAGE>
INVESCO TOTAL RETURN FUND
Supplement to Prospectus
dated December 29, 1995
The third paragraph in the section of the Fund's Prospectus entitled "Additional
Information" is hereby amended to read as follows:
Transfer and Dividend Disbursing Agent. INVESCO Funds Group, Inc.,
7800 E. Union Ave., Denver, Colorado 80237, acts as registrar, transfer
agent, and dividend disbursing agent for the Fund pursuant to a Transfer
Agency Agreement which provides that the Fund will pay an annual fee of
$20.00 per shareholder account per omnibus account participant. The
transfer agency fee is not charged to each shareholder's or participant's
account, but is an expense of the Fund to be paid from the Fund's assets.
Registered broker-dealers, third party administrators of tax-qualified
retirement plans and other entities, including affiliates of INVESCO, may
provide sub-transfer agency or record-keeping services to the Fund which
reduce or eliminate the need for identical services to be provided on
behalf of the Fund by INVESCO. In such cases, INVESCO may pay the third
party an annual sub-transfer agency or record-keeping fee out of the
transfer agency fee which is paid to INVESCO by the Fund.
The date of this Supplement is May 1, 1996.
<PAGE>
INVESCO Value Equity Fund
Supplement to Prospectus
dated December 29, 1995
The section of the Fund's Prospectus entitled "Annual Fund Expenses" is hereby
amended to read as follows:
Annual Fund Expenses
The Fund is 100% no-load; there are no fees to purchase, exchange or
redeem shares nor any ongoing marketing ("12b-1") expenses. Lower expenses
benefit Fund shareholders by increasing the Fund's total return.
Shareholder Transaction Expenses
Sales load "charge" on purchases............ None
Sales load "charge" on reinvested dividends. None
Redemption fees............................. None
Exchange fees............................... None
Annual Fund Operating Expenses
(as a percentage of average net assets)*
Management Fee.............................. 0.75%
12b-1 Fees.................................. None
Other Expenses.............................. 0.28%
Transfer Agency Fee(1).................... 0.11%
General Services, Administrative Services,
Registration Postage(2)................. 0.17%
Total Fund Operating Expenses............... 1.03%
(1) Consists of the transfer agency fee described under
"Additional Information -- Transfer and Dividend Disbursing
Agent."
(2) Includes, but is not limited to, fees and expenses of trustees,
custodian bank, legal counsel and auditors, a securities pricing service,
costs of administrative services furnished under an Administrative
Services Agreement, costs of registration of Fund shares under applicable
laws, and costs of printing and distributing reports to shareholders.
Example*
A shareholder would pay the following expenses on a $1,000
investment for the periods shown, assuming (1) a 5% annual return and (2)
redemption at the end of each time period:
1 Year 3 Years 5 Years 10 Years
------ ------- ------- --------
$11 $33 $57 $126
The purpose of the foregoing table is to assist investors
in understanding the various costs and expenses that an
investor in the Fund will bear directly or indirectly. Such
expenses are paid from the Fund's assets. (See "The Trust and
<PAGE>
Its Management.") The above figures for INVESCO Value Equity Fund are
based on fiscal year-end information. The Fund charges no sales load,
redemption fee or exchange fee and bears no distribution expenses. The
Example should not be considered a representation of past or future
expenses, and actual expenses may be greater or less than those shown. The
assumed 5% annual return is hypothetical and should not be considered a
representation of past or future annual returns, which may be greater or
less than the assumed amount.
*The expense information in the above tables has been presented on a basis
that assumes that the Fund's current transfer agency fees had been in
effect during the year ended August 31, 1995.
The third paragraph in the section of the Fund's Prospectus entitled "Additional
Information" is hereby amended to read as follows:
Transfer and Dividend Disbursing Agent. INVESCO Funds Group, Inc.,
7800 E. Union Ave., Denver, Colorado 80237, acts as registrar, transfer
agent, and dividend disbursing agent for the Fund pursuant to a Transfer
Agency Agreement which provides that the Fund will pay an annual fee of
$20.00 per shareholder account or omnibus account participant. The
transfer agency fee is not charged to each shareholder's or participant's
account, but is an expense of the Fund to be paid from the Fund's assets.
Registered broker-dealers, third party administrators of tax-qualified
retirement plans and other entities, including affiliates of INVESCO, may
provide sub-transfer agency or record-keeping services to the Fund which
reduce or eliminate the need for identical services to be provided on
behalf of the Fund by INVESCO. In such cases, INVESCO may pay the third
party an annual sub-transfer agency or record-keeping fee out of the
transfer agency fee which is paid to INVESCO by the Fund.
The date of this Supplement is May 1, 1996.
<PAGE>
INVESCO Value Trust
Supplement to Statement of Additional Information
Dated December 29, 1995
The second paragraph in the section of the Funds' Statement of Additional
Information entitled "The Funds and Their Management -- Transfer Agency
Agreement" is hereby amended to read as follows:
The Transfer Agency Agreement provides that the Trust shall pay to
INVESCO an annual fee of $20.00 per shareholder account or omnibus account
participant with respect to the INVESCO Value Equity and Total Return
Funds, and $26.00 per shareholder account or omnibus account participant
with respect to INVESCO Intermediate Government Bond Fund. These fees are
paid monthly at 1/12 of the annual fee and are based upon the number of
shareholder accounts or omnibus account participants in existence at any
time during each month. For the year ended August 31, 1995, the Trust paid
INVESCO transfer agency fees of $776,508.
The section of the Funds' Statement of Additional Information entitled "The
Funds and Their Management -- Officers and Trustees of the Trust" is hereby
amended to (1) delete the second through the nineteenth paragraphs and (2)
substitute the following new paragraphs in their place:
All of the officers and trustees of the Trust hold comparable
positions with INVESCO Diversified Funds, Inc., INVESCO Dynamics Fund,
Inc., INVESCO Emerging Opportunity Funds, Inc., INVESCO Growth Fund, Inc.,
INVESCO Income Funds, Inc., INVESCO Industrial Income Fund, Inc., INVESCO
International Funds, Inc., INVESCO Money Market Funds, Inc., INVESCO
Multiple Asset Funds, Inc., INVESCO Specialty Funds, Inc., INVESCO
Strategic Portfolios, Inc., INVESCO Tax-Free Income Funds, Inc., and
INVESCO Variable Investment Funds, Inc. In addition, all of the trustees
of the Trust also are directors of INVESCO Advisor Funds, Inc. (formerly
known as The EBI Funds, Inc.); and, with the exception of Mr. Hesser,
trustees of INVESCO Treasurer's Series Trust. Set forth below is
information with respect to each of the Trust's officers and trustees.
Unless otherwise indicated, the address of the trustees and officers is
Post Office Box 173706, Denver, Colorado 80217-3706. Their affiliations
represent their principal occupations during the past five years.
CHARLES W. BRADY,*+ Chairman of the Board. Chief Executive Officer and
Director of INVESCO PLC, London, England, and of various subsidiaries
thereof. Chairman of the Board of INVESCO Advisor Funds, Inc., INVESCO
Treasurer's Series Trust
<PAGE>
and The Global Health Sciences Fund. Address: 1315 Peachtree Street, NE,
Atlanta, Georgia. Born: May 11, 1935.
FRED A. DEERING,+# Vice Chairman of the Board. Vice Chairman of
INVESCO Advisor Funds, Inc., and INVESCO Treasurer's Series Trust. Trustee
of The Global Health Sciences Fund. Formerly, Chairman of the Executive
Committee and Chairman of the Board of Security Life of Denver Insurance
Company, Denver, Colorado; Director of ING America Life Insurance Company,
Urbaine Life Insurance Company and Midwestern United Life Insurance
Company. Address: Security Life Center, 1290 Broadway, Denver, Colorado.
Born: January 12, 1928.
DAN J. HESSER,+* President and Director. Chairman of the Board,
President, and Chief Executive Officer of INVESCO Funds Group, Inc.;
Director of INVESCO Trust Company. Trustee of The Global Health Sciences
Fund. Born: December 27, 1939.
VICTOR L. ANDREWS,** Director. Professor Emeritus, Chairman Emeritus
and Chairman of the CFO Roundtable of the Department of Finance of Georgia
State University, Atlanta, Georgia; President, Andrews Financial
Associates, Inc. (consulting firm); formerly, member of the faculties of
the Harvard Business School and the Sloan School of Management of MIT. Dr.
Andrews is also a Director of The Southeastern Thrift and Bank Fund, Inc.
and The Sheffield Funds, Inc. Address: 4625 Jettridge Drive, Atlanta,
Georgia. Born: June 23, 1930.
BOB R. BAKER,+** Director. President and Chief Executive Officer of
AMC Cancer Research Center, Denver, Colorado, since January 1989; until
mid-December 1988, Vice Chairman of the Board of First Columbia Financial
Corporation (a financial institution), Englewood, Colorado. Formerly,
Chairman of the Board and Chief Executive Officer of First Columbia
Financial Corporation. Address: 1775 Sherman Street, #1000, Denver,
Colorado. Born: August 7, 1936.
LAWRENCE H. BUDNER,# Director. Trust Consultant; prior to June 30,
1987, Senior Vice President and Senior Trust Officer of InterFirst Bank,
Dallas, Texas. Address: 7608 Glen Albens Circle, Dallas, Texas. Born: July
25, 1930.
DANIEL D. CHABRIS,+# Director. Financial Consultant; Assistant
Treasurer of Colt Industries Inc., New York, New York, from 1966 to 1988.
Address: 15 Sterling Road, Armonk, New York. Born: August 1, 1923.
<PAGE>
A.D. FRAZIER, JR.*,** Director. Chief Operating Officer of the Atlanta
Committee for the Olympic Games. From 1982 to 1991, Mr. Frazier was
employed in various capacities by First Chicago Bank, most recently as
Executive Vice President of the North American Banking Group. Trustee of
The Global Health Sciences Fund. Director of Magellan Health Services, Inc.
and of Charter Medical Corp. Address: 250 Williams Street, Suite 6000,
Atlanta, Georgia. Born: June 23, 1944.
HUBERT L. HARRIS, JR.*, Director. President of INVESCO Services, Inc.
(since January 1990). Director of INVESCO PLC and Chief Financial Officer
of INVESCO Individual Services Group. Member of the Executive Committee of
the Alumni Board of Trustees of Georgia Institute of Technology. Address:
1315 Peachtree Street, N.E., Atlanta, Georgia. Born: July 15, 1943.
KENNETH T. KING,** Director. Formerly, Chairman of the Board of The
Capitol Life Insurance Company, Providence Washington Insurance Company,
and Director of numerous subsidiaries thereof in the U.S. Formerly,
Chairman of the Board of The Providence Capitol Companies in the United
Kingdom and Guernsey. Chairman of the Board of the Symbion Corporation (a
high technology company) until 1987. Address: 4080 North Circulo
Manzanillo, Tucson, Arizona. Born: November 16, 1925.
JOHN W. McINTYRE,# Director. Retired. Formerly, Vice Chairman of the
Board of Directors of The Citizens and Southern Corporation and Chairman of
the Board and Chief Executive Officer of The Citizens and Southern Georgia
Corp. and Citizens and Southern National Bank. Director of Golden Poultry
Co., Inc. Trustee of The Global Health Sciences Fund and Gables Residential
Trust. Address: 7 Piedmont Center, Suite 100, Atlanta, Georgia. Born:
September 14, 1930.
GLEN A. PAYNE, Secretary. Senior Vice President, General Counsel and
Secretary of INVESCO Funds Group, Inc. and INVESCO Trust Company. Formerly,
employee of a U.S. regulatory agency, Washington, D.C., (June 1973 through
May 1989.) Born: September 25, 1947.
RONALD L. GROOMS, Treasurer. Senior Vice President and Treasurer of
INVESCO Funds Group, Inc. and INVESCO Trust Company since January 1988.
Born: October 1, 1946.
WILLIAM J. GALVIN, JR., Assistant Secretary. Senior Vice President of
INVESCO Funds Group, Inc. and Trust Officer of INVESCO Trust Company.
<PAGE>
Formerly, Vice President of 440 Financial Group from June 1990 to August
1992; Assistant Vice President of Putnam Companies from November 1986 to
June 1990. Born: August 21, 1956.
ALAN I. WATSON, Assistant Secretary. Vice President of INVESCO Funds
Group, Inc. and Trust Officer of INVESCO Trust Company. Born: September 14,
1941.
JUDY P. WIESE, Assistant Treasurer. Vice President of INVESCO Funds
Group, Inc. and Trust Officer of INVESCO Trust Company. Born: February 3,
1948.
The ninth paragraph of the section of the Funds' Statement of Additional
Information entitled "The Funds and Their Management - Director Compensation"
(the paragraph immediately following footnote 6) is hereby amended to read as
follows:
Messrs. Brady, Harris and Hesser , as "interested persons" of the
Trust and other funds in the INVESCO Complex, receive compensation as
officers or employees of INVESCO or its affiliated companies, and do not
receive any trustee's fees or other compensation from the Trust or other
funds in the INVESCO Complex for their services as trustees. Because of
the possibility that A.D. Frazier, Jr. may become employed by a company
affiliated with INVESCO at some point in the future, he was deemed to be
an "interested person" of the Trust and of the other funds in the INVESCO
Complex effective May 1, 1996. Until such time as Mr. Frazier actually
becomes employed by an INVESCO-affiliated company, however, he will
continue to receive the same trustee's fees and other compensation as the
Trust's independent trustees.
The date of this Supplement is May 1, 1996.
