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.
