INVESCO TREASURERS SERIES TRUST
497, 1997-04-04
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                        INVESCO TREASURER'S SERIES TRUST
                INVESCO Treasurer's Money Market Reserve Fund
                 INVESCO Treasurer's Tax-Exempt Reserve Fund

                  Supplement to Prospectus dated May 1, 1996

      The  Section  of the above  Funds'  Prospectus  entitled  "The  Investment
Adviser" is amended to (1) delete the first  paragraph,  and (2)  substitute the
following paragraph in its place:

            The investment  adviser to the Trust is INVESCO Capital  Management,
      Inc., a Delaware  corporation  (sometimes  referred to as the  "Adviser"),
      having its  principal  office at 1315  Peachtree  Street,  N.E.,  Atlanta,
      Georgia  30309.  The Adviser is an  indirect  subsidiary  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.  INVESCO
      Capital Management, Inc. will continue to operate under its existing name.
      AMVESCO has  approximately  $165 billion in assets under  management.  The
      adviser  also has an  advisory  office  in  Coral  Gables,  Florida  and a
      marketing and client services office in San Francisco.


The date of this Supplement is March 31, 1997.


<PAGE>



                        INVESCO TREASURER'S SERIES TRUST

              Supplement to Statement of Additional Information
                                dated May 1, 1996

The Section of the above Fund's  Statement of  Additional  Information  entitled
"The  Advisory  Agreement"  is  amended  to (1)  delete  the  second  and  third
paragraphs and (2) substitute the following new paragraphs in their place:

            ICM is an  indirect,  wholly  owned  subsidiary  of  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.  AMVESCO PLC's other North  American  subsidiaries
      include the following:

            --INVESCO  Funds  Group,  Inc.  of  Denver,  Colorado,  serves as an
      investment  adviser to 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., INVESCO
      Value Trust and INVESCO  Variable  Investment  Funds,  Inc.  INVESCO Funds
      Group,  Inc.  Is the sole  shareholder  of INVESCO  Trust  Company,  whose
      primary business is to provide investment advisory and research services.

            --INVESCO   Capital   Management,   Inc.  Of   Atlanta,   Georgia,
      manages     institutional     investment     portfolios,      consisting
      primarily    of    discretionary     employee    benefit    plans    for
      corporations   and   state   and  local   governments,   and   endowment
      funds.    INVESCO    Capital    Management,    Inc.    Is    the    sole
      shareholder   of  INVESCO   Services,   Inc.,   a   registered   broker-
      dealer  whose  primary   business  is  the  distribution  of  shares  of
      two registered investment companies.

            --INVESCO   Management   &  Research,   Inc.   (Formerly   Gardner
      and   Preston   Moss,   Inc.)  of   Boston,   Massachusetts,   primarily
      manages pension and endowment accounts.

            --PRIMCO     Capital     Management,     Inc.    of    Louisville,
      Kentucky,   specializes   in   managing   stable   return   investments,
      principally on behalf of Section 401(k) retirement plans.



<PAGE>



            --INVESCO     Realty    Advisors    of    Dallas,     Texas,    is
      responsible   for   providing   advisory   services  in  the  U.S.  real
      estate   markets   for  AMVESCO   PLC's   clients   worldwide.   Clients
      include   corporate   pension   plans  and  public   pension   funds  as
      well as endowment and foundation accounts.

            --A   I   M   Advisors,    Inc.   of   Houston,   Texas   provides
      investment   advisory  and   administrative   services  for  retail  and
      institutional mutual funds.

            --A  I  M  Capital  Management,  Inc.  of  Houston,  Texas  provides
      investment advisory services to individuals,  corporations,  pension plans
      and  other  private  investment  advisory  accounts  and also  serves as a
      sub-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  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.

This supplement is dated March 31, 1997.




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