INVESCO EMERGING OPPORTUNITY FUNDS INC
497, 1997-02-04
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                   INVESCO Emerging Opportunity Funds, Inc.
                          INVESCO Emerging Growth Fund
                            Supplement to Prospectus
                              dated October 1, 1996



     The name of the INVESCO  Emerging  Growth Fund has been  changed to INVESCO
Small  Company  Growth Fund.  This name change was made in order to more clearly
identify the Fund's investment style. Therefore, any reference in the Prospectus
to the name of the Fund is hereby changed to INVESCO Small Company Growth Fund.

     The section of the Fund's Prospectus entitled "The Fund and Its Management"
is amended to (1) delete the third  paragraph and (2)  substitute  the following
new paragraphs in its place:

     A team of  individuals,  led by  Timothy  J.  Miller,  serve  as  portfolio
managers of the Fund and are primarily responsible for the day-to-day management
of the Fund's portfolio of securities:

Timothy J. Miller, C.F.A.
      Co-portfolio  manager  of the Fund  since  1997;  co-portfolio  manager of
INVESCO Growth Fund,  Inc.  since 1996;  portfolio  manager of INVESCO  Dynamics
Fund, Inc. since 1993;  senior vice president (1995 to present),  vice president
(1993 to 1995) and portfolio manager (1992 to present) of INVESCO Trust Company.
Formerly (1979 to 1992),  analyst and portfolio manager with Mississippi  Valley
Advisors. B.S.B.A., St. Louis University;  M.B.A., University of Missouri. He is
a Chartered Financial Analyst.

Trent E. May, C.F.A.
      Co-portfolio  manager  of the Fund  since  1997;  co-portfolio  manager of
INVESCO Growth Fund, Inc. since 1996;  portfolio manager (since 1996) of INVESCO
Trust Company.  Formerly,  senior equity fund  manager/equity  analyst at Munder
Capital  Management  in  Detroit.  B.S.,   Engineering,   Florida  Institute  of
Technology; M.B.A., Rollins College. He is a Chartered Financial Analyst.

Stacie Cowell, C.F.A.
      Co-portfolio  manager of the Fund since  1997;  portfolio  manager  (since
1996) of INVESCO Trust  Company.  Formerly,  senior equity analyst with Founders
Asset Management;  capital markets and trading analyst with Chase Manhattan Bank
in New York. B.A., Economics,  Colgate University.  She is a Chartered Financial
Analyst.

The date of this supplement is February 1, 1997.



<PAGE>



                   INVESCO Emerging Opportunity Funds, Inc.
              Supplement to Statement of Additional Information
                              Dated October 1, 1996

     The name of the INVESCO  Emerging  Growth Fund has been  changed to INVESCO
Small  Company  Growth Fund.  This name change was made in order to more clearly
identify the Fund's investment style. Therefore,  any reference in the Statement
of Additional  Information  to the name of the Fund is hereby changed to INVESCO
Small Company Growth Fund.

The date of this Supplement is February 1, 1997.









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