<PAGE> PAGE 1
000 A000000 11/30/98
000 C000000 0000870781
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 INVESCO EMERGING OPPORTUNITY FUNDS, INC.
001 B000000 811-6234
001 C000000 3039306300
002 A000000 7800 E. UNION AVENUE
002 B000000 DENVER
002 C000000 CO
002 D010000 80237
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 INVESCO SMALL COMPANY GROWTH FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 INVESCO FUNDS GROUP, INC.
010 B00AA01 801-1569
010 C01AA01 DENVER
010 C02AA01 CO
010 C03AA01 80237
011 A00AA01 INVESCO DISTRIBUTORS, INC.
011 B00AA01 8-08256
011 C01AA01 DENVER
011 C02AA01 CO
011 C03AA01 80237
012 A00AA01 INVESCO FUNDS GROUP, INC.
012 B00AA01 84-0235630
012 C01AA01 DENVER
012 C02AA01 CO
012 C03AA01 80237
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 DENVER
<PAGE> PAGE 2
013 B02AA01 CO
013 B03AA01 80202
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 53
019 C00AA00 INVESCOFUN
020 A000001 ROBERTSON STEPHENS
020 B000001 94-2524501
020 C000001 96
020 A000002 MERRILL LYNCH PIERCE
020 B000002 13-5674085
020 C000002 45
020 A000003 GOLDMAN SACHS
020 B000003 13-5108880
020 C000003 40
020 A000004 BT ALEX BROWN & SONS
020 B000004 52-0256630
020 C000004 39
020 A000005 JEFFERIES & COMPANY
020 B000005 95-2622900
020 C000005 36
020 A000006 BEAR STEARNS
020 B000006 13-3604093
020 C000006 36
020 A000007 NATIONSBANC/MONTGOMERY SEC
020 B000007 94-1701676
020 C000007 29
020 A000008 ADAMS HARKNESS & HILL
020 B000008 04-2149932
020 C000008 26
020 A000009 FIRST BOSTON CORPORATION
020 B000009 13-5659485
020 C000009 23
020 A000010 PIPER JAFFRAY
020 B000010 41-0953246
020 C000010 18
021 000000 615
022 A000001 STATE STREET CAPITAL MARKET
022 B000001 04-1867445
022 C000001 5266832
022 D000001 0
022 A000002 ROBERTSON STEPHENS
022 B000002 94-2524501
022 C000002 12324
022 D000002 18733
022 A000003 NATIONSBANC/MONTGOMERY SEC
022 B000003 94-1701676
022 C000003 21707
022 D000003 7858
022 A000004 AMERICAN GENERAL FINANCE
022 B000004 76-0050868
<PAGE> PAGE 3
022 C000004 25000
022 D000004 0
022 A000005 FIRST BOSTON CORPORATION
022 B000005 13-5659485
022 C000005 11870
022 D000005 9220
022 A000006 ADAMS HARKNESS & HILL
022 B000006 04-2149932
022 C000006 7401
022 D000006 8818
022 A000007 PIPER JAFFRAY
022 B000007 41-0953246
022 C000007 5948
022 D000007 10129
022 A000008 MORGAN STANLEY & CO., INC.
022 B000008 13-2655998
022 C000008 8898
022 D000008 6326
022 A000009 MERRILL LYNCH PIERCE
022 B000009 13-5674085
022 C000009 7190
022 D000009 6814
022 A000010 BEAR STEARNS
022 B000010 13-3604093
022 C000010 6846
022 D000010 6897
023 C000000 5452619
023 D000000 161894
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
<PAGE> PAGE 4
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
077 A000000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
086 A01AA00 0
086 A02AA00 0
086 B01AA00 0
086 B02AA00 0
086 C01AA00 0
086 C02AA00 0
086 D01AA00 0
086 D02AA00 0
086 E01AA00 0
086 E02AA00 0
086 F01AA00 0
086 F02AA00 0
008 A000101 INVESCO FUNDS GROUP, INC.
008 B000101 A
008 C000101 801-1569
008 D010101 DENVER
008 D020101 CO
008 D030101 80237
015 A000101 STATE STREET BANK & TRUST CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02105
<PAGE> PAGE 5
015 E010101 X
015 A000102 CITIBANK N.A.
015 B000102 S
015 C010102 BUENOS AIRES
015 D010102 ARGENTINA
015 E040102 X
015 A000103 HONGKONG AND SHANGHAI BANKING CORPORATION LTD
015 B000103 S
015 C010103 SHANGHAI
015 D010103 CHINA
015 E040103 X
015 A000104 STANDARD CHARTERED BANK PLC
015 B000104 S
015 C010104 HONG KONG
015 D010104 CHINA
015 E040104 X
015 A000105 THE FUJI BANK, LIMITED
015 B000105 S
015 C010105 TOKYO
015 D010105 JAPAN
015 E040105 X
015 A000106 CITIBANK MEXICO S.A.
015 B000106 S
015 C010106 MEXICO CITY
015 D010106 MEXICO
015 E040106 X
015 A000107 AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD.
015 B000107 S
015 C010107 WELLINGTON
015 D010107 NEW ZEALAND
015 E040107 X
015 A000108 STATE STREET BANK & TRUST COMPANY
015 B000108 S
015 C010108 LONDON
015 D010108 UNITED KINGDOM
015 E040108 X
015 A000109 MEESPIERSON NV
015 B000109 S
015 C010109 AMSTERDAM
015 D010109 THE NETHERLANDS
015 E040109 X
015 A000110 THE HONGKONG AND SHANGHAI BANKING CORP LTD
015 B000110 S
015 C010110 SHENZHEN
015 D010110 CHINA
015 E040110 X
024 000100 Y
025 A000101 STATE STREET CAPITAL MARKET
025 B000101 04-1867445
025 C000101 D
025 D000101 58055
<PAGE> PAGE 6
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 31559
028 A020100 0
028 A030100 0
028 A040100 27501
028 B010100 24210
028 B020100 0
028 B030100 0
028 B040100 31526
028 C010100 27890
028 C020100 0
028 C030100 0
028 C040100 41184
028 D010100 42483
028 D020100 0
028 D030100 0
028 D040100 31710
028 E010100 61828
028 E020100 0
028 E030100 0
028 E040100 50213
028 F010100 56942
028 F020100 0
028 F030100 0
028 F040100 57508
028 G010100 244912
028 G020100 0
028 G030100 0
028 G040100 239642
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
040 000100 Y
041 000100 Y
<PAGE> PAGE 7
042 A000100 35
042 B000100 12
042 C000100 0
042 D000100 37
042 E000100 0
042 F000100 0
042 G000100 16
042 H000100 0
043 000100 319
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 350000
048 A020100 0.750
048 B010100 350000
048 B020100 0.650
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 700000
048 K020100 0.550
055 A000100 Y
055 B000100 N
056 000100 N
057 000100 N
058 A000100 N
059 000100 Y
061 000100 1000
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
<PAGE> PAGE 8
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
<PAGE> PAGE 9
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 193907
071 B000100 211048
071 C000100 213079
071 D000100 91
072 A000100 6
072 B000100 1108
072 C000100 128
072 D000100 0
072 E000100 -1
072 F000100 936
072 G000100 24
072 H000100 0
072 I000100 519
072 J000100 34
072 K000100 9
072 L000100 51
072 M000100 11
072 N000100 41
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 11
072 S000100 7
072 T000100 312
072 U000100 0
072 V000100 0
072 W000100 6
072 X000100 1961
072 Y000100 88
072 Z000100 -638
072AA000100 0
072BB000100 7892
072CC010100 4037
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 208
074 B000100 58055
<PAGE> PAGE 10
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 224550
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 2966
074 K000100 0
074 L000100 617
074 M000100 124
074 N000100 286520
074 O000100 2452
074 P000100 54
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 10618
074 S000100 0
074 T000100 273396
074 U010100 23649
074 U020100 0
074 V010100 11.56
074 V020100 0.00
074 W000100 0.0000
074 X000100 23124
074 Y000100 0
075 A000100 0
075 B000100 252332
076 000100 0.00
SIGNATURE JUDY P. WEISE
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000870781
<NAME> INVESCO EMERGING OPPORTUNITY FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> INVESCO SMALL COMPANY GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1999
<PERIOD-END> NOV-30-1998
<INVESTMENTS-AT-COST> 265093977
<INVESTMENTS-AT-VALUE> 282604515
<RECEIVABLES> 3583345
<ASSETS-OTHER> 124187
<OTHER-ITEMS-ASSETS> 208157
<TOTAL-ASSETS> 286520204
<PAYABLE-FOR-SECURITIES> 2452557
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10672049
<TOTAL-LIABILITIES> 13124606
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 237818949
<SHARES-COMMON-STOCK> 23648672
<SHARES-COMMON-PRIOR> 22909036
<ACCUMULATED-NII-CURRENT> (653747)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18719858
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17510538
<NET-ASSETS> 273395598
<DIVIDEND-INCOME> 127412
<INTEREST-INCOME> 1108143
<OTHER-INCOME> (1163)
<EXPENSES-NET> 1872450
<NET-INVESTMENT-INCOME> (638058)
<REALIZED-GAINS-CURRENT> (7892243)
<APPREC-INCREASE-CURRENT> 4036803
<NET-CHANGE-FROM-OPS> (3855440)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22764686
<NUMBER-OF-SHARES-REDEEMED> 22025050
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 776907
<ACCUMULATED-NII-PRIOR> (15689)
<ACCUMULATED-GAINS-PRIOR> 26612101
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 936287
<INTEREST-EXPENSE> (10)
<GROSS-EXPENSE> 1960680
<AVERAGE-NET-ASSETS> 252331794
<PER-SHARE-NAV-BEGIN> 11.90
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> (0.31)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.56
<EXPENSE-RATIO> .01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
