INVESCO MULTIPLE ASSET FUNDS INC
497, 1998-01-15
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                   INVESCO MULTIPLE ASSET FUNDS, INC.
                         INVESCO Balanced Fund


            Supplement to Prospectus dated December 1, 1997

The Section of the above  Fund's  Prospectus  entitled  "Essential  Information:
Organization  and  Management"  is amended to delete  the second  paragraph  and
substitute the following paragraph in its place:

        The Fund's investments are selected by its portfolio managers:  INVESCO
     senior vice presidents Charles Mayer,  who has 27 years of experience, and
     Donovan  J.  (Jerry)  Paul  who has 21  years of  experience.  A  Chartered
     Financial Analyst,  Mr. Mayer received an M.B.A. from St. John's University
     and a B.A. from St. Peter's College.  Mr. Paul received an M.B.A.  from the
     University of Northern Iowa and a B.B.A. from the University of Iowa. He is
     both a Chartered Financial Analyst and a Certified Public Accountant.

The  Section  of  the  above  Fund's  Prospectus  entitled  "The  Fund  And  Its
Management"  is amended to delete  the  seventh  paragraph  and  substitute  the
following paragraph in its place:

     Charles P. Mayer, who is the head of INVESCO's  Equity Income Team, and 
     Donovan J. (Jerry) Paul,  who is the head of INVESCO's Fixed Income Team,
     are primarily responsible for the day-to-day management of the Fund's
     portfolio holdings.

     The  Section  of the above  Fund's  Prospectus  entitled  "The Fund And Its
Management" is amended to delete the ninth paragraph in its entirety.

The date of this Supplement is January 1, 1998.







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