INVESCO COMBINATION STOCK & BOND FUNDS, INC.
Supplement to Statement of Additional Information
dated December 1, 1998
The section of the INVESCO Combination Stock & Bond Funds, Inc.'s Statement of
Additional Information entitled "The Fund And Its Management: Sub-Advisory
Agreement" is amended to (1) delete the third paragraph, and (2) substitute the
following new paragraph in its place:
The Sub-Agreement provides that as compensation for its services, IMR shall
receive from INVESCO, at the end of each month, a fee based upon the
average daily value of the Multi-Asset Allocation Fund's net assets. The
fee is calculated at the following annual rates: prior to January 1, 1998,
0.375% on the first $500 million of the Fund's average net assets; 0.325%
on the next $500 million of the Fund's average net assets; and 0.25% on the
Fund's average net assets over $1 billion; and effective January 1, 1998,
0.30% on the first $500 million of the Fund's average net assets; 0.26% on
the next $500 million of the Fund's average net assets and 0.20% on the
Fund's average net assets in excess of $1 billion. The Sub-Advisory fee is
paid by INVESCO, NOT the Fund.
The date of this Supplement is February 5, 1999.
