INVESCO COMBINATION STOCK & BOND FUNDS INC
24F-2NT, 1999-08-25
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                   U. S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

1.    Name and Address of issuer:
               INVESCO Combination Stock & Bond Funds, Inc.
               7800 East Union Avenue
               Denver, Colorado 80237

2.   The name of each  series or class of  securities  for which this Form is
     filed (if the form is being  filed for all series and classes of securities
     of the issuer, check the box but do not list series or classes):

     __X__

3.    Investment Company Act File Number: 811-8066

      Securities Act File Number:   033-69904

4(a)  Last day of fiscal year for which this Form is filed: May 31, 1999

4(b)  ____  Check  box if this  Form is being  filed  late  (i.e.,  more than 90
      calendar days after the end of the issuer=s fiscal year).
      (See Instruction A.2)

4(c)  ____  Check box if this is the last time the  issuer  will be filing  this
      Form.

5.    Calculation of registration fee:

      (i)   Aggregate sales price of securities
            sold during the fiscal year
            pursuant to section 24(f)               $2,606,099,206

      (ii)  Aggregate price of securities
            redeemed or repurchased during
            the fiscal year:                        $2,224,509,105

      (iii) Aggregate  price of securities
            redeemed or  repurchased  during any
            prior  fiscal year ending no earlier
            than October 1, 1995 that were
            not  previously  used to reduce
            registration  fees  payable  to the
            Commission                              $307,051,013

      (iv)  Total  available  redemption  credits
            [add items  5(ii) and 5(iii)]           $2,531,560,118



      (v)   Net sales - if item 5(i) is greater
            than item 5(iv) [subtract item 5(iv)
            from item 5(i)]                         $74,539,088

<PAGE>


      (vi)  Redemption  credits available for
            use in future years - if item 5(i)
            is less than item 5(iv)
            [subtract item 5(iv) from item 5(i)]    $0

      (vii) Multiplier for determining
            registration fee (See Instruction C.9)  x0.000278

      (viii)Registration fee due [multiply item
            5(v) by item 5(vii)]
            (enter "0" if no fee is due):           = $20,721.87

6.    Prepaid Shares

      If the  response to item 5(i) was  determined  by  deducting  an amount of
      securities  that were  registered  under the  Securities Act of 1933
      pursuant to rule 24e-2 as in effect  before  October  11,  1997,  then
      report the amount of securities (number of shares or other units) deducted
      here: _______________.  If there is a number of shares or other units that
      were registered pursuant to rule 24e-2  remaining unsold at the end of the
      fiscal  year for which  this form is filed that are  available  for use by
      the issuer in future  fiscal  years,  then state that number
      here: _______________.

7.    Interest due - if this Form is being
      filed more than 90 days after the end
      of the Issuer=s fiscal year
      (see instruction D)                   :       +$0

8.    Total of the  amount of the  registration
      fee due plus any  interest  due
      [line 5(viii) plus line 7]            :       =$20,721.87

9.    Date of the registration fee  and any  interest  payment  was  sent to the
      Commission's lockbox depository:

            Method of Delivery:
                                  X     Wire Transfer
                                 ___    Mail or other means


<PAGE>



                                   SIGNATURES

This  report  has been  signed  below by the  following  person on behalf of the
issuer and in the capacities and on the date indicated.

               INVESCO Combination Stock & Bond Funds, Inc.
                                    --INVESCO Balanced Fund
                                    --INVESCO Industrial Income Fund
                                    --INVESCO Total Return Fund
                                    --INVESCO Multi-Asset Allocation Fund



                                   /s/ Mark H. Williamson
                              By:___________________________________
                                      Mark H. Williamson
                                      President


Date: August 25, 1999




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