INVESCO COMBINATION STOCK & BOND FUNDS, INC.
INVESCO Industrial Income Fund
Supplement to Prospectus dated May 28, 1999
Effective July 30, 1999, the name of INVESCO Industrial Income Fund is changed
to INVESCO Equity Income Fund. All references in this Prospectus to INVESCO
Industrial Income Fund are hereby deleted and substituted with INVESCO Equity
Income Fund.
Effective July 9, 1999, the section of the Fund's Prospectus entitled
"Investment Policies And Risks - Investment Restrictions" is amended to (1)
delete the section in its entirety and (2) substitute the following in its
place:
INVESTMENT RESTRICTIONS.
The Fund is subject to a variety of restrictions regarding the investments
that are identified in the Statement of Additional Information. Certain of
the Fund's investment restrictions are fundamental and may not be altered
without the approval of the Fund's shareholders. For example, with respect
to 75% of its total assets, the Fund may not purchase the securities of
any one issuer (other than securities issued or guaranteed by the U.S.
government or any of its agencies or instrumentalities, or securities of
other investment companies) if the purchase would cause the Fund to have
more than 5% of its total assets invested in the issuer or to have more
than 10% of the outstanding voting securities of that issuer. In addition,
the Fund may not purchase the securities of any issuer (other than
securities issued or guaranteed by the U.S. government or any of its
agencies or instrumentalities or municipal securities) if, as a result,
more than 25% of the Fund's total assets would be invested in the
securities of companies whose principal business activities are in the
same industry. Other fundamental restrictions prohibit the Fund from
lending more that 33 1/3% of its total assets to other parties and from
borrowing money in an aggregate amount exceeding 33 1/3% of its total
assets.
The date of this Supplement is July 30, 1999.
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INVESCO COMBINATION STOCK & BOND FUNDS, INC.
INVESCO Industrial Income Fund
Supplement to Statement of Additional Information
Dated May 28, 1999
Effective July 30, 1999, the name of INVESCO Industrial Income Fund is changed
to INVESCO Equity Income Fund. All references in the SAI to INVESCO Industrial
Income Fund are hereby deleted and substituted with INVESCO Equity Income Fund.
Effective July 9, 1999, the section of the Company's SAI entitled "Investment
Policies and Restrictions - Investment Restrictions" is amended to (1) delete
items 1 and 2 in their entirety and (2) substitute the following in their place
and renumber the subsequent numeric items accordingly:
(1) The Fund may not borrow money, except that the Fund may borrow money
in an amount not exceeding 33 1/3% of its total assets (including
the amount borrowed) less liabilities (other than borrowings).
Effective July 9, 1999, the section of the Company's SAI entitled "Investment
Policies and Restrictions - Investment Restrictions" is amended to add the
following after item D:
E. The Fund may not sell securities short (unless it owns or has the
right to obtain securities equivalent in kind and amount to the
securities sold short) or purchase securities on margin, except that
(i) this policy does not prevent the Fund from entering into short
positions in foreign currency, futures contracts, options, forward
contracts, swaps, caps, floors, collars and other financial
instruments, (ii) the Fund may obtain such short-term credits as are
necessary for the clearance of transactions, and (iii) the Fund may
make margin payments in connection with futures contracts, options,
forward contracts, swaps, caps, floors, collars and other financial
instruments.
The date of this Supplement is July 30, 1999.
