INVESCO COMBINATION STOCK & BOND FUNDS, INC.
Supplement to Class C Prospectus dated December 31, 1999
The section of the Prospectus entitled "Fees And Expenses - Annual Fund
Operating Expenses That Are Deducted From Fund Assets" is amended to (1) delete
the table and the footnotes and (2) substitute the following, respectively, in
their place:
ANNUAL FUND OPERATING EXPENSES THAT ARE
DEDUCTED FROM FUND ASSETS
EQUITY INCOME FUND - CLASS C
Management Fee 0.48%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses 0.23%
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Total Annual Fund Operating Expenses 1.71%
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BALANCED FUND - CLASS C
Management Fee 0.60%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses(2) 0.47%
-----
Total Annual Fund Operating Expenses(2) 2.07%
=====
TOTAL RETURN FUND - CLASS C
Management Fee 0.56%
Distribution and Service (12b-1) Fees(1) 1.00%
Other Expenses 0.21%
-----
Total Annual Fund Operating Expenses 1.77%
=====
(1) Because the Funds' Class C shares pay 12b-1 distribution and service
fees which are based upon each Fund's assets, if you own shares of a
Fund for a long period of time, you may pay more than the economic
equivalent of the maximum front-end sales charge permitted for mutual
funds by the National Association of Securities Dealers, Inc.
(2) Based on estimated expenses for the current fiscal year, which may be
more or less than actual expenses. Actual expenses are not provided
because each Fund's Class C shares were not offered until February 15,
2000. Certain expenses of Balanced Fund will be absorbed by INVESCO in
order to ensure that expenses for that Fund's Class C shares will not
exceed 2.00% of the Fund's average net assets attributable to Class C
shares pursuant to a commitment between the Fund and INVESCO. This
commitment may be changed at any time following consultation with
the board of directors. After absorption, Balanced Fund - Class C
shares' Other Expenses and Total Annual Fund Operating Expenses are
estimated to be 0.41% and 2.01%, respectively, of the Fund's average
net assets.
The section of the Prospectus entitled "Fees And Expenses - Examples" is amended
to (1) delete the second paragraph and (2) substitute the following in its
place:
The Examples assume that you invested $10,000 in Class C shares of a Fund
for the time periods indicated. The first Example assumes that you redeem
all of your shares at the end of each period. The second Example assumes
you keep your shares. Both Examples also assume that your investment had a
hypothetical 5% return each year and that a Fund's Class C shares'
operating expenses remained the same. Although the actual costs and
performance of a Fund's Class C shares may be higher or lower, based on
these assumptions your costs would have been:
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IF SHARES ARE REDEEMED 1 year 3 years 5 years 10 years
Equity Income Fund - Class C $ 274 $ 539 $ 928 $2,019
Balanced Fund - Class C $ 310 $ 649 $1,114 $2,400
Total Return Fund - Class C $ 280 $ 557 $ 959 $2,084
IF SHARES ARE NOT REDEEMED 1 year 3 years 5 years 10 years
Equity Income Fund - Class C $ 174 $ 539 $ 928 $2,019
Balanced Fund - Class C $ 210 $ 649 $1,114 $2,400
Total Return Fund - Class C $ 180 $ 557 $ 959 $2,084
The section of the Prospectus entitled "Portfolio Managers" is amended to (1)
delete the first paragraph and (2) substitute the following in its place:
The following individuals are primarily responsible for the day-to-day
management of their respective Fund's or Funds' portfolio holdings.
FUND PORTFOLIO MANAGER(S)
Equity Income Charles P. Mayer
Donovan J. (Jerry) Paul
Balanced Charles P. Mayer
Donovan J. (Jerry) Paul
Peter M. Lovell
Total Return David S. Griffin
James O. Baker
Thomas L. Shields
The section of the Prospectus entitled "Portfolio Managers" is amended to (1)
delete the fifth and sixth paragraphs and (2) substitute the following in their
place:
DAVID S. GRIFFIN, a Chartered Financial Analyst, is the lead portfolio
manager of Total Return Fund. He has been a portfolio manager for INVESCO
Capital Management, Inc. since 1991. Dave holds an M.B.A. from the College
of William and Mary and a B.A. from Ohio Wesleyan University.
The section of the Prospectus entitled "Portfolio Managers" is amended to (1)
delete the eighth paragraph and (2) substitute the following in its place:
THOMAS L. SHIELDS, a Chartered Financial Analyst, is an assistant portfolio
manager of Total Return Fund. Before joining INVESCO in 1983, he was a
portfolio manager with Schroder Capital Management. Tom holds an M.B.A. and
a B.B.A. from Tulane University.
The section of the Prospectus entitled "How To Buy Shares - Contingent Deferred
Sales Charge (CDSC)" is amended to (1) delete the second paragraph and (2)
substitute the following in its place:
You will not pay a CDSC:
o if you redeem Class C shares you held for more than 13 months;
o if you redeem shares acquired through reinvestment of dividends
and distributions;
o on increases in the net asset value of your shares;
o if you participate in the periodic withdrawal program and
withdraw up to 10% of the value of your shares that are subject
to a CDSC in any 12-month period. The value of your shares, and
applicable 12-month period, will be calculated based upon the
value of your account on, and the date of, the first periodic
withdrawal;
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o to pay account fees;
o for IRA distributions due to death, disability or period
distributions based on life expectancy;
o to return excess contributions (and earnings, if applicable) from
retirement plan accounts; or
o for redemptions following the death of a shareholder or
beneficial owner.
This Supplement supercedes the Supplements dated June 1, 2000 and July 20, 2000.
The date of this Supplement is August 24, 2000.
