INVESCO COMBINATION STOCK & BOND FUNDS INC
497, 2000-01-03
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                  INVESCO COMBINATION STOCK & BOND FUNDS, INC.
                           INVESCO Equity Income Fund
                              INVESCO Balanced Fund
                            INVESCO Total Return Fund

                Supplement to Prospectus dated September 30, 1999


Effective  December 31, 1999, the existing  class of shares of INVESCO  Balanced
Fund,  INVESCO  Equity  Income  Fund and  INVESCO  Total  Return  Fund is hereby
designated as "Investor Class."

The section of the Funds' Prospectus entitled "Your Account Services" is amended
to add the following new  subsection  after the subsection  entitled  "Telephone
Transactions:"

      HOUSEHOLDING. To save money for the Funds, INVESCO will send only one copy
      of a  prospectus  or  financial  report to each  household  address.  This
      process,  known as "householding,"  is used for most required  shareholder
      mailings.  It does not apply to account  statements.  You may,  of course,
      request an additional copy of a prospectus or financial report at any time
      by calling or writing INVESCO.  You may also request that  householding be
      eliminated from all of your required mailings.

The date of this Supplement is December 31, 1999.

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                  INVESCO COMBINATION STOCK & BOND FUNDS, INC.
                           INVESCO Equity Income Fund
                              INVESCO Balanced Fund
                            INVESCO Total Return Fund

   Supplement to Statement of Additional Information dated September 30, 1999


Effective  December 31, 1999,  the current  class of shares of INVESCO  Balanced
Fund,  INVESCO  Equity  Income  Fund and  INVESCO  Total  Return  Fund is hereby
designated as "Investor Class."

The date of this Supplement is December 31, 1999.





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