INVESCO SPECIALTY FUNDS, INC.
INVESCO Worldwide Capital Goods Fund
INVESCO Worldwide Communications Fund
INVESCO European Small Company Fund
INVESCO Latin American Growth Fund
INVESCO Asian Growth Fund
(December 1, 1996)
INVESCO Realty Fund
(January 1, 1997)
Supplement to Prospectuses of Above Funds
Dates of Which Are Indicated in Parenthesis
A. The Section of all of the above-named Funds' Prospectuses
entitled "The Fund(s) And Their/Its Management" is amended to
delete the first paragraph in its entirety.
B. The Section of the INVESCO Worldwide Capital Goods and INVESCO Worldwide
Communications Funds' Prospectus entitled "The Fund and Their Management"
is amended to (1) delete the fourth paragraph, and (2) substitute the
following paragraph in its
place:
INVESCO is an indirect wholly owned subsidiary of AMVESCO PLC.
AMVESCO PLC is a publicly-traded holding company that, through its
subsidiaries, engages in the business of investment management on an
international basis. INVESCO PLC changed its name to AMVESCO PLC on
March 3, 1997, as part of a merger between a direct subsidiary of
INVESCO PLC and A I M Management Group Inc., thus creating one of
the largest independent investment management businesses in the
world. Subject to obtaining shareholder approval at its regular
Annual Shareholder Meeting, the board of directors of AMVESCO PLC
has concluded that the corporate name should be changed to AMVESCAP
PLC effective May 8, 1997. INVESCO and INVESCO Trust Company will
continue to operate under their existing names. AMVESCO has
approximately $165 billion in assets under management. INVESCO was
established in 1932 and, as of July 31, 1996, managed 14 mutual
funds, consisting of 39 separate portfolios, with combined assets of
approximately $12.2 billion on behalf of over 821,000 shareholders.
C. The Section of the INVESCO European Small Company Fund's Prospectus
entitled "The Fund and Its Management" is amended to (1) delete the fourth
paragraph, and (2) substitute the following paragraph in its place:
INVESCO is an indirect wholly owned subsidiary of AMVESCO PLC.
AMVESCO PLC is a publicly-traded holding company that, through its
subsidiaries, engages in the business of investment management on an
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international basis. INVESCO PLC changed its name to AMVESCO PLC on
March 3, 1997, as part of a merger between a direct subsidiary of
INVESCO PLC and A I M Management Group Inc., thus creating one of
the largest independent investment management businesses in the
world. Subject to obtaining shareholder approval at its regular
Annual Shareholder Meeting, the board of directors of AMVESCO PLC
has concluded that the corporate name should be changed to AMVESCAP
PLC effective May 8, 1997. INVESCO and INVESCO Asset Management
Limited will continue to operate under their existing names.
AMVESCO has approximately $165 billion in assets under management.
INVESCO was established in 1932 and, as of July 31, 1996, managed 14
mutual funds, consisting of 39 separate portfolios, with combined
assets of approximately $12.2 billion on behalf of over 821,000
shareholders.
D. The Section of the INVESCO Latin American Growth Fund Prospectus entitled
"The Fund and Its Management" is amended to (1) delete the fourth
paragraph, and (2) substitute the following paragraph in its place:
INVESCO is an indirect wholly owned subsidiary of AMVESCO PLC.
AMVESCO PLC is a publicly-traded holding company that, through its
subsidiaries, engages in the business of investment management on an
international basis. INVESCO PLC changed its name to AMVESCO PLC on
March 3, 1997, as part of a merger between a direct subsidiary of
INVESCO PLC and A I M Management Group Inc., thus creating one of
the largest independent investment management businesses in the
world. Subject to obtaining shareholder approval at its regular
Annual Shareholder Meeting, the board of directors of AMVESCO PLC
has concluded that the corporate name should be changed to AMVESCAP
PLC effective May 8, 1997. INVESCO and INVESCO Asset Management
Limited will continue to operate under their existing names. AMVESCO
has approximately $165 billion in assets under management. INVESCO
was established in 1932 and, as of July 31, 1996, managed 14 mutual
funds, consisting of 39 separate portfolios, with combined assets of
approximately $12.2 billion on behalf of over 821,000 shareholders.
E. The Section of the INVESCO Asian Growth Fund Prospectus entitled "The Fund
And Its Management" is amended to (1) delete the fourth paragraph, and (2)
substitute the following paragraph in its place:
INVESCO is an indirect wholly owned subsidiary of AMVESCO PLC.
AMVESCO PLC is a publicly-traded holding company that, through its
subsidiaries, engages in the business of investment management on an
international basis. INVESCO PLC changed its name to AMVESCO PLC on
<PAGE>
March 3, 1997, as part of a merger between a direct subsidiary of
INVESCO PLC and A I M Management Group Inc., thus creating one of
the largest independent investment management businesses in the
world. Subject to obtaining shareholder approval at its regular
Annual Shareholder Meeting, the board of directors of AMVESCO PLC
has concluded that the corporate name should be changed to AMVESCAP
PLC effective May 8, 1997. INVESCO and INVESCO Asia Limited will
continue to operate under their existing names. AMVESCO has
approximately $165 billion in assets under management. INVESCO was
established in 1932 and, as of July 31, 1996, managed 14 mutual
funds, consisting of 39 separate portfolios, with combined assets of
approximately $12.2 billion on behalf of over 821,000 shareholders.
F. The Section of the INVESCO Realty Fund Prospectus entitled "The Fund And
Its Management" is amended to (1) delete the last paragraph, and (2)
substitute the following paragraph in its place:
IFG is an indirect wholly owned subsidiary of AMVESCO PLC.
AMVESCO PLC is a publicly-traded holding company that, through its
subsidiaries, engages in the business of investment management on an
international basis. INVESCO PLC changed its name to AMVESCO PLC on
March 3, 1997, as part of a merger between a direct subsidiary of
INVESCO PLC and A I M Management Group Inc., thus creating one of
the largest independent investment management businesses in the
world. Subject to obtaining shareholder approval at its regular
Annual Shareholder Meeting, the board of directors of AMVESCO PLC
has concluded that the corporate name should be changed to AMVESCAP
PLC effective May 8, 1997. IFG and IRAI will continue to operate
under their existing names. AMVESCO has approximately $165 billion
in assets under management. IFG was established in 1932 and, as of
August 31, 1996, managed 14 mutual funds, consisting of 39 separate
portfolios, with combined assets of approximately $12.8 billion on
behalf of over 827,000 shareholders. IRAI (founded in 1983 and
acquired by INVESCO in 1990) is a registered investment adviser that
currently manages $2.7 billion of assets (both securities and direct
investments in real estate) for its clients. IRAI's clients include
corporate plans and public pension funds, as well as endowment and
foundation accounts. It presently serves as sub-adviser to one other
INVESCO mutual fund portfolio. As of December 31, 1995, the
portfolio of direct investments in real estate managed by IRAI for
its clients contained 105 properties totalling more than 306.6
million square feet of commercial real estate and 13,651 apartment
units.
The date of this Supplement is March 31, 1997.
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INVESCO SPECIALTY FUNDS, INC.
Supplement to Statement of Additional Information
dated January 1, 1997
The Section of the INVESCO Specialty Funds, Inc. Statement of Additional
Information entitled "The Fund And Their Management" is amended to (1) delete
the eighth and ninth paragraphs and (2) substitute the following new paragraphs
in their place:
INVESCO is an indirect wholly owned subsidiary of AMVESCO PLC, a
publicly-traded holding company that, through its subsidiaries engages in
the business of investment management on an international basis. INVESCO
PLC changed its name to AMVESCO PLC on March 3, 1997 as part of a merger
between a direct subsidiary of INVESCO PLC and A I M Management Group
Inc., thus creating one of the largest independent investment management
businesses in the world with approximately $165 billion in assets under
management. Subject to obtaining shareholder approval at its regular
Annual Shareholder Meeting, the board of directors of AMVESCO PLC has
concluded that the corporate name should be changed to AMVESCAP PLC
effective May 8, 1997. INVESCO was established in 1932 and as of July 31,
1996, managed 14 mutual funds, consisting of 39 separate portfolios, on
behalf of over 821,000 shareholders. AMVESCO PLC's other North American
subsidiaries include the following:
--INVESCO Capital Management, Inc. of Atlanta, Georgia,
manages institutional investment portfolios, consisting
primarily of discretionary employee benefit plans for
corporations and state and local governments, and endowment
funds. INVESCO Capital Management, Inc. is the sole
shareholder of INVESCO Services, Inc., a registered broker-
dealer whose primary business is the distribution of shares of
two registered investment companies.
--INVESCO Management & Research, Inc. of Boston,
Massachusetts, primarily manages pension and endowment
accounts.
--PRIMCO Capital Management, Inc. of Louisville,
Kentucky, specializes in managing stable return investments,
principally on behalf of Section 401(k) retirement plans.
--INVESCO Realty Advisors of Dallas, Texas, is
responsible for providing advisory services in the U.S. real
estate markets for AMVESCO PLC's clients worldwide. Clients
include corporate pension plans and public pension funds as
well as endowment and foundation accounts.
<PAGE>
--A I M Advisors, Inc. of Houston, Texas provides
investment advisory and administrative services for retail and
institutional mutual funds.
--A I M Capital Management, Inc. of Houston, Texas provides
investment advisory services to individuals, corporations, pension plans
and other private investment advisory accounts and also serves as a
sub-advisor to certain retail and institutional mutual funds, one Canadian
mutual fund and one portfolio of an open-end registered investment company
that is offered to separate accounts of variable insurance companies.
--A I M Distributors, Inc. and Fund Management Company
of Houston, Texas are registered broker-dealers that act as
the principal underwriters for retail and institutional mutual
funds.
The corporate headquarters of AMVESCO PLC are located at 11
Devonshire Square, London, EC2M 4YR, England.
This supplement is dated March 31, 1997.
