INVESCO SPECIALTY FUNDS INC
497, 1999-05-25
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                          INVESCO SPECIALTY FUNDS, INC.
                      INVESCO Worldwide Capital Goods Fund
                      INVESCO Worldwide Communications Fund

                      Supplement to Prospectus dated December 1, 1998

The  section of the  Prospectus  entitled  "The Funds And Their  Management"  is
amended  to  (1)  delete  third  sentence  of the  eleventh  paragraph  and  (2)
substitute the following in its place:

      For such  services,  each Fund pays INVESCO a fee consisting of a base fee
      of $10,000 per year,  plus an additional  incremental  fee computed at the
      annual  rate of 0.015%  per year of the  average  net  assets of each Fund
      prior to May 13,  1999 and  0.045% per year of the  average  net assets of
      each Fund effective May 13, 1999.

The date of this supplement is May 25, 1999.






<PAGE>


                          INVESCO SPECIALTY FUNDS, INC.

                     Supplement to Statement of Additional Information
                             Dated December 1, 1998

The section of the Company's Statement of Additional Information ("SAI) entitled
"The Funds And Their Management - Administrative  Services Agreement" is amended
to (1) delete third paragraph and (2) substitute the following in its place:

      As full  compensation  for  services  provided  under  the  Administrative
      Services Agreement,  each Fund pays a monthly fee to INVESCO consisting of
      a base  fee of  $10,000  per  year,  plus an  additional  incremental  fee
      computed  at the annual  rate of 0.015% per year of the average net assets
      of each Fund prior to May 13,  1999 and 0.045% per year of the average net
      assets of the Fund effective May 13, 1999.

The date of this supplement is May 25, 1999.






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