INVESCO SPECIALTY FUNDS INC
497, 1999-07-30
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                          INVESCO SPECIALTY FUNDS, INC.
                      INVESCO Worldwide Communications Fund

                 Supplement to Prospectus dated December 1, 1998


Effective July 30, 1999, the name of INVESCO Worldwide  Communications Fund will
change to INVESCO  Telecommunications Fund. All references in this Prospectus to
INVESCO  Worldwide  Communications  Fund are hereby deleted and substituted with
INVESCO Telecommunications Fund.

The date of this Supplement is July 30, 1999.

<PAGE>



                          INVESCO SPECIALTY FUNDS, INC.
                      INVESCO Worldwide Communications Fund

                Supplement to Statement of Additional Information
                             Dated December 1, 1998


Effective July 30, 1999, the name of INVESCO Worldwide  Communications Fund will
change to INVESCO  Telecommunications  Fund. All references in this Statement of
Additional  Information  to  INVESCO  Worldwide  Communications  Fund are hereby
deleted and substituted with INVESCO Telecommunications Fund.


The date of this Supplement is July 30, 1999.






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