INVESCO FUNDS GROUP PROMOTES TWO FUND MANAGERS

In his new role, Mr. Schroer will oversee the company¼s equity analysts, ensure the process for fundamental research that is integral to the company¼s growth process and coordinate research between INVESCO Funds¼ sister companies (which will provide insight for the new Global Growth Fund). He will remain co-manager for the company¼s $5 billion health care funds.

With more than 12 years of experience in the industry, Mr. Wald has an extensive background analyzing health care companies. As co-manager of the INVESCO Dynamics Fund, Mr. Wald has been responsible for the selection of all health care stocks within the fund. He is positive on the sector and considers it a good place for a portion of investors¼ long-term portfolios. Mr. Wald will remain as co-manager of the INVESCO Dynamics Fund.

Denver-based INVESCO Funds Group, with over $56 billion in assets under management (as of 9/30/00), is one of the premier mutual fund management companies in the United States, providing a wide and innovative range of investment products and services to individuals and institutions. It is a subsidiary of AMVESCAP PLC, a worldwide investment management company with over $414 billion in assets under management (as of 9/30/00).

AMVESCAP is one of the world¼s largest individual investment managers, operating under the AIM and INVESCO brand names. AMVESCAP is a holding company offering a broad array of investment products and services to institutions and individuals across all distribution channels. The Company is listed on the London, New York, Paris, Toronto and Frankfurt Stock Exchanges with the symbol "AVZ."

Editors Note: INVESCO is required to include the following information with their news release: For more information on the INVESCO Funds, please call 1-800-255-6927 for a prospectus containing more complete information including management fees, risks, and expenses. Please read it carefully before you invest or send money. INVESCO Distributors Inc. Distributor.