LOVELL PROMOTED TO LEAD MANAGER FOR INVESCO BALANCED FUND
Denver, CO - September 29, 2000 - INVESCO Funds Group announced today that
Peter Lovell has been named lead portfolio manager for the INVESCO Balanced
Fund. Previous lead managers Charles Mayer, Director of Income Equity
Investments, and Jerry Paul, Director of Fixed Income Investments, will
continue to assist Mr. Lovell in co-management roles. Co-manager of the $900
million fund since 1998, Lovell will maintain the fund's investment
objective of high total return through capital growth and current income.
....
"We have experienced tremendous growth over the past year and want to
provide the foundation for continued success for our shareholders," said Tim
Miller, Chief Investment Officer of INVESCO Funds. Currently, Charles Mayer
is lead manager of the INVESCO Equity Income Fund; Jerry Paul is lead
manager of the INVESCO Select Income and INVESCO High Yield Bond funds.
Denver-based INVESCO Funds Group, with over $51 billion in assets under
management (as of 6/30/00), 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 $389 billion in assets under management (as of 6/30/00). AMVESCAP is
one of the world's 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 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.
