INVESCO FUNDS ADDED TO AMERICAN EXPRESS PRODUCT LINE
Denver, CO - August 15, 2001 - INVESCO Funds Group announced today that four
of its variable annuity funds have been added to the product line of American
Express*. The variable investment funds added included one of the company's
diversified growth funds: INVESCO Dynamics; as well as three of the company's
sector funds: INVESCO Financial Services, INVESCO Telecommunications and
INVESCO Technology. A sector fund invests at least 65 percent of its assets
in companies principally engaged in one segment of business activity**.
"It is gratifying that American Express recognizes both our diversified
growth and sector expertise. These portfolios offer an attractive way to
target some exciting investment opportunities," said Tom Kolbe, Vice
President and Manager of Institutional Sales for INVESCO Funds Group.
Recognizing the rapid growth in variable annuities, INVESCO's institutional
sales team has been aggressively pursuing new opportunities in the
sub-advisory and insurance trust arena with recognized leaders. "For over a
year, we have worked very hard to increase our presence in the annuity
market. Our partnership with American Express is directly in line with our
goal of positioning our funds with dynamic financial companies," said Kolbe.
American Express Financial Advisors is one of the nation's leading financial
planning companies. It is part of the American Express Financial Corporation,
which currently owns or manages more than $261 billion in assets. Through a
network of more than 11,600 financial advisors and its online services, the
company provides comprehensive, long-term financial planning and high quality
financial products to more than 2.3 million clients throughout the United
States.
Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has over $41
billion in assets under management (as of 6/30/01), and is one of the premier
mutual fund management companies in the United States. It provides a wide and
innovative range of investment products and services to individuals and
institutions. AMVESCAP has over $408 billion in assets under management as of
6/30/01 and is one of the world's largest individual investment managers,
operating under the AIM and INVESCO brand names. 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 INVESCO Funds, please call
1-800-255-6927 for a prospectus containing more complete information
including management fees, general and fund specific investment risks, and
expenses. Please read it carefully before you invest or send money. INVESCO
Distributors Inc., Distributor.
*The American Express annuities are issued by IDS Life of New York.
**Sector funds may be more volatile than diversified equity funds and are
most suitable for the aggressive portion of your portfolio.
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