INVESCO COMBINATION STOCK & BOND FUNDS, INC.

         INVESCO Core Equity Fund - Investor Class, Class A, B, C, and K
          INVESCO Balanced Fund - Investor Class, Institutional Class,
                              Class A, B, C, and K
        INVESCO Total Return Fund - Investor Class, Institutional Class,
                              Class A, B, C, and K

   Supplement dated August 14, 2003 to the Statement of Additional Information
              dated August 12, 2003 as Supplemented August 12, 2003


The Board of Directors of INVESCO  Combination  Stock & Bonds Funds,  Inc.  (the
"Company")  approved,  on August  12-13,  2003,  a name change for the  Company.
Effective  as of  October  1,  2003,  the  name  of the  Company  will  be  "AIM
Combination Stock & Bond Funds, Inc."

The Board of Directors of the Company also approved,  on August 12-13,  2003, an
Agreement  and Plan of  Reorganization  (the  "Plan"),  which  provides  for the
redomestication  of the Company as a Delaware statutory trust (the "Trust") and,
in  connection  therewith,  the  sale  of all of the  Company's  assets  and the
dissolution of the Company as a Maryland corporation.

The Plan provides for a series of transactions to convert each series  portfolio
of the Company (each, a "Current Fund") to a corresponding series (a "New Fund")
of the Trust.  Under the Plan, each Current Fund will transfer all its assets to
a  corresponding  New Fund in exchange  solely for voting  shares of  beneficial
interest in the New Fund and the New Fund's assumption of all the Current Fund's
liabilities  (collectively,  the "Redomestication").  The operations of each New
Fund following the Redomestication will be substantially similar to those of its
predecessor  Current  Fund.  The Trust,  like the  Company,  will  operate as an
open-end management investment company.

The proposed  Redomestication  relates to an integration initiative announced on
March 27, 2003, by AMVESCAP PLC ("AMVESCAP"), the parent company of both AIM and
INVESCO, with respect to its North American mutual fund operations. AMVESCAP has
recommended simplifying the organizational structure of the funds within The AIM
Family of  Funds(R)  (the "AIM  Funds")  and the  INVESCO  Family of Funds  (the
"INVESCO  Funds") so that they are all organized as Delaware  statutory  trusts,
using as few entities as  practicable.  This change  should  provide these Funds
with greater flexibility in conducting their business operations.

The Board of Directors of the Company  previously  approved,  on June 9, 2003, a
transaction in which INVESCO  Balanced Fund would transfer all of its assets and
liabilities  to INVESCO  Total Return Fund,  another  series of the Company (the
"Reorganization").   The  Redomestication  of  INVESCO  Balanced  Fund  will  be
consummated only if the Reorganization is not approved by shareholders.

The proposed Redomestication requires the approval of the Company's shareholders
and will be submitted to shareholders for their consideration at a meeting to be
held on or around  October 21,  2003.  If approved by  shareholders  and certain
closing   conditions   required  by  the  Plan  are   satisfied,   the  proposed
Redomestication   is  expected  to  be  consummated   shortly   thereafter.   If



shareholders  of the Company do not approve the  proposed  Redomestication,  the
Company will continue to operate as a Maryland corporation.

Effective October 1, 2003, A I M Fund Services,  Inc., 11 Greenway Plaza,  Suite
100,  Houston,  Texas 77046,  will replace INVESCO Funds Group, Inc. as transfer
agent.

The information  relating to Bob R. Baker's  ownership in the Funds in the table
relating to the dollar  range of equity  securities  beneficially  owned by each
director in the section  entitled  "Directors  and  Officers of the  Company" is
replaced with the following:



- -------------------------------------------------------------------------------------------------
Director                 Dollar Range of Equity Securities Owned in Each     Aggregate Dollar
                         Fund(1)                                             Range of Equity
                                                                             Securities in All
                                                                             Registered
                                                                             Investment
                                                                             Companies Overseen
                                                                             by the director in
                                                                             the INVESCO Funds(1)

- -------------------------------------------------------------------------------------------------
INDEPENDENT
DIRECTORS
- -------------------------------------------------------------------------------------------------
                                                                            
Bob R. Baker             INVESCO Core Equity Fund    $1-10,000                    Over $100,000
                         INVESCO Balanced Fund       $1-10,000
                         INVESCO Total Return Fund   $1-10,000
- -------------------------------------------------------------------------------------------------


(1) All valuations of Fund shares are as of December 31, 2002.

The following  replaces the information  relating to James T. Bunch in the table
relating  to the  directors  and  officers  of the Funds in the column  entitled
"Principal Occupation(s) During Past 5 Years":

      Co-President and Founder of Green, Manning & Bunch Ltd., Denver,  Colorado
      (1988-present)  (investment banking firm); Director,  Policy Studies, Inc.
      and Van  Gilder  Insurance  Corporation;  formerly,  General  Counsel  and
      Director of Boettcher & Co., Denver, Colorado; and formerly,  Chairman and
      Managing Partner, law firm of Davis, Graham & Stubbs, Denver, Colorado.

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