INVESCO Announces 'Smart Choice' Defined Contribution Plan.

INVESCO Funds Group announced today that it has teamed with DailyAccess.com, an electronic retirement service platform, to launch a private-label retirement product for the small plan marketplace. Targeting plans between $1 million and $50 million, the INVESCO Smart Choice Plan is a multi-fund retirement product that provides the capability for smaller firms to offer retirement plans to their clients. DailyAccess streamlines the process of daily administration by providing the latest automated plan management tools via the Internet. Through the INVESCO Smart Choice Plan, DailyAccess manages recordkeeping, administration and compliance, trading, custody, information access systems, mutual fund company relationships, sales support and customer service.

"The Smart Choice Plan allows us to provide retirement plan capabilities to almost every company. Our alliance with DailyAccess lets us offer a comprehensive retirement plan with state-of-the-art features, 24-hour online access and the customer support that INVESCO clients have come to trust," said Stuart Holland, Vice President and Manager of Institutional Sales for INVESCO Funds Group.

Tommy Thomasson, Executive Vice President at DailyAccess, agrees, "this is an advanced product built on proven technology. The INVESCO Smart Choice Plan is a direct result of marketplace and product development experience of both firms. We are looking forward to a long and beneficial relationship."

Founded in 1995, DailyAccess.Com, Inc. (DAC) is the engine that powers Internet-based retirement plans. DAC is the choice of global financial services firms to deliver their customized products. DAC's standard of excellence is a result of combining the people, technology and expertise needed to provide innovative companies with cutting-edge retirement solutions. DAC gives clients the online tools to control investments and access the information needed to succeed.

Denver-based INVESCO Funds Group, a subsidiary of AMVESCAP PLC, has $26 billion in assets under management (as of 6/30/2002), and is one of the premier mutual fund management companies in the United States. INVESCO provides a wide and innovative range of investment products and services to individuals and institutions. AMVESCAP, with $364 billion in assets under management (as of 6/30/2002), is one of the world's largest independent investment managers, operating under the AIM, INVESCO and Atlantic Trust brand names. The Company is listed with the symbol "AVZ" on the London, New York, Paris and Toronto Stock Exchanges.

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

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CONTACT: Laura M. Parsons of INVESCO Funds Group, +1-720-624-6242, corporateaffairs@invescofunds.com

Web site: http://www.invescofunds.com/