U. S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

1.    Name and Address of issuer:
               INVESCO Bond Funds, Inc.
               7800 East Union Avenue
               Denver, Colorado 80237

2. The name of each series or class of  securities  for which this Form is filed
   (if the form is being filed for all series and classes of securities of the
   issuer, check the box but do not list series or classes):

               INVESCO Short-Term Bond Fund

3.    Investment Company Act File Number: 811-2674

      Securities Act File Number:   002-57151

4(a)  Last day of fiscal year for which this Form is filed: June 4, 1999

4(b)  ____  Check box if this Form is being filed late  (i.e.,  more than 90
            calendar days after the end of the issuer=s fiscal year).  (See
            Instruction A.2)

4(c)  _____ Check box if this is the last time the issuer will be filing this
            Form.

5.    Calculation of registration fee:

      (i)   Aggregate sales price of securities
            sold during the fiscal year
            pursuant to section 24(f)                        $82,704,479
                                                             -----------

      (ii)  Aggregate price of securities
            redeemed or repurchased during
            the fiscal year:                                 $107,045,413*
                                                             -------------

      (iii) Aggregate price of securities
            redeemed or repurchased during
            any prior fiscal year ending no
            earlier than October 1, 1995 that
            were not previously used to reduce
            registration fees payable to the
            Commission                                       $0
                                                             --

      (iv)  Total available redemption credits
            [add items 5(ii)and 5(iii)]                      $107,045,413*
                                                             -------------

      (v)   Net sales - if item 5(i) is greater
            than item 5(iv)[subtract item 5(iv) from
            item 5(i)]                                       $0
                                                             --

      (vi)  Redemption credits available for use in
            future years - if item 5(i) is less than item
            5(iv)[subtract  item  5(iv)  from  item  5(i)]   $7,043,388**
                                                             ------------
<PAGE>


      (vii) Multiplier for determining
            registration fee (See Instruction C.9)           x0.000278
                                                             ---------

      (viii)Registration fee due [multiply item 5(v)
            by item 5(vii)](enter "0" if no fee is due):     = $0
                                                             ----

6.    Prepaid Shares

      If the  response to item 5(i) was  determined  by  deducting  an amount of
      securities that were registered  under the Securities Act of 1933 pursuant
      to rule 24e-2 as in effect before October 11, 1997, then report the amount
      of securities (number of shares or other units)deducted here:
      _______________.  If there is a number of shares or other units that
      were registered pursuant to rule 24e-2 remaining unsold at the end of the
      fiscal year for which this form is filed that are available for use by the
      issuer in future fiscal years, then state that number here:
      _______________.

7.    Interest due - if this Form is being filed more than
      90 days after the end of the Issuer's fiscal year
      (see instruction D)                                 :       +$0
                                                                  ---

8.    Total of the amount of the registration fee due plus any
      interest due [line 5(viii) plus line 7]:                    =$0
                                                                  ---

9.    Date of the  registration  fee and any  interest  payment  was sent to the
      Commission's lockbox depository:

            Method of Delivery:
                                   ___   Wire Transfer
                                   ___   Mail or other means

* Includes  redemptions  of  $17,297,546  issued in the  exchange-out  merger of
INVESCO Short-Term Bond Fund into INVESCO Select Income Fund.

** Net redemptions of $24,340,934 less $17,297,546 redeemed in merger.



<PAGE>



                                  SIGNATURES

This  report  has been  signed  below by the  following  person on behalf of the
issuer and in the capacity and on the date indicated.

               INVESCO Bond Funds, Inc.
                  INVESCO Short-Term Bond Fund


                 By: /s/ Mark H. Williamson
                     ----------------------
                         Mark H. Williamson
                         President



Date: September 2, 1999