SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                      Pursuant to Rule 13a-16 or 15d-16 Under
                       the Securities Exchange Act of 1934

                         For the month of October, 2006
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                        Commission File Number 001-13908
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                                  AMVESCAP PLC
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                 (Translation of registrant's name into English)

                 30 Finsbury Square, London EC2A 1AG, ENGLAND
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                    (Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.

                        Form 20-F  X             Form 40-F
                                 -----                    -----

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
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Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                        Yes        No   X
                           -------   -------

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-     N/A
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Description of document filed:  AMVESCAP completes acquisition of
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                                WL Ross & Co. LLC
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                                  Press Release







For Immediate Release
Contact:       Bill Hensel, Director of Media Relations, AMVESCAP
Phone:         404-479-2886



               AMVESCAP Completes Acquisition of WL Ross & Co. LLC


Atlanta -- October 3, 2006 -- AMVESCAP PLC today announced it has completed its
previously announced acquisition of WL Ross & Co. LLC, one of the industry's
leading financial restructuring groups. WL Ross & placeCo., led by Wilbur Ross
and his team, will assume responsibility for the direct private equity business
of AMVESCAP, with $4.4 billion in combined assets (as of June 30, 2006) for
institutions and high net worth individuals.

"We are pleased to welcome Wilbur Ross and his team of experienced investment
managers to AMVESCAP," said Marty Flanagan, president and chief executive
officer of AMVESCAP. "Wilbur's expertise and storied success in the financial
restructuring business is legendary. The addition of this exceptional team to
AMVESCAP expands the range of high quality alternative investment offerings for
our clients."

"Joining AMVESCAP, one of the world's premier asset managers, greatly expands
our resources and allows us to introduce our capabilities to a broader set of
investors globally," said Mr. Ross.

WL Ross & Co. manages assets for institutional investors in the
country-regionU.S., Europe and placeAsia. It was formed in April 2000 by Wilbur
Ross as an independent organization dedicated to private investments and fund
management for institutional investors and family offices across the globe. The
company has sponsored alternative investments including private equity funds,
co-investment vehicles and hedge funds in the steel, textile, coal, automotive
and financial services industries in the country-regionU.S., country-regionU.K.,
country-regionFrance, country-regionGermany, country-regionChina,
country-regionJapan, country-regionKorea, country-regionVietnam,
country-regionIndia, country-regionBrazil, and placeBermuda.

AMVESCAP is a leading independent global investment manager, dedicated to
helping people worldwide build their financial security. Operating under the
AIM, AIM Trimark, INVESCO, Invesco Perpetual and Atlantic Trust brands, AMVESCAP
strives to deliver outstanding products and services through a comprehensive
array of enduring investment solutions for our retail, institutional and private
wealth management clients around the world. The company is listed on the
CityLondon, StateNew York and CityplaceToronto stock exchanges under the symbol
"AVZ." Additional information is available at www.amvescap.com.

                                                                  ###
This release may include statements that constitute "forward-looking statements"
under the country-regionplaceUnited States securities laws. Forward-looking
statements include information concerning possible or assumed future results of
our operations, earnings, liquidity, cash flow and capital expenditures,
industry or market conditions, assets under management, acquisition activities
and the effect of completed acquisitions, debt levels and the ability to obtain
additional financing or make payments on our debt, regulatory developments,
demand for and pricing of our products and other aspects of our business or
general economic conditions. In addition, when used in this report, words such
as "believes," "expects," "anticipates," "intends," "plans," "estimates,"
"projects" and future or conditional verbs such as "will," "may," "could,"
"should" and "would," or any other statement that necessarily depends on future
events, are intended to identify forward-looking statements.

Forward-looking statements are not guarantees of performance. They involve
risks, uncertainties and assumptions. Although we make such statements based on
assumptions that we believe to be reasonable, there can be no assurance that
actual results will not differ materially from our expectations. We caution
investors not to rely unduly on any forward-looking statements. In connection
with any forward-looking statements, you should carefully consider the areas of
risk described in our most recent annual report on Form 20-F, as filed with the
United States Securities and Exchange Commission (SEC). You may obtain these
reports from the SEC Web site at www.sec.gov.





                                   SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                                AMVESCAP PLC
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                                                (Registrant)



Date  4 October, 2006                   By   /s/  Michael S. Perman
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                                                (Signature)

                                            Michael S. Perman
                                            Company Secretary