We introduce and explore the concept of approximate shape invariance of par
ametrized potential functions for non-relativistic one-dimensional quantum
systems. The supersymmetric partner V-2 of an approximate shape-invariant p
otential V-1 does not exhibit the same shape as the original potential. How
ever, by an appropriate choice of the values of the relevant parameters, V-
2 can still be approximated by V-1. We also propose a measure for the degre
e of shape invariance exhibited by a parametrized potential function. In or
der to illustrate these ideas we consider (a) the Lillo-Mantegna potentials
admitting exact analytic power-law ground-state wavefunctions, and (b) a f
amily of potentials whose ground-state eigenfunctions are given by the tria
l wavefunctions employed by Cooper, Dawson and Shepard in the SUSY-based va
riational method.