<DOCUMENT>
<TYPE>EX-99.77E
<SEQUENCE>3
<FILENAME>d707554dex9977e.txt
<DESCRIPTION>EX-99.77E
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<PAGE>

                                                                   Sub-Item 77E

                               LEGAL PROCEEDINGS

                      INVESCO MUNICIPAL OPPORTUNITY TRUST

       On January 17, 2011, a Consolidated Amended Shareholder Derivative
Complaint ("Complaint") was filed by common shareholders on behalf of the
trusts now known as Invesco Value Municipal Income Trust and Invesco Municipal
Opportunity Trust (the "Trusts") against Morgan Stanley Investment Advisers,
Inc. and its parent as well as certain individuals (collectively, the
"Defendants") in CURBOW FAMILY LLC V. MORGAN STANLEY INVESTMENT ADVISORS, INC.
The Plaintiffs alleged that, prior to the tenure of the current adviser,
Defendants breached their fiduciary duties primarily by causing the Trusts to
redeem Auction Rate Preferred Securities ("ARPS") at their liquidation value,
which was allegedly higher than market value at the time, and by not having
adequate procedures to deal with potential conflicts of interest. The
Plaintiffs alleged that the redemption of the ARPS wasted Trust assets,
occurred at the expense of the Trusts and the common shareholders, and was
improperly motivated to benefit preferred shareholders and Defendants.
Additionally, the Plaintiffs claimed that the ARPS were replaced with less
favorable financing. Plaintiffs seek a judgment that: 1) prohibits the Trusts
from redeeming any ARPS at their liquidation value using the Trusts' assets; 2)
awards monetary damages against all Defendants, individually, jointly or
severally, in favor of the Trusts, for all losses and damages allegedly
suffered as a result of the redemptions of ARPS at their liquidation value; 3)
grants appropriate equitable relief to remedy the Defendants' breaches of
fiduciary duties; and 4) awards to Plaintiffs the costs and disbursements of
the action. On June 24, 2010, the Board of Trustees formed a Special Litigation
Committee ("SLC") to investigate the claims made in the April 2010 demand
letters underlying the Complaint, with the assistance of independent counsel.
After reviewing the findings of the SLC, the Independent Trustees of the Board
announced on July 12, 2011, that it had voted to adopt the SLC's recommendation
to reject the demands and seek dismissal of the lawsuit. The Trusts filed a
motion to dismiss on October 4, 2011, which remains pending.

       Also, on January 17, 2011, a Consolidated Amended Shareholder Derivative
Complaint ("Complaint") was filed by common shareholders on behalf of the
trusts now known as Invesco Advantage Municipal Income Trust II; Invesco
Municipal Opportunity Trust; Invesco Municipal Trust; Invesco High Income Trust
II; Invesco Senior Income Trust (the "Trusts") against Van Kampen Asset
Management, Morgan Stanley, and certain individuals (collectively, the
"Defendants") in ROTZ V. VAN KAMPEN ASSET MANAGEMENT. The Plaintiffs alleged
that, prior to the tenure of the current adviser, Defendants breached their
fiduciary duties to common shareholders by causing the Trusts to redeem Auction
Rate Preferred Securities ("ARPS") at their liquidation value, which was
allegedly higher than market value at the time, and by not having adequate
procedures to deal with potential conflicts of interest. The Plaintiffs alleged
that the redemptions of the ARPS wasted Trust assets, occurred at the expense
of the Trusts and the common shareholders, and were improperly motivated to
benefit preferred shareholders and Defendants. Additionally, the Plaintiffs
claimed that the ARPS were replaced with less favorable financing. Plaintiffs
seek judgment that: 1) orders Defendants to refrain from redeeming any ARPS at
their liquidation value using Trusts assets; 2) awards monetary damages against
all Defendants, individually, jointly or severally, in favor of the Trusts, for
all losses and damages allegedly suffered as a result of the redemptions of
ARPS at their liquidation value; 3) grants appropriate equitable relief to
remedy the Defendants' alleged breaches of fiduciary duties; and 4) awards to
Plaintiffs the costs and disbursements of the action. On August 10, 2010, the
Board of Trustees formed a Special Litigation Committee ("SLC") to investigate
the claims made in the April 2010 demand letters underlying the Complaint with
the assistance of independent counsel. After reviewing the findings of the SLC
and a vote by Independent

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                                                                   Sub-Item 77E

Trustees, the Board announced on June 24, 2011, that the Independent Trustees
had adopted the SLC recommendation to reject the demands and seek dismissal of
the lawsuit. The Trusts filed a motion to dismiss on October 4, 2011, which
remains pending.

       Management of Invesco and the Trust believe that the outcome of the
proceedings described above will not have a material adverse effect on the
Trust or on the ability of Invesco to provide ongoing services to the Trust.
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