<DOCUMENT>
<TYPE>EX-99.77E
<SEQUENCE>3
<FILENAME>d788787dex9977e.txt
<DESCRIPTION>EX-99.77E
<TEXT>
<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 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 sought judgment that:
1) ordered Defendants to refrain from redeeming any ARPS at their liquidation
value using Trusts assets; 2) awarded 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) granted appropriate equitable relief to remedy the
Defendants' alleged breaches of fiduciary duties; and 4) awarded 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 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 the
case with prejudice on October 4, 2011, which was granted on October 22, 2014.

   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

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                                                                   Sub-Item 77E

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.

   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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