<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>7
<FILENAME>h8636577q1e3.txt
<DESCRIPTION>EXHIBIT
<TEXT>
<PAGE>
                                                                Sub-Item 77Q1(e)

                                AMENDMENT NO. 1
                                       TO
                         INVESTMENT ADVISORY AGREEMENT

     THIS Amendment dated January 23, 2012, amends the Investment Advisory
Agreement (the "Agreement") dated June 1, 2010, by and between the registered
investment companies as set forth on Appendix I (each, a "Fund" and
collectively, the "Funds"), as the same may be amended from time to time, and
Invesco Advisers, Inc., a Delaware corporation (the "Adviser").

RECITALS

     WHEREAS, the parties agree to amend the Agreement to (i) change the name of
Invesco California Insured Municipal Income Trust, Invesco Insured California
Municipal Securities, Invesco Insured Municipal Bond Trust, Invesco Insured
Municipal Income Trust, Invesco Insured Municipal Securities and Invesco Insured
Municipal Trust to Invesco California Municipal Income Trust, Invesco California
Municipal Securities, Invesco Value Municipal Bond Trust, Invesco Value
Municipal Income Trust, Invesco Value Municipal Securities and Invesco Value
Municipal Trust, respectively, and to (ii) remove Invesco Prime Income Trust;

     NOW THEREFORE, the parties agree as follows:

     1.  Appendix I and II are deleted in their entirety and replaced with the
         following:

                                  "APPENDIX I
                           FUNDS AND EFFECTIVE DATES

               All of the Funds referenced below are organized as
                         Massachusetts business trusts.

<TABLE>
<CAPTION>
NAME OF FUND                                        EFFECTIVE DATE OF ADVISORY AGREEMENT
------------                                        ------------------------------------
<S>                                                 <C>
Invesco California Municipal Income Trust                       June 1, 2010
Invesco California Quality Municipal Securities                 June 1, 2010
Invesco California Municipal Securities                         June 1, 2010
Invesco Value Municipal Bond Trust                              June 1, 2010
Invesco Value Municipal Income Trust                            June 1, 2010
Invesco Value Municipal Securities                              June 1, 2010
Invesco Value Municipal Trust                                   June 1, 2010
Invesco Municipal Income Opportunities Trust                    June 1, 2010
Invesco Municipal Income Opportunities Trust II                 June 1, 2010
Invesco Municipal Income Opportunities Trust III                June 1, 2010
Invesco Municipal Premium Income Trust                          June 1, 2010
Invesco New York Quality Municipal Securities                   June 1, 2010
Invesco Quality Municipal Income Trust                          June 1, 2010
Invesco Quality Municipal Investment Trust                      June 1, 2010
Invesco Quality Municipal Securities                            June 1, 2010
</TABLE>
<PAGE>

                                  APPENDIX II
                          COMPENSATION TO THE ADVISER

Each Fund shall pay the Adviser, out of the assets of the Fund, as full
compensation for all services rendered, an advisory fee for such Fund set forth
below.

<TABLE>
<CAPTION>
FUND                                                                    ANNUAL RATE
----                                                                    -----------
<S>                                                 <C>
Invesco California Municipal Income Trust           0.27% as a percentage of average weekly net assets*
Invesco California Quality Municipal Securities     0.27% as a percentage of average weekly net assets*
Invesco California Municipal Securities             0.27% as a percentage of average weekly net assets
Invesco Value Municipal Bond Trust                  0.27% as a percentage of average weekly net assets*
Invesco Value Municipal Income Trust                0.27% as a percentage of average weekly net assets*
Invesco Value Municipal Securities                  0.27% as a percentage of average weekly net assets
Invesco Value Municipal Trust                       0.27% as a percentage of average weekly net assets*
Invesco Municipal Income Opportunities Trust        0.50% as a percentage of average weekly net assets
Invesco Municipal Income Opportunities Trust II     0.50% as a percentage of average weekly net assets
Invesco Municipal Income Opportunities Trust III    0.50% as a percentage of average weekly net assets
Invesco Municipal Premium Income Trust              0.40% as a percentage of average weekly net assets*
Invesco New York Quality Municipal Securities       0.27% as a percentage of average weekly net assets*
Invesco Quality Municipal Income Trust              0.27% as a percentage of average weekly net assets*
Invesco Quality Municipal Investment Trust          0.27% as a percentage of average weekly net assets*
Invesco Quality Municipal Securities                0.27% as a percentage of average weekly net assets*"
</TABLE>

------------------
*    For the purpose of calculating the advisory fee, the liquidation
     preference of any Preferred Shares issued by the Fund will not be deducted
     from the Fund's total assets. In addition, an amount up to the aggregate
     amount of any other borrowings may be included in the Fund's advisory fee
     calculation.

                                       2
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed in duplicate by their respective officers on the day and year first
written above.

                                     ON BEHALF OF EACH FUND LISTED IN APPENDIX I

Attest:

   /s/ Peter Davidson                By: /s/ John M. Zerr
-----------------------------------      -----------------------------------
        Assistant Secretary          Name: John M. Zerr
                                     Title: Senior Vice President
(SEAL)

Attest:                                         INVESCO ADVISERS, INC.

        /s/ Peter Davidson           By: /s/ Todd L. Spillane
-----------------------------------      -----------------------------------
        Assistant Secretary          Name: Todd L. Spillane
                                     Title: Senior Vice President
(SEAL)

                                       3
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