<SEC-DOCUMENT>0000950123-11-041883.txt : 20110429
<SEC-HEADER>0000950123-11-041883.hdr.sgml : 20110429
<ACCEPTANCE-DATETIME>20110429151022
ACCESSION NUMBER:		0000950123-11-041883
CONFORMED SUBMISSION TYPE:	NSAR-BT
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20110228
FILED AS OF DATE:		20110429
DATE AS OF CHANGE:		20110429
EFFECTIVENESS DATE:		20110429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Van Kampen Trust for Investment Grade Municipals
		CENTRAL INDEX KEY:			0000880892
		IRS NUMBER:				363797841
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NSAR-BT
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06471
		FILM NUMBER:		11793935

	BUSINESS ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET, N.E.
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30309
		BUSINESS PHONE:		404-439-3217

	MAIL ADDRESS:	
		STREET 1:		1555 PEACHTREE STREET, N.E.
		STREET 2:		SUITE 1800
		CITY:			ATLANTA
		STATE:			2Q
		ZIP:			30309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
		DATE OF NAME CHANGE:	20040707

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN TRUST FOR INVSTMENT GRADE MUNICIPALS
		DATE OF NAME CHANGE:	19981006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN AMERICAN CAPITAL TR FOR INVSTMNT GRADE MUNICIPALS
		DATE OF NAME CHANGE:	19960102
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-BT
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>NSAR-BT
<TEXT>
<PAGE>      PAGE  1
000 B000000 02/28/2011
000 C000000 0000880892
000 D000000 Y
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 INVESCO VAN KAMPEN TRUST FOR INV GRD MUNII
001 B000000 811-06471
001 C000000 8002415477
002 A000000 1555 PEACHTREE ST., NE
002 B000000 ATLANTA
002 C000000 GA
002 D010000 30309
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008 A000001 Invesco Advisers, Inc.
008 B000001 A
008 C000001 801-33949
008 D010001 Atlanta
008 D020001 GA
008 D030001 30309
008 A000002 Invesco Asset Management Deutschland GmbH
008 B000002 S
008 C000002 801-67712
008 D010002 Frankfurt
008 D050002 Germany
008 D060002 60313
008 A000003 Invesco Asset Management Limited
008 B000003 S
008 C000003 801-50197
008 D010003 London
008 D050003 United Kingdom
008 D060003 EC2A1AG
008 A000004 Invesco Asset Management (Japan) Ltd.
008 B000004 S
008 C000004 801-52601
008 D010004 Tokyo
008 D050004 Japan
008 D060004 105-6025
008 A000005 Invesco Australia Limited
008 B000005 S
008 C000005 801-68638
008 D010005 Melbourne
<PAGE>      PAGE  2
008 D050005 Australia
008 D060005 3000
008 A000006 Invesco Hong Kong Limited
008 B000006 S
008 C000006 801-47856
008 D010006 HONG KONG
008 D050006 HONG KONG
008 A000007 Invesco Senior Secured Management, Inc.
008 B000007 S
008 C000007 801-38119
008 D010007 NEW YORK
008 D020007 NY
008 D030007 10036
008 D040007 2727
008 A000008 Invesco Trimark Ltd.
008 B000008 S
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008 D010008 TORONTO
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010 C010001 Houston
010 C020001 TX
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012 A000001 COMPUTERSHARE TRUST COMPANY, N.A.
012 B000001 85-11340
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
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013 A000001 PricewaterhouseCoopers, LLP
013 B010001 HOUSTON
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015 B000001 C
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015 C020001 MA
015 C030001 02111
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022 A000002 CITIGROUP GLOBAL MARKETS INC.
022 B000002 11-2418191
022 C000002     19448
022 D000002      5620
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003      9468
022 D000003      2467
022 A000004 JP Morgan Securities Inc.
022 B000004 13-3299429
022 C000004      4854
022 D000004      1885
022 A000005 E.J. DE LA ROSA & CO., INC.
022 B000005 95-4223441
022 C000005         0
022 D000005      5947
022 A000006 PIPER JAFFRAY & CO.
022 B000006 41-0953246
022 C000006      4615
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022 A000007 BARCLAYS CAPITAL INC.
022 B000007 06-1031656
022 C000007      3637
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022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
022 C000008      2003
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SIGNATURE   KELLI GALLEGOS
TITLE       ASST VP & TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>h81570ex77b.txt
<DESCRIPTION>EX-99.77B
<TEXT>
                                                                    SUB-ITEM 77B

            REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Trustees and Shareholders of Invesco Van Kampen Trust for
Investment Grade Municipals:

In planning and performing our audits of the financial statements of Invesco Van
Kampen Trust for Investment Grade Municipals, hereafter referred to as the
"Trust" as of and for the period ended February 28, 2011, in accordance with the
standards of the Public Company Accounting Oversight Board (United States), we
considered the Trust's internal control over financial reporting, including
controls over safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, but not for the purpose of
expressing an opinion on the effectiveness of the Trust's internal control over
financial reporting. Accordingly, we do not express an opinion on the
effectiveness of the Trust's internal control over financial reporting.

The management of the Trust is responsible for establishing and maintaining
effective internal control over financial reporting. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. A Trust's internal control over
financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted
accounting principles. A company's internal control over financial reporting
includes those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted
accounting principles, and that receipts and expenditures of the company are
being made only in accordance with authorizations of management and trustees of
the Trust; and (3) provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition of a company's assets
that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design
or operation of a control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Trust's annual or interim financial statements will not be prevented or detected
on a timely basis.

Our consideration of the Trust's internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established by the
Public Company Accounting Oversight Board (United States). However, we noted no
deficiencies in the Trust's internal control over financial reporting and its
operation, including controls over safeguarding securities that we consider to
be material weaknesses as defined above as of February 28, 2011.

This report is intended solely for the information and use of management and the
Board of Trustees of the Trust and the Securities and Exchange Commission and is
not intended to be and should not be used by anyone other than these specified
parties.

PricewaterhouseCoopers LLP
Houston, TX

April 21, 2011
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77E LEGAL
<SEQUENCE>3
<FILENAME>h81570ex77e.txt
<DESCRIPTION>EX-99.77E
<TEXT>
                                                                   SUB-ITEM 77E

            INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS

                                LEGAL PROCEEDINGS

SETTLED REGULATORY ENFORCEMENT ACTIONS AND INVESTIGATIONS RELATED TO MARKET
TIMING

            On October 8, 2004, Invesco Advisers, Inc. (Invesco), successor by
merger to Invesco Aim Advisors, Inc. and INVESCO Funds Group, Inc. (IFG), both
former investment advisers, along with Invesco Aim Distributors, n/k/a Invesco
Distributors, Inc. (Invesco Distributors) reached final settlements with certain
regulators, including the Securities and Exchange Commission (SEC), the New York
Attorney General and the Colorado Attorney General, to resolve civil enforcement
actions and/or investigations related to market timing and related activity in
the AIM Funds (n/k/a the Invesco Funds), including those formerly advised by
IFG. As part of the settlements, a $325 million fair fund ($110 million of which
is civil penalties) was created to compensate shareholders harmed by market
timing and related activity in funds formerly advised by IFG. Additionally,
Invesco and Invesco Distributors created a $50 million fair fund ($30 million of
which is civil penalties) to compensate shareholders harmed by market timing and
related activity in funds advised by Invesco, which was done pursuant to the
terms of the settlement. The methodology of the fair funds distributions was
determined by Invesco's independent distribution consultant (IDC Plan), in
consultation with Invesco and the independent trustees of the Invesco Funds, and
approved by the SEC on May 23, 2008.

            The IDC Plan provides for distribution to all eligible investors for
the periods spanning January 1, 2000 through July 31, 2003 (for the IFG Fair
Fund) and January 1, 2001 through September 30, 2003 (for the AIM Fair Fund),
their proportionate share of the applicable Fair Fund to compensate such
investors for injury they may have suffered as a result of market timing in the
affected funds. The IDC Plan includes a provision for any residual amounts in
the Fair Funds to be distributed in the future to the affected funds. Further
details regarding the IDC Plan and distributions thereunder are available on
Invesco's Web site, available at http://www.invesco.com/us.

PENDING REGULATORY ACTION ALLEGING MARKET TIMING

            On August 30, 2005, the West Virginia Office of the State Auditor -
Securities Commission (WVASC) issued a Summary Order to Cease and Desist and
Notice of Right to Hearing to Invesco and Invesco Distributors (Order No.
05-1318). The WVASC makes findings of fact that Invesco and Invesco Distributors
entered into certain arrangements permitting market timing of the Invesco Funds
and failed to disclose these arrangements in the prospectuses for such Funds,
and conclusions of law to the effect that Invesco and Invesco Distributors
violated the West Virginia securities laws. The WVASC orders Invesco and Invesco
Distributors to cease any further violations and seeks to impose monetary
sanctions, including restitution to affected investors, disgorgement of fees,
reimbursement of investigatory, administrative and legal costs and an
"administrative assessment," to be determined by the Commissioner. Initial
research indicates that these damages could be limited or capped by statute. By
agreement with the Commissioner of Securities, Invesco's time to respond to that
Order has been indefinitely suspended.

PRIVATE CIVIL ACTIONS ALLEGING MARKET TIMING

            Multiple civil lawsuits, including purported class action and
shareholder derivative suits, were filed against various parties (including,
depending on the lawsuit, certain Invesco Funds, IFG, Invesco, Invesco Aim
Management Group, Inc., n/k/a Invesco Management Group, Inc. and certain related
entities, certain of their current and former officers and/or certain unrelated
third parties) based on allegations of improper market timing and related
activity in the Invesco Funds. The lawsuits were transferred to the United
States District Court for the District of Maryland (the MDL Court) for
consolidated or coordinated pre-trial proceedings.

                                       1
<PAGE>

            Pursuant to an Order of the MDL Court, plaintiffs in these lawsuits
consolidated their claims for pre-trial purposes into three amended complaints
against various Invesco - and IFG-related parties, as described below.

      -     RICHARD LEPERA, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
            SITUATED (LEAD PLAINTIFF: CITY OF CHICAGO DEFERRED COMPENSATION
            PLAN), V. INVESCO FUNDS GROUP, INC., ET AL, in the MDL Court (Case
            No. 04-MD-15864; No. 04-CV-00814-JFM) (originally in the United
            States District Court for the District of Colorado), filed on
            September 29, 2004.

      -     CYNTHIA ESSENMACHER, ET AL., Derivatively on Behalf of the Mutual
            Funds, Trusts and Corporations Comprising the Invesco and AIM Family
            of Mutual Funds v. AMVESCAP, PLC, ET AL., in the MDL Court (Case No.
            04-MD-15864-FPS; No. 04-819), filed on September 29, 2004.

      -     MIRIAM CALDERON, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY
            SITUATED, V. AVZ, INC., ET AL., in the MDL Court (Case No.
            1:04-MD-15864-FPS), filed on September 29, 2004.

            On January 5, 2008, the parties reached an agreement in principle to
settle both the Lepera and the Essenmacher lawsuits, subject to the MDL Court
approval.

            On December 15, 2008, the parties reached an agreement in principle
to settle the Calderon lawsuit, subject to the MDL Court approval. No payments
were required under the settlement; however, the parties agreed that certain
limited changes to benefit plans and participants' accounts would be made.

            The Court approved the settlements on October 21, 2010. There was a
brief period to appeal the Court's approval; however, no appeal was filed. The
payments to affected shareholders were made in January 2011. This concludes
these matters.

OTHER ACTIONS INVOLVING INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS

The Trust received a shareholder demand letter dated August 6, 2010, from two of
the Trust's shareholders, alleging that the Board and the officers of the Trust
breached their fiduciary duty and duty of loyalty and wasted Trust assets by
causing the Trust to redeem Auction Rate Preferred Securities (ARPS) at their
liquidation value. Specifically, the shareholders claim that the Board and
officers had no obligation to provide liquidity to the ARPS shareholders, the
redemptions were improperly motivated to benefit the prior adviser by preserving
business relationships with the ARPS holders, i.e., institutional investors, and
the market value and fair value of the ARPS were less than par at the time they
were redeemed. The letter alleges that the redemption of the ARPS occurred at
the expense of the Trust and its common shareholders. The letter demands that:
1) the Board take action against the prior adviser and trustees/officers to
recover damages; 2) the Board refrain from authorizing further redemptions or
repurchases of ARPS by the Trust at prices in excess of fair value or market
value at the time of the transaction; and 3) if the Trust does not commence
appropriate action, the shareholder will commence a shareholder derivative
action on behalf of the Trust. The Board has formed a committee to investigate
these claims and make a recommendation to the Board regarding whether
maintenance of these claims is in the best interests of the Trusts.

At the present time, management of Invesco and the Invesco Funds are unable to
estimate the impact, if any, that the outcome of the Pending Litigation and
Regulatory Inquiries described herein may have on Invesco, Invesco Distributors
or the Invesco Funds.

                                       2
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>4
<FILENAME>h8157077e1e.txt
<DESCRIPTION>EX-99.77Q1
<TEXT>
                                                               SUB-ITEM 77Q1 (e)

            INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS

                             MEMORANDUM OF AGREEMENT
                              (EXPENSE LIMITATIONS)

            This Memorandum of Agreement is entered into as of the Effective
Date on the attached exhibits (the "Exhibits"), between Invesco Van Kampen
Advantage Municipal Income Trust II, Invesco Van Kampen Bond Fund, Invesco Van
Kampen California Value Municipal Income Trust, Invesco Van Kampen Dynamic
Credit Opportunities Fund, Invesco Van Kampen Exchange Fund, Invesco Van Kampen
High Income Trust II, Invesco Van Kampen Massachusetts Value Municipal Income
Trust, Invesco Van Kampen Municipal Opportunity Trust, Invesco Van Kampen
Municipal Trust, Invesco Van Kampen Ohio Quality Municipal Trust, Invesco Van
Kampen Pennsylvania Value Municipal Income Trust, Invesco Van Kampen Select
Sector Municipal Trust, Invesco Van Kampen Senior Income Trust, Invesco Van
Kampen Senior Loan Fund, Invesco Van Kampen Trust for Insured Municipals,
Invesco Van Kampen Trust for Investment Grade Municipals, Invesco Van Kampen
Trust for Investment Grade New Jersey Municipals and Invesco Van Kampen Trust
for Investment Grade New York Municipals (each a "Trust" or, collectively, the
"Trusts"), on behalf of the funds listed on the Exhibits to this Memorandum of
Agreement (the "Funds"), and Invesco Advisers, Inc. ("Invesco"). Invesco shall
and hereby agrees to waive fees or reimburse expenses of each Fund, on behalf of
its respective classes as applicable, severally and not jointly, as indicated in
the attached Exhibit.

            For and in consideration of the mutual terms and agreements set
forth herein and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Trusts and Invesco agree as
follows:

            For the Contractual Limits (listed in Exhibit A), the Trusts and
Invesco agree until at least the expiration date set forth on the attached
Exhibit A (the "Expiration Date") that Invesco will waive its fees or reimburse
expenses to the extent that total annual fund operating expenses after fee
waiver and/or expense reimbursement of a class of a Fund (excluding (i)
interest; (ii) taxes; (iii) dividend expense on short sales; (iv) extraordinary
or non-routine items; (v) expenses that each Fund has incurred but did not
actually pay because of an expense offset arrangement, if applicable) exceed the
rate, on an annualized basis, set forth on the Exhibits of the average daily net
assets allocable to such class. Acquired fund fees and expenses are not fees or
expenses incurred by a fund directly but are expenses of the investment
companies in which a fund invests. These fees and expenses are incurred
indirectly through the valuation of a fund's investment in these investment
companies. Acquired fund fees and expenses are required to be disclosed and
included in the total annual fund operating expenses in the prospectus fee
table. As a result, the net total annual fund operating expenses shown in the
prospectus fee table may exceed the expense limits reflected in Exhibit A. With
regard to the Contractual Limits, the Board of Trustees of the Trust and Invesco
may terminate or modify this Memorandum of Agreement prior to the Expiration
Date only by mutual written consent. Invesco will not have any right to
reimbursement of any amount so waived or reimbursed.

            For the Contractual Limits, each of the Trusts and Invesco agree to
review the then-current expense limitations for each class of each Fund listed
on the Exhibits on a date prior to the Expiration Date to determine whether such
limitations should be amended, continued or terminated. The expense limitations
will expire upon the Expiration Date unless the Trusts and Invesco have agreed
to continue them. The Exhibits will be amended to reflect any such agreement.

            It is expressly agreed that the obligations of each Trust hereunder
shall not be binding upon any of the Trustees, shareholders, nominees, officers,
agents or employees of the Trusts personally, but shall only bind the assets and
property of each Fund, as provided in each Trust's Agreement and Declaration of
Trust. The execution and delivery of this Memorandum of Agreement have been
authorized by the Trustees of the Trusts, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of the Trusts acting as
such; neither such authorization by such Trustees nor such execution and
delivery by such officer shall be deemed to have been made by any of them
individually or to impose any liability on any of them personally, but shall
bind only the assets and property of the Funds, as provided in each Trust's
Agreement and Declaration of Trust.

<PAGE>

          IN WITNESS WHEREOF, each of the Trusts and Invesco have entered into
this Memorandum of Agreement as of the Effective Dates on the attached Exhibits.

            INVESCO VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II
            INVESCO VAN KAMPEN BOND FUND
            INVESCO VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST
            INVESCO VAN KAMPEN DYNAMIC CREDIT OPPORTUNITIES FUND
            INVESCO VAN KAMPEN EXCHANGE FUND
            INVESCO VAN KAMPEN HIGH INCOME TRUST II
            INVESCO VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
            INVESCO VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
            INVESCO VAN KAMPEN MUNICIPAL TRUST
            INVESCO VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST
            INVESCO VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
            INVESCO VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
            INVESCO VAN KAMPEN SENIOR INCOME TRUST
            INVESCO VAN KAMPEN SENIOR LOAN FUND
            INVESCO VAN KAMPEN TRUST FOR INSURED MUNICIPALS
            INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
            INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS
            INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
            on behalf of the Funds listed in the Exhibits
            to this Memorandum of Agreement

            By:    /s/ John M. Zerr

            Title: Senior Vice President

            INVESCO ADVISERS, INC.

            By:    /s/ John M. Zerr

            Title: Senior Vice President


                                       2
<PAGE>

                                                         as of November 16, 2010

                          EXHIBIT "A" -- RETAIL FUNDS(1)

               INVESCO VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Advantage Municipal
  Income Trust                     Contractual      1.05%         June 1, 2010     June 30, 2012
</TABLE>

                          INVESCO VAN KAMPEN BOND FUND

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Bond Fund               Contractual      0.58%         June 1, 2010     June 30, 2012
</TABLE>

           INVESCO VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK California Value Muni
  Income Trust                     Contractual      1.05%         June 1, 2010     June 30, 2012
</TABLE>

              INVESCO VAN KAMPEN DYNAMICS CREDIT OPPORTUNITIES FUND

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Dynamics Credit
  Opportunities Fund               Contractual      2.22%         June 1, 2010     June 30, 2012
</TABLE>

                        INVESCO VAN KAMPEN EXCHANGE FUND

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Exchange Fund           Contractual      0.52%         June 1, 2010     June 30, 2012
</TABLE>

                     INVESCO VAN KAMPEN HIGH INCOME TRUST II

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK High Income Trust II    Contractual      2.02%         June 1, 2010     June 30, 2012
</TABLE>

         INVESCO VAN KAMPEN MASSACHUSETTES VALUE MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Massachusetts Value
  Municipal Income Trust           Contractual      1.18%         June 1, 2010     June 30, 2012
</TABLE>

                                       3
<PAGE>

                                                         as of November 16, 2010

                INVESCO VAN KAMPEN MUNICIPAL OPPORTUNITIES TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Municipal
  Opportunities Trust              Contractual      1.03%         June 1, 2010     June 30, 2012
</TABLE>

                       INVESCO VAN KAMPEN MUNICIPAL TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Municipal Trust         Contractual      0.94%         June 1, 2010     June 30, 2012
</TABLE>

                 INVESCO VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Ohio Quality
  Municipal Trust                  Contractual      1.02%         June 1, 2010     June 30, 2012
</TABLE>

          INVESCO VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Pennsylvania Value
  Municipal Income Trust           Contractual      0.98%         June 1, 2010     June 30, 2012
</TABLE>

                 INVESCO VAN KAMPEN SELECT SECTOR MUNICIPAL RUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Select Sector
  Municipal Trust                  Contractual      1.07%         June 1, 2010     June 30, 2012
</TABLE>

                     INVESCO VAN KAMPEN SENIOR INCOME TRUST

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Senior Income Trust     Contractual      2.07%         June 1, 2010     June 30, 2012
</TABLE>

                       INVESCO VAN KAMPEN SENIOR LOAN FUND

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Senior Loan Fund
  Class A                          Contractual      1.53%(2)      June 1, 2010     June 30, 2012
  Class B                          Contractual      2.28%(2)      June 1, 2010     June 30, 2012
  Class C                          Contractual      2.28%(2)      June 1, 2010     June 30, 2012
  Class IB                         Contractual      1.53%         June 1, 2010     June 30, 2012
  Class IC                         Contractual      1.53%(2)      June 1, 2010     June 30, 2012
</TABLE>

                                       4
<PAGE>

                                                         as of November 16, 2010

                 INVESCO VAN KAMPEN TRUST FOR INSURED MUNICIPALS

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Trust for Insured
  Municipals                       Contractual      1.10%         June 1, 2010     June 30, 2012
</TABLE>

            INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Trust for Investment
  Grade Municipals                 Contractual      0.99%         June 1, 2010     June 30, 2012
</TABLE>

      INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY MUNICIPALS

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Trust for Investment
  Grade New Jersey Municipals      Contractual      1.08%         June 1, 2010     June 30, 2012
</TABLE>

        INVESCO VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS

<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                VOLUNTARY     LIMITATION     CURRENT LIMIT          DATE
-------------------------------   -------------   ----------   -----------------   -------------
<S>                               <C>             <C>          <C>                 <C>
Invesco VK Trust for Investment
  Grade New York Municipals        Contractual      1.02%         June 1, 2010     June 30, 2012
</TABLE>

(1)   The total operating expenses of any class of shares established after the
      date of this Memorandum of Agreement will be limited to the amount
      established for Class A Shares plus the difference between the new class
      12b-1 rate and the Class A 12b-1 rate.

(2)   The expense limit shown is the expense limit after Rule 12b-1 fee waivers
      by Invesco Distributorors, Inc.

                                       5
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
