<SEC-DOCUMENT>0000950123-12-007032.txt : 20120427
<SEC-HEADER>0000950123-12-007032.hdr.sgml : 20120427
<ACCEPTANCE-DATETIME>20120427143419
ACCESSION NUMBER:		0000950123-12-007032
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20120229
FILED AS OF DATE:		20120427
DATE AS OF CHANGE:		20120427
EFFECTIVENESS DATE:		20120427

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Municipal Income Opportunities Trust
		CENTRAL INDEX KEY:			0000835333
		IRS NUMBER:				133473972
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0530

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05597
		FILM NUMBER:		12788431

	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:	MORGAN STANLEY MUNICIPAL INCOME OPPORTUNITIES TRUST
		DATE OF NAME CHANGE:	20011220

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MSDW MUNICIPAL INCOME OPPORTUNITIES TRUST
		DATE OF NAME CHANGE:	19981221

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MUNICIPAL INCOME OPPORTUNITIES TRUST/MA
		DATE OF NAME CHANGE:	19930721
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
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<DESCRIPTION>ANNUAL REPORT
<TEXT>
<PAGE>      PAGE  1
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000 I000000 6.1
000 J000000 A
001 A000000 INVESCO  MUNICIPAL INCOME OPPORTUNITIES TRUST
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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
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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 Canada Ltd.
008 B000008 S
008 C000008 801-62166
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022 A000002 BANC OF AMERICA SECURITIES LLC
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022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
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022 D000003      4741
022 A000004 B.C. ZIEGLER AND COMPANIES
022 B000004 39-0727640
022 C000004      3021
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022 A000005 JEFFERIES & COMPANY, INC.
022 B000005 95-2622900
022 C000005       201
022 D000005      3518
022 A000006 CITIGROUP GLOBAL MARKETS INC.
022 B000006 11-2418191
022 C000006      2253
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022 A000007 WELLS FARGO SECURITIES, LLC
022 B000007 56-2326000
022 C000007      1500
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022 A000008 PIPER JAFFRAY & CO.
022 B000008 41-0953246
022 C000008      1207
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022 A000009 GOLDMAN, SACHS & CO.
022 B000009 13-5108880
022 C000009      1133
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022 A000010 FMSBonds, Inc.
022 B000010 59-1842344
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SIGNATURE   KELLI GALLEGOS
TITLE       ASSISTANT VP AND ASSISTANT TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>h86360ex77b.txt
<DESCRIPTION>EX-77B
<TEXT>
                                                                   SUB-ITEM 77B

             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Trustees and Shareholders of Invesco Municipal Income
Opportunities Trust:

In planning and performing our audits of the financial statements of Invesco
Municipal Income Opportunities Trust (hereafter referred to as the "Trust") as
of and for the period ended February 29, 2012, 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 fund'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 fund'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 fund; (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 fund are being made only
in accordance with authorizations of management and trustees of the fund; and
(3) provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a fund'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 29, 2012.

<PAGE>

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 23, 2012

                                      2

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>3
<FILENAME>h8636077q1a.txt
<DESCRIPTION>EX-77Q1A
<TEXT>
<PAGE>
                                                                Sub-Item 77Q1(a)

                                  CERTIFICATE

The undersigned hereby certifies that he is the Secretary of Invesco Municipal
Income Opportunities Trust, an unincorporated business trust organized under the
laws of the Commonwealth of Massachusetts, and that annexed hereto is an
Amendment to the Declaration of Trust of the Trust adopted by the Trustees of
the Trust on March 16, 2011 as provided in Section 8.3 of the Declaration of
Trust, said Amendment to take effect on April 1, 2011, and does hereby further
certify that such Amendment has not been amended and is on the date hereof in
full force and effect.

Dated this 31st day of March 2011
                                             /s/ John M. Zerr
                                             ----------------------------------
                                             Name:  John M. Zerr
                                             Secretary
<PAGE>
                                   AMENDMENT

                              Dated March 16, 2011

                         To be Effective April 1, 2011

                                       TO

                  INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST

                              DECLARATION OF TRUST

                                     DATED

                                 June 21, 1988
<PAGE>
Dated March 16, 2011

To be Effective April 1, 2011

                      AMENDMENT TO DECLARATION OF TRUST OF
                  INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST

          WHEREAS Invesco Municipal Income Opportunities Trust (the "Trust") was
established by the Declaration of Trust dated June 21, 1988, as amended from
time to time (the "Declaration") under the laws of the Commonwealth of
Massachusetts;

          WHEREAS Section 8.3 of the Declaration provides that the Trustees may
amend the Declaration without the vote or consent of Shareholders for any
purpose that does not adversely affect the rights of any Shareholder with
respect to which the amendment is or purports to be applicable; and

          WHEREAS the Trustees of the Trust have deemed it advisable to decrease
the maximum number of Trustees provided for under the Declaration.

NOW THEREFORE

          1.    Section 2.1 of Article II of the Declaration is hereby amended
so that such Section shall read in its entirety as follows

     Section 2.1. Number of Trustees. The number of Trustees shall be such
     number as shall be fixed from time to time by written instrument
     signed by a majority of the Trustees provided however that the number
     of Trustees shall in no event be less than three nor more than sixteen
     except as such number shall be increased in connection with the rights
     of the holders of the Preferred Shares to elect a majority of the
     Trustees as provided in Section 6.1 hereof. No reduction in the number
     of Trustees shall have the effect of removing any Trustee from office
     prior to the expiration of his term unless the Trustee is specifically
     removed pursuant to Section 2.2 of this Article II at the time of
     decrease.

          2.    All capitalized terms are used herein as defined in the
Declaration unless otherwise defined herein. All references in the Declaration
to "this Declaration" shall mean the Declaration as amended by this Amendment.

          3.    The Trustees of the Trust hereby reaffirm the Declaration as
amended in all respects.

          4.    The undersigned hereby certify that this instrument has been
duly adopted in accordance with the provisions of the Declaration.
<PAGE>

         6.     This amendment may be executed in more than one counterpart
each of which shall be deemed an original, but all of which together shall
constitute one and the same document.

         IN WITNESS WHEREOF the undersigned Trustees of the Trust have executed
this instrument this 31st day of March 2011.

By: /s/ David C. Arch             By: /s/ Martin L . Flanagan
    --------------------------        ----------------------------------
    David C. Arch                     Martin L. Flanagan
    Trustee                           Trustee


By: /s/ Bob R. Baker              By: /s/ Carl Frischling
    --------------------------        ----------------------------------
    Bob R. Baker                      Carl Frischling
    Trustee                           Trustee

By: /s/ Frank S. Bayley           By: /s/ Prema Mathai-Davis
    --------------------------        ----------------------------------
    Frank S. Bayley                   Prema Mathai-Davis
    Trustee                           Trustee


By: /s/ James T. Bunch            By: /s/ Larry Soll
    --------------------------        ----------------------------------
    James T. Bunch                    Larry Soll
    Trustee                           Trustee


By: /s/Bruce L. Crockett          By: /s/ Hugo F. Sonnenschein
    --------------------------        ----------------------------------
    Bruce L. Crockett                 Hugo F. Sonnenschein
    Trustee                           Trustee

By: /s/ Rodney F. Dammeyer        By: /s/ Raymond Stickel, Jr.
    --------------------------        ----------------------------------
    Rodney F. Dammeyer                Raymond Stickel, Jr.
    Trustee                           Trustee


By: /s/ Albert R. Dowden          By: /s/ Philip A. Taylor
    --------------------------        ----------------------------------
    Albert R. Dowden                  Philip A. Taylor
    Trustee                           Trustee

By: /s/ Jack M. Fields            By: /s/ Wayne W. Whalen
    --------------------------        ----------------------------------
    Jack M. Fields                    Wayne W. Whalen
    Trustee                           Trustee
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>4
<FILENAME>h8636077q1e1.txt
<DESCRIPTION>EX-77Q1E1
<TEXT>
<PAGE>

                                                                SUB-ITEM 77Q1(e)

                            MEMORANDUM OF AGREEMENT
                             (EXPENSE LIMITATIONS)


     This Memorandum of Agreement is entered into as of the Effective Date on
the attached exhibits (the "Exhibits"), between AIM Counselor Series Trust
(Invesco Counselor Series Trust), AIM Equity Funds (Invesco Equity Funds), AIM
Funds Group (Invesco Funds Group), AIM Growth Series (Invesco Growth Series),
AIM International Mutual Funds (Invesco International Mutual Funds), AIM
Investment Funds (Invesco Investment Funds), AIM Investment Securities Funds
(Invesco Investment Securities Funds), AIM Sector Funds (Invesco Sector Funds),
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds), AIM Variable Insurance Funds
(Invesco Variable Insurance Funds), Invesco California Insured Municipal Income
Trust, Invesco California Quality Municipal Securities, Invesco High Yield
Investments Fund, Inc., Invesco Insured California Municipal Securities, Invesco
Insured Municipal Bond Trust, Invesco Insured Municipal Income Trust, Invesco
Insured Municipal Securities, Invesco Insured Municipal Trust, Invesco Municipal
Income Opportunities Trust, Invesco Municipal Income Opportunities Trust II,
Invesco Municipal Income Opportunities Trust III, Invesco Municipal Premium
Income Trust, Invesco New York Quality Municipal Securities, Invesco Prime
Income Trust, Invesco Quality Municipal Income Trust, Invesco Quality Municipal
Investment Trust, Invesco Quality Municipal Securities and Short-Term
Investments Trust (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 Exhibits.

     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 Exhibits A - D), the Trusts and
Invesco agree until at least the expiration date set forth on the attached
Exhibits A - D (the "Expiration Date") that Invesco will waive its fees or
reimburse expenses to the extent that expenses of a class of a Fund (excluding
(i) interest; (ii) taxes; (iii) dividend expense on short sales; (iv)
extraordinary or non-routine items, including litigation expenses;; and (vii)
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 Exhibits A-D. 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.

     For the Voluntary Limits (listed in Exhibits A - D), the Trusts and Invesco
agree that these are not contractual in nature and that Invesco may establish,
amend and/or terminate such expense limitations at any time in its sole
discretion after consultation with the Funds' Boards of Trustees. Any delay or
failure by Invesco to update this Memorandum of Agreement with regards to the
terminations, extensions, or expirations of the Voluntary Limits shall have no
effect on the term of such Voluntary Limitations; the Voluntary Limitations are
listed herein for informational purposes only.

     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
<PAGE>
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.

     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.

          AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
          AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
          AIM FUNDS GROUP (INVESCO FUNDS GROUP)
          AIM GROWTH SERIES (INVESCO GROWTH SERIES)
          AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
          AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
          AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
          AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
          AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
          AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
          INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
          INVESCO HIGH YIELD INVESTMENTS FUND, INC.
          INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
          INVESCO INSURED MUNICIPAL BOND TRUST
          INVESCO INSURED MUNICIPAL INCOME TRUST
          INVESCO INSURED MUNICIPAL SECURITIES
          INVESCO INSURED MUNICIPAL TRUST
          INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
          INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
          INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
          INVESCO MUNICIPAL PREMIUM INCOME TRUST
          INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
          INVESCO PRIME INCOME TRUST
          INVESCO QUALITY MUNICIPAL INCOME TRUST
          INVESCO QUALITY MUNICIPAL INVESTMENT TRUST
          INVESCO QUALITY MUNICIPAL SECURITIES
          SHORT-TERM INVESTMENTS TRUST
          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 January 1, 2012

                          EXHIBIT "A" - RETAIL FUNDS(1)

          AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)

<TABLE>
<CAPTION>
                                                       CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                                    VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
----------------------------------------------------   ------------   -----------   -----------------   -----------------
<S>                                                    <C>            <C>           <C>                 <C>
Invesco California Tax-Free Income Fund
      Class A Shares                                   Contractual          0.85%   February 12, 2010     June 30, 2012
      Class B Shares                                   Contractual          1.35%   February 12, 2010     June 30, 2012
      Class C Shares                                   Contractual          1.35%   February 12, 2010     June 30, 2012
      Class Y Shares                                   Contractual          0.60%   February 12, 2010     June 30, 2012

Invesco Core Plus Bond Fund
      Class A Shares                                   Contractual          0.75%     June 6, 2011        June 30, 2013
      Class B Shares                                   Contractual          1.50%     June 6, 2011        June 30, 2013
      Class C Shares                                   Contractual          1.50%     June 6, 2011        June 30, 2013
      Class R Shares                                   Contractual          1.00%     June 6, 2011        June 30, 2013
      Class Y Shares                                   Contractual          0.50%     June 6, 2011        June 30, 2013
      Institutional Class Shares                       Contractual          0.50%     June 6, 2011        June 30, 2013


Invesco Equally-Weighted S&P 500 Fund
      Class A Shares                                   Contractual          0.75%   February 12, 2010     June 30, 2012
      Class B Shares                                   Contractual          1.50%   February 12, 2010     June 30, 2012
      Class C Shares                                   Contractual          1.50%   February 12, 2010     June 30, 2012
      Class R Shares                                   Contractual          1.00%   February 12, 2010     June 30, 2012
      Class Y Shares                                   Contractual          0.50%   February 12, 2010     June 30, 2012

Invesco Floating Rate Fund
      Class A Shares                                   Contractual          1.50%    April 14, 2006     December 31, 2012
      Class C Shares                                   Contractual          2.00%    April 14, 2006     December 31, 2012
      Class R Shares                                   Contractual          1.75%    April 14, 2006     December 31, 2012
      Class Y Shares                                   Contractual          1.25%    October 3, 2008    December 31, 2012
      Institutional Class Shares                       Contractual          1.25%    April 14, 2006     December 31, 2012

Invesco S&P 500 Index Fund
      Class A Shares                                   Contractual          0.65%   February 12, 2010     June 30, 2012
      Class B Shares                                   Contractual          1.40%   February 12, 2010     June 30, 2012
      Class C Shares                                   Contractual          1.40%   February 12, 2010     June 30, 2012
      Class Y Shares                                   Contractual          0.40%   February 12, 2010     June 30, 2012

Invesco Global Real Estate Income Fund
      Class A Shares                                   Contractual          2.00%     July 1, 2009      December 31, 2012
      Class B Shares                                   Contractual          2.75%     July 1, 2009      December 31, 2012
      Class C Shares                                   Contractual          2.75%     July 1, 2009      December 31, 2012
      Class Y Shares                                   Contractual          1.75%     July 1, 2009      December 31, 2012
      Institutional Class Shares                       Contractual          1.75%     July 1, 2009      December 31, 2012

Invesco Structured Core Fund
      Class A Shares                                   Contractual          1.00%     July 1, 2009        June 30, 2012
      Class B Shares                                   Contractual          1.75%     July 1, 2009        June 30, 2012
      Class C Shares                                   Contractual          1.75%     July 1, 2009        June 30, 2012
      Class R Shares                                   Contractual          1.25%     July 1, 2009        June 30, 2012
      Class Y Shares                                   Contractual          0.75%     July 1, 2009        June 30, 2012
      Investor Class Shares                            Contractual          1.00%     July 1, 2009        June 30, 2012
      Institutional Class Shares                       Contractual          0.75%     July 1, 2009        June 30, 2012

Invesco Van Kampen American Franchise Fund
      Class A Shares                                   Contractual          1.05%     May 23, 2011        June 30, 2013
      Class B Shares                                   Contractual          1.22%(8)  May 23, 2011        June 30, 2013
      Class C Shares                                   Contractual          1.80%     May 23, 2011        June 30, 2013
      Class R Shares                                   Contractual          1.30%     May 23, 2011        June 30, 2013
      Class Y Shares                                   Contractual          0.80%     May 23, 2011        June 30, 2013
      Institutional Class Shares                       Contractual          0.80%     May 23, 2011        June 30, 2013
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       3
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                                       CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                                    VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
----------------------------------------------------   ------------   -----------   -----------------   -----------------
<S>                                                    <C>            <C>           <C>                 <C>
Invesco Van Kampen Equity and Income Fund
      Class A Shares                                   Contractual          0.82%   February 12, 2010   June 30, 2012
      Class B Shares                                   Contractual          0.95%(8)February 12, 2010   June 30, 2012
      Class C Shares                                   Contractual          1.57%   February 12, 2010   June 30, 2012
      Class R Shares                                   Contractual          1.07%   February 12, 2010   June 30, 2012
      Class Y Shares                                   Contractual          0.57%   February 12, 2010   June 30, 2012
      Institutional Class Shares                       Contractual          0.57%   February 12, 2010   June 30, 2012

Invesco Van Kampen Growth and Income Fund
      Class A Shares                                   Contractual          0.88%   February 12, 2010   June 30, 2012
      Class B Shares                                   Contractual          1.63%   February 12, 2010   June 30, 2012
      Class C Shares                                   Contractual          1.63%   February 12, 2010   June 30, 2012
      Class R Shares                                   Contractual          1.13%   February 12, 2010   June 30, 2012
      Class Y Shares                                   Contractual          0.63%   February 12, 2010   June 30, 2012
      Institutional Class Shares                       Contractual          0.63%   February 12, 2010   June 30, 2012

Invesco Van Kampen Pennsylvania Tax Free Income Fund
      Class A Shares                                   Contractual          1.13%   February 12, 2010   June 30, 2012
      Class B Shares                                   Contractual          1.88%   February 12, 2010   June 30, 2012
      Class C Shares                                   Contractual          1.88%   February 12, 2010   June 30, 2012
      Class Y Shares                                   Contractual          0.88%   February 12, 2010   June 30, 2012


Invesco Van Kampen Small Cap Growth Fund
      Class A Shares                                   Contractual          1.38%   February 12, 2010   June 30, 2012
      Class B Shares                                   Contractual          2.13%   February 12, 2010   June 30, 2012
      Class C Shares                                   Contractual          2.13%   February 12, 2010   June 30, 2012
      Class Y Shares                                   Contractual          1.13%   February 12, 2010   June 30, 2012
</TABLE>

                    AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)

<TABLE>
<CAPTION>
                                          CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF       EXPIRATION
FUND                                       VOLUNTARY     LIMITATION      CURRENT LIMIT            DATE
---------------------------------------   ------------   -----------   ------------------   -----------------
<S>                                       <C>            <C>           <C>                  <C>
Invesco Capital Development Fund
      Class A Shares                      Contractual          2.00%      July 1, 2009      February 28, 2013
      Class B Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class C Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class R Shares                      Contractual          2.25%      July 1, 2009      February 28, 2013
      Class Y Shares                      Contractual          1.75%      July 1, 2009      February 28, 2013
      Investor Class Shares               Contractual          2.00%      July 1, 2009      February 28, 2013
      Institutional Class Shares          Contractual          1.75%      July 1, 2009      February 28, 2013

Invesco Charter Fund
      Class A Shares                      Contractual          2.00%      July 1, 2009      February 28, 2013
      Class B Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class C Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class R Shares                      Contractual          2.25%      July 1, 2009      February 28, 2013
      Class S Shares                      Contractual          1.90%   September 25, 2009   February 28, 2013
      Class Y Shares                      Contractual          1.75%      July 1, 2009      February 28, 2013
      Institutional Class Shares          Contractual          1.75%      July 1, 2009      February 28, 2013

Invesco Constellation Fund
      Class A Shares                      Contractual          2.00%      July 1, 2009      February 28, 2013
      Class B Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class C Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class R Shares                      Contractual          2.25%      July 1, 2009      February 28, 2013
      Class Y Shares                      Contractual          1.75%      July 1, 2009      February 28, 2013
      Institutional Class Shares          Contractual          1.75%      July 1, 2009      February 28, 2013
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       4
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                          CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF       EXPIRATION
FUND                                       VOLUNTARY     LIMITATION      CURRENT LIMIT            DATE
---------------------------------------   ------------   -----------   ------------------   -----------------
<S>                                       <C>            <C>           <C>                  <C>
Invesco Disciplined Equity Fund
      Class Y Shares                      Contractual          1.75%     July 14, 2009      February 28, 2013

Invesco Diversified Dividend Fund
      Class A Shares                      Contractual          0.95%     July 18, 2011        June 30, 2013
      Class B Shares                      Contractual          1.70%     July 18, 2011        June 30, 2013
      Class C Shares                      Contractual          1.70%     July 18, 2011        June 30, 2013
      Class R Shares                      Contractual          1.20%     July 18, 2011        June 30, 2013
      Class Y Shares                      Contractual          0.70%     July 18, 2011        June 30, 2013
      Investor Class Shares               Contractual          0.95%     July 18, 2011        June 30, 2013
      Institutional Class Shares          Contractual          0.70%     July 18, 2011        June 30, 2013

Invesco Summit Fund
      Class A Shares                      Contractual          2.00%      July 1, 2009      February 28, 2013
      Class B Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class C Shares                      Contractual          2.75%      July 1, 2009      February 28, 2013
      Class P Shares                      Contractual          1.85%      July 1, 2009      February 28, 2013
      Class S Shares                      Contractual          1.90%   September 25, 2009   February 28, 2013
      Class Y Shares                      Contractual          1.75%      July 1, 2009      February 28, 2013
      Institutional Class Shares          Contractual          1.75%      July 1, 2009      February 28, 2013
</TABLE>

                     AIM FUNDS GROUP (INVESCO FUNDS GROUP)

<TABLE>
<CAPTION>
                                           CONTRACTUAL/     EXPENSE        EFFECTIVE DATE OF     EXPIRATION
FUND                                        VOLUNTARY     LIMITATION         CURRENT LIMIT          DATE
----------------------------------------   ------------   -----------      -----------------   --------------
<S>                                        <C>            <C>              <C>                 <C>
Invesco European Small Company Fund
      Class A Shares                       Contractual          2.25%        July 1, 2009      April 30, 2013
      Class B Shares                       Contractual          3.00%        July 1, 2009      April 30, 2013
      Class C Shares                       Contractual          3.00%        July 1, 2009      April 30, 2013
      Class Y Shares                       Contractual          2.00%        July 1, 2009      April 30, 2013

Invesco Global Core Equity Fund
      Class A Shares                       Contractual          1.25%        May 23, 2011      June 30, 2013
      Class B Shares                       Contractual          1.52%(8)     May 23, 2011      June 30, 2013
      Class C Shares                       Contractual          2.00%        May 23, 2011      June 30, 2013
      Class R Shares                       Contractual          1.50%        May 23, 2011      June 30, 2013
      Class Y Shares                       Contractual          1.00%        May 23, 2011      June 30, 2013
      Institutional Class Shares           Contractual          1.00%        May 23, 2011      June 30, 2013

Invesco International Small Company Fund
      Class A Shares                       Contractual          2.25%        July 1, 2009      April 30, 2013
      Class B Shares                       Contractual          3.00%        July 1, 2009      April 30, 2013
      Class C Shares                       Contractual          3.00%        July 1, 2009      April 30, 2013
      Class Y Shares                       Contractual          2.00%        July 1, 2009      April 30, 2013
 Institutional Class Shares                Contractual          2.00%        July 1, 2009      April 30, 2013

Invesco Small Cap Equity Fund
      Class A Shares                       Contractual          2.00%        July 1, 2009      April 30, 2013
      Class B Shares                       Contractual          2.75%        July 1, 2009      April 30, 2013
      Class C Shares                       Contractual          2.75%        July 1, 2009      April 30, 2013
      Class R Shares                       Contractual          2.25%        July 1, 2009      April 30, 2013
      Class Y Shares                       Contractual          1.75%        July 1, 2009      April 30, 2013
      Institutional Class Shares           Contractual          1.75%        July 1, 2009      April 30, 2013
</TABLE>

See page 14 for footnotes to Exhibit A

                                       5
<PAGE>

                                                           as of January 1, 2012

                   AIM GROWTH SERIES (INVESCO GROWTH SERIES)

<TABLE>
<CAPTION>
                                              CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                           VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
-------------------------------------------   ------------   -----------   ------------------   --------------
<S>                                           <C>            <C>           <C>                  <C>
Invesco Balanced-Risk Retirement 2020 Fund(2)
      Class A Shares                          Contractual          0.25%    November 4, 2009    April 30, 2013
      Class A5 Shares                         Contractual          0.25%   February 12, 2010    April 30, 2013
      Class B Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C5 Shares                         Contractual          1.00%   February 12, 2010    April 30, 2013
      Class R Shares                          Contractual          0.50%    November 4, 2009    April 30, 2013
      Class R5 Shares                         Contractual          0.50%   February 12, 2010    April 30, 2013
      Class Y Shares                          Contractual          0.00%    November 4, 2009    April 30, 2013
      Institutional Class Shares              Contractual          0.00%    November 4, 2009    April 30, 2013

Invesco Balanced-Risk Retirement 2030 Fund(3)
      Class A Shares                          Contractual          0.25%    November 4, 2009    April 30, 2013
      Class A5 Shares                         Contractual          0.25%   February 12, 2010    April 30, 2013
      Class B Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C5 Shares                         Contractual          1.00%   February 12, 2010    April 30, 2013
      Class R Shares                          Contractual          0.50%    November 4, 2009    April 30, 2013
      Class R5 Shares                         Contractual          0.50%   February 12, 2010    April 30, 2013
      Class Y Shares                          Contractual          0.00%    November 4, 2009    April 30, 2013
      Institutional Class Shares              Contractual          0.00%    November 4, 2009    April 30, 2013


Invesco Balanced-Risk Retirement 2040 Fund(4)
      Class A Shares                          Contractual          0.25%    November 4, 2009    April 30, 2013
      Class A5 Shares                         Contractual          0.25%   February 12, 2010    April 30, 2013
      Class B Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C5 Shares                         Contractual          1.00%   February 12, 2010    April 30, 2013
      Class R Shares                          Contractual          0.50%    November 4, 2009    April 30, 2013
      Class R5 Shares                         Contractual          0.50%   February 12, 2010    April 30, 2013
      Class Y Shares                          Contractual          0.00%    November 4, 2009    April 30, 2013
      Institutional Class Shares              Contractual          0.00%    November 4, 2009    April 30, 2013

Invesco Balanced-Risk Retirement 2050 Fund(5)
      Class A Shares                          Contractual          0.25%    November 4, 2009    April 30, 2013
      Class A5 Shares                         Contractual          0.25%   February 12, 2010    April 30, 2013
      Class B Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C5 Shares                         Contractual          1.00%   February 12, 2010    April 30, 2013
      Class R Shares                          Contractual          0.50%    November 4, 2009    April 30, 2013
      Class R5 Shares                         Contractual          0.50%   February 12, 2010    April 30, 2013
      Class Y Shares                          Contractual          0.00%    November 4, 2009    April 30, 2013
      Institutional Class Shares              Contractual          0.00%    November 4, 2009    April 30, 2013


Invesco Balanced-Risk Retirement Now Fund(6)
      Class A Shares                          Contractual          0.25%    November 4, 2009    April 30, 2013
      Class A5 Shares                         Contractual          0.25%   February 12, 2010    April 30, 2013
      Class B Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C Shares                          Contractual          1.00%    November 4, 2009    April 30, 2013
      Class C5 Shares                         Contractual          1.00%   February 12, 2010    April 30, 2013
      Class R Shares                          Contractual          0.50%    November 4, 2009    April 30, 2013
      Class R5 Shares                         Contractual          0.50%   February 12, 2010    April 30, 2013
      Class Y Shares                          Contractual          0.00%    November 4, 2009    April 30, 2013
      Institutional Class Shares              Contractual          0.00%    November 4, 2009    April 30, 2013
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       6

<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                              CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                           VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
-------------------------------------------   ------------   -----------   ------------------   --------------
<S>                                           <C>            <C>           <C>                  <C>
Invesco Convertible Securities Fund
      Class A Shares                          Contractual          1.11%      May 23, 2011      June 30, 2012
      Class B Shares                          Contractual          1.86%      May 23, 2011      June 30, 2012
      Class C Shares                          Contractual          1.86%      May 23, 2011      June 30, 2012
      Class Y Shares                          Contractual          0.86%      May 23, 2011      June 30, 2012
      Institutional Class Shares              Contractual          0.86%      May 23, 2011      June 30, 2012

Invesco Global Equity Fund
      Class A Shares                          Contractual          2.25%      July 1, 2009      April 30, 2013
      Class B Shares                          Contractual          3.00%      July 1, 2009      April 30, 2013
      Class C Shares                          Contractual          3.00%      July 1, 2009      April 30, 2013
      Class R Shares                          Contractual          2.50%      July 1, 2009      April 30, 2013
      Class Y Shares                          Contractual          2.00%      July 1, 2009      April 30, 2013
      Institutional Class Shares              Contractual          2.00%      July 1, 2009      April 30, 2013

Invesco Growth Allocation Fund
      Class A Shares                          Contractual          0.37%      June 6, 2011      June 30, 2012
      Class B Shares                          Contractual          1.12%      June 6, 2011      June 30, 2012
      Class C Shares                          Contractual          1.12%      June 6, 2011      June 30, 2012
      Class R Shares                          Contractual          0.62%      June 6, 2011      June 30, 2012
      Class S Shares                          Contractual          0.27%      June 6, 2011      June 30, 2012
      Class Y Shares                          Contractual          0.12%      June 6, 2011      June 30, 2012
      Institutional Class Shares              Contractual          0.12%      June 6, 2011      June 30, 2012

Invesco Income Allocation Fund
      Class A Shares                          Contractual          0.25%      May 1, 2012       April 30, 2013
      Class B Shares                          Contractual          1.00%      May 1, 2012       April 30, 2013
      Class C Shares                          Contractual          1.00%      May 1, 2012       April 30, 2013
      Class R Shares                          Contractual          0.50%      May 1, 2012       April 30, 2013
      Class Y Shares                          Contractual          0.00%      May 1, 2012       April 30, 2013
      Institutional Class Shares              Contractual          0.00%      May 1, 2012       April 30, 2013

Invesco International Allocation Fund
      Class A Shares                          Contractual          0.43%      July 1, 2009      April 30, 2012
      Class B Shares                          Contractual          1.18%      July 1, 2009      April 30, 2012
      Class C Shares                          Contractual          1.18%      July 1, 2009      April 30, 2012
      Class R Shares                          Contractual          0.68%      July 1, 2009      April 30, 2012
      Class Y Shares                          Contractual          0.18%      July 1, 2009      April 30, 2012
      Institutional Class Shares              Contractual          0.18%      July 1, 2009      April 30, 2012

Invesco Mid Cap Core Equity Fund
      Class A Shares                          Contractual          2.00%      July 1, 2009      April 30, 2013
      Class B Shares                          Contractual          2.75%      July 1, 2009      April 30, 2013
      Class C Shares                          Contractual          2.75%      July 1, 2009      April 30, 2013
      Class R Shares                          Contractual          2.25%      July 1, 2009      April 30, 2013
      Class Y Shares                          Contractual          1.75%      July 1, 2009      April 30, 2013
      Institutional Class Shares              Contractual          1.75%      July 1, 2009      April 30, 2013

Invesco Moderate Allocation Fund
      Class A Shares                          Contractual          0.37%      July 1, 2009      June 30, 2012
      Class B Shares                          Contractual          1.12%      July 1, 2009      June 30, 2012
      Class C Shares                          Contractual          1.12%      July 1, 2009      June 30, 2012
      Class R Shares                          Contractual          0.62%      July 1, 2009      June 30, 2012
      Class S Shares                          Contractual          0.27%   September 25, 2009   June 30, 2012
      Class Y Shares                          Contractual          0.12%      July 1, 2009      June 30, 2012
      Institutional Class Shares              Contractual          0.12%      July 1, 2009      June 30, 2012

Invesco Conservative Allocation Fund
      Class A Shares                          Contractual          0.39%      July 1, 2009      June 30, 2012
      Class B Shares                          Contractual          1.14%      July 1, 2009      June 30, 2012
      Class C Shares                          Contractual          1.14%      July 1, 2009      June 30, 2012
      Class R Shares                          Contractual          0.64%      July 1, 2009      June 30, 2012
      Class S Shares                          Contractual          0.29%      June 6, 2011      June 30, 2012
      Class Y Shares                          Contractual          0.14%      July 1, 2009      June 30, 2012
      Institutional Class Shares              Contractual          0.14%      July 1, 2009      June 30, 2012
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       7
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                              CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                           VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
-------------------------------------------   ------------   -----------   ------------------   --------------
<S>                                           <C>            <C>           <C>                  <C>
Invesco Small Cap Growth Fund
      Class A Shares                          Contractual          2.00%     July 1, 2009       April 30, 2013
      Class B Shares                          Contractual          2.75%     July 1, 2009       April 30, 2013
      Class C Shares                          Contractual          2.75%     July 1, 2009       April 30, 2013
      Class R Shares                          Contractual          2.25%     July 1, 2009       April 30, 2013
      Class Y Shares                          Contractual          1.75%     July 1, 2009       April 30, 2013
      Investor Class Shares                   Contractual          2.00%     July 1, 2009       April 30, 2013
      Institutional Class Shares              Contractual          1.75%     July 1, 2009       April 30, 2013

Invesco Van Kampen Leaders Fund
      Class A Shares                          Contractual          0.50%   February 12, 2010    June 30, 2012
      Class B Shares                          Contractual          1.25%   February 12, 2010    June 30, 2012
      Class C Shares                          Contractual          1.25%   February 12, 2010    June 30, 2012
      Class Y Shares                          Contractual          0.25%   February 12, 2010    June 30, 2012

Invesco Van Kampen U.S. Mortgage Fund
      Class A Shares                          Contractual          0.96%   February 12, 2010    June 30, 2012
      Class B Shares                          Contractual          1.71%   February 12, 2010    June 30, 2012
      Class C Shares                          Contractual          1.71%   February 12, 2010    June 30, 2012
      Class Y Shares                          Contractual          0.71%   February 12, 2010    June 30, 2012
      Institutional Class Shares              Contractual          0.71%   February 12, 2010    June 30, 2012
</TABLE>

      AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)

<TABLE>
<CAPTION>
                                             CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                          VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
------------------------------------------   ------------   -----------   -----------------   -----------------
<S>                                          <C>            <C>           <C>                 <C>
Invesco Asia Pacific Growth Fund
      Class A Shares                         Contractual          2.25%     July 1, 2009      February 28, 2013
      Class B Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class C Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class Y Shares                         Contractual          2.00%     July 1, 2009      February 28, 2013

Invesco European Growth Fund
      Class A Shares                         Contractual          2.25%     July 1, 2009      February 28, 2013
      Class B Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class C Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class R Shares                         Contractual          2.50%     July 1, 2009      February 28, 2013
      Class Y Shares                         Contractual          2.00%     July 1, 2009      February 28, 2013
      Investor Class Shares                  Contractual          2.25%     July 1, 2009      February 28, 2013

Invesco Global Growth Fund
      Class A Shares                         Contractual          1.32%   December 19, 2011   December 31, 2012
      Class B Shares                         Contractual          2.07%   December 19, 2011   December 31, 2012
      Class C Shares                         Contractual          2.07%   December 19, 2011   December 31, 2012
      Class Y Shares                         Contractual          1.07%   December 19, 2011   December 31, 2012
      Institutional Class Shares             Contractual          1.07%   December 19, 2011   December 31, 2012

Invesco Global Small & Mid Cap Growth Fund
      Class A Shares                         Contractual          2.25%     July 1, 2009      February 28, 2013
      Class B Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class C Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class Y Shares                         Contractual          2.00%     July 1, 2009      February 28, 2013
      Institutional Class Shares             Contractual          2.00%     July 1, 2009      February 28, 2013

Invesco International Core Equity Fund
      Class A Shares                         Contractual          2.25%     July 1, 2009      February 28, 2013
      Class B Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class C Shares                         Contractual          3.00%     July 1, 2009      February 28, 2013
      Class R Shares                         Contractual          2.50%     July 1, 2009      February 28, 2013
      Class Y Shares                         Contractual          2.00%     July 1, 2009      February 28, 2013
      Investor Class Shares                  Contractual          2.25%     July 1, 2009      February 28, 2013
      Institutional Class Shares             Contractual          2.00%     July 1, 2009      February 28, 2013
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       8
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                             CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                          VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
------------------------------------------   ------------   -----------   -----------------   -----------------
<S>                                          <C>            <C>           <C>                 <C>
Invesco International Growth Fund
      Class A Shares                         Contractual          1.40%     May 23, 2011        June 30, 2013
      Class B Shares                         Contractual          2.15%     May 23, 2011        June 30, 2013
      Class C Shares                         Contractual          2.15%     May 23, 2011        June 30, 2013
      Class R Shares                         Contractual          1.65%     May 23, 2011        June 30, 2013
      Class Y Shares                         Contractual          1.15%     May 23, 2011        June 30, 2013
      Institutional Class Shares             Contractual          1.15%     May 23, 2011        June 30, 2013
</TABLE>

                AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                                VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
------------------------------------------------   ------------   -----------   -----------------   -----------------
<S>                                                <C>            <C>           <C>                 <C>
Invesco Balanced-Risk Allocation Fund(7)
      Class A Shares                               Contractual          1.04%   November 4, 2009    February 28, 2012
      Class B Shares                               Contractual          1.79%   November 4, 2009    February 28, 2012
      Class C Shares                               Contractual          1.79%   November 4, 2009    February 28, 2012
      Class R Shares                               Contractual          1.29%   November 4, 2009    February 28, 2012
      Class Y Shares                               Contractual          0.79%   November 4, 2009    February 28, 2012
      Institutional Class Shares                   Contractual          0.79%   November 4, 2009    February 28, 2012

Invesco Balanced-Risk Commodity Strategy Fund(10)
      Class A Shares                               Contractual          1.22%   November 29, 2010   February 28, 2013
      Class B Shares                               Contractual          1.97%   November 29, 2010   February 28, 2013
      Class C Shares                               Contractual          1.97%   November 29, 2010   February 28, 2013
      Class R Shares                               Contractual          1.47%   November 29, 2010   February 28, 2013
      Class Y Shares                               Contractual          0.97%   November 29, 2010   February 28, 2013
      Institutional Class Shares                   Contractual          0.97%   November 29, 2010   February 28, 2013

Invesco China Fund
      Class A Shares                               Contractual          2.25%     July 1, 2009      February 28, 2013
      Class B Shares                               Contractual          3.00%     July 1, 2009      February 28, 2013
      Class C Shares                               Contractual          3.00%     July 1, 2009      February 28, 2013
      Class Y Shares                               Contractual          2.00%     July 1, 2009      February 28, 2013
      Institutional Class Shares                   Contractual          2.00%     July 1, 2009      February 28, 2013

Invesco Commodities Strategy Fund(11)
      Class A Shares                               Contractual          1.25%   February 12, 2010     June 30, 2012
      Class B Shares                               Contractual          2.00%   February 12, 2010     June 30, 2012
      Class C Shares                               Contractual          2.00%   February 12, 2010     June 30, 2012
      Class R Shares                               Contractual          1.50%   February 12, 2010     June 30, 2012
      Class Y Shares                               Contractual          1.00%   February 12, 2010     June 30, 2012
      Institutional Class Shares                   Contractual          1.00%   February 12, 2010     June 30, 2012

Invesco Developing Markets Fund
      Class A Shares                               Contractual          2.10%     May 23, 2011        June 30, 2012
      Class B Shares                               Contractual          2.85%     May 23, 2011        June 30, 2012
      Class C Shares                               Contractual          2.85%     May 23, 2011        June 30, 2012
      Class Y Shares                               Contractual          1.85%     May 23, 2011        June 30, 2012
      Institutional Class Shares                   Contractual          1.85%     May 23, 2011        June 30, 2012

Invesco Emerging Markets Equity Fund
      Class A Shares                               Contractual          1.85%     May 11, 2011      February 28, 2013
      Class C Shares                               Contractual          2.60%     May 11, 2011      February 28, 2013
      Class R Shares                               Contractual          2.10%     May 11, 2011      February 28, 2013
      Class Y Shares                               Contractual          1.60%     May 11, 2011      February 28, 2013
      Institutional Class Shares                   Contractual          1.60%     May 11, 2011      February 28, 2013

Invesco Emerging Market Local Currency Debt Fund
      Class A Shares                               Contractual          1.24%     June 14, 2010     February 28, 2013
      Class B Shares                               Contractual          1.99%     June 14, 2010     February 28, 2013
      Class C Shares                               Contractual          1.99%     June 14, 2010     February 28, 2013
      Class R Shares                               Contractual          1.49%     June 14, 2010     February 28, 2013
      Class Y Shares                               Contractual          0.99%     June 14, 2010     February 28, 2013
      Institutional Class Shares                   Contractual          0.99%     June 14, 2010     February 28, 2013
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       9
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                                   CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                                VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
------------------------------------------------   ------------   -----------   -----------------   -----------------
<S>                                                <C>            <C>           <C>                 <C>
Invesco Endeavor Fund
      Class A Shares                               Contractual          2.00%     July 1, 2009      February 28, 2013
      Class B Shares                               Contractual          2.75%     July 1, 2009      February 28, 2013
      Class C Shares                               Contractual          2.75%     July 1, 2009      February 28, 2013
      Class R Shares                               Contractual          2.25%     July 1, 2009      February 28, 2013
      Class Y Shares                               Contractual          1.75%     July 1, 2009      February 28, 2013
      Institutional Class Shares                   Contractual          1.75%     July 1, 2009      February 28, 2013

Invesco Global Health Care Fund
      Class A Shares                               Contractual          1.65%     May 23, 2011        June 30, 2012
      Class B Shares                               Contractual          2.40%     May 23, 2011        June 30, 2012
      Class C Shares                               Contractual          2.40%     May 23, 2011        June 30, 2012
      Class Y Shares                               Contractual          1.40%     May 23, 2011        June 30, 2012
      Investor Class Shares                        Contractual          1.65%     May 23, 2011        June 30, 2012

Invesco International Total Return Fund
      Class A Shares                               Contractual          1.10%    March 31, 2006     February 28, 2013
      Class B Shares                               Contractual          1.85%    March 31, 2006     February 28, 2013
      Class C Shares                               Contractual          1.85%    March 31, 2006     February 28, 2013
      Class Y Shares                               Contractual          0.85%    October 3, 2008    February 28, 2013
      Institutional Class Shares                   Contractual          0.85%    March 31, 2006     February 28, 2013

Invesco Pacific Growth Fund
      Class A Shares                               Contractual          1.88%   February 12, 2010     June 30, 2012
      Class B Shares                               Contractual          2.63%   February 12, 2010     June 30, 2012
      Class C Shares                               Contractual          2.63%   February 12, 2010     June 30, 2012
      Class R Shares                               Contractual          2.13%   February 12, 2010     June 30, 2012
      Class Y Shares                               Contractual          1.63%   February 12, 2010     June 30, 2012
      Institutional Class Shares                   Contractual          1.63%     May 23, 2011        June 30, 2012

Invesco Premium Income Fund
      Class A Shares                               Contractual          0.89%   December 13, 2011   February 28, 2013
      Class C Shares                               Contractual          1.64%   December 13, 2011   February 28, 2013
      Class R Shares                               Contractual          1.14%   December 13, 2011   February 28, 2013
      Class Y Shares                               Contractual          0.64%   December 13, 2011   February 28, 2013
      Institutional Class Shares                   Contractual          0.64%   December 13, 2011   February 28, 2013

Invesco Small Companies Fund
      Class A Shares                               Contractual          2.00%     July 1, 2009      February 28, 2013
      Class B Shares                               Contractual          2.75%     July 1, 2009      February 28, 2013
      Class C Shares                               Contractual          2.75%     July 1, 2009      February 28, 2013
      Class R Shares                               Contractual          2.25%     July 1, 2009      February 28, 2013
      Class Y Shares                               Contractual          1.75%     July 1, 2009      February 28, 2013
      Institutional Class Shares                   Contractual          1.75%     July 1, 2009      February 28, 2013
</TABLE>

     AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)

<TABLE>
<CAPTION>
                                          CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF    EXPIRATION
FUND                                       VOLUNTARY     LIMITATION      CURRENT LIMIT         DATE
---------------------------------------   ------------   -----------   -----------------   -------------
<S>                                       <C>            <C>           <C>                 <C>
Invesco Dynamics Fund
      Class A Shares                      Contractual          2.00%     July 1, 2009      June 30, 2012
      Class B Shares                      Contractual          2.75%     July 1, 2009      June 30, 2012
      Class C Shares                      Contractual          2.75%     July 1, 2009      June 30, 2012
      Class R Shares                      Contractual          2.25%     July 1, 2009      June 30, 2012
      Class Y Shares                      Contractual          1.75%     July 1, 2009      June 30, 2012
      Investor Class Shares               Contractual          2.00%     July 1, 2009      June 30, 2012
      Institutional Class Shares          Contractual          1.75%     July 1, 2009      June 30, 2012

Invesco Global Real Estate Fund
      Class A Shares                      Contractual          2.00%     July 1, 2009      June 30, 2012
      Class B Shares                      Contractual          2.75%     July 1, 2009      June 30, 2012
      Class C Shares                      Contractual          2.75%     July 1, 2009      June 30, 2012
      Class R Shares                      Contractual          2.25%     July 1, 2009      June 30, 2012
      Class Y Shares                      Contractual          1.75%     July 1, 2009      June 30, 2012
      Institutional Class Shares          Contractual          1.75%     July 1, 2009      June 30, 2012
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       10
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                          CONTRACTUAL/     EXPENSE        EFFECTIVE DATE OF    EXPIRATION
FUND                                       VOLUNTARY     LIMITATION         CURRENT LIMIT         DATE
---------------------------------------   ------------   -----------      -----------------   -------------
<S>                                       <C>            <C>              <C>                 <C>
Invesco High Yield Fund
      Class A Shares                      Contractual          0.89%        June 6, 2011      June 30, 2013
      Class B Shares                      Contractual          1.64%        June 6, 2011      June 30, 2013
      Class C Shares                      Contractual          1.64%        June 6, 2011      June 30, 2013
      Class Y Shares                      Contractual          0.64%        June 6, 2011      June 30, 2013
      Investor Class Shares               Contractual          0.89%        June 6, 2011      June 30, 2013
      Institutional Class Shares          Contractual          0.64%        June 6, 2011      June 30, 2013

Invesco High Yield Securities Fund
      Class A Shares                      Contractual          2.13%      February 12, 2010   June 30, 2012
      Class B Shares                      Contractual          2.63%      February 12, 2010   June 30, 2012
      Class C Shares                      Contractual          2.73%      February 12, 2010   June 30, 2012
      Class Y Shares                      Contractual          1.88%      February 12, 2010   June 30, 2012

Invesco Municipal Bond Fund
      Class A Shares                      Contractual          0.70%        July 1, 2011      June 30, 2012
      Class B Shares                      Contractual          1.45%        July 1, 2011      June 30, 2012
      Class C Shares                      Contractual          1.45%        July 1, 2011      June 30, 2012
      Class Y Shares                      Contractual          0.45%        July 1, 2011      June 30, 2012
      Investor Class Shares               Contractual          0.70%        July 1, 2011      June 30, 2012

Invesco Real Estate Fund
      Class A Shares                      Contractual          1.55%        May 23, 2011      June 30, 2012
      Class B Shares                      Contractual          2.30%        May 23, 2011      June 30, 2012
      Class C Shares                      Contractual          2.30%        May 23, 2011      June 30, 2012
      Class R Shares                      Contractual          1.80%        May 23, 2011      June 30, 2012
      Class Y Shares                      Contractual          1.30%        May 23, 2011      June 30, 2012
      Investor Class Shares               Contractual          1.55%        May 23, 2011      June 30, 2012
      Institutional Class Shares          Contractual          1.30%        May 23, 2011      June 30, 2012

Invesco Short Term Bond Fund
      Class A Shares                      Contractual          0.56%        June 6, 2011      June 30, 2013
      Class C Shares                      Contractual          0.91%(8)     March 4, 2009     June 30, 2013
      Class R Shares                      Contractual          0.91%        March 4, 2009     June 30, 2013
      Class Y Shares                      Contractual          0.41%        March 4, 2009     June 30, 2013
      Institutional Class Shares          Contractual          0.41%        March 4, 2009     June 30, 2013

Invesco U.S. Government Fund
      Class A Shares                      Contractual          1.03%        June 6, 2011      June 30, 2012
      Class B Shares                      Contractual          1.78%        June 6, 2011      June 30, 2012
      Class C Shares                      Contractual          1.78%        June 6, 2011      June 30, 2012
      Class R Shares                      Contractual          1.28%        June 6, 2011      June 30, 2012
      Class Y Shares                      Contractual          0.78%        June 6, 2011      June 30, 2012
      Investor Class Shares               Contractual          1.03%        June 6, 2011      June 30, 2012
      Institutional Class Shares          Contractual          0.78%        June 6, 2011      June 30, 2012

Invesco Van Kampen Corporate Bond Fund
      Class A Shares                      Contractual          0.95%      February 12, 2010   June 30, 2012
      Class B Shares                      Contractual          1.29%(8)     June 6, 2011      June 30, 2012
      Class C Shares                      Contractual          1.65%(8)     June 6, 2011      June 30, 2012
      Class R Shares                      Contractual          1.20%        June 6, 2011      June 30, 2012
      Class Y Shares                      Contractual          0.70%      February 12, 2010   June 30, 2012
      Institutional Class Shares          Contractual          0.70%      February 12, 2010   June 30, 2012
</TABLE>

                    AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)

<TABLE>
<CAPTION>
                                          CONTRACTUAL/     EXPENSE        EFFECTIVE DATE OF     EXPIRATION
FUND                                       VOLUNTARY     LIMITATION         CURRENT LIMIT          DATE
---------------------------------------   ------------   -----------      -----------------   ---------------
<S>                                       <C>            <C>              <C>                 <C>
Invesco Energy Fund
      Class A Shares                      Contractual          2.00%        July 1, 2009      August 31, 2012
      Class B Shares                      Contractual          2.75%        July 1, 2009      August 31, 2012
      Class C Shares                      Contractual          2.75%        July 1, 2009      August 31, 2012
      Class Y Shares                      Contractual          1.75%        July 1, 2009      August 31, 2012
      Investor Class Shares               Contractual          2.00%        July 1, 2009      August 31, 2012
      Institutional Class Shares          Contractual          1.75%        July 1, 2009      August 31, 2012
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       11
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                          CONTRACTUAL/     EXPENSE        EFFECTIVE DATE OF     EXPIRATION
FUND                                       VOLUNTARY     LIMITATION         CURRENT LIMIT          DATE
---------------------------------------   ------------   -----------      -----------------   ---------------
<S>                                       <C>            <C>              <C>                 <C>
Invesco Gold & Precious Metals Fund
      Class A Shares                      Contractual          2.00%        July 1, 2009      August 31, 2012
      Class B Shares                      Contractual          2.75%        July 1, 2009      August 31, 2012
      Class C Shares                      Contractual          2.75%        July 1, 2009      August 31, 2012
      Class Y Shares                      Contractual          1.75%        July 1, 2009      August 31, 2012
      Investor Class Shares               Contractual          2.00%        July 1, 2009      August 31, 2012

Invesco Leisure Fund
      Class A Shares                      Contractual          2.00%        July 1, 2009      August 31, 2012
      Class B Shares                      Contractual          2.75%        July 1, 2009      August 31, 2012
      Class C Shares                      Contractual          2.75%        July 1, 2009      August 31, 2012
      Class R Shares                      Contractual          2.25%        July 1, 2009      August 31, 2012
      Class Y Shares                      Contractual          1.75%        July 1, 2009      August 31, 2012
      Investor Class Shares               Contractual          2.00%        July 1, 2009      August 31, 2012

Invesco Technology Fund
      Class A Shares                      Contractual          1.76%        May 23, 2011       June 30, 2012
      Class B Shares                      Contractual          2.51%        May 23, 2011       June 30, 2012
      Class C Shares                      Contractual          2.51%        May 23, 2011       June 30, 2012
      Class Y Shares                      Contractual          1.51%        May 23, 2011       June 30, 2012
      Investor Class Shares               Contractual          1.76%        May 23, 2011       June 30, 2012
      Institutional Class Shares          Contractual          1.51%        May 23, 2011       June 30, 2012

Invesco Technology Sector Fund
      Class A Shares                      Contractual          2.00%      February 12, 2010    June 30, 2012
      Class B Shares                      Contractual          2.75%      February 12, 2010    June 30, 2012
      Class C Shares                      Contractual          2.75%      February 12, 2010    June 30, 2012
      Class Y Shares                      Contractual          1.75%      February 12, 2010    June 30, 2012

Invesco U.S. Mid Cap Value Fund
      Class A Shares                      Contractual          1.27%      February 12, 2010    June 30, 2012
      Class B Shares                      Contractual          2.02%      February 12, 2010    June 30, 2012
      Class C Shares                      Contractual          2.02%      February 12, 2010    June 30, 2012
      Class Y Shares                      Contractual          1.02%      February 12, 2010    June 30, 2012

Invesco Utilities Fund
      Class A Shares                      Contractual          1.32%        May 23, 2011       June 30, 2013
      Class B Shares                      Contractual          2.07%        May 23, 2011       June 30, 2013
      Class C Shares                      Contractual          2.07%        May 23, 2011       June 30, 2013
      Class Y Shares                      Contractual          1.07%        May 23, 2011       June 30, 2013
      Investor Class Shares               Contractual          1.32%        May 23, 2011       June 30, 2013
      Institutional Class Shares          Contractual          1.07%        May 23, 2011       June 30, 2013

Invesco Van Kampen American Value Fund
      Class A Shares                      Contractual          1.41%      February 12, 2010    June 30, 2012
      Class B Shares                      Contractual          1.65%(8)     May 23, 2011       June 30, 2012
      Class C Shares                      Contractual          2.16%      February 12, 2010    June 30, 2012
      Class R Shares                      Contractual          1.66%      February 12, 2010    June 30, 2012
      Class Y Shares                      Contractual          1.16%      February 12, 2010    June 30, 2012
      Institutional Class Shares          Contractual          1.16%      February 12, 2010    June 30, 2012

Invesco Van Kampen Comstock Fund
      Class A Shares                      Contractual          0.89%      February 12, 2010    June 30, 2012
      Class B Shares                      Contractual          1.64%      February 12, 2010    June 30, 2012
      Class C Shares                      Contractual          1.64%      February 12, 2010    June 30, 2012
      Class R Shares                      Contractual          1.14%      February 12, 2010    June 30, 2012
      Class Y Shares                      Contractual          0.64%      February 12, 2010    June 30, 2012
      Institutional Class Shares          Contractual          0.64%      February 12, 2010    June 30, 2012
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       12
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                          CONTRACTUAL/     EXPENSE        EFFECTIVE DATE OF     EXPIRATION
FUND                                       VOLUNTARY     LIMITATION         CURRENT LIMIT          DATE
---------------------------------------   ------------   -----------      -----------------   ---------------
<S>                                       <C>            <C>              <C>                 <C>
Invesco Van Kampen Mid Cap Growth Fund
      Class A Shares                      Contractual          1.40%      February 12, 2010    June 30, 2012
      Class B Shares                      Contractual          2.15%      February 12, 2010    June 30, 2012
      Class C Shares                      Contractual          2.15%      February 12, 2010    June 30, 2012
      Class R Shares                      Contractual          1.65%      February 12, 2010    June 30, 2012
      Class Y Shares                      Contractual          1.15%      February 12, 2010    June 30, 2012
      Institutional Class Shares          Contractual          1.15%      February 12, 2010    June 30, 2012

Invesco Van Kampen Small Cap Value Fund
      Class A Shares                      Contractual          1.03%        May 23, 2011       June 30, 2012
      Class B Shares                      Contractual          1.40%(8)     May 23, 2011       June 30, 2012
      Class C Shares                      Contractual          1.78%        May 23, 2011       June 30, 2012
      Class Y Shares                      Contractual          0.78%        May 23, 2011       June 30, 2012

Van Kampen Value Opportunities Fund
      Class A Shares                      Contractual          1.41%      February 12, 2010    June 30, 2012
      Class B Shares                      Contractual          2.16%      February 12, 2010    June 30, 2012
      Class C Shares                      Contractual          2.16%      February 12, 2010    June 30, 2012
      Class R Shares                      Contractual          1.66%        May 23, 2011       June 30, 2012
      Class Y Shares                      Contractual          1.16%      February 12, 2010    June 30, 2012
      Institutional Class Shares          Contractual          1.16%        May 23, 2011       June 30, 2012
</TABLE>

                AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)

<TABLE>
<CAPTION>
                                                             CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF    EXPIRATION
FUND                                                          VOLUNTARY     LIMITATION      CURRENT LIMIT         DATE
----------------------------------------------------------   ------------   -----------   -----------------   -------------
<S>                                                          <C>            <C>           <C>                 <C>
Invesco High Income Municipal Fund
      Class A Shares                                         Voluntary            0.85%     July 1, 2011          N/A(9)
      Class B Shares                                         Voluntary            1.60%     July 1, 2011          N/A(9)
      Class C Shares                                         Voluntary            1.60%     July 1, 2011          N/A(9)
      Class Y Shares                                         Voluntary            0.60%     July 1, 2011          N/A(9)
      Institutional Class Shares                             Voluntary            0.60%     July 1, 2011          N/A(9)

Invesco Van Kampen High Yield Municipal Fund
      Class A Shares                                         Contractual          0.87%   February 12, 2010   June 30, 2012
      Class B Shares                                         Contractual          1.62%   February 12, 2010   June 30, 2012
      Class C Shares                                         Contractual          1.62%   February 12, 2010   June 30, 2012
      Class Y Shares                                         Contractual          0.62%   February 12, 2010   June 30, 2012

Invesco Van Kampen Intermediate Term Municipal Income Fund
      Class A Shares                                         Contractual          0.75%     June 6, 2011      June 30, 2013
      Class B Shares                                         Contractual          1.50%     June 6, 2011      June 30, 2013
      Class C Shares                                         Contractual          1.50%     June 6, 2011      June 30, 2013
      Class Y Shares                                         Contractual          0.50%     June 6, 2011      June 30, 2013

Invesco Van Kampen Municipal Income Fund
      Class A Shares                                         Contractual          0.83%     June 6, 2011      June 30, 2013
      Class B Shares                                         Contractual          1.58%     June 6, 2011      June 30, 2013
      Class C Shares                                         Contractual          1.58%     June 6, 2011      June 30, 2013
      Class Y Shares                                         Contractual          0.58%     June 6, 2011      June 30, 2013

Invesco Van Kampen New York Tax Free Income Fund
      Class A Shares                                         Contractual          0.78%   February 12, 2010   June 30, 2012
      Class B Shares                                         Contractual          1.53%   February 12, 2010   June 30, 2012
      Class C Shares                                         Contractual          1.53%   February 12, 2010   June 30, 2012
      Class Y Shares                                         Contractual          0.53%   February 12, 2010   June 30, 2012
</TABLE>

See page 14 for footnotes to Exhibit A.

                                       13
<PAGE>
                                                           as of January 1, 2012

-----------
(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)  Following the reorganization with Van Kampen 2020 Retirement Strategy and
     Van Kampen 2025 Retirement Strategy, the Fund's contractual limit through
     at least June 30, 2012 (excluding only items included in "notwithstanding"
     sentence discussed above) will be 0.41%, 1.16%, 0.66% and 0.16% for Class
     A5, C5, R5 and Y, respectively.

(3)  Following the reorganization with Van Kampen 30 Retirement Strategy and
     Van Kampen 2035 Retirement Strategy, the Fund's contractual limit through
     at least June 30, 2012 (excluding only items included in "notwithstanding"
     sentence discussed above) will be 0.29%, 1.04%, 0.54% and 0.04% for Class
     A5, C5, R5 and Y, respectively.

(4)  Following the reorganization with Van Kampen 2040 Retirement Strategy and
     Van Kampen 2045 Retirement Strategy, the Fund's contractual limit through
     at least June 30, 2012 (excluding only items included in "notwithstanding"
     sentence discussed above) will be 0.28%, 1.03%, 0.53% and 0.03% for Class
     A5, C5, R5 and Y, respectively.

(5)  Following the reorganization with Van Kampen 50 Retirement Strategy, the
     Fund's contractual limit through at least June 30, 2012 (excluding only
     items included in "notwithstanding" sentence discussed above) will be
     0.26%, 1.01%, 0.51% and 0.01% for Class A5, C5, R5 and Y, respectively.

(6)  Following the reorganization with Van Kampen In Retirement, the Fund's
     contractual limit through at least June 30, 2012 (excluding only items
     included in "notwithstanding" sentence discussed above) will be 0.47%,
     1.22%, 0.72% and 0.22% for Class A5, C5, R5 and Y, respectively.

(7)  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund I, Ltd.

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

(9)  Invesco may establish, amend or terminate voluntary waivers at any time in
     its sole discretion after consultation with the Trust.

(10) Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund III, Ltd.

(11) Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund II, Ltd.

                                       14
<PAGE>

                                                           as of January 1, 2012

               EXHIBIT "B" - INSTITUTIONAL MONEY MARKET FUNDS(1,2)

                          SHORT-TERM INVESTMENTS TRUST

<TABLE>
<CAPTION>
                                    CONTRACTUAL/     EXPENSE         EFFECTIVE DATE OF      EXPIRATION
FUND                                 VOLUNTARY     LIMITATION          CURRENT LIMIT           DATE
---------------------------------   ------------   -----------       -----------------   -----------------
<S>                                 <C>            <C>               <C>                 <C>
Government & Agency Portfolio
      Cash Management Class         Contractual          0.22%(2)      July 1, 2009      December 31, 2012
      Corporate Class               Contractual          0.17%         July 1, 2009      December 31, 2012
      Institutional Class           Contractual          0.14%         July 1, 2009      December 31, 2012
      Personal Investment Class     Contractual          0.69%(2)      July 1, 2009      December 31, 2012
      Private Investment Class      Contractual          0.44%(2)      July 1, 2009      December 31, 2012
      Reserve Class                 Contractual          1.01%(2)      July 1, 2009      December 31, 2012
      Resource Class                Contractual          0.30%(2)      July 1, 2009      December 31, 2012

Government TaxAdvantage Portfolio
      Cash Management Class         Contractual          0.22%(2)      July 1, 2009      December 31, 2012
      Corporate Class               Contractual          0.17%         July 1, 2009      December 31, 2012
      Institutional Class           Contractual          0.14%         July 1, 2009      December 31, 2012
      Personal Investment Class     Contractual          0.69%(2)      July 1, 2009      December 31, 2012
      Private Investment Class      Contractual          0.39%(2)      July 1, 2009      December 31, 2012
      Reserve Class                 Contractual          1.01%(2)      July 1, 2009      December 31, 2012
      Resource Class                Contractual          0.30%(2)      July 1, 2009      December 31, 2012

Liquid Assets Portfolio
      Cash Management Class         Contractual          0.22%(2)      July 1, 2009      December 31, 2012
      Corporate Class               Contractual          0.17%         July 1, 2009      December 31, 2012
      Institutional Class           Contractual          0.14%         July 1, 2009      December 31, 2012
      Personal Investment Class     Contractual          0.69%(2)      July 1, 2009      December 31, 2012
      Private Investment Class      Contractual          0.44%(2)      July 1, 2009      December 31, 2012
      Reserve Class                 Contractual          1.01%(2)      July 1, 2009      December 31, 2012
      Resource Class                Contractual          0.34%         July 1, 2009      December 31, 2012

STIC Prime Portfolio
      Cash Management Class         Contractual          0.22%(2)      July 1, 2009      December 31, 2012
      Corporate Class               Contractual          0.17%         July 1, 2009      December 31, 2012
      Institutional Class           Contractual          0.14%         July 1, 2009      December 31, 2012
      Personal Investment Class     Contractual          0.69%(2)      July 1, 2009      December 31, 2012
      Private Investment Class      Contractual          0.44%(2)      July 1, 2009      December 31, 2012
      Reserve Class                 Contractual          1.01%(2)      July 1, 2009      December 31, 2012
      Resource Class                Contractual          0.30%(2)      July 1, 2009      December 31, 2012

Tax-Free Cash Reserve Portfolio(3)
      Cash Management Class         Contractual          0.33%(2)      July 1, 2009      December 31, 2012
      Corporate Class               Contractual          0.28%         July 1, 2009      December 31, 2012
      Institutional Class           Contractual          0.25%         July 1, 2009      December 31, 2012
      Personal Investment Class     Contractual          0.80%(2)      July 1, 2009      December 31, 2012
      Private Investment Class      Contractual          0.50%(2)      July 1, 2009      December 31, 2012
      Reserve Class                 Contractual          1.12%(2)      July 1, 2009      December 31, 2012
      Resource Class                Contractual          0.41%(2)      July 1, 2009      December 31, 2012

Treasury Portfolio
      Cash Management Class         Contractual          0.22%(2)      July 1, 2009      December 31, 2012
      Corporate Class               Contractual          0.17%         July 1, 2009      December 31, 2012
      Institutional Class           Contractual          0.14%         July 1, 2009      December 31, 2012
      Personal Investment Class     Contractual          0.69%(2)      July 1, 2009      December 31, 2012
      Private Investment Class      Contractual          0.44%(2)      July 1, 2009      December 31, 2012
      Reserve Class                 Contractual          1.01%(2)      July 1, 2009      December 31, 2012
      Resource Class                Contractual          0.30%(2)      July 1, 2009      December 31, 2012
</TABLE>

----------
(1)  The expense rate excluding 12b-1 fees of any class of shares established
     after the date of this Memorandum of Agreement will be the same as existing
     classes.

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

(3)  The expense limitation also excludes Trustees' fees and federal
     registration expenses.

                                       15
<PAGE>

                                                           as of January 1, 2012

                     EXHIBIT "C" - VARIABLE INSURANCE FUNDS

        AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

<TABLE>
<CAPTION>
                                             CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF     EXPIRATION
FUND                                          VOLUNTARY     LIMITATION      CURRENT LIMIT          DATE
------------------------------------------   ------------   -----------   -----------------   --------------
<S>                                          <C>            <C>           <C>                 <C>
Invesco V.I. Balanced-Risk Allocation Fund(1)

      Series I Shares                        Contractual          0.62%   January 1, 2012      June 30, 2013
      Series II Shares                       Contractual          0.87%   January 1, 2012      June 30, 2013

Invesco V.I. Basic Value Fund
      Series I Shares                        Contractual          1.30%   January 1, 2005     April 30, 2013
      Series II Shares                       Contractual          1.45%   January 1, 2005     April 30, 2013

Invesco V.I. Capital Appreciation Fund
      Series I Shares                        Contractual          1.30%   January 1, 2005     April 30, 2013
      Series II Shares                       Contractual          1.45%   January 1, 2005     April 30, 2013

Invesco V.I. Capital Development Fund
      Series I Shares                        Contractual          1.30%   January 1, 2005      June 30, 2012
      Series II Shares                       Contractual          1.45%   January 1, 2005      June 30, 2012

Invesco V.I. Core Equity Fund
      Series I Shares                        Contractual          1.30%   January 1, 2005     April 30, 2013
      Series II Shares                       Contractual          1.45%   January 1, 2005     April 30, 2013

Invesco V.I. Diversified Income Fund
      Series I Shares                        Contractual          0.75%     July 1, 2005      April 30, 2013
      Series II Shares                       Contractual          1.00%     July 1, 2005      April 30, 2013

Invesco V.I. Dividend Growth Fund
      Series I Shares                        Contractual          0.77%     July 1, 2012      April 30, 2013
      Series II Shares                       Contractual          1.02%     July 1, 2012      April 30, 2013

Invesco V.I. Global Health Care Fund
      Series I Shares                        Contractual          1.30%    April 30, 2004     April 30, 2013
      Series II Shares                       Contractual          1.45%    April 30, 2004     April 30, 2013

Invesco V.I. Global Real Estate Fund
      Series I Shares                        Contractual          1.30%    April 30, 2004     April 30, 2013
      Series II Shares                       Contractual          1.45%    April 30, 2004     April 30, 2013

Invesco V.I. Government Securities Fund
      Series I Shares                        Contractual          0.70%     July 1, 2012      April 30, 2013
      Series II Shares                       Contractual          0.95%     July 1, 2012      April 30, 2013
</TABLE>

----------
(1)  Includes waived fees or reimbursed expenses that Invesco receives from
     Invesco Cayman Commodity Fund IV, Ltd.

                                       16
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                                               CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF      EXPIRATION
FUND                                                            VOLUNTARY     LIMITATION      CURRENT LIMIT           DATE
------------------------------------------------------------   ------------   -----------   ------------------   --------------
<S>                                                            <C>            <C>           <C>                  <C>
Invesco V.I. High Yield Fund
      Series II Shares                                         Contractual          0.80%      May 2, 2011        June 30, 2013
      Series II Shares                                         Contractual          1.05%      May 2, 2011        June 30, 2013

Invesco V.I. High Yield Securities Fund
      Series I Shares                                          Contractual          1.75%   February 12, 2010     June 30, 2012
      Series II Shares                                         Contractual          2.00%   February 12, 2010     June 30, 2012

Invesco V.I. International Growth Fund
      Series I Shares                                          Contractual          1.11%      May 2, 2011        June 30, 2012
      Series II Shares                                         Contractual          1.36%      May 2, 2011        June 30, 2012

Invesco V.I. Leisure Fund
      Series I Shares                                          Contractual          1.01%     April 30, 2004      April 30, 2013
      Series II Shares                                         Contractual          1.26%     April 30, 2004      April 30, 2013

Invesco V.I. Mid Cap Core Equity Fund
      Series I Shares                                          Contractual          1.30%   September 10, 2001    April 30, 2013
      Series II Shares                                         Contractual          1.45%   September 10, 2001    April 30, 2013

Invesco V.I. Money Market Fund
      Series I Shares                                          Contractual          1.30%    January 1, 2005      April 30, 2013
      Series II Shares                                         Contractual          1.45%    January 1, 2005      April 30, 2013

Invesco V.I. S&P 500 Index Fund
      Series I Shares                                          Contractual          0.28%   February 12, 2010     June 30, 2012
      Series II Shares                                         Contractual          0.53%   February 12, 2010     June 30, 2012

Invesco V.I. Select Dimensions
Equally-Weighted S&P 500 Fund
      Series I Shares                                          Contractual          0.37%   February 12, 2010     June 30, 2012
      Series II Shares                                         Contractual          0.62%   February 12, 2010     June 30, 2012

Invesco V.I. Small Cap Equity Fund
      Series I Shares                                          Contractual          1.15%      July 1, 2005       April 30, 2013
      Series II Shares                                         Contractual          1.40%      July 1, 2005       April 30, 2013

Invesco V.I. Technology Fund
      Series I Shares                                          Contractual          1.30%     April 30, 2004      April 30, 2013
      Series II Shares                                         Contractual          1.45%     April 30, 2004      April 30, 2013

Invesco V.I. Utilities Fund
      Series I Shares                                          Contractual          0.93%   September 23, 2005    April 30, 2012
      Series II Shares                                         Contractual          1.18%   September 23, 2005    April 30, 2012

Invesco Van Kampen V.I. Capital Growth Fund
      Series I Shares                                          Contractual          0.94%      July 1, 2012       April 30, 2013
</TABLE>

                                       17
<PAGE>

                                                           as of January 1, 2012

<TABLE>
<CAPTION>
                                                               CONTRACTUAL/     EXPENSE        EFFECTIVE DATE OF      EXPIRATION
FUND                                                            VOLUNTARY     LIMITATION         CURRENT LIMIT           DATE
------------------------------------------------------------   ------------   -----------      ------------------   --------------
<S>                                                            <C>            <C>              <C>                  <C>
      Series II Shares                                         Contractual          1.19%         July 1, 2012      April 30, 2013

Invesco Van Kampen V.I. Comstock Fund
      Series I Shares                                          Contractual          0.72%         July 1, 2012      April 30, 2013
      Series II Shares                                         Contractual          0.97%         July 1, 2012      April 30, 2013

Invesco Van Kampen V.I. Equity and Income Fund
      Series I Shares                                          Contractual          0.70%       February 12, 2010    June 30, 2012
      Series II Shares                                         Contractual          0.75%(2)    February 12, 2010    June 30, 2012

Invesco Van Kampen V.I. Global Value Equity Fund
      Series I Shares                                          Contractual          0.94%          May 2, 2011       June 30, 2012
      Series II Shares                                         Contractual          1.19%          May 2, 2011       June 30, 2012

Invesco Van Kampen V.I. Growth and Income Fund
      Series I Shares                                          Contractual          0.72%         July 1, 2012      April 30, 2013
      Series II Shares                                         Contractual          0.97%         July 1, 2012      April 30, 2013

Invesco Van Kampen V.I. Mid Cap Growth Fund
      Series I Shares                                          Contractual          1.01%       February 12, 2010    June 30, 2012
      Series II Shares                                         Contractual          1.26%       February 12, 2010    June 30, 2012

Invesco Van Kampen V.I. Mid Cap Value Fund
      Series I Shares                                          Contractual          1.18%       February 12, 2010    June 30, 2012
      Series II Shares                                         Contractual          1.28%(2)    February 12, 2010    June 30, 2012
</TABLE>

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

                                       18
<PAGE>

                                                           as of January 1, 2012

                        EXHIBIT "D" - CLOSED-END FUNDS(1)

               INVESCO CALIFORNIA INSURED MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                                    CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF    EXPIRATION
FUND                                                 VOLUNTARY     LIMITATION      CURRENT LIMIT         DATE
-------------------------------------------------   ------------   -----------   -----------------   -------------
<S>                                                 <C>            <C>           <C>                 <C>
Invesco California Insured Municipal Income Trust   Contractual          0.67%   June 1, 2010        June 30, 2012
</TABLE>

                INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES

<TABLE>
<CAPTION>
                                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                               VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
-----------------------------------------------   ------------   -----------   -----------------   ----------
<S>                                               <C>            <C>           <C>                 <C>
Invesco California Quality Municipal Securities   Contractual          0.70%   June 1, 2010        June 30, 2012
</TABLE>

                   INVESCO HIGH YIELD INVESTMENTS FUND, INC.
<TABLE>
<CAPTION>
                                            CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                         VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
-----------------------------------------   ------------   -----------   -----------------   ----------
<S>                                         <C>            <C>           <C>                 <C>
Invesco High Yield Investments Fund, Inc.   Contractual          0.98%   June 1, 2010        June 30, 2012
</TABLE>

                INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
<TABLE>
<CAPTION>
                                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                               VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
-----------------------------------------------   ------------   -----------   -----------------   ----------
<S>                                               <C>            <C>           <C>                 <C>
Invesco Insured California Municipal Securities   Contractual          0.70%   June 1, 2010        June 30, 2012
</TABLE>

                      INVESCO INSURED MUNICIPAL BOND TRUST
<TABLE>
<CAPTION>
                                       CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                    VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
------------------------------------   ------------   -----------   -----------------   ----------
<S>                                    <C>            <C>           <C>                 <C>
Invesco Insured Municipal Bond Trust   Contractual          1.00%   June 1, 2010        June 30, 2012
</TABLE>

                     INVESCO INSURED MUNICIPAL INCOME TRUST
<TABLE>
<CAPTION>
                                         CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                      VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
--------------------------------------   ------------   -----------   -----------------   ----------
<S>                                      <C>            <C>           <C>                 <C>
Invesco Insured Municipal Income Trust   Contractual          0.64%   June 1, 2010        June 30, 2012
</TABLE>

                      INVESCO INSURED MUNICIPAL SECURITIES
<TABLE>
<CAPTION>
                                       CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                    VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
------------------------------------   ------------   -----------   -----------------   ----------
<S>                                    <C>            <C>           <C>                 <C>
Invesco Insured Municipal Securities   Contractual          0.54%   June 1, 2010        June 30, 2012
</TABLE>

                                       19
<PAGE>

                                                           as of January 1, 2012

                        INVESCO INSURED MUNICIPAL TRUST
<TABLE>
<CAPTION>
                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                               VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
-------------------------------   ------------   -----------   -----------------   ----------
<S>                               <C>            <C>           <C>                 <C>
Invesco Insured Municipal Trust   Contractual          0.66%   June 1, 2010        June 30, 2012
</TABLE>

                  INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
<TABLE>
<CAPTION>
                                               CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                            VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
--------------------------------------------   ------------   -----------   -----------------   ----------
<S>                                            <C>            <C>           <C>                 <C>
Invesco Municipal Income Opportunities Trust   Contractual          0.73%   June 1, 2010        June 30, 2012
</TABLE>

                INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
<TABLE>
<CAPTION>
                                                  CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                               VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
-----------------------------------------------   ------------   -----------   -----------------   ----------
<S>                                               <C>            <C>           <C>                 <C>
Invesco Municipal Income Opportunities Trust II   Contractual          0.73%   June 1, 2010        June 30, 2012
</TABLE>

                INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
<TABLE>
<CAPTION>
                                                   CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF    EXPIRATION
FUND                                                VOLUNTARY     LIMITATION      CURRENT LIMIT         DATE
------------------------------------------------   ------------   -----------   -----------------   -------------
<S>                                                <C>            <C>           <C>                 <C>
Invesco Municipal Income Opportunities Trust III   Contractual          0.84%   June 1, 2010        June 30, 2012
</TABLE>

                     INVESCO MUNICIPAL PREMIUM INCOME TRUST
<TABLE>
<CAPTION>
                                         CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                      VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
--------------------------------------   ------------   -----------   -----------------   ----------
<S>                                      <C>            <C>           <C>                 <C>
Invesco Municipal Premium Income Trust   Contractual          1.03%   June 1, 2010        June 30, 2012
</TABLE>

                 INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
<TABLE>
<CAPTION>
                                                CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                             VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
---------------------------------------------   ------------   -----------   -----------------   ----------
<S>                                             <C>            <C>           <C>                 <C>
Invesco New York Quality Municipal Securities   Contractual          0.80%   June 1, 2010        June 30, 2012
</TABLE>

                           INVESCO PRIME INCOME TRUST

<TABLE>
<CAPTION>
                             CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                          VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
--------------------------   ------------   -----------   -----------------   ----------
<S>                          <C>            <C>           <C>                 <C>
Invesco Prime Income Trust   Contractual          1.32%   June 1, 2010        June 30, 2012
</TABLE>

                                       20
<PAGE>

                                                           as of January 1, 2012

                     INVESCO QUALITY MUNICIPAL INCOME TRUST

<TABLE>
<CAPTION>
                                         CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF   EXPIRATION
FUND                                      VOLUNTARY     LIMITATION      CURRENT LIMIT        DATE
--------------------------------------   ------------   -----------   -----------------   ----------
<S>                                      <C>            <C>           <C>                 <C>
Invesco Quality Municipal Income Trust   Contractual          0.70%   June 1, 2010        June 30, 2012
</TABLE>

                   INVESCO QUALITY MUNICIPAL INVESTMENT TRUST

<TABLE>
<CAPTION>
                                             CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF    EXPIRATION
FUND                                          VOLUNTARY     LIMITATION      CURRENT LIMIT         DATE
------------------------------------------   ------------   -----------   -----------------   -------------
<S>                                          <C>            <C>           <C>                 <C>
Invesco Quality Municipal Investment Trust   Contractual       0.70%        June 1, 2010      June 30, 2012
</TABLE>

                      INVESCO QUALITY MUNICIPAL SECURITIES

<TABLE>
<CAPTION>
                                             CONTRACTUAL/     EXPENSE     EFFECTIVE DATE OF    EXPIRATION
FUND                                          VOLUNTARY     LIMITATION      CURRENT LIMIT         DATE
------------------------------------------   ------------   -----------   -----------------   -------------
<S>                                          <C>            <C>           <C>                 <C>
Invesco Quality Municipal Securities         Contractual          0.66%   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.

                                       21
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>5
<FILENAME>h8636077q1e2.txt
<DESCRIPTION>EX-77Q1E2
<TEXT>
<PAGE>
                                                                Sub-Item 77Q1(e)

                            MEMORANDUM OF AGREEMENT
                             (ADVISORY FEE WAIVERS)

     This Memorandum of Agreement is entered into as of the effective date on
the attached Exhibit A and B (each an "Exhibit" or, collectively the
"Exhibits"), between AIM Counselor Series Trust (Invesco Counselor Series
Trust), AIM Equity Funds (Invesco Equity Funds), AIM Funds Group (Invesco Funds
Group), AIM Growth Series (Invesco Growth Series), AIM International Mutual
Funds (Invesco International Mutual Funds), AIM Investment Funds (Invesco
Investment Funds), AIM Investment Securities Funds (Invesco Investment
Securities Funds), AIM Sector Funds (Invesco Sector Funds), AIM Tax-Exempt Funds
(Invesco Tax-Exempt Funds), AIM Treasurer's Series Trust (Invesco Treasurer's
Series Trust), AIM Variable Insurance Funds (Invesco Variable Insurance Funds),
Invesco California Insured Municipal Income Trust, Invesco California Quality
Municipal Securities, Invesco High Yield Fund, Inc., Invesco Insured California
Municipal Securities, Invesco Insured Municipal Bond Trust, Invesco Insured
Municipal Income Trust, Invesco Insured Municipal Securities, Invesco Insured
Municipal Trust, Invesco Municipal Income Opportunities Trust, Invesco Municipal
Income Opportunities Trust II, Invesco Municipal Income Opportunities Trust III,
Invesco Municipal Premium Income Trust, Invesco New York Quality Municipal
Securities, Invesco Prime Income Trust, Invesco Quality Municipal Income Trust,
Invesco Quality Municipal Investment Trust, Invesco Quality Municipal Securities
and Short-Term Investments Trust (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 of the Funds, on behalf of their respective
classes as applicable, severally and not jointly, as indicated in the Exhibits.

     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 that until at least
the expiration date set forth on Exhibit A (the "Expiration Date") and with
respect to those Funds listed on the Exhibit, Invesco will waive its advisory
fees at the rate set forth on the 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 Aim agree as follows:

     1.   Each Trust, for itself and its Funds, and Invesco agree that until
          the expiration date, if any, of the commitment set forth on the
          attached Exhibit B occurs, as such Exhibit B is amended from time to
          time, Invesco will waive advisory fees payable by an Investing Trust
          in an amount equal to 100% of the net advisory fee Invesco receives on
          the Uninvested Cash (defined below) from the Affiliated Money Market
          Fund (defined below) in which the Investing Trust invests (the
          "Waiver").

          i.    Invesco's Fund Accounting Group will calculate, and apply, the
                Waiver monthly, based upon the average investment of Uninvested
                Cash made by the Investing Trust during the previous month in an
                Affiliated Money Market Fund.

          ii.   The Waiver will not apply to those investing Trusts that do not
                charge an advisory fee, either due to the terms of their
                advisory agreement, or as a result of contractual or voluntary
                fee waivers.

          iii.  The Waiver will not apply to cash collateral for securities
                lending.

          For purposes of the paragraph above, the following terms shall have
          the following meanings:

          (a) "Affiliated Money Market Fund" - any existing or future Trust that
          holds itself out as a money market fund and complies with Rule 2a-7
          under the Investment Company Act of 1940, as amended; and

          (b) "Uninvested Cash" - cash available and uninvested by a Trust that
          may result from a variety of sources, including dividends or interest
          received on portfolio securities,

<PAGE>

          unsettled securities transactions, strategic reserves, matured
          investments, proceeds from liquidation of investment securities,
          dividend payments, or new investor capital.

     2.   Neither a Trust nor Invesco may remove or amend the Waiver to a
          Trust's detriment prior to requesting and receiving the approval of
          the Board of Trustee of the applicable Fund's Trust to remove or amend
          such Waiver. Invesco will not have any right to reimbursement of any
          amount so waived.

     The Boards of Trustees 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.

     Subject to the foregoing paragraphs, each of the Trusts and Invesco agree
to review the then-current waivers for each class of the Funds listed on the
Exhibits on a date prior to the Expiration Date to determine whether such
waivers should be amended, continued or terminated. The waivers 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 the Trusts 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 the Funds, 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 each Trust, and this Memorandum of Agreement has
been executed and delivered by an authorized officer of each Trust 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.

     IN WITNESS WHEREOF, each of the Trusts, on behalf of itself and its Funds
listed in Exhibit A and B to this Memorandum of Agreement, and Invesco have
entered into this Memorandum of Agreement as of the Effective Date on the
attached Exhibits.

        AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
        AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
        AIM FUNDS GROUP (INVESCO FUNDS GROUP)
        AIM GROWTH SERIES (INVESCO GROWTH SERIES)
        AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
        AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
        AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
        AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
        AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
        AIM TREASURER'S SERIES TRUST (INVESCO TREASURER'S SERIES TRUST)
        AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
        INVESCO CALIFORNIA INSURED MUNICIPAL INCOME TRUST
        INVESCO CALIFORNIA QUALITY MUNICIPAL SECURITIES
        INVESCO HIGH YIELD FUND, INC.
        INVESCO INSURED CALIFORNIA MUNICIPAL SECURITIES
        INVESCO INSURED MUNICIPAL BOND TRUST
        INVESCO INSURED MUNICIPAL INCOME TRUST
        INVESCO INSURED MUNICIPAL SECURITIES
        INVESCO INSURED MUNICIPAL TRUST
        INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST
        INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST II
        INVESCO MUNICIPAL INCOME OPPORTUNITIES TRUST III
        INVESCO MUNICIPAL PREMIUM INCOME TRUST
        INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES
        INVESCO PRIME INCOME TRUST
        INVESCO QUALITY MUNICIPAL INCOME TRUST
        INVESCO QUALITY MUNICIPAL INVESTMENT TRUST

<PAGE>

        INVESCO QUALITY MUNICIPAL SECURITIES
        SHORT-TERM INVESTMENTS TRUST
        on behalf of the Funds listed in the Exhibit
        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
<PAGE>

                         EXHIBIT A TO ADVISORY FEE MOA

<TABLE>
<CAPTION>
    AIM EQUITY FUNDS
    (INVESCO EQUITY                                                                                                     EXPIRATION
         FUNDS)                                       WAIVER DESCRIPTION                             EFFECTIVE DATE        DATE
------------------------        --------------------------------------------------------------       ---------------    ------------
<S>                             <C>                                                                  <C>                <C>
Invesco                         Invesco will waive advisory fees to the                                 3/27/2006        12/31/2012
Constellation Fund              extent necessary so that advisory
                                fees Invesco receives do not exceed the
                                annualized rates listed below.
                                0.695% of the first $250M
                                0.615% of the next $4B
                                0.595% of the next $750M
                                0.57% of the next $2.5B
                                0.545% of the next $2.5B
                                0.52% of the excess over $10B

     AIM TAX-EXEMPT
  FUNDS (INVESCO TAX-                                                                                                    EXPIRATION
     EXEMPT FUNDS)                                    WAIVER DESCRIPTION                             EFFECTIVE DATE         DATE
------------------------        --------------------------------------------------------------       ---------------    ------------
Invesco Van Kampen              Invesco will waive advisory fees in the amount of 0.10% of the          2/12/2010        6/30/2012
Intermediate Term               Fund's average daily net assets
Municipal Income
Fund

Invesco Van Kampen              Invesco will waive advisory fees in the amount of 0.25% of the          2/12/2010        6/30/2012
New York Tax Free               Fund's average daily net assets
Income Fund

    AIM TREASURER'S
      SERIES TRUST
  (INVESCO TREASURER'S                                                                                                   EXPIRATION
     SERIES TRUST)                                    WAIVER DESCRIPTION                             EFFECTIVE DATE         DATE
------------------------        --------------------------------------------------------------       ---------------    ------------
Premier Portfolio               Invesco will waive advisory fees in the amount of 0.07% of the          2/1/2011         12/31/2012
                                Fund's average daily net assets

Premier U.S.                    Invesco will waive advisory fees in the amount of 0.07% of the          2/1/2011         12/31/2012
Government Money                Fund's average daily net assets
Portfolio
</TABLE>
<PAGE>

                                  EXHIBIT "B"

          AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)

<TABLE>
<CAPTION>
PORTFOLIO                                                EFFECTIVE DATE      COMMITTED UNTIL
-----------------------------------------------------  ------------------    ---------------
<S>                                                    <C>                   <C>
Invesco California Tax-Free Income Fund                 February 12, 2010     June 30, 2012
Invesco Core Plus Bond Fund                               June 2, 2009        June 30, 2012
Invesco Equally-Weighted S&P 500 Fund                   February 12, 2010     June 30, 2012
Invesco Floating Rate Fund                                July 1, 2007        June 30, 2012
Invesco S&P 500 Index Fund                              February 12, 2010     June 30, 2012
Invesco Select Real Estate Income Fund                    July 1, 2007        June 30, 2012
Invesco Structured Core Fund                              July 1, 2007        June 30, 2012
Invesco Van Kampen American Franchise Fund              February 12, 2010     June 30, 2012
Invesco Van Kampen Equity and Income Fund               February 12, 2010     June 30, 2012
Invesco Van Kampen Growth and Income Fund               February 12, 2010     June 30, 2012
Invesco Van Kampen Pennsylvania Tax Free Income Fund    February 12, 2010     June 30, 2012
Invesco Van Kampen Small Cap Growth Fund                February 12, 2010     June 30, 2012
</TABLE>

                    AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)

<TABLE>
<CAPTION>
PORTFOLIO                                                 EFFECTIVE DATE      COMMITTED UNTIL
-----------------------------------                     ------------------    ---------------
<S>                                                     <C>                   <C>
Invesco Capital Development Fund                           July 1, 2007        June 30, 2012
Invesco Charter Fund                                       July 1, 2007        June 30, 2012
Invesco Constellation Fund                                 July 1, 2007        June 30, 2012
Invesco Disciplined Equity Fund                           July 14, 2009        June 30, 2012
Invesco Diversified Dividend Fund                          July 1, 2007        June 30, 2012
Invesco Summit Fund                                        July 1, 2007        June 30, 2012
</TABLE>

                     AIM FUNDS GROUP (INVESCO FUNDS GROUP)

<TABLE>
<CAPTION>
FUND                                                      EFFECTIVE DATE      COMMITTED UNTIL
-----------------------------------------               ------------------    ---------------
<S>                                                     <C>                   <C>
Invesco European Small Company Fund                        July 1, 2007        June 30, 2012
Invesco Global Core Equity Fund                            July 1, 2007        June 30, 2012
Invesco International Small Company Fund                   July 1, 2007        June 30, 2012
Invesco Small Cap Equity Fund                              July 1, 2007        June 30, 2012
</TABLE>

                   AIM GROWTH SERIES (INVESCO GROWTH SERIES)

<TABLE>
<CAPTION>
FUND                                                      EFFECTIVE DATE      COMMITTED UNTIL
---------------------------------------                 ------------------    ---------------
<S>                                                     <C>                   <C>
Invesco Convertible Securities Fund                     February 12, 2010      June 30, 2012
Invesco Global Equity Fund                                 July 1, 2007        June 30, 2012
Invesco Mid Cap Core Equity Fund                           July 1, 2007        June 30, 2012
Invesco Small Cap Growth Fund                              July 1, 2007        June 30, 2012
Invesco Van Kampen Leaders Fund                         February 12, 2010      June 30, 2012
Invesco Van Kampen U.S. Mortgage Fund                   February 12, 2010      June 30, 2012
</TABLE>
<PAGE>

      AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
-----------------------------------------------         -----------------    ---------------
<S>                                                     <C>                  <C>
Invesco Asia Pacific Growth Fund                          July 1, 2007        June 30, 2012
Invesco European Growth Fund                              July 1, 2007        June 30, 2012
Invesco Global Growth Fund                                July 1, 2007        June 30, 2012
Invesco Global Small & Mid Cap Growth Fund                July 1, 2007        June 30, 2012
Invesco International Growth Fund                         July 1, 2007        June 30, 2012
Invesco International Core Equity Fund                    July 1, 2007        June 30, 2012
</TABLE>

                AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
---------------------------------------------------     -----------------    ---------------
<S>                                                     <C>                  <C>
Invesco Balanced-Risk Allocation Fund*                    May 29, 2009        June 30, 2012
Invesco Balanced-Risk Commodity Strategy Fund**         November 29, 2010     June 30, 2012
Invesco China Fund                                        July 1, 2007        June 30, 2012
Invesco Commodities Strategy Fund***                    February 12, 2010     June 30, 2012
Invesco Developing Markets Fund                           July 1, 2007        June 30, 2012
Invesco Emerging Markets Equity Fund                      May 11, 2011        June 30, 2012
Invesco Emerging Market Local Currency Debt Fund          June 14, 2010       June 30, 2012
Invesco Endeavor Fund                                     July 1, 2007        June 30, 2012
Invesco Global Advantage Fund                           February 12, 2010     June 30, 2012
Invesco Global Health Care Fund                           July 1, 2007        June 30, 2012
Invesco International Total Return Fund                   July 1, 2007        June 30, 2012
Invesco Pacific Growth Fund                             February 12, 2010     June 30, 2012
Invesco Premium Income Fund                             December 13, 2011     June 30, 2012
Invesco Small Companies Fund                              July 1, 2007        June 30, 2012
</TABLE>

     AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
----------------------------------------------          -----------------    ---------------
<S>                                                     <C>                  <C>
Invesco Dynamics Fund                                     July 1, 2007        June 30, 2012
Invesco Global Real Estate Fund                           July 1, 2007        June 30, 2012
Invesco High Yield Fund                                   July 1, 2007        June 30, 2012
Invesco High Yield Securities Fund                      February 12, 2010     June 30, 2012
Invesco Limited Maturity Treasury Fund                    July 1, 2007        June 30, 2012
Invesco Money Market Fund                                 July 1, 2007        June 30, 2012
Invesco Municipal Bond Fund                               July 1, 2007        June 30, 2012
Invesco Real Estate Fund                                  July 1, 2007        June 30, 2012
Invesco Short Term Bond Fund                              July 1, 2007        June 30, 2012
Invesco U.S. Government Fund                              July 1, 2007        June 30, 2012
Invesco Van Kampen Corporate Bond Fund                  February 12, 2010     June 30, 2012
</TABLE>

----------
*    Advisory fees to be waived by Invesco for Invesco Balanced-Risk Allocation
     Fund also include advisory fees that Invesco receives on the Uninvested
     Cash from the Affiliated Money Market Fund in which Invesco Cayman
     Commodity Fund I, Ltd. invests.

**   Advisory fees to be waived by Invesco for Invesco Balanced-Risk Commodity
     Strategy Fund also include advisory fees that Invesco receives on the
     Uninvested Cash from the Affiliated Money Market Fund in which Invesco
     Cayman Commodity Fund III, Ltd. invests.

***  Advisory fees to be waived by Invesco for Invesco Commodities Strategy Fund
     also include advisory fees that Invesco receives on the Uninvested Cash
     from the Affiliated Money Market Fund in which Invesco Cayman Commodity
     Fund II, Ltd. Invests.

<PAGE>
                                                                Sub-Item 77Q1(e)

                    AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
------------------------------------------------        -----------------    ---------------
<S>                                                     <C>                  <C>
Invesco Energy Fund                                       July 1, 2007        June 30, 2012
Invesco Gold & Precious Metals Fund                       July 1, 2007        June 30, 2012
Invesco Leisure Fund                                      July 1, 2007        June 30, 2012
Invesco Technology Fund                                   July 1, 2007        June 30, 2012
Invesco Technology Sector Fund                          February 12, 2010     June 30, 2012
Invesco U.S. Mid Cap Value Fund                         February 12, 2010     June 30, 2012
Invesco Utilities Fund                                    July 1, 2007        June 30, 2012
Invesco Value Fund                                      February 12, 2010     June 30, 2012
Invesco Van Kampen American Value Fund                  February 12, 2010     June 30, 2012
Invesco Van Kampen Comstock Fund                        February 12, 2010     June 30, 2012
Invesco Van Kampen Mid Cap Growth Fund                  February 12, 2010     June 30, 2012
Invesco Van Kampen Small Cap Value Fund                 February 12, 2010     June 30, 2012
Invesco Van Kampen Value Opportunities Fund             February 12, 2010     June 30, 2012
</TABLE>

                AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
------------------------------------------------        -----------------    ---------------
<S>                                                     <C>                  <C>
Invesco High Income Municipal Fund                        July 1, 2007        June 30, 2012
Invesco Tax-Exempt Cash Fund                              July 1, 2007        June 30, 2012
Invesco Tax-Free Intermediate Fund                        July 1, 2007        June 30, 2012
Invesco Van Kampen High Yield Municipal Fund            February 12, 2010     June 30, 2012
Invesco Van Kampen Intermediate Term Municipal
  Income Fund                                           February 12, 2010     June 30, 2012
Invesco Van Kampen Municipal Income Fund                February 12, 2010     June 30, 2012
</TABLE>


        AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
------------------------------------------------        -----------------    ---------------
<S>                                                     <C>                  <C>
Invesco V.I. Balanced-Risk Allocation Fund****          December 22, 2010     June 30, 2012
Invesco V.I. Basic Value Fund                             July 1, 2007        June 30, 2012
Invesco V.I. Capital Appreciation Fund                    July 1, 2007        June 30, 2012
Invesco V.I. Capital Development Fund                     July 1, 2007        June 30, 2012
Invesco V.I. Core Equity Fund                             July 1, 2007        June 30, 2012
Invesco V.I. Diversified Income Fund                      July 1, 2007        June 30, 2012
Invesco V.I. Dividend Growth Fund                       February 12, 2010     June 30, 2012
Invesco V.I. Global Health Care Fund                      July 1, 2007        June 30, 2012
Invesco V.I. Global Real Estate Fund                      July 1, 2007        June 30, 2012
Invesco V.I. Government Securities Fund                   July 1, 2007        June 30, 2012
Invesco V.I. High Yield Fund                              July 1, 2007        June 30, 2012
Invesco V.I. High Yield Securities Fund                 February 12, 2010     June 30, 2012
Invesco V.I. International Growth Fund                    July 1, 2007        June 30, 2012
Invesco V.I. Leisure Fund                                 July 1, 2007        June 30, 2012
Invesco V.I. Mid Cap Core Equity Fund                     July 1, 2007        June 30, 2012
Invesco V.I. Money Market Fund                            July 1, 2007        June 30, 2012
Invesco V.I. S&P 500 Index Fund                         February 12, 2010     June 30, 2012
Invesco V.I. Select Dimensions Equally-Weighted
  S&P 500 Fund                                          February 12, 2010     June 30, 2012
Invesco V.I. Small Cap Equity Fund                        July 1, 2007        June 30, 2012
Invesco V.I. Technology Fund                              July 1, 2007        June 30, 2012
Invesco V.I. Utilities Fund                               July 1, 2007        June 30, 2012
</TABLE>

---------
**** Advisory fees to be waived by Invesco for Invesco V.I. Balanced-Risk
     Allocation Fund also include an amount equal to advisory fees that Invesco
     receives from any money market fund or similarly pooled cash equivalent
     investment vehicle advised by Invesco and/or Invesco's affiliates in which
     Invesco Cayman Commodity Fund IV, Ltd. invests.
<PAGE>

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
--------------------------------------------------      -----------------    ---------------
<S>                                                     <C>                   <C>
Invesco Van Kampen V.I. Capital Growth Fund             February 12, 2010     June 30, 2012
Invesco Van Kampen V.I. Comstock Fund                   February 12, 2010     June 30, 2012
Invesco Van Kampen V.I. Equity and Income Fund          February 12, 2010     June 30, 2012
Invesco Van Kampen V.I. Global Value Equity Fund        February 12, 2010     June 30, 2012
Invesco Van Kampen V.I. Growth and Income Fund          February 12, 2010     June 30, 2012
Invesco Van Kampen V.I. Mid Cap Growth Fund             February 12, 2010     June 30, 2012
Invesco Van Kampen V.I. Mid Cap Value Fund              February 12, 2010     June 30, 2012
</TABLE>

                          SHORT-TERM INVESTMENTS TRUST

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
----------------------------------------------          -----------------    ---------------
<S>                                                     <C>                  <C>
Government TaxAdvantage Portfolio                         July 1, 2007        June 30, 2012
STIC Prime Portfolio                                      July 1, 2007        June 30, 2012
Treasury Portfolio                                        July 1, 2007        June 30, 2012
</TABLE>

                                CLOSED-END FUNDS

<TABLE>
<CAPTION>
FUND                                                     EFFECTIVE DATE      COMMITTED UNTIL
-----------------------------------------------------   -----------------    ---------------
<S>                                                     <C>                  <C>
Invesco California Insured Municipal Income Trust         June 1, 2010        June 30, 2012
Invesco California Quality Municipal Securities           June 1, 2010        June 30, 2012
Invesco High Yield Fund, Inc.                             June 1, 2010        June 30, 2012
Invesco Insured California Municipal Securities           June 1, 2010        June 30, 2012
Invesco Insured Municipal Bond Trust                      June 1, 2010        June 30, 2012
Invesco Insured Municipal Income Trust                    June 1, 2010        June 30, 2012
Invesco Insured Municipal Securities                      June 1, 2010        June 30, 2012
Invesco Insured Municipal Trust                           June 1, 2010        June 30, 2012
Invesco Municipal Income Opportunities Trust              June 1, 2010        June 30, 2012
Invesco Municipal Income Opportunities Trust II           June 1, 2010        June 30, 2012
Invesco Municipal Income Opportunities Trust III          June 1, 2010        June 30, 2012
Invesco Municipal Premium Income Trust                    June 1, 2010        June 30, 2012
Invesco New York Quality Municipal Securities             June 1, 2010        June 30, 2012
Invesco Prime Income Trust                                June 1, 2010        June 30, 2012
Invesco Quality Municipal Income Trust                    June 1, 2010        June 30, 2012
Invesco Quality Municipal Investment Trust                June 1, 2010        June 30, 2012
Invesco Quality Municipal Securities                      June 1, 2010        June 30, 2012
</TABLE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>6
<FILENAME>h8636077q1e3.txt
<DESCRIPTION>EX-77Q1E3
<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.

<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
(SEAL)                            Title: Senior Vice President

Attest:                           INVESCO ADVISERS, INC.

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

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q1 OTHR EXHB
<SEQUENCE>7
<FILENAME>h8636077q1e4.txt
<DESCRIPTION>EX-77Q1E4
<TEXT>
<PAGE>
                                                                Sub-Item 77Q1(e)

                                AMENDMENT NO. 1
                                       TO
                             SUB-ADVISORY CONTRACT

     This Amendment dated as of January 23, 2012, amends the Sub-Advisory
Contract (the "Contract"), dated June 1, 2010, by and among Invesco Advisers,
Inc. (the "Adviser") and each of Invesco Asset Management Deutschland GmbH;
Invesco Asset Management Limited; Invesco Asset Management (Japan) Limited;
Invesco Australia Limited; Invesco Hong Kong Limited; Invesco Senior Secured
Management, Inc. and Invesco Canada Ltd. (each a "Sub-Adviser" and,
collectively, the "Sub-Advisers").

     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.  Exhibit I to the Contract is hereby deleted in its entirety and
replaced with the following:

                                   "EXHIBIT I

                                     FUNDS

Invesco California Insured Municipal Income Trust
Invesco California Quality Municipal Securities
Invesco Insured California Municipal Securities
Invesco Insured Municipal Bond Trust
Invesco Insured Municipal Income Trust
Invesco Insured Municipal Securities
Invesco Insured Municipal Trust
Invesco Municipal Income Opportunities Trust
Invesco Municipal Income Opportunities Trust II
Invesco Municipal Income Opportunities Trust III
Invesco Municipal Premium Income Trust
Invesco New York Quality Municipal Securities
Invesco Prime Income Trust
Invesco Quality Municipal Income Trust
Invesco Quality Municipal Investment Trust
Invesco Quality Municipal Securities"
<PAGE>

                                   EXHIBIT II

                           ADDRESSES OF SUB-ADVISERS

Invesco Asset Management Deutschland GmbH
An der Welle 5, 1st Floor
Frankfurt, Germany 60322

Invesco Asset Management Limited
30 Finsbury Square
London, United Kingdom
EC2A 1AG
ENGLAND

Invesco Asset Management (Japan) Limited
25th Floor, Shiroyama Trust Tower
3-1, Toranoman 4-chome, Minato-Ku
Tokyo, Japan 105-6025

Invesco Australia Limited
333 Collins Street, Level 26
Melbourne Victoria 3000, Australia

Invesco Hong Kong Limited
32nd Floor
Three Pacific Place
1 Queen's Road East
Hong Kong

Invesco Senior Secured Management, Inc.
1166 Avenue of the Americas, 27th Floor
New York, NY 10036
USA

Invesco Canada Ltd.
5140 Yonge Street
Suite 900
Toronto, ON, M2N 6X7

                                       2
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Contract to be
executed by their officers designated as of the day and year first above
written.

                                           INVESCO ADVISERS, INC.

                                           Adviser

                                           BY:    /s/ Todd L. Spillane
                                                  ----------------------------
                                           NAME:  Todd L. Spillane
                                           TITLE: Senior Vice President

                                       3
<PAGE>

INVESCO ASSET MANAGEMENT                 INVESCO ASSET MANAGEMENT
DEUTSCHLAND GMBH                         LIMITED

Sub-Adviser                              Sub-Adviser

By: _________________________________    By: ___________________________________

Name: _______________________________    Name: _________________________________

Title: ______________________________    Title: ________________________________

INVESCO ASSET MANAGEMENT (JAPAN)
LIMITED                                  INVESCO AUSTRALIA LIMITED


Sub-Adviser                              Sub-Adviser

By: _________________________________    By: ___________________________________

Name: _______________________________    Name: _________________________________

Title: ______________________________    Title: ________________________________

INVESCO HONG KONG LIMITED                INVESCO SENIOR SECURED MANAGEMENT, INC.

Sub-Adviser                              Sub-Adviser

By: _________________________________    By: ___________________________________

Name: _______________________________    Name: _________________________________

Title: ______________________________    Title: ________________________________

INVESCO CANADA LTD.

Sub-Adviser

By: _________________________________

Name: _______________________________

Title: ______________________________
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
