AMENDMENT NO. 7 TO MASTER INVESTMENT ADVISORY AGREEMENT

AMENDMENT NO. 7

TO

MASTER INVESTMENT ADVISORY AGREEMENT

     This Amendment dated as of September 24, 2012, amends the Master Investment Advisory Agreement (the “Agreement”), dated November 25, 2003, between AIM International Mutual Funds (Invesco International Mutual Funds), a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.

W I T N E S S E T H:

     WHEREAS, the parties agree to amend the Agreement to change the name of Invesco Global Select Companies Fund to Invesco Select Opportunities Fund;

     NOW, THEREFORE, the parties agree that;

1. Appendix A and Appendix B to the Agreement are hereby deleted in their entirety and replaced with the following:

“Appendix A
FUNDS AND EFFECTIVE DATES

Name of Fund		Effective Date of Advisory Agreement
Invesco Asia Pacific Growth Fund		November 25, 2003
Invesco European Growth Fund		November 25, 2003
Invesco Global Growth Fund		November 25, 2003
Invesco Global Opportunities Fund		July 30, 2012
Invesco Global Small & Mid Cap Growth Fund		November 25, 2003
Invesco International Core Equity Fund		November 25, 2003
Invesco International Growth Fund		November 25, 2003
Invesco Select Opportunities Fund		July 30, 0000

Xxxxxxxx X
COMPENSATION TO THE ADVISOR

     The Trust shall pay the Advisor, out of the assets of a Fund, as full compensation for all services rendered, an advisory fee for such Fund set forth below. Such fee shall be calculated by applying the following annual rates to the average daily net assets of such Fund for the calendar year computed in the manner used for the determination of the net asset value of shares of such Fund.

Invesco Asia Pacific Growth Fund
Invesco European Growth Fund
Invesco International Growth Fund

Net Assets		Annual Rate
First $250 million			0.935	%
Next $250 million			0.91	%
Next $500 million			0.885	%
Next $1.5 billion			0.86	%
Next $2.5 billion			0.835	%
Next $2.5 billion			0.81	%
Next $2.5 billion			0.785	%
Over $10 billion			0.76	%

Invesco Global Growth Fund
Invesco Global Opportunities Fund
Invesco Global Small & Mid Cap Growth Fund
Invesco Select Opportunities Fund

Net Assets		Annual Rate
First $250 million			0.80	%
Next $250 million			0.78	%
Next $500 million			0.76	%
Next $1.5 billion			0.74	%
Next $2.5 billion			0.72	%
Next $2.5 billion			0.70	%
Next $2.5 billion			0.68	%
Over $10 billion			0.66	%

Invesco International Core Equity Fund

Net Assets		Annual Rate
First $500 million			0.75	%
Next $500 million			0.65	%
From $1 billion			0.55	%
From $2 billion			0.45	%
From $4 billion			0.40	%
From $6 billion			0.375	%
From $8 billion			0.35	%”

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2. In all other respects, the Agreement is hereby confirmed and remains in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective officers on the date first written above.

						AIM INTERNATIONAL MUTUAL FUNDS
						(INVESCO INTERNATIONAL MUTUAL FUNDS)
Attest:		/s/ Xxxxx X. Xxxxxxxx				By:		/s/ Xxxx X. Xxxx
		Assistant Secretary						Xxxx X. Xxxx
								Senior Vice President
(SEAL)
						INVESCO ADVISERS, INC.
Attest:		/s/ Xxxxx X. Xxxxxxxx				By:		/s/ Xxxx X. Xxxx
		Assistant Secretary						Xxxx X. Xxxx
								Senior Vice President
(SEAL)

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