AMENDMENT NO. 15 TO MASTER INVESTMENT ADVISORY AGREEMENT

AMENDMENT NO. 15

TO

MASTER INVESTMENT ADVISORY AGREEMENT

          This Amendment dated as of April 30, 2010, amends the Master Investment Advisory Agreement (the “Agreement”) dated June 21, 2000, between AIM Equity Funds, a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.

WITNESSETH:

          WHEREAS, AIM Equity Funds is now named AIM Equity Funds (Invesco Equity Funds); and

          WHEREAS, the following Funds have been renamed:

CURRENT NAME		NEW NAME
AIM Capital Development Fund		Invesco Capital Development Fund
AIM Charter Fund		Invesco Charter Fund
AIM Constellation Fund		Invesco Constellation Fund
AIM Disciplined Equity Fund		Invesco Disciplined Equity Fund
AIM Diversified Dividend Fund		Invesco Diversified Dividend Fund
AIM Large Cap Basic Value Fund		Invesco Large Cap Basic Value Fund
AIM Large Cap Growth Fund		Invesco Large Cap Growth Fund
AIM Summit Fund		Invesco Summit Fund;

          NOW, THEREFORE, the parties agree that;

	1.		All references to AIM Equity Funds in the Agreement are hereby deleted and replaced with AIM Equity Funds (Invesco Equity Funds).
	2.		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 Capital Development Fund		June 1, 2000
Invesco Charter Fund		June 1, 2000
Invesco Constellation Fund		June 1, 2000
Invesco Disciplined Equity Fund		July 14, 2009
Invesco Diversified Dividend Fund		December 28, 2001
Invesco Large Cap Basic Value Fund		June 1, 2000
Invesco Large Cap Growth Fund		June 1, 0000
Xxxxxxx Xxxxxx Fund		April 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 Capital Development Fund

Net Assets		Annual Rate
First $350 million			0.75	%
Over $350 million			0.625	%

Invesco Charter Fund

Net Assets		Annual Rate
First $150 million			0.80	%
Over $150 million			0.625	%

Invesco Constellation Fund

Net Assets		Annual Rate
First $150 million			0.80	%
Over $150 million			0.625	%

Invesco Disciplined Equity Fund
Invesco Large Cap Growth Fund

Net Assets		Annual Rate
First $250 million			0.695	%
Next $250 million			0.67	%
Next $500 million			0.645	%
Next $1.5 billion			0.62	%
Next $2.5 billion			0.595	%
Next $2.5 billion			0.57	%
Next $2.5 billion			0.545	%
Over $10 billion			0.52	%

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Invesco Diversified Dividend Fund

Net Assets		Annual Rate
First $350 million			0.60	%
Next $350 million			0.55	%
Next $1.3 billion			0.50	%
Next $2 billion			0.45	%
Next $2 billion			0.40	%
Next $2 billion			0.375	%
Over $8 billion			0.35	%

Invesco Large Cap Basic Value Fund

Net Assets		Annual Rate
First $1 billion			0.60	%
Over $1 billion to and including $2 billion			0.575	%
Over $2 billion			0.55	%

Invesco Summit Fund

Net Assets		Annual Rate
First $10 million			1.00	%
Over $10 million up to and including $150 million			0.75	%
Over $150 million			0.625	%”

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 EQUITY FUNDS (INVESCO EQUITY FUNDS)
Attest:		/s/ Xxxxxxx X. Xxxxx				By:		/s/ Xxxx X. Xxxx
		Assistant Secretary						Xxxx X. Xxxx
								Senior Vice President
(SEAL)

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						INVESCO ADVISERS, INC.
Attest:		/s/ Xxxxxxx X. Xxxxx				By:		/s/ Xxxx X. Xxxx
		Assistant Secretary						Xxxx X. Xxxx
								Senior Vice President
(SEAL)

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