SUB-ITEM 77M
MERGERS
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
XXX XXXXXX TAX FREE MONEY FUND TO INVESCO TAX-EXEMPT CASH FUND
On January 21, 2010, the Board of Trustees of AIM Tax-Exempt Fund (Invesco
Tax-Exempt Funds) (formerly known as AIM Tax-Exempt Funds), ("XXXX") approved an
Agreement and Plan of Reorganization (the "Agreement"). On May 11, 2010, at a
Special Meeting for shareholders of Xxx Xxxxxx Tax Free Money Fund (the "Fund"),
shareholders approved the Agreement that provided for the combination of the
Fund with Invesco Tax-Exempt Cash Fund (formerly known as AIM Tax-Exempt Cash
Fund), (the "Acquiring Fund"), an investment portfolio of XXXX (the
"Reorganization"). Pursuant to the Agreement, on June 1, 2010, all of the assets
of the Fund were transferred to the Acquiring Fund. The Acquiring Fund assumed
all of the liabilities of the Fund, and XXXX issued Class A shares of the
Acquiring Fund to the Fund's No Load Share shareholders. The value of each
Fund's shareholder account with the Acquiring Fund immediately after the
Reorganization was the same as the value of such shareholder's account with the
Fund immediately prior to the Reorganization. The Reorganization was structured
as a tax-free transaction.
FOR A MORE DETAILED DISCUSSION ON THE REORGANIZATION, PLEASE SEE THE AGREEMENT
AND PLAN OF REORGANIZATION FILED HEREIN UNDER ITEM 77Q1(G).
