AMENDMENT NO. 32 TO THE FIRST RESTATED MASTER DISTRIBUTION AGREEMENT (ALL CLASSES OF SHARES EXCEPT CLASS B AND CLASS B5 SHARES)

AMENDMENT NO. 32

TO THE

FIRST RESTATED
MASTER DISTRIBUTION AGREEMENT
(ALL CLASSES OF SHARES EXCEPT CLASS B AND CLASS B5 SHARES)

     This Amendment dated as of July 30, 2012, amends the First Restated Master Distribution Agreement (all Classes of shares except Class B and Class B5 Shares) (the “Agreement”) made as of the 18th day of August, 2003, as subsequently amended, and as restated the 20th day of September, 2006, by and between each registered investment company set forth on Schedule A to the Agreement (each individually referred to as “Fund”, or collectively, “Funds”), severally, on behalf of each of its series of beneficial interest set forth on Schedule A to the Agreement, (each, a “Portfolio”), with respect to each class of shares except Class B and Class B5 Shares (the “Shares”) of each Portfolio, and Invesco Distributors, Inc., a Delaware corporation (the “Distributor”).

     WHEREAS, the parties agree to amend the Agreement to remove the following series portfolios – Invesco U.S. Mid Cap Value Fund and Invesco High Income Municipal Fund; and

     WHEREAS, the parties agree to amend the agreement to change the name of Invesco Global Equity Fund to Invesco Global Quantitative Core Fund and Invesco Structured Core Fund to Invesco U.S. Quantitative Core Fund; and

     WHEREAS, the parties agree to amend the Agreement to add the following new portfolios - Invesco Global Opportunities Fund and Invesco Global Select Companies Fund.

     Schedule A of the Agreement is hereby deleted in its entirety and replaced with the following:

"SCHEDULE A
TO
FIRST RESTATED
MASTER DISTRIBUTION AGREEMENT
(All Classes of Shares Except Class B and Class B5 Shares)

AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
Invesco Core Plus Bond Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Floating Rate Fund –		Class A
		Class C
		Class R
		Class Y

		Institutional Class
Invesco Global Real Estate Income Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco U.S. Quantitative Core Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco California Tax-Free Income Fund –		Class A
		Class C
		Class Y
Invesco Equally-Weighted S&P 500 Fund –		Class A
		Class C
		Class R
		Class Y
Invesco S&P 500 Index Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx American Franchise Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx Equity and Income Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx Growth and Income Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx Pennsylvania Tax Free Income Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx Small Cap Growth Fund –		Class A

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		Class C
		Class Y
AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
Invesco Capital Development Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco Charter Fund –		Class A
		Class C
		Class R
		Class S
		Class Y
		Institutional Class
Invesco Constellation Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Disciplined Equity Fund –		Class Y
Invesco Diversified Dividend Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco Summit Fund –		Class A
		Class C
		Class P
		Class S
		Class Y
		Institutional Class
AIM FUNDS GROUP (INVESCO FUNDS GROUP)
Invesco European Small Company Fund –		Class A
		Class C
		Class Y
Invesco Global Core Equity Fund –		Class A
		Class C
		Class R
		Class Y

3

		Institutional Class
Invesco International Small Company Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco Small Cap Equity Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
AIM GROWTH SERIES (INVESCO GROWTH SERIES)
Invesco Balanced-Risk Retirement Now Fund –		Class A
		Class A5
		Class C
		Class C5
		Class R
		Class R5
		Class Y
		Institutional Class
Invesco Balanced-Risk Retirement 2020 Fund –		Class A
		Class A5
		Class C
		Class C5
		Class R
		Class R5
		Class Y
		Institutional Class
Invesco Balanced-Risk Retirement 2030 Fund –		Class A
		Class A5
		Class C
		Class C5
		Class R
		Class R5
		Class Y
		Institutional Class
Invesco Balanced-Risk Retirement 2040 Fund –		Class A
		Class A5
		Class C
		Class C5
		Class R
		Class R5
		Class Y
		Institutional Class

4

Invesco Balanced-Risk Retirement 2050 Fund –		Class A
		Class A5
		Class C
		Class C5
		Class R
		Class R5
		Class Y
		Institutional Class
Invesco Convertible Securities Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco Global Quantitative Core Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Growth Allocation Fund –		Class A
		Class C
		Class R
		Class S
		Class Y
		Institutional Class
Invesco Income Allocation Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco International Allocation Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Mid Cap Core Equity Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Moderate Allocation Fund –		Class A
		Class C
		Class R
		Class S
		Class Y
		Institutional Class

5

Invesco Conservative Allocation Fund –		Class A
		Class C
		Class R
		Class S
		Class Y
		Institutional Class
Invesco Small Cap Growth Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco Xxx Xxxxxx Leaders Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx U.S. Mortgage Fund –		Class A
		Class C
		Class Y
		Institutional Class
AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS)
Invesco Asia Pacific Growth Fund –		Class A
		Class C
		Class Y
Invesco European Growth Fund –		Class A
		Class C
		Class R
		Class Y
		Investor Class
Invesco Global Growth Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco Global Opportunities Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Global Select Companies Fund –		Class A

6

		Class C
		Class R
		Class Y
		Institutional Class
Invesco Global Small & Mid Cap Growth Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco International Core Equity Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco International Growth Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
Invesco Balanced-Risk Allocation Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Balanced-Risk Commodity Strategy Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco China Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco Developing Markets Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco Emerging Market Local Currency Debt Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class

7

Invesco Emerging Markets Equity Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Global Health Care Fund –		Class A
		Class C
		Class Y
		Investor Class
Invesco International Total Return Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco Endeavor Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Small Companies Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Commodities Strategy Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Pacific Growth Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Premium Income Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class

8

AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
Invesco Dynamics Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco Global Real Estate Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco High Yield Fund –		Class A
		Class C
		Class Y
		Institutional Class
		Investor Class
Invesco Limited Maturity Treasury Fund –		Class A
		Class A2
		Class Y
		Institutional Class
Invesco Money Market Fund –		AIM Cash Reserve Shares
		Class A5
		Class C
		Class C5
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco Municipal Bond Fund –		Class A
		Class C
		Class Y
		Investor Class
Invesco Real Estate Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class

9

Invesco Short Term Bond Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco U.S. Government Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco High Yield Securities Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx Corporate Bond Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
Invesco Energy Fund –		Class A
		Class C
		Class Y
		Institutional Class
		Investor Class
Invesco Gold & Precious Metals Fund –		Class A
		Class C
		Class Y
		Investor Class
Invesco Leisure Fund –		Class A
		Class C
		Class R
		Class Y
		Investor Class
Invesco Technology Fund –		Class A
		Class C
		Class Y
		Institutional Class
		Investor Class

10

Invesco Utilities Fund –		Class A
		Class C
		Class Y
		Institutional Class
		Investor Class
Invesco Technology Sector Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx American Value Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx Xxxxxxxx Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx Mid Cap Growth Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx Small Cap Value Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx Value Opportunities Fund –		Class A
		Class C
		Class R
		Class Y
		Institutional Class
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
Invesco Tax-Exempt Cash Fund –		Class A
		Class Y
		Investor Class

11

Invesco Tax-Free Intermediate Fund –		Class A
		Class A2
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx High Yield Municipal Fund –		Class A
		Class C
		Class Y
		Institutional Class
Invesco Xxx Xxxxxx Intermediate Term Municipal Income Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx Municipal Income Fund –		Class A
		Class C
		Class Y
Invesco Xxx Xxxxxx New York Tax Free Income Fund –		Class A
		Class C
		Class Y
AIM TREASURER’S SERIES TRUST (INVESCO TREASURER’S SERIES TRUST)
Premier Portfolio –		Investor Class
Premier Tax-Exempt Portfolio –		Investor Class
Premier U.S. Government Money Portfolio –		Investor Class”

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     All other terms and provisions of the Agreement not amended herein shall remain in full force and effect.

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)

	on behalf of the Shares of each Portfolio listed on Schedule A
	By:	/s/ Xxxx X. Xxxx
		Xxxx X. Xxxx
		Senior Vice President
	INVESCO DISTRIBUTORS, INC.
	By:	/s/ Xxxxx Xxxxxx
		Xxxxx Kundan
		Executive Vice President

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