INVESCO 1166 Avenue of the America New York, New York 10036 Direct: +1.212.278.9000 Fax: +1.212.278.9822 VIA COURIER AND FACSIMILE July 21, 2011 Avenue Europe International Management, L.P. 535 Madison Avenue 15th Floor New York, NY 10022 Attention:...

                                                                SUB-ITEM 77Q1(E)

                                                                         INVESCO
                                                      0000 Xxxxxx xx xxx Xxxxxxx
                                                        Xxx Xxxx, Xxx Xxxx 00000
                                                        Direct:  x0.000.000.0000
                                                           Fax:  x0.000.000.0000

VIA COURIER AND FACSIMILE

July 21, 2011

Avenue Europe International Management, L.P.
000 Xxxxxxx Xxxxxx
00xx Xxxxx
Xxx Xxxx, XX 00000
Attention:  Xxxxx Xxxxxxx

Dear Xxxxx:

     Pursuant to Section 8 of the Amended and Restated Sub-Advisory Agreement
dated June 1, 2010 (the "Agreement") relating to the Invesco Xxx Xxxxxx Dynamic
Credit Opportunities Fund (the "Fund"), we hereby notify of our desire to
terminate the Agreement effective as soon as possible but no later than
September 19, 2011. We appreciate the good work that Xxxxxx has done over the
years as sub-adviser to the Fund and wish you the best in your future endeavors.

Yours sincerely,

/s/ Xxxx Xxxxxxxx

Xxxx Xxxxxxxx
Vice President and Head of Senior Secured Loans
Invesco Advisers, Inc.