AMENDMENT NO. 31 TO THE FIRST RESTATED MASTER DISTRIBUTION AGREEMENT (ALL CLASSES OF SHARES EXCEPT CLASS B AND CLASS B5 SHARES)

AMENDMENT NO. 31

TO THE

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

     This Amendment dated as of December 27, 2011, 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”), to add Institutional Class shares to Invesco ▇▇▇ ▇▇▇▇▇▇ High Yield Municipal Fund, a series portfolio of AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds).

     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 Structured 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 ▇▇▇ ▇▇▇▇▇▇ American Franchise Fund —		Class A
				Class C
				Class R
				Class Y
				Institutional Class
		Invesco ▇▇▇ ▇▇▇▇▇▇ Equity and Income Fund —		Class A
				Class C
				Class R
				Class Y
				Institutional Class
		Invesco ▇▇▇ ▇▇▇▇▇▇ Growth and Income Fund —		Class A
				Class C
				Class R
				Class Y
				Institutional Class
		Invesco ▇▇▇ ▇▇▇▇▇▇ Pennsylvania Tax Free
		Income Fund —		Class A
				Class C
				Class Y
		Invesco ▇▇▇ ▇▇▇▇▇▇ Small Cap Growth Fund —		Class A
				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
				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
		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 Equity 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
		Invesco Moderately 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 ▇▇▇ ▇▇▇▇▇▇ Leaders Fund —		Class A
				Class C
				Class Y
		Invesco ▇▇▇ ▇▇▇▇▇▇ 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 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
		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 Global Advantage Fund —		Class A
				Class C
				Class Y
		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

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
		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 ▇▇▇ ▇▇▇▇▇▇ 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
		Invesco Utilities Fund —		Class A
				Class C
				Class Y
				Institutional Class
				Investor Class
		Invesco Technology Sector Fund —		Class A
				Class C
				Class Y
		Invesco U.S. Mid Cap Value Fund —		Class A
				Class C
				Class Y
		Invesco Value Fund —		Class A
				Class C
				Class Y
		Invesco ▇▇▇ ▇▇▇▇▇▇ American Value Fund —		Class A
				Class C
				Class R
				Class Y
				Institutional Class

		Invesco ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Fund —		Class A
				Class C
				Class R
				Class Y
				Institutional Class
		Invesco ▇▇▇ ▇▇▇▇▇▇ Mid Cap Growth Fund —		Class A
				Class C
				Class R
				Class Y
				Institutional Class
		Invesco ▇▇▇ ▇▇▇▇▇▇ Small Cap Value Fund —		Class A
				Class C
				Class Y
		Invesco ▇▇▇ ▇▇▇▇▇▇ Value Opportunities Fund —		Class A
				Class C
				Class R
				Class Y
				Institutional Class

AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)

		Invesco High Income Municipal Fund —		Class A
				Class C
				Class Y
				Institutional Class
		Invesco Tax-Exempt Cash Fund —		Class A
				Class Y
				Investor Class
		Invesco Tax-Free Intermediate Fund —		Class A
				Class A2
				Class Y
				Institutional Class
		Invesco ▇▇▇ ▇▇▇▇▇▇ High Yield Municipal
		Fund —		Class A
				Class C
				Class Y
				Institutional Class
		Invesco ▇▇▇ ▇▇▇▇▇▇ Intermediate Term Municipal
		Income Fund —		Class A
				Class C
				Class Y

		Invesco ▇▇▇ ▇▇▇▇▇▇ Municipal Income Fund —		Class A
				Class C
				Class Y
		Invesco ▇▇▇ ▇▇▇▇▇▇ 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”

     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)