AMENDMENT NO. 14 TO MASTER INVESTMENT ADVISORY AGREEMENT

AMENDMENT NO. 14

TO

MASTER INVESTMENT ADVISORY AGREEMENT

     This Amendment dated as of February 12, 2010, amends the Master Investment Advisory Agreement (the “Agreement”), dated June 5, 2000, between AIM Growth Series, a Delaware statutory trust, and Invesco Advisers, Inc., a Delaware corporation.

WITNESSETH:

     WHEREAS, the parties desire to add the following series portfolios: Invesco Convertible Securities Fund, Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Conservative Fund, Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Growth Fund, Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Moderate Fund, Invesco ▇▇▇ ▇▇▇▇▇▇ Harbor Fund, Invesco ▇▇▇ ▇▇▇▇▇▇ Leaders Fund, Invesco ▇▇▇ ▇▇▇▇▇▇ Real Estate Securities Fund and Invesco ▇▇▇ ▇▇▇▇▇▇ U.S. Mortgage Fund;

     NOW, THEREFORE, the parties agree as follows;

1.

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
AIM Balanced-Risk Retirement Now Fund		January 31, 2007
AIM Balanced-Risk Retirement 2010 Fund		January 31, 2007
AIM Balanced-Risk Retirement 2020 Fund		January 31, 2007
AIM Balanced-Risk Retirement 2030 Fund		January 31, 2007
AIM Balanced-Risk Retirement 2040 Fund		January 31, 2007
AIM Balanced-Risk Retirement 2050 Fund		January 31, 2007
AIM Basic Value Fund		June 5, 2000
AIM Conservative Allocation Fund		April 30, 2004
AIM Global Equity Fund		November 4, 2003
AIM Growth Allocation Fund		April 30, 2004
AIM Income Allocation Fund		October 31, 2005

Name of Fund		Effective Date of Advisory Agreement
AIM International Allocation Fund		October 31, 2005
AIM Mid Cap Core Equity Fund		September 1, 2001
AIM Moderate Allocation Fund		April 30, 2004
AIM Moderate Growth Allocation Fund		April 29, 2005
AIM Moderately Conservative Allocation Fund		April 29, 2005
AIM Small Cap Growth Fund		September 11, 2000
Invesco Convertible Securities Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Conservative Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Growth Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Moderate Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Harbor Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Leaders Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ Real Estate Securities Fund		February 12, 2010
Invesco ▇▇▇ ▇▇▇▇▇▇ U.S. Mortgage Fund		February 12, ▇▇▇▇

▇▇▇▇▇▇▇▇ ▇
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.

AIM Balanced-Risk Retirement Now Fund
AIM Balanced-Risk Retirement 2010 Fund
AIM Balanced-Risk Retirement 2020 Fund
AIM Balanced-Risk Retirement 2030 Fund
AIM Balanced-Risk Retirement 2040 Fund
AIM Balanced-Risk Retirement 2050 Fund
AIM Conservative Allocation Fund
AIM Growth Allocation Fund
AIM Income Allocation Fund
AIM International Allocation Fund

AIM Moderate Allocation Fund
AIM Moderate Growth Allocation Fund
AIM Moderately Conservative Allocation Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ Leaders Fund

These fourteen funds do not pay an advisory fee.

AIM Basic Value 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	%

AIM Global Equity Fund

Net Assets		Annual Rate
First $250 million			0.80	%
Next $250 million			0.78	%
Next $500 million			0.76	%
Next $1.5 billion			0.74	%
Next $2.5 billion			0.72	%
Next $2.5 billion			0.70	%
Next $2.5 billion			0.68	%
Over $10 billion			0.66	%

AIM Mid Cap Core Equity Fund
AIM Small Cap Growth Fund

Net Assets		Annual Rate
First $500 million			0.725	%
Next $500 million			0.70	%
Next $500 million			0.675	%
Over $1.5 billion			0.65	%

Invesco Convertible Securities Fund

Net Assets		Annual Rate
First $750 million			0.52	%
Next $250 million			0.47	%
Next $500 million			0.42	%
Next $500 million			0.395	%
Next $1 billion			0.37	%
Over $3 billion			0.345	%

Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Conservative Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Growth Fund
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Moderate Fund

Net Assets		Annual Rate
All Assets			0.15	%

Invesco ▇▇▇ ▇▇▇▇▇▇ Harbor Fund

Net Assets		Annual Rate
First $350 million			0.55	%
Next $350 million			0.50	%
Next $350 million			0.45	%
Over $1.05 billion			0.40	%

Invesco ▇▇▇ ▇▇▇▇▇▇ Real Estate Securities Fund

Net Assets		Annual Rate
First $500 million			0.80	%
Next $500 million			0.75	%
Over $1 billion			0.70	%

Invesco ▇▇▇ ▇▇▇▇▇▇ U.S. Mortgage Fund

Net Assets		Annual Rate
First $1 billion			0.47	%
Next $500 million			0.445	%
Next $500 million			0.42	%
Next $500 million			0.395	%
Next $2.5 billion			0.37	%
Next $2.5 billion			0.345	%
Next $2.5 billion			0.32	%
Next $2.5 billion			0.295	%
Over $12.5 billion			0.27	%”

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 GROWTH SERIES
Attest:		/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇				By:		/s/ ▇▇▇▇ ▇. ▇▇▇▇
		Assistant Secretary						▇▇▇▇ ▇. ▇▇▇▇
								Senior Vice President
(SEAL)
						INVESCO ADVISERS, INC.
Attest:		/s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇				By:		/s/ ▇▇▇▇ ▇. ▇▇▇▇
		Assistant Secretary						▇▇▇▇ ▇. ▇▇▇▇
								Senior Vice President
(SEAL)