AMENDMENT NO. 27 TO THE FIRST RESTATED MASTER DISTRIBUTION AGREEMENT (ALL CLASSES OF SHARES EXCEPT CLASS B AND CLASS B5 SHARES)

AMENDMENT NO. 27

TO THE

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

     This Amendment dated as of May 31, 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”), is hereby amended to reflect the addition of the following new portfolio — Invesco Emerging Markets Equity 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 Multi-Sector Fund —		Class A
		Class C
		Class Y
		Institutional Class

Invesco Select 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 Balanced Fund —		Class A
		Class C
		Class Y
Invesco California Tax-Free Income Fund —		Class A
		Class C
		Class Y
Invesco Dividend Growth Securities Fund —		Class A
		Class C
		Class Y
Invesco Equally-Weighted S&P 500 Fund —		Class A
		Class C
		Class R
		Class Y
Invesco Fundamental Value Fund —		Class A
		Class C
		Class Y
Invesco Large Cap Relative Value Fund —		Class A
		Class C
		Class Y
Invesco New York Tax-Free Income Fund —		Class A
		Class C
		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 ▇▇▇ ▇▇▇▇▇▇ Core Equity Fund —		Class A
		Class C
		Class R
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Equity and Income Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ Equity Premium Income Fund —		Class A
		Class C
		Class Y
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 Large Cap Basic Value Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco Large Cap Growth 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 Basic Balanced Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
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 Mid Cap Basic Value Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Select Equity Fund —		Class A
		Class C
		Class Y
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 2010 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 Basic Value Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Conservative Allocation Fund —		Class A
		Class C
		Class R
		Class S
		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 Moderate Growth Allocation Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Moderately Conservative Allocation Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class

Invesco Small Cap Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
		Investor Class
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Conservative Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Growth Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Asset Allocation Moderate Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Harbor Fund —		Class A
		Class C
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ Leaders Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Real Estate Securities Fund —		Class A
		Class C
		Class Y
		Institutional Class
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 Japan Fund —		Class A
		Class C
		Class Y
		Institutional Class
Invesco LIBOR Alpha Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Endeavor Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco Global 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 Global Dividend Growth Securities Fund —		Class A
		Class C
		Class Y
Invesco Health Sciences Fund —		Class A
		Class C
		Class Y
Invesco Pacific Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ Emerging Markets Fund —		Class A
		Class C
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ Global Equity Allocation Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Global Franchise Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Global Tactical Asset Allocation Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ International Advantage Fund —		Class A
		Class C
		Class Y

Invesco ▇▇▇ ▇▇▇▇▇▇ International Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
Invesco Core Bond Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
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 Income Fund —		Class A
		Class C
		Class R
		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 ▇▇▇ ▇▇▇▇▇▇ Core Plus Fixed Income Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Corporate Bond Fund —		Class A
		Class C
		Class Y
		Institutional Class

Invesco ▇▇▇ ▇▇▇▇▇▇ Government Securities Fund —		Class A
		Class C
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ High Yield Fund —		Class A
		Class C
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ Limited Duration Fund -		Class A
		Class C
		Class Y
		Institutional Class
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
Invesco Energy Fund —		Class A
		Class C
		Class Y
		Institutional Class
		Investor Class
Invesco Financial Services Fund —		Class A
		Class C
		Class Y
		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 Mid-Cap Value Fund —		Class A
		Class C
		Class Y
Invesco Small-Mid Special Value Fund —		Class A
		Class C
		Class Y
Invesco Special Value Fund —		Class A
		Class C
		Class Y
Invesco Technology Sector Fund —		Class A
		Class C
		Class Y
Invesco U.S. Mid Cap Value Fund —		Class A
		Class C
		Class Y
Invesco U.S. Small Cap Value Fund —		Class A
		Class C
		Class Y
Invesco U.S. Small/Mid Cap Value Fund —		Class A
		Class C
		Class Y
Invesco Value Fund —		Class A
		Class C
		Class Y
Invesco Value II Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ American Value Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class

Invesco ▇▇▇ ▇▇▇▇▇▇ Capital Growth Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Fund —		Class A
		Class C
		Class R
		Class Y
		Institutional Class
Invesco ▇▇▇ ▇▇▇▇▇▇ Enterprise Fund —		Class A
		Class C
		Class Y
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 ▇▇▇ ▇▇▇▇▇▇ Technology Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Utility 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 Municipal Fund —		Class A
		Class C
		Class Y
Invesco Tax-Exempt Securities Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ California Insured Tax Free Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ High Yield Municipal Fund —		Class A
		Class C
		Class Y
Invesco ▇▇▇ ▇▇▇▇▇▇ Insured Tax Free Income Fund —		Class A
		Class C
		Class Y
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)