TAILIEUCHUNG - Invesco Van Kampen Government Securities Fund

In a study of the impact of dividend and earnings on stock prices, Hartone (2004) argues that a significantly positive impact is made on equity prices if positive earnings information occurs after negative dividend information. Also, a significantly negative impact occurs in equity pricing if positive dividend information is followed by negative earning information. Docking and Koch (2005) discovers that there is a direct relationship between dividend announcement and equity price behavior. Al-Qenae, Li & Wearing (2002) in their study of the effects of earning (micro-economic factor), inflation and interest rate (macro-economic factors) on the stock prices on. | Prospectus January 28 2011 Invesco Class Institutional ACGWX Invesco Van Kampen Government Securities Fund Invesco Retail SUP-1 012811 Prospectus Supplement dated January 28 2011 The purpose of this supplement is to provide you with changes to the current Prospectus for Class A B C Y and Institutional Class Shares as applicable of each of the Funds listed below Invesco Municipal Fund Invesco . Small Cap Value Fund Invesco Value Fund Invesco Value II Fund Invesco Van Kampen California Insured Tax Free Fund Invesco Van Kampen Government Securities Fund Invesco Van Kampen Insured Tax Free Income Fund Following a number of meetings in September and October 2010 the Boards of Trustees of the Invesco Funds have unanimously approved an Agreement and Plan of Reorganization the Agreement pursuant to which each Target Fund listed below would transfer all of its assets and liabilities to the corresponding Acquiring Fund listed below in exchange for shares of the Acquiring Fund that would be distributed to Target Fund shareholders TARGET FUND Invesco Municipal Fund a series portfolio of AIM Tax-Exempt Funds Invesco Tax-Exempt Funds Invesco . Small Cap Value Fund a series portfolio of AIM Sector Funds Invesco Sector Funds Invesco Value Fund a series portfolio of AIM Sector Funds Invesco Sector Funds Invesco Value II Fund a series portfolio of AIM Sector Funds Invesco Sector Funds Invesco Van Kampen California Insured Tax Free Fund a series portfolio of AIM Tax-Exempt Funds Invesco Tax-Exempt Funds Invesco Van Kampen Government Securities Fund a series portfolio of AIM Investment Securities Funds Invesco Investment Securities Funds Invesco Van Kampen Insured Tax Free Income Fund a series portfolio of AIM Tax-Exempt Funds Invesco Tax-Exempt Funds ACQUIRING FUND Invesco Van Kampen Intermediate Term Municipal Income Fund a series portfolio of AIM Tax-Exempt Funds Invesco Tax-Exempt Funds Invesco Van Kampen Small Cap Value Fund a series portfolio of AIM Sector Funds Invesco .

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