
Statutory Prospectus Supplement dated July 30, 2012 The purpose of this supplement is to provide you with changes to the current Statutory Prospectuses for Class A, C, R and Y shares of the Funds listed below: Invesco Global Opportunities Fund Invesco Select Opportunities Fund The following changes are effective September 24, 2012: Class A5, B5, C5 and R5 shares are renamed Class AX, BX, CX and RX shares, respectively, and all references in the Prospectus to Class A5, B5, C5, and R5 shares are hereby deleted and replaced with Class AX, BX, CX and RX shares, respectively. For Category II Initial Sales Charge, the first breakpoint at which investors may qualify for sales charge discounts will be changed from $50,000 to $100,000 and the maximum sales charge imposed on Class A shares will change from 4.75% to 4.25%. Category IV Initial Sales Charge on purchases greater than $500,000 is eliminated. Statutory Prospectus Supplement dated July 30, 2012 The purpose of this supplement is to provide you with changes to the current Statutory Prospectuses for Institutional Class shares of the Funds listed below: Invesco Global Opportunities Fund Invesco Select Opportunities Fund Effective September 24, 2012, Institutional Class shares are renamed Class R5 shares and all references in the Prospectuses to Institutional Class shares are hereby deleted and replaced with Class R5 shares. Effective September 24, 2012, the following Funds will change their names: Current Name Invesco Van Kampen American Franchise Fund Invesco Van Kampen American Value Fund Invesco Van Kampen Comstock Fund Invesco Van Kampen Corporate Bond Fund Invesco Van Kampen Equity and Income Fund Invesco Van Kampen Growth and Income Fund Invesco Van Kampen High Yield Municipal Fund Invesco Van Kampen Intermediate Term Municipal Income Fund Invesco Van Kampen Leaders Fund Invesco Van Kampen Mid Cap Growth Fund Invesco Van Kampen Municipal Income Fund Invesco Van Kampen New York Tax Free Income Fund Invesco Van Kampen Pennsylvania Tax Free Income Fund Invesco Van Kampen Small Cap Growth Fund Invesco Van Kampen Small Cap Value Fund Invesco Van Kampen U.S. Mortgage Fund Invesco Van Kampen Value Opportunities Fund New Name Invesco American Franchise Fund Invesco American Value Fund Invesco Comstock Fund Invesco Corporate Bond Fund Invesco Equity and Income Fund Invesco Growth and Income Fund Invesco High Yield Municipal Fund Invesco Intermediate Term Municipal Income Fund Invesco Leaders Fund Invesco Mid Cap Growth Fund Invesco Municipal Income Fund Invesco New York Tax Free Income Fund Invesco Pennsylvania Tax Free Income Fund Invesco Small Cap Discovery Fund Invesco Small Cap Value Fund Invesco U.S. Mortgage Fund Invesco Value Opportunities Fund

Statutory Prospectus Supplement dated July 30, 2012

The purpose of this supplement is to provide you with changes to the current Statutory Prospectuses for Class A, C, R and Y shares of the Funds listed below:

Invesco Global Opportunities Fund
Invesco Select Opportunities Fund

The following changes are effective September 24, 2012:

Class A5, B5, C5 and R5 shares are renamed Class AX, BX, CX and RX shares, respectively, and all references in the Prospectus to Class A5, B5, C5, and R5 shares are hereby deleted and replaced with Class AX, BX, CX and RX shares, respectively.

For Category II Initial Sales Charge, the first breakpoint at which investors may qualify for sales charge discounts will be changed from $50,000 to $100,000 and the maximum sales charge imposed on Class A shares will change from 4.75% to 4.25%.

Category IV Initial Sales Charge on purchases greater than $500,000 is eliminated.

Statutory Prospectus Supplement dated July 30, 2012

The purpose of this supplement is to provide you with changes to the current Statutory Prospectuses for Institutional Class shares of the Funds listed below:

Invesco Global Opportunities Fund
Invesco Select Opportunities Fund

Effective September 24, 2012, Institutional Class shares are renamed Class R5 shares and all references in the Prospectuses to Institutional Class shares are hereby deleted and replaced with Class R5 shares.

Effective September 24, 2012, the following Funds will change their names:

Current Name

Invesco Van Kampen American Franchise Fund
Invesco Van Kampen American Value Fund
Invesco Van Kampen Comstock Fund
Invesco Van Kampen Corporate Bond Fund
Invesco Van Kampen Equity and Income Fund
Invesco Van Kampen Growth and Income Fund
Invesco Van Kampen High Yield Municipal Fund
Invesco Van Kampen Intermediate Term Municipal Income Fund
Invesco Van Kampen Leaders Fund
Invesco Van Kampen Mid Cap Growth Fund
Invesco Van Kampen Municipal Income Fund
Invesco Van Kampen New York Tax Free Income Fund
Invesco Van Kampen Pennsylvania Tax Free Income Fund
Invesco Van Kampen Small Cap Growth Fund
Invesco Van Kampen Small Cap Value Fund
Invesco Van Kampen U.S. Mortgage Fund
Invesco Van Kampen Value Opportunities Fund

New Name

Invesco American Franchise Fund
Invesco American Value Fund
Invesco Comstock Fund
Invesco Corporate Bond Fund
Invesco Equity and Income Fund
Invesco Growth and Income Fund
Invesco High Yield Municipal Fund
Invesco Intermediate Term Municipal Income Fund
Invesco Leaders Fund
Invesco Mid Cap Growth Fund
Invesco Municipal Income Fund
Invesco New York Tax Free Income Fund
Invesco Pennsylvania Tax Free Income Fund
Invesco Small Cap Discovery Fund
Invesco Small Cap Value Fund
Invesco U.S. Mortgage Fund
Invesco Value Opportunities Fund