Company:  INVESCO VALUE MUNICIPAL T ...
Form Type:  N-CSR
Filing Date:  5/9/2011 
CIK:  0000880161 
Address:  1555 PEACHTREE STREET, N.E.
SUITE 1800 
City, State, Zip:  ATLANTA,  30309 
Telephone:  404-439-3217 
Fiscal Year:  10/31 
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  FORM N-CSR
    Item 1. Reports to Stockholders.
      Management's Discussion of Trust Performance
      PORTFOLIO OF INVESTMENTS
      PORTFOLIO OF INVESTMENTS
      PORTFOLIO OF INVESTMENTS
      PORTFOLIO OF INVESTMENTS
      PORTFOLIO OF INVESTMENTS
      PORTFOLIO OF INVESTMENTS
      PORTFOLIO OF INVESTMENTS
      FINANCIAL STATEMENTS
        ASSETS AND LIABILITIES
        STATEMENT OF OPERATIONS
        STATEMENT OF CHANGES IN NET ASSETS
        CASH FLOW
        Notes to Financial Statements
        NOTE 1-Significant Accounting Policies
        STATEMENT OF OPERATIONS
      NOTE 5-Trustees' and Officers' Fees and Benefits
        FINANCIAL HIGHLIGHTS TABLE
        Report of Independent Registered Public Accounting Firm
      Trustees and Officers
        NAME AND TITLE
        NAME AND TITLE
        NAME AND TITLE
        NAME AND TITLE
    ITEM 2. CODE OF ETHICS.
    ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
    ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
    ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
    ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES ...
    ACKNOWLEDGEMENT AND CERTIFICATION
    Date Signature
    I.1 Proxy Policy Appendix A Acknowledgement and Certification
    ITEM 11. CONTROLS AND PROCEDURES.
  EXHIBIT 99.CODE ETH
  EXHIBIT 99.CERT
  EXHIBIT 99.906CERT
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