Company:  INVESCO ADVANTAGE MUNICIP ... (VKI)
Form Type:  N-CSRS
Filing Date:  6/29/2004 
CIK:  0000908993 
Address:  1555 PEACHTREE STREET, NE
SUITE 1800 
City, State, Zip:  ATLANTA, Georgia 30309 
Telephone:  404-439-3217 
Fiscal Year:  10/31 
Last Trade
Last Trade: 
$8.56   		Change: 
-0.025 (-0.29%)   		Trade Time: 
10:30 AM EST   		Market Cap: 
$379.89M
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  FORM N-CSRS
    Item 1. Report to Shareholders
        FUND PERFORMANCE
        FUND PERFORMANCE
        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
        FINANCIAL HIGHLIGHTS TABLE
        NOTES TO FINANCIAL STATEMENTS -- APRIL 30, 2004 (UNAUDITED)
    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 ...
    Item 9. Controls and Procedures
    Item 10. Exhibits.
    SIGNATURES
  EXHIBIT 99.CERT
  EXHIBIT 99.906CERT


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