Company:  INVESCO ADVANTAGE MUNICIP ... (VKI)
Form Type:  N-CSRS
Filing Date:  6/29/2006 
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: 
$8.50   		Change: 
-0.08 (-0.93%)   		Trade Time: 
10:59 AM EST   		Market Cap: 
$377.45M
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  FORM N-CSRS
    Item 1. Reports to Shareholders.
        FUND PERFORMANCE
        FUND PERFORMANCE
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        PORTFOLIO OF INVESTMENTS
        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
        FINANCIAL HIGHLIGHTS TABLE
        NOTES TO FINANCIAL STATEMENTS -- APRIL 30, 2006 (UNAUDITED)
        BOARD OF TRUSTEES, OFFICERS AND IMPORTANT ADDRESSES
        RESULTS OF SHAREHOLDER VOTES
    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 11. Controls and Procedures
    SIGNATURES
  EXHIBIT 99.CERT
  EXHIBIT 99.906CERT


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