POWER OF ATTORNEY
The undersigned trustee of AIM COUNSELOR SERIES TRUST, AIM GROWTH SERIES, AIM INVESTMENT FUNDS, AIM INVESTMENT SECURITIES FUNDS, AIM SECTOR FUNDS, AIM TAX-EXEMPT FUNDS and AIM VARIABLE INSURANCE FUNDS, each a Delaware statutory trust (each a “Registrant”, together the “Registrants”), hereby appoints PHILIP A. TAYLOR and JOHN M. ZERR (with full power to each of them to act alone) as his attorney-in-fact and agent, in all capacities, to execute, deliver and file in the names of the undersigned, any and all instruments that said attorneys and agents may deem necessary or advisable to enable each Registrant to comply with or register any security issued by the Registrant under the Securities Act of 1933, as amended, and/or the Investment Company Act of 1940, as amended, and the rules, regulations and interpretations thereunder, with respect to each Registrant’s Registration Statement on Form N-14 with respect to the proposed reorganizations listed on Exhibit A, attached hereto, including any and all pre- and post-effective amendments thereto, any other document to be filed with the U.S. Securities and Exchange Commission and any and all documents required to be filed with respect thereto with any other regulatory authority. Each of the undersigned grants to each of said attorneys, full authority to do every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as he/she could do if personally present, thereby ratifying all that said attorneys-in-fact and agents may lawfully do or cause to be done by virtue hereof.
Except as otherwise specifically provided herein, the power of attorney granted herein shall not in any manner revoke in whole or in part any power of attorney that each person whose signature appears below has previously executed. This power of attorney shall not be revoked by any subsequent power of attorney each person whose signature below may execute, unless such subsequent power specifically refers to this power of attorney or specifically states that the instrument is intended to revoke all prior general powers of attorney or all prior powers of attorney.
This Power of Attorney may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which shall be deemed to be a single document.
CAUTION TO THE PRINCIPAL:
Your Power of Attorney is an important document. As the “principal,” you give the person whom you choose (your “agent”) authority to spend your money and sell or dispose of your property during your lifetime without telling you. You do not lose your authority to act even though you have given your agent similar authority.
When your agent exercises this authority, he or she must act according to any instructions you have provided or, where there are no specific instructions, in your best interest. “Important Information for the Agent” at the end of this document describes your agent’s responsibilities.
Your agent can act on your behalf only after signing the Power of Attorney before a notary public.
You can request information from your agent at any time. If you are revoking a prior Power of Attorney by executing this Power of Attorney, you should provide written notice of the revocation to your prior agent(s) and to the financial institutions where your accounts are located.
You can revoke or terminate your Power of Attorney at any time for any reason as long as you are of sound mind. If you are no longer of sound mind, a court can remove an agent for acting improperly.
Your agent cannot make health care decisions for you. You may execute a “Health Care Proxy” to do this.
The law governing Powers of Attorney is contained in the New York General Obligations Law, Article 5, Title 15. This law is available at a law library, or online through the New York State Senate or Assembly websites, www.senate.state.ny.us or www.assembly.state.ny.us.
If there is anything about this document that you do not understand, you should ask a lawyer of your own choosing to explain it to you.
The undersigned trustee hereby executes this Power of Attorney as of the 23rd day of December, 2009.
| /s/ Carl Frischling | ||||
| Carl Frischling | ||||
EXHIBIT A
AIM COUNSELOR SERIES TRUST
(Acquired Funds) | (Acquiring Funds) | |
| Morgan Stanley Balanced Fund | Invesco Balanced Fund | |
| Morgan Stanley California Tax-Free Income Fund | Invesco California Tax-Free Income Fund | |
| Morgan Stanley Dividend Growth Securities Fund | Invesco Dividend Growth Securities Fund | |
| Morgan Stanley Equally-Weighted S&P 500 Fund | Invesco Equally-Weighted S&P 500 Fund | |
| Morgan Stanley Fundamental Value Fund | Invesco Fundamental Value Fund | |
| Morgan Stanley Large Cap Relative Value Fund | Invesco Large Cap Relative Value Fund | |
| Morgan Stanley New York Tax-Free Income Fund | Invesco New York Tax-Free Income Fund | |
| Morgan Stanley S&P 500 Index Fund | Invesco S&P 500 Index | |
| Van Kampen American Franchise Fund | Van Kampen American Franchise Fund | |
| Van Kampen Core Equity Fund | Van Kampen Core Equity Fund | |
| Van Kampen Equity and Income Fund | Van Kampen Equity and Income Fund | |
| Van Kampen Equity Premium Income Fund | Van Kampen Equity Premium Income Fund | |
| Van Kampen Growth and Income Fund | Van Kampen Growth and Income Fund | |
| Van Kampen Pennsylvania Tax Free Income Fund | Van Kampen Pennsylvania Tax Free Income Fund | |
| Van Kampen Small Cap Growth Fund | Van Kampen Small Cap Growth Fund |
AIM GROWTH SERIES
(Acquired Funds) | (Acquiring Funds) | |
| Morgan Stanley Convertible Securities Trust | Invesco Convertible Securities Fund | |
| Van Kampen Asset Allocation Conservative Fund | Van Kampen Asset Allocation Conservative Fund | |
| Van Kampen Asset Allocation Growth Fund | Van Kampen Asset Allocation Growth Fund | |
| Van Kampen Asset Allocation Moderate Fund | Van Kampen Asset Allocation Moderate Fund | |
| Van Kampen Harbor Fund | Van Kampen Harbor Fund | |
| Van Kampen Leaders Fund | Van Kampen Leaders Fund | |
| Van Kampen Real Estate Securities Fund | Van Kampen Real Estate Securities Fund | |
| Van Kampen U.S. Mortgage Fund | Van Kampen U.S. Mortgage Fund | |
| Van Kampen In Retirement Strategy Fund | AIM Balanced-Risk Retirement Now Fund | |
| Van Kampen Retirement 2010 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
| Van Kampen Retirement 2015 Strategy Fund | AIM Balanced-Risk Retirement 2010 Fund | |
| Van Kampen Retirement 2020 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
| Van Kampen Retirement 2025 Strategy Fund | AIM Balanced-Risk Retirement 2020 Fund | |
| Van Kampen Retirement 2030 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund | |
| Van Kampen Retirement 2035 Strategy Fund | AIM Balanced-Risk Retirement 2030 Fund |
| Van Kampen Retirement 2040 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
| Van Kampen Retirement 2045 Strategy Fund | AIM Balanced-Risk Retirement 2040 Fund | |
| Van Kampen Retirement 2050 Strategy Fund | AIM Balanced-Risk Retirement 2050 Fund |
AIM INVESTMENT FUNDS
(Acquired Funds) | (Acquiring Funds) | |
| Morgan Stanley Alternative Opportunities Fund | Invesco Alternative Opportunities Fund | |
| Morgan Stanley Commodities Alpha Fund | Invesco Commodities Alpha Fund | |
| Morgan Stanley FX Alpha Plus Strategy Fund | Invesco FX Alpha Plus Strategy Fund | |
| Morgan Stanley FX Alpha Strategy Fund | Invesco FX Alpha Strategy Fund | |
| Morgan Stanley Global Advantage Fund | Invesco Global Advantage Fund | |
| Morgan Stanley Global Dividend Growth Securities Fund | Invesco Global Dividend Growth Securities Fund | |
| Morgan Stanley Health Sciences Trust | Invesco Health Sciences Fund | |
| Morgan Stanley International Growth Equity Fund | Invesco International Growth Equity Fund | |
| Morgan Stanley Pacific Growth Fund | Invesco Pacific Growth Fund | |
| Van Kampen Emerging Markets Fund | Van Kampen Emerging Markets Fund | |
| Van Kampen Global Bond Fund | Van Kampen Global Bond Fund | |
| Van Kampen Global Equity Allocation Fund | Van Kampen Global Equity Allocation Fund | |
| Van Kampen Global Franchise Fund | Van Kampen Global Franchise Fund | |
| Van Kampen Global Tactical Asset Allocation Fund | Van Kampen Global Tactical Asset Allocation Fund | |
| Van Kampen International Advantage Fund | Van Kampen International Advantage Fund | |
| Van Kampen International Growth Fund | Van Kampen International Growth Fund |
AIM INVESTMENT SECURITIES FUNDS
(Acquired Funds) | (Acquiring Funds) | |
| Morgan Stanley High Yield Securities Fund | Invesco High Yield Securities Fund | |
| Van Kampen Core Plus Fixed Income Fund | Van Kampen Core Plus Fixed Income Fund | |
| Van Kampen Corporate Bond Fund | Van Kampen Corporate Bond Fund | |
| Van Kampen Government Securities Fund | Van Kampen Government Securities Fund | |
| Van Kampen High Yield Fund | Van Kampen High Yield Fund | |
| Van Kampen Limited Duration Fund | Van Kampen Limited Duration Fund | |
| Van Kampen Money Market Fund | AIM Money Market Fund |
AIM SECTOR FUNDS
(Acquired Funds) | (Acquiring Funds) | |
| Morgan Stanley Mid-Cap Value Fund | Invesco Mid-Cap Value Fund | |
| Morgan Stanley Small-Mid Special Value Fund | Invesco Small-Mid Special Value Fund | |
| Morgan Stanley Special Value Fund | Invesco Special Value Fund | |
| Morgan Stanley Technology Fund | Invesco Technology Fund |
| Morgan Stanley U.S. Mid Cap Value Fund | Invesco U.S. Mid Cap Value Fund | |
| Morgan Stanley U.S. Small Cap Value Fund | Invesco U.S. Small Cap Value Fund | |
| Morgan Stanley U.S. Small/Mid Cap Value Fund | Invesco U.S. Small/Mid Cap Value Fund | |
| Morgan Stanley Value Fund | Invesco Value Fund | |
| Morgan Stanley Value Fund | Invesco Value II Fund | |
| Van Kampen American Value Fund | Van Kampen American Value Fund | |
| Van Kampen Capital Growth Fund | Van Kampen Capital Growth Fund | |
| Van Kampen Comstock Fund | Van Kampen Comstock Fund | |
| Van Kampen Enterprise Fund | Van Kampen Enterprise Fund | |
| Van Kampen Mid Cap Growth Fund | Van Kampen Mid Cap Growth Fund | |
| Van Kampen Small Cap Value Fund | Van Kampen Small Cap Value Fund | |
| Van Kampen Technology Fund | Van Kampen Technology Fund | |
| Van Kampen Utility Fund | Van Kampen Utility Fund | |
| Van Kampen Value Opportunities Fund | Van Kampen Value Opportunities Fund |
AIM TAX-EXEMPT FUNDS
(Acquired Funds) | (Acquiring Funds) | |
| Morgan Stanley Municipal Fund | Invesco Municipal Fund | |
| Morgan Stanley Tax-Exempt Securities Trust | Invesco Tax-Exempt Securities Fund | |
| Van Kampen California Insured Tax Free Fund | Van Kampen California Insured Tax Free Fund | |
| Van Kampen High Yield Municipal Fund | Van Kampen High Yield Municipal Fund | |
| Van Kampen Insured Tax Free Income Fund | Van Kampen Insured Tax Free Income Fund | |
| Van Kampen Intermediate Term Municipal Income Fund | Van Kampen Intermediate Term Municipal Income Fund | |
| Van Kampen Municipal Income Fund | Van Kampen Municipal Income Fund | |
| Van Kampen New York Tax Free Income Fund | Van Kampen New York Tax Free Income Fund | |
| Van Kampen Tax Free Money Fund | AIM Tax-Exempt Cash Fund |
AIM VARIABLE INSURANCE FUNDS
(Acquired Funds) | (Acquiring Funds) | |
| Morgan Stanley Select Dimensions Balanced Portfolio | Invesco V.I. Select Dimensions Balanced Fund | |
| Morgan Stanley Select Dimensions Dividend Growth Portfolio | Invesco V.I. Select Dimensions Dividend Growth Fund | |
| Morgan Stanley Select Dimensions Equally- Weighted S&P 500 Portfolio | Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund | |
| Morgan Stanley Variable Investment Series Dividend Growth Portfolio | Invesco V.I. Dividend Growth Fund | |
| Morgan Stanley Variable Investment Series Global Dividend Growth Portfolio | Invesco V.I. Global Dividend Growth Fund | |
| Morgan Stanley Variable Investment Series High Yield Portfolio | Invesco V.I. High Yield Fund |
| Morgan Stanley Variable Investment Series Income Builder Portfolio | Invesco V.I. Income Builder Fund | |
| Morgan Stanley Variable Investment Series S&P 500 Index Portfolio | Invesco V.I. S&P 500 Index Fund | |
| Van Kampen UIF Equity and Income Portfolio | Van Kampen V.I. Equity and Income Fund | |
| Van Kampen UIF Global Value Equity Portfolio | Van Kampen V.I. Global Value Equity Fund | |
| Van Kampen UIF High Yield Portfolio | Van Kampen V.I. High Yield Fund | |
| Van Kampen UIF International Growth Equity Portfolio | Van Kampen V.I. International Growth Equity Fund | |
| Van Kampen UIF U.S. Mid Cap Value Portfolio | Van Kampen V.I. Mid Cap Value Fund | |
| Van Kampen UIF Value Portfolio | Van Kampen V.I. Value Fund | |
| Van Kampen LIT Capital Growth Portfolio | Van Kampen V.I. Capital Growth Fund | |
| Van Kampen LIT Comstock Portfolio | Van Kampen V.I. Comstock Fund | |
| Van Kampen LIT Global Tactical Asset Allocation Portfolio | Van Kampen V.I. Global Tactical Asset Allocation Fund | |
| Van Kampen LIT Government Portfolio | Van Kampen V.I. Government Fund | |
| Van Kampen LIT Growth and Income Portfolio | Van Kampen V.I. Growth and Income Fund | |
| Van Kampen LIT Mid Cap Growth Portfolio | Van Kampen V.I. Mid Cap Growth Fund |