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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-02611

                        Invesco Van Kampen Exchange Fund
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

              1555 Peachtree Street, N.E., Atlanta, Georgia 30309
--------------------------------------------------------------------------------
              (Address of principal executive offices) (Zip code)

                             John M. Zerr, Esquire
               11 Greenway Plaza, Suite 1000 Houston, Texas 77046
--------------------------------------------------------------------------------
                    (Name and address of agent for service)

                                    Copy to:

                            Peter Davidson, Esquire
                             Invesco Advisers, Inc.
                         11 Greenway Plaza, Suite 1000
                               Houston, TX 77046

Registrant's telephone number, including area code: (713) 626-1919

Date of fiscal year end: 12/31

Date of reporting period: 7/01/11 - 06/30/12

     Form N-PX is to be used by a registered management investment company,
other than a small business investment company registered on Form N-5 (Sections
239.24 and 274.5 of this chapter), to file reports with the Commission, not
later than August 31 of each year, containing the registrant's proxy voting
record for the most recent twelve-month period ended June 30, pursuant to
section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17
CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in
its regulatory, disclosure review, inspection, and policymaking roles.

     A registrant is required to disclose the information specified by Form
N-PX, and the Commission will make this information public.  A registrant is not
required to respond to the collection of information contained in Form N-PX
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number.  Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street,
NW, Washington, DC 20549-0609.  The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. Section 3507.

================================================================================

******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-02611
Reporting Period: 07/01/2011 - 06/30/2012
Invesco Van Kampen Exchange Fund









======================= Invesco Van Kampen Exchange Fund =======================


AIR PRODUCTS AND CHEMICALS, INC.

Ticker:       APD            Security ID:  009158106
Meeting Date: JAN 26, 2012   Meeting Type: Annual
Record Date:  NOV 30, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Mario L. Baeza           For       For          Management
2     Elect Director Susan K. Carter          For       For          Management
3     Elect Director John E. McGlade          For       For          Management
4     Ratify Auditors                         For       For          Management
5     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


--------------------------------------------------------------------------------

ALPHA NATURAL RESOURCES, INC.

Ticker:       ANR            Security ID:  02076X102
Meeting Date: MAY 17, 2012   Meeting Type: Annual
Record Date:  MAR 27, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Kevin S. Crutchfield     For       For          Management
2     Elect Director William J. Crowley, Jr.  For       For          Management
3     Elect Director E. Linn Draper, Jr.      For       For          Management
4     Elect Director Glenn A. Eisenberg       For       For          Management
5     Elect Director P. Michael Giftos        For       For          Management
6     Elect Director Deborah M. Fretz         For       For          Management
7     Elect Director Joel Richards, III       For       For          Management
8     Elect Director James F. Roberts         For       For          Management
9     Elect Director Ted G. Wood              For       For          Management
10    Approve Omnibus Stock Plan              For       For          Management
11    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
12    Ratify Auditors                         For       For          Management


--------------------------------------------------------------------------------

AMERICAN INTERNATIONAL GROUP, INC.

Ticker:       AIG            Security ID:  026874784
Meeting Date: MAY 16, 2012   Meeting Type: Annual
Record Date:  MAR 21, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Robert H. Benmosche      For       For          Management
2     Elect Director W. Don Cornwell          For       For          Management
3     Elect Director John H. Fitzpatrick      For       For          Management
4     Elect Director Laurette T. Koellner     For       For          Management
5     Elect Director Donald H. Layton         For       For          Management
6     Elect Director Christopher S. Lynch     For       For          Management
7     Elect Director Arthur C. Martinez       For       For          Management
8     Elect Director George L. Miles, Jr.     For       Against      Management
9     Elect Director Henry S. Miller          For       For          Management
10    Elect Director Robert S. Miller         For       For          Management
11    Elect Director Suzanne Nora Johnson     For       For          Management
12    Elect Director Ronald A. Rittenmeyer    For       For          Management
13    Elect Director Douglas M. Steenland     For       For          Management
14    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
15    Ratify Auditors                         For       For          Management


--------------------------------------------------------------------------------

APACHE CORPORATION

Ticker:       APA            Security ID:  037411105
Meeting Date: MAY 24, 2012   Meeting Type: Annual
Record Date:  MAR 26, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Scott D. Josey           For       For          Management
2     Elect Director George D. Lawrence       For       For          Management
3     Elect Director Rodman D. Patton         For       For          Management
4     Elect Director Charles J. Pitman        For       For          Management
5     Ratify Auditors                         For       For          Management
6     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
7     Declassify the Board of Directors       Against   For          Shareholder


--------------------------------------------------------------------------------

BAKER HUGHES INCORPORATED

Ticker:       BHI            Security ID:  057224107
Meeting Date: APR 26, 2012   Meeting Type: Annual
Record Date:  MAR 01, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Larry D. Brady           For       For          Management
1.2   Elect Director Clarence P. Cazalot, Jr. For       For          Management
1.3   Elect Director Martin S. Craighead      For       For          Management
1.4   Elect Director Chad C. Deaton           For       For          Management
1.5   Elect Director Anthony G. Fernandes     For       For          Management
1.6   Elect Director Claire W. Gargalli       For       For          Management
1.7   Elect Director Pierre H. Jungels        For       For          Management
1.8   Elect Director James A. Lash            For       For          Management
1.9   Elect Director J. Larry Nichols         For       For          Management
1.10  Elect Director H. John Riley, Jr.       For       For          Management
1.11  Elect Director J. W. Stewart            For       For          Management
1.12  Elect Director Charles L. Watson        For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
4     Require a Majority Vote for the         Against   For          Shareholder
      Election of Directors


--------------------------------------------------------------------------------

BAXTER INTERNATIONAL INC.

Ticker:       BAX            Security ID:  071813109
Meeting Date: MAY 08, 2012   Meeting Type: Annual
Record Date:  MAR 12, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director James R. Gavin, III      For       For          Management
2     Elect Director Peter S. Hellman         For       For          Management
3     Elect Director K. J. Storm              For       For          Management
4     Ratify Auditors                         For       For          Management
5     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
6     Declassify the Board of Directors       For       For          Shareholder
7     Reduce Supermajority Vote Requirement   For       For          Shareholder


--------------------------------------------------------------------------------

BP PLC

Ticker:       BP.            Security ID:  055622104
Meeting Date: APR 12, 2012   Meeting Type: Annual
Record Date:  MAR 30, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Remuneration Report             For       For          Management
3     Re-elect Robert Dudley as Director      For       For          Management
4     Re-elect Iain Conn as Director          For       For          Management
5     Elect Dr Brian Gilvary as Director      For       For          Management
6     Re-elect Dr Byron Grote as Director     For       For          Management
7     Re-elect Paul Anderson as Director      For       For          Management
8     Re-elect Frank Bowman as Director       For       For          Management
9     Re-elect Antony Burgmans as Director    For       For          Management
10    Re-elect Cynthia Carroll as Director    For       For          Management
11    Re-elect George David as Director       For       For          Management
12    Re-elect Ian Davis as Director          For       For          Management
13    Elect Dame Ann Dowling as Director      For       For          Management
14    Re-elect Brendan Nelson as Director     For       For          Management
15    Re-elect Phuthuma Nhleko as Director    For       For          Management
16    Elect Andrew Shilston as Director       For       For          Management
17    Re-elect Carl-Henric Svanberg as        For       For          Management
      Director
18    Reappoint Ernst & Young LLP as          For       For          Management
      Auditors and Authorise Their
      Remuneration
19    Authorise Market Purchase               For       For          Management
20    Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights
21    Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
22    Authorise the Company to Call EGM with  For       Against      Management
      Two Weeks' Notice


--------------------------------------------------------------------------------

CARDINAL HEALTH, INC.

Ticker:       CAH            Security ID:  14149Y108
Meeting Date: NOV 02, 2011   Meeting Type: Annual
Record Date:  SEP 06, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Colleen F. Arnold        For       For          Management
2     Elect Director George S. Barrett        For       For          Management
3     Elect Director Glenn A. Britt           For       For          Management
4     Elect Director Carrie S. Cox            For       For          Management
5     Elect Director Calvin Darden            For       For          Management
6     Elect Director Bruce L. Downey          For       For          Management
7     Elect Director John F. Finn             For       For          Management
8     Elect Director Gregory B. Kenny         For       For          Management
9     Elect Director David P. King            For       For          Management
10    Elect Director Richard C. Notebaert     For       For          Management
11    Elect Director David W. Raisbeck        For       For          Management
12    Elect Director Jean G. Spaulding        For       For          Management
13    Ratify Auditors                         For       For          Management
14    Approve Omnibus Stock Plan              For       For          Management
15    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
16    Advisory Vote on Say on Pay Frequency   One Year  One Year     Management
17    Require Independent Board Chairman      Against   Against      Shareholder


--------------------------------------------------------------------------------

CAREFUSION CORPORATION

Ticker:       CFN            Security ID:  14170T101
Meeting Date: NOV 02, 2011   Meeting Type: Annual
Record Date:  SEP 06, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Jacqueline B. Kosecoff,  For       For          Management
      Ph.D.
2     Elect Director Michael D. O'Halleran    For       For          Management
3     Elect Director Robert P. Wayman         For       For          Management
4     Ratify Auditors                         For       For          Management
5     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
6     Advisory Vote on Say on Pay Frequency   One Year  One Year     Management


--------------------------------------------------------------------------------

EXPRESS SCRIPTS HOLDING COMPANY

Ticker:       ESRX           Security ID:  30219G108
Meeting Date: MAY 30, 2012   Meeting Type: Annual
Record Date:  APR 11, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Gary G. Benanav          For       For          Management
2     Elect Director Maura C. Breen           For       For          Management
3     Elect Director William J. Delaney       For       For          Management
4     Elect Director Nicholas J. Lahowchic    For       For          Management
5     Elect Director Thomas P. Mac Mahon      For       For          Management
6     Elect Director Frank Mergenthaler       For       For          Management
7     Elect Director Woodrow A. Myers, Jr.    For       For          Management
8     Elect Director John O. Parker, Jr.      For       For          Management
9     Election Of Director: George Paz        For       For          Management
10    Election Of Director: Myrtle S. Potter  For       For          Management
11    Elect Director William L. Roper         For       For          Management
12    Elect Director Samuel K. Skinner        For       For          Management
13    Elect Director Seymour Sternberg        For       For          Management
14    Ratify Auditors                         For       For          Management
15    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
16    Report on Political Contributions       Against   Abstain      Shareholder
17    Provide Right to Act by Written Consent Against   For          Shareholder


--------------------------------------------------------------------------------

EXXON MOBIL CORPORATION

Ticker:       XOM            Security ID:  30231G102
Meeting Date: MAY 30, 2012   Meeting Type: Annual
Record Date:  APR 04, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director M.J. Boskin              For       For          Management
1.2   Elect Director P. Brabeck-Letmathe      For       For          Management
1.3   Elect Director L.R. Faulkner            For       For          Management
1.4   Elect Director J.S. Fishman             For       For          Management
1.5   Elect Director H.H. Fore                For       For          Management
1.6   Elect Director K.C. Frazier             For       For          Management
1.7   Elect Director W.W. George              For       For          Management
1.8   Elect Director S.J. Palmisano           For       For          Management
1.9   Elect Director S.S. Reinemund           For       For          Management
1.10  Elect Director R.W. Tillerson           For       For          Management
1.11  Elect Director E.E. Whitacre, Jr.       For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
4     Require Independent Board Chairman      Against   For          Shareholder
5     Require a Majority Vote for the         Against   For          Shareholder
      Election of Directors
6     Report on Political Contributions       Against   Against      Shareholder
7     Amend EEO Policy to Prohibit            Against   Against      Shareholder
      Discrimination based on Sexual
      Orientation and Gender Identity
8     Report on Hydraulic Fracturing Risks    Against   For          Shareholder
      to Company
9     Adopt Quantitative GHG Goals for        Against   Against      Shareholder
      Products and Operations


--------------------------------------------------------------------------------

FLUOR CORPORATION

Ticker:       FLR            Security ID:  343412102
Meeting Date: MAY 03, 2012   Meeting Type: Annual
Record Date:  MAR 09, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Peter K. Barker          For       For          Management
2     Elect Director Alan M. Bennett          For       For          Management
3     Elect Director Dean R. O'Hare           For       For          Management
4     Elect Director David T. Seaton          For       For          Management
5     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
6     Provide Right to Call Special Meeting   For       For          Management
7     Ratify Auditors                         For       For          Management


--------------------------------------------------------------------------------

HALLIBURTON COMPANY

Ticker:       HAL            Security ID:  406216101
Meeting Date: MAY 16, 2012   Meeting Type: Annual
Record Date:  MAR 19, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Alan M. Bennett          For       For          Management
2     Elect Director James R. Boyd            For       For          Management
3     Elect Director Milton Carroll           For       For          Management
4     Elect Director Nance K. Dicciani        For       For          Management
5     Elect Director Murry S. Gerber          For       For          Management
6     Elect Director S. Malcolm Gillis        For       For          Management
7     Elect Director Abdallah S. Jum'ah       For       For          Management
8     Elect Director David J. Lesar           For       For          Management
9     Elect Director Robert A. Malone         For       For          Management
10    Elect Director J. Landis Martin         For       For          Management
11    Elect Director Debra L. Reed            For       For          Management
12    Ratify Auditors                         For       For          Management
13    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
14    Amend Omnibus Stock Plan                For       For          Management


--------------------------------------------------------------------------------

HESS CORPORATION

Ticker:       HES            Security ID:  42809H107
Meeting Date: MAY 02, 2012   Meeting Type: Annual
Record Date:  MAR 16, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director J.B. Hess                For       For          Management
2     Elect Director S.W. Bodman              For       Against      Management
3     Elect Director R. Lavizzo Mourey        For       For          Management
4     Elect Director C.G. Matthews            For       For          Management
5     Elect Director E.H. Von Metzsch         For       Against      Management
6     Ratify Auditors                         For       For          Management
7     Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
8     Amend Omnibus Stock Plan                For       For          Management
9     Declassify the Board of Directors       None      For          Shareholder


--------------------------------------------------------------------------------

HONEYWELL INTERNATIONAL INC.

Ticker:       HON            Security ID:  438516106
Meeting Date: APR 23, 2012   Meeting Type: Annual
Record Date:  FEB 24, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Gordon M. Bethune        For       For          Management
2     Elect Director Kevin Burke              For       For          Management
3     Elect Director Jaime Chico Pardo        For       For          Management
4     Elect Director David M. Cote            For       For          Management
5     Elect Director D. Scott Davis           For       For          Management
6     Elect Director Linnet F. Deily          For       For          Management
7     Elect Director Judd Gregg               For       For          Management
8     Elect Director Clive R. Hollick         For       For          Management
9     Elect Director George Paz               For       For          Management
10    Elect Director Bradley T. Sheares       For       For          Management
11    Ratify Auditors                         For       For          Management
12    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
13    Require Independent Board Chairman      Against   Against      Shareholder
14    Report on Political Contributions       Against   Against      Shareholder


--------------------------------------------------------------------------------

HSBC HOLDINGS PLC

Ticker:       HSBA           Security ID:  404280406
Meeting Date: MAY 25, 2012   Meeting Type: Annual
Record Date:  MAR 27, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Approve Remuneration Report             For       For          Management
3a    Re-elect Safra Catz as Director         For       For          Management
3b    Re-elect Laura Cha as Director          For       For          Management
3c    Re-elect Marvin Cheung as Director      For       For          Management
3d    Re-elect John Coombe as Director        For       For          Management
3e    Elect Joachim Faber as Director         For       For          Management
3f    Re-elect Rona Fairhead as Director      For       For          Management
3g    Re-elect Douglas Flint as Director      For       For          Management
3h    Re-elect Alexander Flockhart as         For       For          Management
      Director
3i    Re-elect Stuart Gulliver as Director    For       For          Management
3j    Re-elect James Hughes-Hallett as        For       For          Management
      Director
3k    Re-elect William Laidlaw as Director    For       For          Management
3l    Elect John Lipsky as Director           For       For          Management
3m    Re-elect Janis Lomax as Director        For       For          Management
3n    Re-elect Iain Mackay as Director        For       For          Management
3o    Re-elect Nagavara Murthy as Director    For       For          Management
3p    Re-elect Sir Simon Robertson as         For       For          Management
      Director
3q    Re-elect John Thornton as Director      For       Against      Management
4     Reappoint KPMG Audit plc as Auditors    For       For          Management
      and Authorise Their Remuneration
5     Authorise Issue of Equity with          For       For          Management
      Pre-emptive Rights
6     Authorise Issue of Equity without       For       For          Management
      Pre-emptive Rights
7     Authorise Market Purchase               For       For          Management
8     Approve Scrip Dividend Program          For       For          Management
9     Authorise the Company to Call EGM with  For       Against      Management
      Two Weeks' Notice


--------------------------------------------------------------------------------

INTEL CORPORATION

Ticker:       INTC           Security ID:  458140100
Meeting Date: MAY 17, 2012   Meeting Type: Annual
Record Date:  MAR 19, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Charlene Barshefsky      For       For          Management
2     Elect Director Andy D. Bryant           For       For          Management
3     Elect Director Susan L. Decker          For       For          Management
4     Elect Director John J. Donahoe          For       For          Management
5     Elect Director Reed E. Hundt            For       For          Management
6     Elect Director Paul S. Otellini         For       For          Management
7     Elect Director James D. Plummer         For       For          Management
8     Elect Director David S. Pottruck        For       For          Management
9     Elect Director Frank D. Yeary           For       For          Management
10    Elect Director David B. Yoffie          For       For          Management
11    Ratify Auditors                         For       For          Management
12    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
13    Adopt Proxy Statement Reporting on      Against   Against      Shareholder
      Political Contributions and Advisory
      Vote


--------------------------------------------------------------------------------

INTERNATIONAL BUSINESS MACHINES CORPORATION

Ticker:       IBM            Security ID:  459200101
Meeting Date: APR 24, 2012   Meeting Type: Annual
Record Date:  FEB 24, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Alain J.P. Belda         For       For          Management
2     Elect Director William R. Brody         For       For          Management
3     Elect Director Kenneth I. Chenault      For       For          Management
4     Elect Director Michael L. Eskew         For       Against      Management
5     Elect Director David N. Farr            For       For          Management
6     Elect Director Shirley Ann Jackson      For       For          Management
7     Elect Director Andrew N. Liveris        For       Against      Management
8     Elect Director W. James McNerney, Jr.   For       For          Management
9     Elect Director James W. Owens           For       For          Management
10    Elect Director Samuel J. Palmisano      For       For          Management
11    Elect Director Virginia M. Rometty      For       For          Management
12    Elect Director Joan E. Spero            For       For          Management
13    Elect Director Sidney Taurel            For       For          Management
14    Elect Director Lorenzo H. Zambrano      For       Against      Management
15    Ratify Auditors                         For       For          Management
16    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
17    Provide for Cumulative Voting           Against   Against      Shareholder
18    Report on Political Contributions       Against   Against      Shareholder
19    Report on Lobbying Expenses             Against   Against      Shareholder


--------------------------------------------------------------------------------

INTERNATIONAL FLAVORS & FRAGRANCES INC.

Ticker:       IFF            Security ID:  459506101
Meeting Date: MAY 01, 2012   Meeting Type: Annual
Record Date:  MAR 05, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Marcello Bottoli         For       For          Management
2     Elect Director Linda B. Buck            For       For          Management
3     Elect Director J. Michael Cook          For       For          Management
4     Elect Director Roger W. Ferguson, Jr.   For       For          Management
5     Elect Director Andreas Fibig            For       For          Management
6     Elect Director Alexandra A. Herzan      For       For          Management
7     Elect Director Henry W. Howell, Jr.     For       For          Management
8     Elect Director Katherine M. Hudson      For       For          Management
9     Elect Director Arthur C. Martinez       For       For          Management
10    Elect Director Dale F. Morrison         For       For          Management
11    Elect Director Douglas D. Tough         For       For          Management
12    Ratify Auditors                         For       For          Management
13    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


--------------------------------------------------------------------------------

JOHNSON & JOHNSON

Ticker:       JNJ            Security ID:  478160104
Meeting Date: APR 26, 2012   Meeting Type: Annual
Record Date:  FEB 28, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Mary Sue Coleman         For       For          Management
2     Elect Director James G. Cullen          For       For          Management
3     Elect Director Ian E.l. Davis           For       For          Management
4     Elect Director Alex Gorsky              For       For          Management
5     Elect Director Michael M.e. Johns       For       For          Management
6     Elect Director Susan L. Lindquist       For       For          Management
7     Elect Director Anne M. Mulcahy          For       Against      Management
8     Elect Director Leo F. Mullin            For       For          Management
9     Elect Director William D. Perez         For       For          Management
10    Elect Director Charles Prince           For       Against      Management
11    Elect Director David Satcher            For       For          Management
12    Elect Director William C. Weldon        For       For          Management
13    Elect Director Ronald A. Williams       For       For          Management
14    Advisory Vote to Ratify Named           For       Against      Management
      Executive Officers' Compensation
15    Approve Omnibus Stock Plan              For       For          Management
16    Ratify Auditors                         For       For          Management
17    Require Independent Board Chairman      Against   For          Shareholder
18    Require Shareholder Vote to Approve     Against   Against      Shareholder
      Political Contributions
19    Adopt Animal-Free Training Methods      Against   Against      Shareholder


--------------------------------------------------------------------------------

LOUISIANA-PACIFIC CORPORATION

Ticker:       LPX            Security ID:  546347105
Meeting Date: MAY 04, 2012   Meeting Type: Annual
Record Date:  MAR 05, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Archie W. Dunham         For       For          Management
1.2   Elect Director Daniel K. Frierson       For       For          Management
1.3   Elect Director Curtis M. Stevens        For       For          Management
2     Ratify Auditors                         For       For          Management
3     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation


--------------------------------------------------------------------------------

MEDCO HEALTH SOLUTIONS, INC.

Ticker:       MHS            Security ID:  58405U102
Meeting Date: DEC 21, 2011   Meeting Type: Special
Record Date:  NOV 04, 2011

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Approve Merger Agreement                For       For          Management
2     Adjourn Meeting                         For       For          Management
3     Advisory Vote on Golden Parachutes      For       For          Management


--------------------------------------------------------------------------------

MERCK & CO., INC.

Ticker:       MRK            Security ID:  58933Y105
Meeting Date: MAY 22, 2012   Meeting Type: Annual
Record Date:  MAR 23, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Leslie A. Brun           For       For          Management
2     Elect Director Thomas R. Cech           For       For          Management
3     Elect Director Kenneth C. Frazier       For       For          Management
4     Elect Director Thomas H. Glocer         For       For          Management
5     Elect Director William B. Harrison Jr.  For       For          Management
6     Elect Director C. Robert Kidder         For       For          Management
7     Elect Director Rochelle B. Lazarus      For       For          Management
8     Elect Director Carlos E. Represas       For       For          Management
9     Elect Director Patricia F. Russo        For       For          Management
10    Elect Director Craig B. Thompson        For       For          Management
11    Elect Director Wendell P. Weeks         For       For          Management
12    Elect Director Peter C. Wendell         For       For          Management
13    Ratify Auditors                         For       For          Management
14    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
15    Provide Right to Act by Written Consent Against   For          Shareholder
16    Amend Bylaws -- Call Special Meetings   Against   Against      Shareholder
17    Report on Charitable and Political      Against   Against      Shareholder
      Contributions


--------------------------------------------------------------------------------

PFIZER INC.

Ticker:       PFE            Security ID:  717081103
Meeting Date: APR 26, 2012   Meeting Type: Annual
Record Date:  FEB 28, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Dennis A. Ausiello       For       For          Management
2     Elect Director M. Anthony Burns         For       For          Management
3     Elect Director W. Don Cornwell          For       For          Management
4     Elect Director Frances D. Fergusson     For       For          Management
5     Elect Director William H. Gray, III     For       For          Management
6     Elect Director Helen H. Hobbs           For       For          Management
7     Elect Director Constance J. Horner      For       For          Management
8     Elect Director James M. Kilts           For       For          Management
9     Elect Director George A. Lorch          For       For          Management
10    Elect Director John P. Mascotte         For       For          Management
11    Elect Director Suzanne Nora Johnson     For       For          Management
12    Elect Director Ian C. Read              For       For          Management
13    Elect Director Stephen W. Sanger        For       For          Management
14    Elect Director Marc Tessier-Lavigne     For       For          Management
15    Ratify Auditors                         For       For          Management
16    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
17    Publish Political Contributions         Against   Against      Shareholder
18    Provide Right to Act by Written Consent Against   For          Shareholder
19    Amend Articles/Bylaws/Charter -- Call   Against   For          Shareholder
      Special Meetings
20    Non-Employee Director Compensation      Against   Against      Shareholder


--------------------------------------------------------------------------------

PLUM CREEK TIMBER COMPANY, INC.

Ticker:       PCL            Security ID:  729251108
Meeting Date: MAY 08, 2012   Meeting Type: Annual
Record Date:  MAR 20, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Rick R. Holley           For       For          Management
2     Elect Director Robin Josephs            For       For          Management
3     Elect Director John G. McDonald         For       For          Management
4     Elect Director Robert B. McLeod         For       For          Management
5     Elect Director John F. Morgan Sr.       For       For          Management
6     Elect Director Marc F. Racicot          For       For          Management
7     Elect Director John H. Scully           For       For          Management
8     Elect Director Lawrence A. Selzer       For       For          Management
9     Elect Director Stephen C. Tobias        For       For          Management
10    Elect Director Martin A. White          For       For          Management
11    Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
12    Approve Omnibus Stock Plan              For       For          Management
13    Ratify Auditors                         For       For          Management


--------------------------------------------------------------------------------

SCHLUMBERGER LIMITED

Ticker:       SLB            Security ID:  806857108
Meeting Date: APR 11, 2012   Meeting Type: Annual
Record Date:  FEB 22, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1.1   Elect Director Peter L.S. Currie        For       For          Management
1.2   Elect Director Tony Isaac               For       For          Management
1.3   Elect Director K. Vaman Kamath          For       For          Management
1.4   Elect Director Paal Kibsgaard           For       For          Management
1.5   Elect Director Nikolay Kudryavtsev      For       For          Management
1.6   Elect Director Adrian Lajous            For       For          Management
1.7   Elect Director Michael E. Marks         For       For          Management
1.8   Elect Director Elizabeth Moler          For       For          Management
1.9   Elect Director Lubna S. Olayan          For       For          Management
1.10  Elect Director Leo Rafael Reif          For       For          Management
1.11  Elect Director Tore I. Sandvold         For       For          Management
1.12  Elect Director Henri Seydoux            For       For          Management
2     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
3     Adopt and Approve Financials and        For       For          Management
      Dividends
4     Ratify PricewaterhouseCoopers LLP as    For       For          Management
      Auditors
5     Amend Non-Employee Director Omnibus     For       For          Management
      Stock Plan


--------------------------------------------------------------------------------

SPX CORPORATION

Ticker:       SPW            Security ID:  784635104
Meeting Date: MAY 03, 2012   Meeting Type: Annual
Record Date:  MAR 09, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Elect Director Christopher J. Kearney   For       For          Management
2     Elect Director Martha B. Wyrsch         For       For          Management
3     Elect Director Peter Volanakis          For       For          Management
4     Amend Omnibus Stock Plan                For       For          Management
5     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation
6     Ratify Auditors                         For       For          Management


--------------------------------------------------------------------------------

TRANSOCEAN LTD.

Ticker:       RIGN           Security ID:  H8817H100
Meeting Date: MAY 18, 2012   Meeting Type: Annual
Record Date:  MAY 01, 2012

#     Proposal                                Mgt Rec   Vote Cast    Sponsor
1     Accept Financial Statements and         For       For          Management
      Statutory Reports
2     Appropriation of the Available          For       For          Management
      Earnings for Fiscal Year 2011
3a    Elect Glyn Barker as Director           For       For          Management
3b    Elect Vanessa C.L. Chang  as Director   For       For          Management
3c    Elect Chad Deaton as Director           For       For          Management
3d    Reelect Edward R. Muller as Director    For       For          Management
3e    Reelect Tan Ek Kia as Director          For       For          Management
4     Appointment Of Ernst & Young LLP as     For       For          Management
      Independent Registered Public
      Accounting Firm for Fiscal Year 2012
5     Advisory Vote to Ratify Named           For       For          Management
      Executive Officers' Compensation

========== END NPX REPORT

                                   SIGNATURES

     Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

(Registrant) INVESCO VAN KAMPEN EXCHANGE FUND

By (Signature and Title)*          /s/ COLIN MEADOWS
                         -----------------------------------------
                                     Colin Meadows
                              Principal Executive Officer

Date August 24, 2012

*    Please print the name and title of the signing officer below the
     signature.