Invesco Unit Trusts Taxable Income Series 480 – ‘487’ on 7/21/14 – EX-99.3.1

On:  Monday, 7/21/14, at 3:34pm ET   ·   Effective:  7/21/14   ·   Accession #:  1528621-14-2341   ·   File #:  333-191356

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Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 487         Tis 480                                               87±   375K 
 2: EX-99.1.1   Trust Agreement                                        3±    10K 
 3: EX-99.3.1   Legal Opinion                                          3±    14K 
 4: EX-99.3.3   Legal Opinion                                          2±    11K 
 5: EX-99.4.1   Standard & Poor's Consent                              1      8K 
 6: EX-99.4.2   Grant Thornton Consent                                 1      5K 

EX-99.3.1   —   Legal Opinion

                                                                     EXHIBIT 3.1

[LETTERHEAD OF PAUL HASTINGS LLP]                                               

July 21, 2014                                                                   

Invesco Capital Markets, Inc.                                                   
11 Greenway Plaza                                                               
Houston, Texas 77046-1173                                                       

Re: Invesco Unit Trusts, Taxable Income Series 480 (the "Trust")
--------------------------------------------------------------------------------

Ladies and Gentlemen:                                                           

We have acted as counsel for Invesco Capital Markets, Inc. as depositor and     
sponsor (the "Depositor") of the Trust in connection with the deposit of        
securities (the "Securities") therein pursuant to the Indenture referred to     
below, by which the Trust was created and under which the units of fractional   
undivided interest (collectively, the "Units") have been issued. Pursuant to the
Indenture, the Depositor has transferred to the Trust certain bonds and         
contracts to purchase certain bonds together with irrevocable letters of credit 
to be held by the Trustee upon the terms and conditions set forth in the        
Indenture. (All bonds to be acquired by the Trust are collectively referred to  
as the "Bonds.")                                                                

In connection with our representation, we have examined the originals or        
certified copies of the following documents relating to the creation of the     
Trust, the deposit of the Securities and the issuance and sale of the Units: (a)
the Standard Terms and Conditions of Trust For Invesco Unit Trusts, Taxable     
Income Series, Effective for Unit Investment Trusts Established On and After    
December 10, 2012 (Including Invesco Unit Trusts, Taxable Income Series 429 and 
Subsequent Series), and the Trust Agreement of even date herewith relating to   
the Trust (collectively, the "Indenture") among the Depositor, Invesco          
Investment Advisers LLC, as supervisor, The Bank of New York Mellon, as trustee 
(the "Trustee"), and Standard & Poor's Securities Evaluations, Inc., a          
subsidiary of the McGraw-Hill Companies, Inc., as evaluator; (b) the Closing    
Memorandum relating to the deposit of the Securities in the Trust, which        
includes certification by an authorized officer of the Depositor with respect to
certain factual matters contained therein ("Officer's Certification"); (c) the  
Notification of Registration on Form N-8A and the Registration Statements on    
Form N-8B-2, as amended, relating to the Trust, as filed with the Securities and
Exchange Commission (the "Commission") pursuant to the Investment Company Act of
1940, as amended (the "1940 Act"); (d) the Registration Statement on Form S-6   
(Registration No. 333-191356) filed with the Commission pursuant to the         
Securities Act of 1933, as amended (the "1933 Act"), and all Amendments thereto 
(said Registration Statement, as amended by said Amendment(s) being herein      
called the "Registration Statement"); (e) the proposed form of final prospectus 
(the "Prospectus") relating to the Units, which is expected to be filed with the
Commission this day; (f) the Certificate of Incorporation and By-Laws of the    
Depositor, as amended, each certified to by an authorized officer of the        
Depositor; and (g) certificates or telegrams of public officials as to matters  
set forth upon therein.                                                         

We have assumed the genuineness of all agreements, instruments and documents    
submitted to us as originals and the conformity to originals of all copies      
thereof submitted to us. We have also assumed the genuineness of all signatures 
and the legal capacity of all persons executing agreements, instruments and     
documents examined or relied upon by us.                                        

Where matters are stated to be "to the best of our knowledge" or "known to us," 
our knowledge is limited to the actual knowledge of those attorneys in our      
office who have performed services for the Trust, their review of documents     
provided to us by the Depositor in connection with this engagement and inquiries
of officers of the Depositor, the results of which are reflected in the         
Officer's Certification. We have not independently verified the accuracy of the 
matters set forth in the written statements or certificates upon which we have  
relied. We have not reviewed the financial statements, compilation of the Bonds 
held by the Trust, or other financial or statistical data contained in the      
Registration Statement and the Prospectus, as to which we understand you have   
been furnished with the reports of the accountants appearing in the Registration
Statement and the Prospectus. In addition, we have made no specific inquiry as  
to whether any stop order or investigatory proceedings have been commenced with 
respect to the Registration Statement or the Depositor nor have we reviewed     
court or governmental agency dockets.                                           

Statements in this opinion as to the validity, binding effect and enforceability
of agreements, instruments and documents are subject: (i) to limitations as to  
enforceability imposed by bankruptcy, reorganization, moratorium, insolvency and
other laws of general application relating to or affecting the enforceability of
creditors' rights, and (ii) to limitations under equitable principles governing 
the availability of equitable remedies.                                         

We are not admitted to the practice of law in any jurisdiction but the State of 
New York and we do not hold ourselves out as experts in or express any opinion  
as to the laws of other states or jurisdictions except as to matters of federal 
law. No opinion is expressed as to the effect that the law of any other         
jurisdiction might have upon the subject matter of the opinions expressed herein
under applicable conflicts of law principles, rules or regulations or otherwise.
Based on and subject to the foregoing, we are of the opinion that:              

(1) The Indenture has been duly authorized and executed and delivered by an     
authorized officer of the Depositor and is a valid and binding obligation of the
Depositor in accordance with its terms.                                         

(2) The registration of the Units on the registration books of the Trust by the 
Trustee has been duly authorized by the Depositor in accordance with the        
provisions of the Indenture and issued for the consideration contemplated       
therein, the Units will constitute fractional undivided interests in the Trust, 
will be entitled to the benefits of the Indenture, and will conform in all      
material respects to the description thereof contained in the Prospectus. Upon  
payment of the consideration for the Units as provided in the Indenture and the 
Registration Statement, the Units will be validly issued, fully paid and        
non-assessable by the Trust.                                                    

We hereby consent to the filing of this opinion as an exhibit to the            
Registration Statement and to the use of our name in the Registration Statement 
and in the related Prospectus. This opinion is intended solely for the benefit  
of the addressee in connection with the issuance of the Units of the Trust and  
may not be relied upon in any other manner or by any other person without our   
express written consent.                                                        

Very truly yours,                                                               

/s/ PAUL HASTINGS LLP                                                           

PAUL HASTINGS LLP                                                               

Dates Referenced Herein

This ‘487’ Filing		Date		Other Filings
Filed on / Effective on:		7/21/14		None on these Dates
		12/10/12
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