Let

be a complex Banach space,

the algebra of all bounded
operators acting on

,

the Fréchet
space of all entire functions from the complex plane into

,
endowed with the topology of uniform convergence on the compact
subsets in

. Let

be a subset of

such that the product of any two elements from

is
still an element of

. For

, one
denotes by

the linear continuous operator from

into

defined by

,

,

. One
proves that there exist common invariant subspaces of all operators
in

. In particular, there exist common
invariant subspaces for all operators in

. One
describes the elements of a dense subspace of such an invariant
subspace. On the other side, a differential equation with operator -
valued solution is discussed, in the Hilbert space setting. A
related example is given, where an invariant subspace appears as a
kernel of a differential operator. This subspace stands for a
hyperinvariant subspace related to an arbitrary operator in

.
Finally, the invariance of the unit ball in some

spaces in
terms of polynomials is discussed. To this end, polynomial
approximation on unbounded subsets is applied.