Van Kampen Closed-End Municipal Funds Announce Board Approval to Seek Alternative Form of Leverage to Partially Redeem Preferred Shares

CHICAGO (May 9, 2008) - Yesterday, the Boards of Trustees for the following Van Kampen Closed-End Municipal Funds: Van Kampen Advantage Municipal Income Trust II (NYSE: VKI), Van Kampen Municipal Opportunity Trust (NYSE: VMO), Van Kampen Municipal Trust (NYSE: VKQ), Van Kampen Select Sector Municipal Trust (NYSE: VKL), Van Kampen Trust For Insured Municipals (NYSE:VIM), Van Kampen Trust For Investment Grade Municipals (NYSE:VGM), Van Kampen California Value Municipal Income Trust (NYSE:VCV), Van Kampen Massachusetts Value Municipal Income Trust (NYSE:VMV), Van Kampen Ohio Quality Municipal Trust (NYSE:VOQ), Van Kampen Pennsylvania Value Municipal Trust (NYSE:VPV), Van Kampen Trust For Investment Grade New York Municipals (NYSE:VTN), and Van Kampen Trust For Investment Grade New Jersey Municipals (NYSE:VTJ), each a registered closed-end investment company (the “Funds”), approved the use of alternative sources of leverage which in turn would enable the Funds to redeem a portion of the shares of one or more series of each Fund’s outstanding auction preferred shares (“Preferred Shares”). Specifically, the Board of each Fund approved the use of Tender Option Bonds (TOBs) to refinance up to 20 percent of each Fund’s Preferred Shares leverage, subject to acceptable terms, market conditions and the availability of municipal bonds and liquidity providers as set forth below. The Board of Trustees of each Fund believes that in light of the continued failed auctions, it is appropriate for the Funds to seek other sources of leverage.

TOBs are derivative securities created by placing high quality municipal bonds into a trust arrangement and, in exchange, each respective Fund receives cash and a residual interest security (sometimes referred to as an “inverse floater”) issued by the trust. The trust then issues securities (sometimes referred to as “floaters”) which are purchased by third parties and which pay interest rates that reset weekly based on a short-term index rate. These floater securities, once purchased, can be tendered back by the holder to a liquidity provider at par. The Funds would continue to earn the interest from the bonds that comprise the trust, less the interest paid to the holders of the floaters and any fees associated with the transaction. Additionally, the Funds would use the cash received from the municipal bonds placed in the trust and from the issuance of the floaters for investment purposes.

The successful implementation and use of TOBs depends on a number of factors, including the availability of high quality municipal bonds at certain yield levels to be transferred to the trust structure, the ability to secure liquidity providers for the put feature, and the general market demand for the floaters issued by the trust. TOBs are subject to leverage risk and interest rate risk. A rise in short-term interest rates would result in an increase in the interest payable on the floaters but a decrease in the income generated by the inverse floaters, thereby resulting in a decline in the income to the common shareholders, and possibly a decline in the overall yield and market value of each respective Fund’s common shares.

While the Board of each Fund has approved the use of this alternative form of leverage to redeem a portion of each Fund’s Preferred Shares, there is no specific timetable for the redemption of the Preferred Shares. The Funds anticipate that the redemption and refinancing of the Preferred Shares will take place over a period of time, and the amount of such redemptions for each Fund will be determined by acceptable terms on the TOBs, market conditions and the factors set forth above. If a Fund determines to redeem a portion of a series of Preferred Shares, such redemption will be pro rata and a notice of redemption containing specific details with respect to a particular redemption will be issued.

Van Kampen Asset Management, the Funds' investment adviser, is a wholly owned subsidiary of Van Kampen Investments Inc. (“Van Kampen”). Van Kampen is one of the nation’s largest investment management companies, with approximately $107 billion in assets under management or supervision, as of February 29, 2008. With roots in money management dating back to 1927, Van Kampen has helped nearly four generations of investors achieve their financial goals.