Van Kampen Massachusetts Value Municipal Income Trust Announces at Par Redemption of Preferred Shares

August 29, 2008

Chicago (August 29, 2008) – Van Kampen Massachusetts Value Municipal Income Trust (the “Fund”) (NYSE: VMV) hereby announces the date for the partial redemption of its preferred shares. The announced partial redemption totals $2.75 million of the total outstanding preferred shares issued by the Fund.

This redemption announcement follows the June 13, 2008 press release in which Van Kampen announced the initial redemption of a portion of the Fund’s preferred shares with the use of tender option bonds (TOBs).

The amount of preferred shares being redeemed at this time is approximately 12% of the remaining preferred shares outstanding for the Fund bringing total redeemed to 21% or $5.25 million of the Fund’s original preferred shares and is based on a number of factors, including the interests of the common shareholders, the availability of high quality municipal bonds at certain yield levels to be transferred to the trust structure and the ability to secure liquidity providers for the put feature.

With respect to this partial redemption, The Depository Trust Company (DTC), the securities’ holder of record, will determine how the partial series redemptions will be allocated among each participant broker-dealer account. Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.

Redemption Schedule

Van Kampen Massachusetts Value Municipal Income Trust (NYSE: VMV)

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 $138 billion in assets under management or supervision, including approximately $30 billion in assets branded Van Kampen but advised by an affiliate of Van Kampen's, as of May 31, 2008. With roots in money management dating back to 1927, Van Kampen has helped nearly four generations of investors achieve their financial goals.

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