Van Kampen Select Sector Municipal Trust Announces Completion of Reorganization with Van Kampen Strategic Sector Municipal Trust

October 10, 2005

Van Kampen Asset Management announced today that the proposed reorganization of Van Kampen Strategic Sector Municipal Trust (NYSE/CHX: VKS) into Van Kampen Select Sector Municipal Trust (AMEX/CHX: VKL) has been completed. In the reorganization, shareholders of VKS received newly issued shares of VKL. The conversion exchange rate (the rate by which one multiplies the amount of VKS common shares to determine the number of VKL common shares issued as part of the reorganization) was 1.001654, and the exchange ratio between preferred shares of VKS and preferred shares of VKL was one VKS preferred share into one VKL preferred share.

Van Kampen Asset Management is a subsidiary of Van Kampen Investments Inc. (“Van Kampen”). Van Kampen is one of the nation’s largest investment management companies, with more than $104 billion in assets under management or supervision, as of September 30, 2005. With roots in money management dating back to 1927, Van Kampen has helped more than four generations of investors work toward their financial goals. Van Kampen is a wholly owned subsidiary of Morgan Stanley (NYSE: MWD).

There is no assurance that the Fund will achieve its investment objective. An investment in the Fund should be made with an understanding of the risks of investment primarily in debt securities. The Fund is subject to the market risks, credit risks, and income risks which generally are affected by changes in interest rates and credit qualities. Accordingly, you can lose money investing in the Fund. The Fund may invest in derivative instruments, which may magnify volatility.