VAN KAMPEN INVESTMENTS
      SHINE

                                IMPORTANT NOTICE


November 23, 2005


The joint special meeting of shareholders (the "Meeting") of Van Kampen
Municipal Opportunity Trust II, Van Kampen Value Municipal Income Trust and Van
Kampen Advantage Municipal Income Trust II (each, a "Fund"), was held on
September 23, 2005 and was adjourned to October 21, 2005 and subsequently
adjourned to November 22, 2005. The joint special meeting has been further
adjourned to January 11, 2006 to allow additional time to solicit additional
votes in connection with the proposals as outlined in the Notice of Joint
Special Meeting of Shareholders previously mailed to you. The adjourned meeting
will be held at 10:30 a.m. Central Time on January 11, 2006 at the offices of
Van Kampen Investments Inc., 1 Parkview Plaza, Oakbrook Terrace, Illinois. 

YOUR VOTE IS IMPORTANT AND YOUR PARTICIPATION IN THE AFFAIRS OF YOUR FUND DOES
MAKE A DIFFERENCE. 

The purpose of the Meeting is to seek shareholder approval for the
reorganization of Van Kampen Municipal Opportunity Trust II and Van Kampen Value
Municipal Income Trust into Van Kampen Advantage Municipal Income Trust II (the
"Reorganization") and the issuance of additional common shares of Van Kampen
Advantage Municipal Income Trust II. The proposed Reorganization seeks to
combine similar funds to achieve certain economies of scale and other
operational efficiencies. 

After careful consideration, the Board of Trustees of each Fund has determined
that the Reorganization and the issuance of additional common shares will
benefit the common shareholders of each Fund and recommends that you cast your
vote "FOR" the proposed Reorganization and the issuance of additional common
shares, as applicable. 

Please join many of your fellow shareholders and cast your vote. To cast your
vote, simply complete the enclosed proxy card and return it in the postage paid
envelope provided. As a matter of convenience, you may cast your vote via the
Internet or by telephone. Instructions for casting your vote via the Internet or
telephone are printed on the enclosed proxy ballot. Additionally, the required
control number for either of these methods is printed on the proxy card. If you
choose to cast your vote via the Internet or telephone, there is no need to mail
the card.

If you have any questions, please do not hesitate to contact the Van Kampen
Client Relations Department at 1-800-341-2929.

We appreciate your careful and prompt consideration of this matter.

VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST II
VAN KAMPEN VALUE MUNICIPAL INCOME TRUST 
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II 

The foregoing does not constitute an offer of any securities for sale. The
joint proxy statement/prospectus relating to the proposed reorganization
contains important information and shareholders are urged to read it. Free
copies of the joint proxy statement/prospectus are available by calling Van
Kampen's Client Relations Department at (800)341-2929 or on the SEC's web site
at www.sec.gov.