On October 19, 2009, Morgan Stanley & Co. Incorporated ("Morgan Stanley"), the parent company of Van Kampen Investments Inc., announced that it has reached a definitive agreement to sell its retail asset management business to Invesco Ltd. ("Invesco"). The transaction (“Transaction”) includes a sale of the part of the asset management business that advises funds, including the Van Kampen family of funds. The Transaction is subject to certain approvals and other conditions to closing, and is currently expected to close in mid-2010.

The affected closed-end funds, each a "Fund," are Van Kampen Advantage Municipal Income Trust II (NYSE: VKI), Van Kampen Bond Fund (NYSE: VBF), Van Kampen Dynamic Credit Opportunities Fund (NYSE: VTA), 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 High Income Trust II (NYSE: VLT), 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 Income Trust (NYSE: VPV), Van Kampen Senior Income Trust (NYSE: VVR), Van Kampen Trust for Investment Grade New Jersey Municipals (NYSE: VTJ) and Van Kampen Trust for Investment Grade New York Municipals (NYSE: VTN).

Under the Investment Company Act of 1940, the closing of the Transaction will cause each Fund’s current investment advisory agreement with Van Kampen Asset Management, a subsidiary of Van Kampen Investments Inc., to terminate. In connection with the Transaction, it is expected that each Fund’s Board of Trustees (together the “Boards”) will be asked to consider and approve changes to each Fund, such as approval of a new investment advisory agreement with affiliate(s) of Invesco. In addition, the Boards may be asked to consider and approve changes related to each Fund's current service providers, governing documents and agreements that conform each Fund to Invesco's service model for investment management. If approved by the Boards, matters will be submitted to the shareholders of such Fund for their approval.

Van Kampen Investments Inc. is one of the nation’s largest investment management companies, with more than $98 billion in assets under management or supervision, as of September 30, 2009. With roots in money management dating back to 1927, Van Kampen has helped more than four generations of investors work toward their financial goals. For more information, visit Van Kampen’s web site at www.vankampen.com.

Copyright ©2009 Van Kampen Funds Inc. All rights reserved. Member NASD/SIPC.

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