[VAN KAMPEN FUNDS INC.]

NEWS RELEASE     1 Parkview Plaza - P.O. Box 5555 - Oakbrook Terrace, 
                 Illinois 60181-5555 - www.vankampen.com

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FOR IMMEDIATE RELEASE

FOR MORE INFORMATION CONTACT:
Chad Peterson
212/762-9612

                  VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST
                                      AND
                     VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
          ANNOUNCE ADJOURNMENT OF MEETING FOR PROPOSED REORGANIZATION

         CHICAGO (October 21, 2005) -- The adjourned joint special meeting of
shareholders of Van Kampen Advantage Municipal Income Trust (NYSE/CHX: VKA) and
Van Kampen Municipal Opportunity Trust (NYSE/CHX: VMO) was held on October 21,
2005 and has been further adjourned to November 22, 2005 at 10:30 a.m. Central
Time 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 shareholders.      

         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). For more information, visit Van Kampen's web site at
www.vankampen.com. 

         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. 

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Copyright(C) 2005 Van Kampen Funds Inc.  All rights reserved.  Member NASD/SIPC.