Van Kampen Municipal Opportunity Trust Announces Completion of Reorganization with Van Kampen Advantage Municipal Income Trust

Van Kampen Asset Management announced today that the
proposed reorganization of Van Kampen Advantage Municipal Income Trust
(NYSE/CHX: VKA) into Van Kampen Municipal Opportunity Trust (NYSE/CHX:
VMO) has been completed. In the reorganization, shareholders of VKA
received newly issued shares of VMO. The conversion exchange rate (the
rate by which one multiplies the amount of VKA common shares to
determine the number of VMO common shares issued as part of the
reorganization) was 0.984721, and the exchange ratio between preferred
shares of VKA and preferred shares of VMO was one VKA preferred share
into one VMO 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 $107 billion
in assets under management or supervision, as of December 31, 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 an indirect wholly-owned subsidiary of
Morgan Stanley (NYSE: MS). For more information, visit Van Kampen's
web site at www.vankampen.com.
   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.
   Copyright (C)2006 Van Kampen Funds Inc. All rights reserved.
Member NASD/SIPC.