<DOCUMENT>
<TYPE>EX-99.77M MERGERS
<SEQUENCE>4
<FILENAME>ex77m.txt
<TEXT>
ITEM 77M: Mergers

Van  Kampen  Advantage Municipal Income Trust II (the  "Acquiring
Fund")

            On  January  11,  2006,  at  a  Special  Meeting   of
Shareholders of Van Kampen Municipal Opportunity Trust II and Van
Kampen  Value  Municipal Income Trust (each the  "Target  Fund"),
shareholders of each Target Fund approved an Agreement  and  Plan
of  Reorganization (the "Reorganization Agreement")  between  the
Acquiring   Fund  and  each  Target  Fund,  pursuant   to   which
substantially  all  of the assets of each Target  Fund  would  be
combined  with  those of the Acquiring Fund and  shareholders  of
each  Target Fund would receive shares of the Acquiring Fund with
a  value equal to the value of their holdings in the Target  Fund
(the   "Reorganization").   The  Reorganization   Agreement   was
unanimously  approved  by the Board of Trustees  on  February  3,
2005.

           On  January 27, 2006, the Reorganization between  each
Target Fund and the Acquiring Fund was completed according to the
terms set forth in the Reorganization Agreement.


</TEXT>
</DOCUMENT>
