<DOCUMENT>
<TYPE>EX-99.(5)(B)
<SEQUENCE>5
<FILENAME>c95895a1exv99wx5yxby.txt
<DESCRIPTION>SPECIMEN SHARE CERTIFICATE
<TEXT>
<PAGE>
                                                                   EXHIBIT 5 (b)

                                   Specimen

              Certificate                                Number of
                Number                                    Shares
                  1                                         900


                                   Van Kampen
               Merritt Pennsylvania Value Municipal Income Trust
          Organized under the laws of the Commonwealth of Pennsylvania
                            Auction Preferred Shares
                         $50,000 Liquidation Preference

                                                           Cusip No.  92112T-108

         This certifies that Cede & Co. is the owner of nine hundred fully paid
and non-assessable preferred shares of beneficial interest, par value $.01 per
shares, liquidation preference $50,000 per share, designated Auction Preferred
Shares, of Van Kampen Merritt Pennsylvania Value Municipal Income Trust for (the
"Fund") transferable only on the books of the Fund by the holder hereof in
person by Attorney upon surrender of this Certificate properly endorsed. This
Certificate is not valid unless countersigned by the registrar and transfer
agent.

         In witness whereof the said Fund has caused this Certificate to be
signed by its duly authorized officer and its corporate seal to be hereunto
affixed this XX day of XXXX, A.D. XXXX.


     Bankers Trust                                Van Kampen
    As Registrar and           Merritt Pennsylvania Value Municipal Income Trust
     Transfer Agent

(illegible signature)      (illegible signature)     (illegible signature)
--------------------       --------------------      --------------------
Authorized Signature            President             Assistant Secretary

         TRANSFER OF THE SHARES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO
THE RESTRICTIONS SPECIFIED IN THE CERTIFICATE OF VOTE OF THE FUND AND IN THE
MASTER PURCHASER'S LETTER, COPIES OF WHICH ARE FILED WITH THE SECRETARY OF THE
FUND.

         THE FUND WILL FURNISH WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO
REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING,
OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF SHARES OR SERIES THEREOF WHICH
IT IS AUTHORIZED TO ISSUE AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF
SUCH PREFERENCES AND/OR RIGHTS. SUCH REQUEST SHOULD BE ADDRESSED TO THE
SECRETARY OF THE FUND.

         NOTICE IS HEREBY GIVEN THAT THIS CERTIFICATE REPRESENTING THE
AUCTION PREFERRED SHARES, AND THE OBLIGATIONS ARISING OUT OF THE ISSUANCE
AND SALE OF THE AUCTION PREFERRED SHARES, ARE NOT BINDING UPON ANY OF THE
TRUSTEES, OFFICERS OR SHAREHOLDERS INDIVIDUALLY BUT ARE BINDING ONLY UPON THE
ASSETS AND PROPERTY OF THE FUND.

         For value received, ______________ does hereby sell, assign and
transfer unto __________________ shares of the Auction Preferred Shares,
represented by the within Certificate, and does hereby irrevocably constitute
and appoint _______________ Attorney to transfer the said shares of beneficial
interest on the books of the within named Fund with full power of substitution
in the premises.

Dated: ___________, 19

In presence of

_____________________________________    __________________________________

</TEXT>
</DOCUMENT>
