<SEC-DOCUMENT>0000950123-11-092452.txt : 20111027
<SEC-HEADER>0000950123-11-092452.hdr.sgml : 20111027
<ACCEPTANCE-DATETIME>20111027153515
ACCESSION NUMBER:		0000950123-11-092452
CONFORMED SUBMISSION TYPE:	NSAR-A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110831
FILED AS OF DATE:		20111027
DATE AS OF CHANGE:		20111027
EFFECTIVENESS DATE:		20111027

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Van Kampen High Income Trust II
		CENTRAL INDEX KEY:			0000846671
		IRS NUMBER:				366900462
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-A
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05769
		FILM NUMBER:		111161805

	BUSINESS ADDRESS:	
		STREET 1:		VAN KAMPEN INVESTMENTS INC.
		STREET 2:		522 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036
		BUSINESS PHONE:		212-296-6963

	MAIL ADDRESS:	
		STREET 1:		VAN KAMPEN INVESTMENTS INC.
		STREET 2:		522 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10036

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN HIGH INCOME TRUST II
		DATE OF NAME CHANGE:	19981006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN AMERICAN CAPITAL LIMITED TERM HIGH INCOME
		DATE OF NAME CHANGE:	19960102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN MERRITT LIMITED TERM HIGH INCOME TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-A
<SEQUENCE>1
<FILENAME>h85177answer.fil
<DESCRIPTION>SEMI ANNUAL REPORT
<TEXT>
<PAGE>      PAGE  1
000 A000000 08/31/2011
000 C000000 0000846671
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 I000000 6.1
000 J000000 A
001 A000000 INVESCO VAN KAMPEN HIGH INCOME TRUST II
001 B000000 811-05769
001 C000000 8002415477
002 A000000 1555 PEACHTREE ST., NE
002 B000000 ATLANTA
002 C000000 GA
002 D010000 30309
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008 B000001 A
008 C000001 801-33949
008 D010001 Atlanta
008 D020001 GA
008 D030001 30309
008 A000002 Invesco Asset Management Deutschland GmbH
008 B000002 S
008 C000002 801-67712
008 D010002 Frankfurt
008 D050002 Germany
008 D060002 60313
008 A000003 Invesco Asset Management Limited
008 B000003 S
008 C000003 801-50197
008 D010003 London
008 D050003 United Kingdom
008 D060003 EC2A1AG
008 A000004 Invesco Asset Management (Japan) Ltd.
008 B000004 S
008 C000004 801-52601
008 D010004 Tokyo
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008 D060004 105-6025
008 A000005 Invesco Australia Limited
008 B000005 S
008 C000005 801-68638
008 D010005 Melbourne
<PAGE>      PAGE  2
008 D050005 Australia
008 D060005 3000
008 A000006 Invesco Hong Kong Limited
008 B000006 S
008 C000006 801-47856
008 D010006 HONG KONG
008 D050006 HONG KONG
008 A000007 Invesco Senior Secured Management, Inc.
008 B000007 S
008 C000007 801-38119
008 D010007 NEW YORK
008 D020007 NY
008 D030007 10036
008 D040007 2727
008 A000008 Invesco Canada Ltd.
008 B000008 S
008 C000008 801-62166
008 D010008 TORONTO
008 D050008 CANADA
008 D060008 M2N 6X7
010 A000001 Invesco Management Group Inc.
010 B000001 33-67866
010 C010001 Houston
010 C020001 TX
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012 A000001 COMPUTERSHARE TRUST COMPANY, N.A.
012 B000001 85-11340
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
012 C040001 3078
013 A000001 PricewaterhouseCoopers, LLP
013 B010001 HOUSTON
013 B020001 TX
013 B030001 77002
013 B040001 5678
015 A000001 STATE STREET BANK AND TRUST CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 C040001 1713
015 E010001 X
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019 A000000 Y
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019 C000000 INVESCOFDS
021  000000        0
022 A000001 J.P. MORGAN SECURITIES INC.
022 B000001 13-3299429
022 C000001      3833
<PAGE>      PAGE  3
022 D000001      4380
022 A000002 BANC OF AMERICA SECURITIES LLC
022 B000002 56-2058405
022 C000002      5733
022 D000002      1130
022 A000003 STERNE, AGEE & LEACH, INC.
022 B000003 63-0463600
022 C000003      4502
022 D000003      1390
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004      3062
022 D000004      1942
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005      1832
022 D000005      3015
022 A000006 BARCLAYS CAPITAL INC.
022 B000006 06-1031656
022 C000006      2533
022 D000006      2109
022 A000007 CREDIT SUISSE FIRST BOSTON LLC
022 B000007 05-0546650
022 C000007      2184
022 D000007      1961
022 A000008 WELLS FARGO ADVISORS, LLC
022 B000008 34-1542819
022 C000008      1179
022 D000008      2676
022 A000009 DEUTSCHE BANK SECURITIES INC.
022 B000009 13-2730828
022 C000009      2124
022 D000009      1306
022 A000010 GLEACHER PARTNERS LLC
022 B000010 13-4053221
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SIGNATURE   KELLI GALLEGOS
TITLE       ASSISTANT TREASURER AND ASSISTANT VICE PRESIDENT

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>2
<FILENAME>h85177ex77c.txt
<DESCRIPTION>EX-99.77C
<TEXT>
                                                                   Sub-Item 77C

              SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

                    INVESCO VAN KAMPEN HIGH INCOME TRUST II

An  Annual Meeting ("Meeting") of Shareholders of Invesco Van Kampen High Income
Trust  II  was  held  on  June  17,  2011. The  Meeting  was  held  for  the
following  purpose:

(1)  Elect four Class I Trustees, each by the holders of Common Shares of the
     Fund, each of whom will serve for a three year term or until a successor
     has been duly elected and qualified.

The  results  of  the  voting  on  the  above  matter  were  as  follows:

<TABLE>
<CAPTION>
                                       Votes
Matter                     Votes For  Withheld
----------------------     ---------  --------
<S>                        <C>        <C>
(1)   David C. Arch        3,290,426    97,858
      Howard J Kerr        3,269,645   118,639
      Jerry Choate         3,287,112   101,172
      Suzanne Woolsey      3,276,277   112,007
</TABLE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77E LEGAL
<SEQUENCE>3
<FILENAME>h85177ex77e.txt
<DESCRIPTION>EX-99.77E
<TEXT>
                                                                   SUB-ITEM 77E

                    INVESCO VAN KAMPEN HIGH INCOME TRUST II

                               LEGAL PROCEEDINGS

SETTLED  REGULATORY  ENFORCEMENT  ACTIONS  AND  INVESTIGATIONS RELATED TO MARKET
TIMING

     On  October  8, 2004, Invesco Advisers, Inc. (Invesco), successor by merger
to  Invesco  Aim Advisors, Inc. and INVESCO Funds Group, Inc. (IFG), both former
investment  advisers,  along  with  Invesco  Aim  Distributors,  n/k/a  Invesco
Distributors, Inc. (Invesco Distributors) reached final settlements with certain
regulators, including the Securities and Exchange Commission (SEC), the New York
Attorney General and the Colorado Attorney General, to resolve civil enforcement
actions  and/or  investigations related to market timing and related activity in
the  AIM  Funds  (n/k/a  the Invesco Funds), including those formerly advised by
IFG.  As  part  of  the  settlements,  a $325 million fair fund ($110 million of
which  is  civil  penalties)  was  created  to compensate shareholders harmed by
market  timing  and  related  activity  in  funds  formerly  advised  by  IFG.
Additionally,  Invesco  and Invesco Distributors created a $50 million fair fund
($30  million  of which is civil penalties) to compensate shareholders harmed by
market  timing  and related activity in funds advised by Invesco, which was done
pursuant  to  the  terms  of  the settlement.  The methodology of the fair funds
distributions  was  determined  by Invesco's independent distribution consultant
(IDC  Plan),  in  consultation  with Invesco and the independent trustees of the
Invesco  Funds,  and  approved  by  the  SEC  on  May  23,  2008.

     The  IDC  Plan  provides for distribution to all eligible investors for the
periods  spanning  January 1, 2000 through July 31, 2003 (for the IFG Fair Fund)
and  January  1,  2001 through September 30, 2003 (for the AIM Fair Fund), their
proportionate share of the applicable Fair Fund to compensate such investors for
injury  they  may  have  suffered  as  a result of market timing in the affected
funds.  The  IDC  Plan includes a provision for any residual amounts in the Fair
Funds  to  be  distributed in the future to the affected funds.  Further details
regarding  the  IDC Plan and distributions thereunder are available on Invesco's
Web  site,  available  at  http://www.invesco.com/us.

     On  August  30,  2005,  the  West  Virginia  Office  of the State Auditor -
Securities  Commission  (WVASC)  issued  a Summary Order to Cease and Desist and
Notice  of  Right  to Hearing to Invesco and Invesco Distributors (collectively,
Invesco)  (Order  No.  05-1318).  The  WVASC  made findings of fact that Invesco
allegedly  entered  into  certain  arrangements  permitting market timing of the
Invesco  Funds and failed to disclose these arrangements in the prospectuses for
such  Funds, and conclusions of law to the effect that Invesco violated the West
Virginia  securities  laws.  The  WVASC  ordered  Invesco  to  cease any further
violations  and  sought  to  impose monetary sanctions, including restitution to
affected  investors,  disgorgement  of  fees,  reimbursement  of  investigatory,
administrative  and  legal  costs  and  an  "administrative  assessment"  to  be
determined  by the Commissioner.  Invesco is not aware of any further efforts by
WVASC  to  pursue  the  prosecution  of  this matter.  Invesco settled all other
regulatory  investigations  related  to market timing, resulting in: 1) affected
shareholders  receiving  restitution;  2)  Invesco paying disgorgement and civil
penalties;  and  3)  Invesco  taking  remedial actions to prevent market timing.
Accordingly,  Invesco  considers  this  matter  resolved.

OTHER  ACTIONS  INVOLVING  INVESCO  VAN  KAMPEN  HIGH  INCOME  TRUST  II

CLIFFORD T. ROTZ, JR., DERIVATIVELY ON BEHALF OF NOMINAL DEFENDANT INVESCO VAN
KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II, ROBERT FAST, DERIVATIVELY ON BEHALF
OF NOMINAL DEFENDANT INVESCO VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST, GENE
TURBAN, DERIVATIVELY ON BEHALF OF NOMINAL DEFENDANT INVESCO VAN KAMPEN MUNICIPAL
TRUST, LEON MCDERMOTT, DERIVATIVELY ON BEHALF OF NOMINAL DEFENDANT INVESCO VAN
KAMPEN HIGH INCOME TRUST II AND MARILYN MORRISON, HARRY SULESKI AND JOHN
JOHNSON, DERIVATIVELY ON BEHALF OF NOMINAL DEFENDANT INVESCO VAN KAMPEN SENIOR
INCOME TRUST, PLAINTIFF, V. VAN KAMPEN ASSET MANAGEMENT, EDWARD C. WOOD, III,
STUART N. SCHULDT, JOHN L. SULLIVAN, STEFANI V. CHANG YU, KEVIN KLINGERT, JERRY
W. MILLER, RONALD E. ROBISON, AMY R. DOBERMAN, DENNIS SHEA, THOMAS BYRON,

                                       1

<PAGE>

                                                                    SUB-ITEM 77E

ROBERT J. STRYKER, ROBERT W. WIMMEL, WILLIAM BLACK, MARK PARIS, WAYNE D. GODLIN,
CHRISTINA JAMIESON, ANDREW FINDLING, DENNIS M. SCANEY, GERALD FOGARTY, JEFFREY
SCOTT, PHILIP YARROW, STEVEN K. KREIDER, HOWARD TIFFEN AND MORGAN STANLEY,
DEFENDANTS, AND INVESCO VAN KAMPEN ADVTANTAGE MUNICIPAL INCOME TRUST II, INVESCO
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST, INVESCO VAN KAMPEN MUNICIPAL TRUST,
INVESCO VAN KAMPEN HIGH INCOME TRUST II AND INVESCO VAN KAMPEN SENIOR INCOME
TRUST, NOMINAL DEFENDANTS. On January 17, 2011, a Consolidated Amended
Shareholder Derivative Complaint was filed in the Supreme Court of New York, New
York County, on behalf of Invesco Van Kampen High Income Trust II, Invesco Van
Kampen Advantage Municipal Income Trust II, Invesco Van Kampen Municipal
Opportunity Trust, Invesco Van Kampen Municipal Trust and Invesco Van Kampen
Senior Income Trust (the Trusts) against Van Kampen Asset Management, Morgan
Stanley and certain current and former executive officers of the Trusts
(collectively, the Defendants) alleging that they breached their fiduciary
duties to common shareholders by causing the Trusts to redeem Auction Rate
Preferred Securities (ARPS) at their liquidation value. Specifically, the
shareholders claim that the Board and officers had no obligation to provide
liquidity to the ARPS shareholders, the redemptions were improperly motivated to
benefit the prior adviser by preserving business relationships with the ARPS
holders, i.e., institutional investors, and the market value and fair value of
the ARPS were less than par at the time they were redeemed. The Complaint
alleges that the redemption of the ARPS occurred at the expense of the Trusts
and their common shareholders. This Complaint amends and consolidates two
separate complaints that were filed by Clifford T. Rotz, Jr., Robert Fast and
Gene Turban on July 22, 2010, and by Harry Suleski, Leon McDermott, Marilyn
Morrison and John Johnson on August 3, 2010. Each of the Trusts initially
received a demand letter from the plaintiffs on April 8, 2010. Plaintiffs seek
judgment that: 1) orders Defendants to refrain from redeeming any ARPS at their
liquidation value using Trust assets; 2) awards monetary damages against all
Defendants, individually, jointly or severally, in favor of the Trusts, for all
losses and damages allegedly suffered as a result of the redemptions of ARPS at
their liquidation value; 3) grants appropriate equitable relief to remedy the
Defendants' breaches of fiduciary duties; and 4) awards to Plaintiffs the costs
and disbursements of the action. The Board has formed a Special Litigation
Committee (SLC) to investigate these claims and make a recommendation to the
Board regarding whether maintenance of these claims is in the best interests of
the Trusts. Expert reports on behalf of Plaintiffs and Defendants were generated
and presented to the SLC for review. After reviewing the findings of the SLC's
evaluation of the claims, the Board announced on July 12, 2011, that it had
adopted the SLC's recommendation to seek dismissal of the complaint. The parties
agreed to a third amendment to the Stipulation and Proposed Order for Stay of
Litigation, which rescheduled the date the stay was to be lifted to September
20, 2011. On Sept. 2, 2011, the Plaintiffs determined to proceed with litigation
after reviewing the SLC report. The status hearing has been rescheduled for
October 3, 2011.

At  the  present time, management of Invesco and the Invesco Funds are unable to
estimate  the  impact,  if any, that the outcome of the matters described herein
may  have  on  Invesco,  Invesco  Distributors  or  the  Invesco  Funds.

                                       2
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
