EXHIBIT 5(b)


                                    Specimen

Certificate                                            Number of
  Number                                                Shares
    1                                                    3,000

                           Van Kampen Municipal Trust
                   Organized as a Massachusetts Business Trust
                            Auction Preferred Shares
                         $25,000 Liquidation Preference

                                                                     Cusip No.

     This certifies that Cede & Co. is the owner of three thousand (3,000) fully
paid and non-assessable preferred shares of beneficial interest, par value  $.01
per shares, liquidation preference $25,000 per share, designated Auction
Preferred Shares, of Van Kampen Municipal Trust (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 18th day of April, A.D. 2005.

      Deutsche Bank                                  Van Kampen Municipal Trust
    As Registrar and
     Transfer Agent

                         Stefanie V. Chang Yu         Ronald E. Robison
---------------------    --------------------------   ------------------------
Authorized Signature     Vice President & Secretary   Executive Vice President


     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 TO 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.



Date:   ___________, 20

In presence of



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