VAN KAMPEN
                                                     FUNDS INC.

NEWS RELEASE                              1 Parkview Plaza -  P.O. Box 5555
                                          Oakbrook Terrace, Illinois 60181-5555
                                          www.vankampen.com
--------------------------------------------------------------------------------

FOR IMMEDIATE RELEASE

FOR MORE INFORMATION CONTACT:
Chad Peterson
212/762-9612

                     VAN KAMPEN CALIFORNIA MUNICIPAL TRUST
                 ANNOUNCES ADJOURNMENT OF MEETING FOR PROPOSED
                              REORGANIZATION INTO
               VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST

         CHICAGO (August 12, 2005) -- The adjourned joint special meeting of
shareholders of Van Kampen California Municipal Trust (AMEX/CHX: VKC) and Van
Kampen California Value Municipal Income Trust (NYSE/CHX: VCV) was held on
August 12, 2005 and has been further adjourned to September 23, 2005 at 11:30
a.m. with respect to VKC to allow additional time to solicit the additional
votes needed for shareholders of VKC to approve the proposed reorganization as
outlined in the Notice of Joint Special Meeting of Shareholders previously
mailed to shareholders.

         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 $103 billion in assets under management or
supervision, as of July 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 a wholly owned subsidiary of Morgan Stanley
(NYSE:MWD). For more information, visit Van Kampen's web site at
www.vankampen.com.

         The foregoing does not constitute an offer of any securities for sale.
The joint proxy statement/prospectus relating to the proposed reorganization
contains important information and shareholders are urged to read it. Free
copies of the joint proxy statement/prospectus are available by calling Van
Kampen's Client Relations Department at (800) 341-2929 or on the SEC's web site
at www.sec.gov.

                                       ###

Copyright(C)2005 Van Kampen Funds Inc.  All rights reserved.  Member NASD/SIPC.