[VAN KAMPEN FUNDS INC. LOGO]

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

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

                  VAN KAMPEN NEW YORK QUALITY MUNICIPAL TRUST,
                VAN KAMPEN NEW YORK VALUE MUNICIPAL INCOME TRUST
                                       AND
            VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK MUNICIPALS
           ANNOUNCE ADJOURNMENT OF MEETING FOR PROPOSED REORGANIZATION

         CHICAGO (September 23, 2005) -- The adjourned joint special meeting of
shareholders of Van Kampen New York Quality Municipal Trust (NYSE/CHX: VNM), Van
Kampen New York Value Municipal Income Trust (NYSE/CHX: VNV) and Van Kampen
Trust for Investment Grade New York Municipals (NYSE/CHX: VTN) was held on
September 23, 2005 and has been further adjourned to October 21, 2005 at 9:30
a.m. Central Time to allow additional time to solicit additional votes in
connection with the proposals 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 August 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.

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