Edgar Filing: VAN KAMPEN MUNICIPAL TRUST

nvq

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-6362

Van Kampen Municipal Trust

(Exact name of registrant as specified in charter)

522 Fifth Avenue, New York, New York 10036

(Address of principal executive offices) (Zip code)

Edward C. Wood III
522 Fifth Avenue, New York, New York 10036

(Name and address of agent for service)

Registrant’s telephone number, including area code: 212-762-4000

Date of fiscal year end: 10/31

Date of reporting period: 1/31/10

Item 1. Schedule of Investments.

The Trust’s schedule of investments as of the close of the reporting period prepared pursuant to Rule 12-12 of Regulation S-X is as follows:

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited)


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Municipal Bonds 162.5%
		Alabama 2.1%
$	2,150	Bessemer, AL Governmental Util Svc Corp Wtr Supply Rev Rfdg, Ser A (AGL Insd) (a)		5.000	%		06/01/39	$	2,177,542
	3,695	Gadsden, AL Wts, Ser B (AMBAC Insd)		5.250			08/01/21		4,057,147
	1,300	Hlthcare Auth for Baptist Hlth AL, Ser A (b)		6.125			11/15/36		1,375,829
	1,725	Huntsville-Redstone Vlg, AL Spl Care Fac Fin Auth Redstone Vlg Proj		5.500			01/01/43		1,285,884
	1,950	Selma, AL Indl Dev Brd Rev Gulf Opportunity Zone Intl Paper Co Proj, Ser A		6.250			11/01/33		1,984,378

									10,880,780

		Alaska 0.7%
	1,000	Matanuska-Susitna Boro, AK Ctf Partn Pub Safety Bldg Lease (AGM Insd)		5.750			03/01/16		1,004,220
	3,870	Northern Tob Sec Corp AK Tob Settlement Rev Asset Bkd, Ser A		5.000			06/01/46		2,613,217

									3,617,437

		Arizona 4.7%
	1,425	Arizona Cap Fac Fin Corp Student Hsg Rev AZ St Univ Proj		6.250			09/01/32		1,346,041
	1,700	Arizona St Trans Brd Hwy Rev, Ser B		5.000			07/01/25		1,863,778
	2,545	Arizona St Trans Brd Hwy Rev, Ser B (a)		5.000			07/01/26		2,777,664
	1,650	Glendale, AZ Indl Dev Auth Rfdg		5.000			12/01/35		1,460,167

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Arizona (continued)
$	1,750	Goodyear, AZ McDowell Rd Coml Corridor Impt Dist Impt (AMBAC Insd)		5.250	%		01/01/32	$	1,738,660
	2,150	Maricopa Cnty, AZ Indl Dev Auth Hlth Fac Rev Catholic Hlthcare West, Ser C (b)		5.000			07/01/38		2,317,549
	1,225	Maricopa Cnty, AZ Pollutn Ctl Corp Pollutn Ctl Rev Rfdg AZ Pub Svc Co, Ser B (b)		5.500			05/01/29		1,283,788
	625	Navajo Cnty, AZ Pollutn Ctl Corp Rev, Ser C (b)		5.500			06/01/34		657,569
	715	Navajo Cnty, AZ Pollutn Ctl Corp Rev, Ser E (b)		5.750			06/01/34		745,266
	640	Phoenix, AZ Indl Dev Auth Ed Rev Career Success Sch Proj		7.000			01/01/39		641,306
	610	Phoenix, AZ Indl Dev Auth Ed Rev Career Success Sch Proj		7.125			01/01/45		611,580
	2,300	Pima Cnty, AZ Indl Dev Auth Wtr & Waste Wtr Rev Global Wtr Resh LLC Proj (AMT)		6.550			12/01/37		2,236,405
	2,050	Salt Riv Proj AZ Agric Impt & Pwr Dist Elec Sys Rev, Ser A (a)		5.000			01/01/28		2,203,299
	4,405	University of AZ Med Ctr Corp		5.000			07/01/35		4,082,466

									23,965,538

		California 23.4%
	4,000	Anaheim, CA Pub Fin Auth Lease Rev Cap Apprec Sub Pub Impt Proj, Ser C (AGM Insd)		*			09/01/20		2,244,920
	2,100	Bay Area Govt Assn CA Rev Tax Alloc CA Redev Pool, Ser A (Syncora Gtd)		5.250			09/01/35		1,867,656

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		California (continued)
$	4,000	Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area, Ser F-1		5.000	%		04/01/39	$	4,047,880
	2,500	Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area, Ser F-1 (a)		5.000			04/01/34		2,547,725
	2,000	Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area, Ser F-1 (a)		5.000			04/01/39		2,023,960
	4,000	Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area, Ser F1 (a)		5.125			04/01/39		4,089,320
	800	Beverly Hills, CA Uni Sch Dist Cap Apprec 2008 Election		*			08/01/28		301,136
	1,875	California Cnty, CA Tob Sec Agy Tob Asset Bkd Merced Cnty Rfdg, Ser A		5.250			06/01/45		1,296,281
	1,000	California Hlth Fac Fin Auth Rev Catholic Hlthcare West, Ser A		6.000			07/01/34		1,049,070
	3,000	California Hsg Fin Agy Rev Home Mtg, Ser G (AMT) (a)		4.950			08/01/23		2,822,370
	2,000	California Hsg Fin Agy Rev Home Mtg, Ser G (AMT) (a)		5.050			02/01/29		1,822,200
	6,000	California Hsg Fin Agy Rev Home Mtg, Ser I (AMT) (a)		4.800			08/01/36		4,915,080
	3,150	California Hsg Fin Agy Rev Home Mtg, Ser K (AMT) (a)		5.300			08/01/23		3,090,497
	3,700	California Hsg Fin Agy Rev Home Mtg, Ser K (AMT) (a)		5.450			08/01/28		3,546,117
	1,000	California Pollutn Ctl Fin Auth Solid Waste Disp Rev Waste Mgmt Inc Proj, Ser B (AMT)		5.000			07/01/27		975,430
	510	California St (AMBAC Insd)		5.125			10/01/27		504,992
	775	California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a)		5.000			12/01/24		846,517

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		California (continued)
$	975	California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a)		5.000	%		12/01/25	$	1,059,796
	975	California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a)		5.000			12/01/26		1,054,648
	575	California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a)		5.000			12/01/27		618,148
	975	California St Dept Wtr Res Wtr Rev Cent Vly Proj, Ser AE (a)		5.000			12/01/28		1,043,864
	1,900	California St Econ Recovery Rfdg, Ser A		5.250			07/01/21		2,077,061
	1,995	California St Pub Wks Brd UCLA Replacement Hosp, Ser A (AGM Insd)		5.375			10/01/20		2,063,488
	5,000	California St Univ Rev Sys Wide, Ser A (AMBAC Insd)		5.000			11/01/23		5,120,000
	1,150	California St Var Purp		5.750			04/01/31		1,158,855
	2,615	California St Vet, Ser CD (AMT)		4.600			12/01/32		2,189,016
	1,000	California Statewide Cmnty Dev Auth Rev Front Porch Cmnty & Svc, Ser A (c)		5.125			04/01/37		821,200
	1,800	California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist Hlth, Ser A		5.000			03/01/30		1,729,350
	1,685	California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist Hlth, Ser A		5.000			03/01/35		1,560,226
	1,300	California Statewide Cmnty Dev Auth Rev Kaiser Permanente, Ser A		5.000			04/01/19		1,379,742
	3,805	California Statewide Cmnty Dev Auth Rev Sutter Hlth, Ser A		5.000			11/15/43		3,476,134

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		California (continued)
$	440	Daly City, CA Hsg Dev Fin Agy Mobile Home Pk Rev Third Tier Franciscan Rfdg, Ser C		6.500	%		12/15/47	$	367,017
	27,810	Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg		*			01/15/33		5,628,466
	18,000	Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg (NATL Insd)		*			01/15/25		6,590,160
	1,430	Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1		4.500			06/01/27		1,314,914
	7,655	Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1		5.750			06/01/47		5,845,741
	4,000	Golden St Tob Sec Corp CA Tob Settlement Rev Enhanced, Ser A		5.000			06/01/45		3,310,040
	5,000	Golden St Tob Sec Corp CA Tob Settlement Rev Enhanced, Ser A (FGIC Insd)		5.000			06/01/35		4,382,000
	1,000	Hesperia, CA Pub Fin Auth Rev Redev & Hsg Proj, Ser A (Syncora Gtd)		5.000			09/01/37		810,860
	1,000	Los Angeles, CA Hbr Dept Rev Rfdg, Ser C		5.000			08/01/31		1,031,290
	1,200	Los Angeles, CA Uni Sch Dist, Ser D		5.000			07/01/22		1,293,396
	2,500	Metropolitan Wtr Dist Southn CA Wtrwks Rev Auth, Ser A		5.000			01/01/34		2,608,675
	155	Morongo Band of Mission Indians CA Enterprise Rev Indians Enterprise Casino, Ser B (c)		5.500			03/01/18		146,008

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		California (continued)
$	1,125	Palomar Pomerado Hlthcare Dist CA Ctf Partn		6.750	%		11/01/39	$	1,154,903
	1,550	Quechan Indian Tribe Ft Yuma Indian Reservation CA & Govt Proj		7.000			12/01/27		1,262,599
	1,600	Rancho Mirage, CA Jt Pwr Fin Auth Rev Eisenhower Med Ctr, Ser A		5.000			07/01/47		1,384,192
	1,375	San Bernadino, CA Jt Pwr Fin Auth Alloc Rev Cent City Merged Proj Rfdg, Ser A (AMBAC Insd)		5.750			07/01/20		1,456,771
	1,200	San Francisco, CA City & Cnty Arpt Commn Intl Arpt Rfdg 2nd, Ser A-4 (AMT) (b)		6.500			05/01/19		1,297,068
	1,000	San Joaquin Hills, CA Trans Corridor Agy Toll Rd Rev Cap Apprec Rfdg, Ser A (NATL Insd)		*			01/15/27		244,080
	1,000	San Joaquin Hills, CA Trans Corridor Agy Toll Rd Rev Cap Apprec Rfdg, Ser A (NATL Insd)		*			01/15/28		222,680
	4,290	Tobacco Sec Auth Northn CA Tob Settlement Rev Asset Bkd, Ser A-1		5.375			06/01/38		3,395,921
	3,050	Tobacco Sec Auth Northn CA Tob Settlement Rev Asset Bkd, Ser A-1		5.500			06/01/45		2,207,712
	3,200	Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A-1		5.000			06/01/37		2,424,800
	8,350	Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A-1		5.125			06/01/46		5,655,789

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		California (continued)
$	2,100	Vernon, CA Elec Sys Rev, Ser A		5.125	%		08/01/21	$	2,192,841

									119,570,602

		Colorado 2.8%
	350	Colorado Hlth Fac Auth Hlth & Residential Care Fac Volunteers of Amer Care, Ser A		5.250			07/01/27		309,082
	425	Colorado Hlth Fac Auth Hlth & Residential Care Fac Volunteers of Amer Care, Ser A		5.300			07/01/37		330,191
	4,875	Colorado Hlth Fac Auth Rev Catholic Hlth, Ser C-5 (AGM Insd) (a)		5.000			09/01/36		4,825,324
	1,000	Colorado Hlth Fac Auth Rev Evangelical Lutheran, Ser A		5.250			06/01/34		909,310
	3,700	Colorado Hlth Fac Auth Rev Hlth Fac Evangelical Lutheran		5.000			06/01/35		3,233,948
	1,125	Colorado Hlth Fac Auth Rev Hosp Portercare Adventist Hlth (Prerefunded @ 11/15/11)		6.500			11/15/31		1,246,972
	1,000	Colorado Hlth Fac Auth Rev Poudre Vly CO Hlth Fac Auth Hosp, Ser A (AGM Insd)		5.200			03/01/31		1,008,060
	100	Jefferson Cnty, CO Residential Mtg Rev (d)		9.000			09/01/12		120,445
	340	Jefferson Cnty, CO Residential Mtg Rev (d)		11.500			09/01/10		362,124
	220	Jefferson Cnty, CO Residential Mtg Rev (d)		11.500			09/01/11		257,165
	970	Montezuma Cnty, CO Hosp Dist Hlth Fac Enterprise Hosp Rfdg (e)		5.900			10/01/37		812,433

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Colorado (continued)
$	1,000	Platte Riv Pwr Auth CO Pwr Rev, Ser HH		5.000	%		06/01/26	$	1,079,670

									14,494,724

		Connecticut 0.8%
	2,840	Connecticut St Spl Oblig Pkg Rev Bradley Intl Arpt, Ser A (ACA Insd) (AMT)		6.600			07/01/24		2,665,709
	1,450	Hamden, CT Fac Rev EFPRBS Whitney Ctr Proj, Ser B		6.125			01/01/14		1,432,818

									4,098,527

		District of Columbia 2.9%
	2,400	District Columbia Hosp Rev Sibley Mem Hosp		6.375			10/01/34		2,553,816
	700	District Columbia Hosp Rev Sibley Mem Hosp		6.500			10/01/29		763,973
	775	District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien Rfdg, Ser A (AGL Insd) (a)		5.000			10/01/29		799,157
	1,575	District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien Rfdg, Ser A (AGL Insd) (a)		5.000			10/01/34		1,591,459
	4,000	District Columbia Wtr & Swr Auth Pub Util Rev Sub Lien, Ser A (AGM Insd)		5.500			10/01/41		4,154,240
	5,000	Metropolitan Washington DC Arpt Auth Sys, Ser A (NATL Insd) (AMT)		5.125			10/01/26		5,001,500

									14,864,145

		Florida 12.4%
	1,000	Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg		5.250			11/15/17		953,460

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Florida (continued)
$	1,000	Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg		5.875	%		11/15/36	$	823,700
	340	Beacon Lakes, FL Cmnty Dev FL Spl Assmt, Ser A		6.000			05/01/38		287,392
	250	Beacon Lakes, FL Cmnty Dev FL Spl Assmt Sub, Ser B		6.200			05/01/38		203,860
	1,000	Brevard Cnty, FL Hlth Fac Auth Hlthcare Fac Rev Hlth First Inc Proj		5.000			04/01/34		899,010
	1,320	Brevard Cnty, FL Hlth Fac Auth Residential Care Fac Rev Buena Vida Estates Inc		6.750			01/01/37		1,166,854
	3,380	Brevard Cnty, FL Hlth Fac Hlth First Inc Proj (NATL Insd)		5.125			04/01/31		3,146,408
	375	Escambia Cnty, FL Hlth Fac Auth Rev (AMBAC Insd)		5.950			07/01/20		387,960
	5,000	Florida St Dept Trans Tpk Rev, Ser A (a)		5.000			07/01/29		5,150,450
	1,895	Gulf Breeze, FL Rev Loc Govt (FGIC Insd) (b)		5.625			12/01/20		1,922,762
	855	Highlands, FL Cmnty Dev Dist Spl Assmt		5.550			05/01/36		430,048
	975	Hillsborough Cnty, FL Aviation Auth Rev, Ser A (AGL Insd) (AMT) (a)		5.375			10/01/33		986,037
	2,175	Hillsborough Cnty, FL Aviation Auth Rev, Ser A (AGL Insd) (AMT) (a)		5.500			10/01/38		2,203,275
	800	Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Hillsborough Cnty IDA Rfdg (AMBAC Insd) (b)		5.000			12/01/34		836,288

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Florida (continued)
$	800	Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Tampa Elec, Ser B (b)		5.150	%		09/01/25	$	861,760
	3,000	Hillsborough Cnty, FL Solid Waste & Res Recovery Rev, Ser A (BHAC Insd) (AMT)		4.500			09/01/34		2,664,630
	5,000	Lakeland, FL Hosp Sys Rev Lakeland Regl Hlth Sys Rfdg		5.000			11/15/26		4,934,250
	5,000	Lakeland, FL Hosp Sys Rev Lakeland Regl Hlth Sys Rfdg		5.000			11/15/32		4,745,450
	665	Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser A (Acquired 2/19/08, Cost $665,000) (f)		6.800			05/01/38		510,394
	425	Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser B (Acquired 2/19/08, Cost $425,000) (f)		6.900			05/01/17		375,938
	1,515	Miami Beach, FL Stormwtr Rev (NATL Insd)		5.250			09/01/25		1,549,269
	2,700	Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt (AGC Insd) (AMT)		5.375			10/01/32		2,712,096
	2,000	Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt (NATL Insd) (AMT)		5.375			10/01/25		2,019,400
	5,000	Miami-Dade Cnty, FL Aviation, Ser A (AGM Insd) (AMT)		5.125			10/01/35		4,925,900
	620	Midtown Miami, FL Cmnty Dev FL Spl Assmt Rev, Ser A		6.000			05/01/24		550,746
	700	Orange Cnty, FL Hlth Fac Auth Rev First Mtg Orlando Lutheran Tower		5.500			07/01/32		550,998

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Florida (continued)
$	930	Orange Cnty, FL Hlth Fac Auth Rev Hlthcare Orlando Lutheran Rfdg		5.375	%		07/01/20	$	809,221
	570	Overoaks, FL Cmnty Dev Dist Cap Impt Rev, Ser A (g) (k)		6.125/0.000			05/01/35		287,217
	1,100	Palm Beach Cnty, FL Hlth Fac Auth Rev Wtrford Proj		5.875			11/15/37		940,896
	2,600	Palm Beach Cnty, FL Solid Waste Auth Rev Impt (BHAC Insd) (a)		5.500			10/01/23		2,931,708
	1,400	Port Saint Lucie, FL Spl Assmt Rev Southwest Annexation Dist, Ser 1-B (NATL Insd)		5.000			07/01/33		1,264,060
	3,250	Putnam Cnty, FL Dev Auth Pollutn Ctl Rev Rfdg Seminole Proj, Ser A (AMBAC Insd) (b)		5.350			03/15/42		3,471,780
	590	Reunion East Cmnty Dev Dist FL Spl Assmt		5.800			05/01/36		328,978
	400	Seminole Tribe FL Spl Oblig Rev, Ser A (c)		5.250			10/01/27		361,096
	500	Seminole Tribe FL Spl Oblig Rev, Ser A (c)		5.750			10/01/22		485,090
	920	Seven Oaks, FL Cmnty Dev Dist II Spl Assmt Rev, Ser A		5.875			05/01/35		516,479
	1,870	South Vlg Cmnty Dev Dist FL Cap Impt Rev, Ser A		5.700			05/01/35		1,187,282
	800	Sterling Hill Cmnty Dev Dist FL Cap Impt Rev, Ser A		6.200			05/01/35		750,576
	1,060	Tallahassee, FL Lease Rev FL St Univ Proj, Ser A (NATL Insd)		5.500			08/01/18		1,091,895
	200	Tolomato Cmnty, FL Dev Dist Spl Assmt		6.550			05/01/27		167,362

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Florida (continued)
$	2,075	Tolomato Cmnty, FL Dev Dist Spl Assmt		6.650	%		05/01/40	$	1,670,645
	1,000	Volusia Cnty, FL Ed Fac Auth Rev Ed Fac Embry Riddle Aero, Ser A		5.750			10/15/29		1,006,830
	500	World Comm Cmnty Dev Dist FL Spl Assmt (g) (k)		5.500/0.000			05/01/38		195,480

									63,264,930

		Georgia 2.2%
	3,500	Atlanta, GA Arpt Passenger Fac Charge Rev Gen Sub Lien, Ser C (AGM Insd) (a)		5.000			01/01/33		3,513,650
	1,045	Atlanta, GA Tax Alloc Beltline Proj, Ser B		6.750			01/01/20		1,053,966
	205	Atlanta, GA Tax Alloc Beltline Proj, Ser B		7.375			01/01/31		205,711
	1,200	Atlanta, GA Wtr & Wastewtr Rev, Ser A		6.000			11/01/27		1,271,676
	1,300	Atlanta, GA Wtr & Wastewtr Rev, Ser A		6.000			11/01/28		1,373,567
	1,200	Atlanta, GA Wtr & Wastewtr Rev, Ser A		6.000			11/01/29		1,265,100
	1,000	Augusta, GA Gen Arpt Rev Passenger, Ser B (AMT)		5.350			01/01/28		892,940
	1,500	Putnam Cnty, GA Dev Auth Pollutn Ctl Rev GA Pwr Co, Ser 1		5.100			06/01/23		1,534,005

									11,110,615

		Idaho 0.5%
	750	Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A		6.500			11/01/23		840,773

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Idaho (continued)
$	1,000	Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A		6.750	%		11/01/37	$	1,098,220
	845	Idaho Hlth Fac Auth Rev Vly Vista Care Corp Rfdg (e)		6.125			11/15/27		734,896

									2,673,889

		Illinois 15.5%
	1,000	Bartlett, IL Tax Increment Rev Sr Lien Quarry Redev Proj Rfdg		5.600			01/01/23		785,690
	2,000	Bolingbrook, IL Sales Tax Rev Bolingbrook		6.250			01/01/24		1,064,680
	3,800	Chicago, IL Brd of Ed Rfdg, Ser C (AGM Insd)		5.000			12/01/27		3,925,856
	3,975	Chicago, IL Brd of Ed Rfdg, Ser C (AGM Insd) (a)		5.000			12/01/27		4,106,692
	740	Chicago, IL Increment Alloc Rev Diversey Narragansett Proj		7.460			02/15/26		734,509
	4,000	Chicago, IL Neighborhoods Alive 21 Pgm, Ser A (FGIC Insd) (Prerefunded @ 7/01/10)		5.750			01/01/40		4,133,880
	5,000	Chicago, IL O’Hare Intl Arpt Rev Gen Arpt Third Lien Rfdg, Ser A (NATL Insd) (AMT)		5.375			01/01/32		4,809,900
	3,500	Chicago, IL O’Hare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGC Insd) (a)		5.250			01/01/24		3,692,710
	11,500	Chicago, IL O’Hare Intl Arpt Rev Gen Arpt Third Lien, Ser A (AGC Insd) (a)		5.250			01/01/25		12,077,645
	4,000	Chicago, IL O’Hare Intl Arpt Rev, Ser A (AGM Insd) (a)		5.000			01/01/33		4,065,240
	465	Chicago, IL Proj Rfdg, Ser C (NATL Insd)		5.500			01/01/40		469,594
	3,100	Chicago, IL, Ser A (AGL Insd) (a)		5.250			01/01/25		3,341,180
	80	Cook Cnty, IL Sch Dist No 107 (d)		7.000			12/01/10		84,565

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Illinois (continued)
$	545	Cook Cnty, IL Sch Dist No 107		7.000	%		12/01/10	$	574,953
	982	Cortland, IL Spl Tax Rev Sheaffer Sys Proj (Acquired 5/02/06, Cost $972,180) (f)		5.500			03/01/17		591,076
	1,000	Deerfield, IL Ed Fac Chicagoland Jewish High Sch Proj (e)		6.000			05/01/41		499,780
	1,000	Gilberts, IL Spl Svc Area No 19 Spl Tax The Conservancy Proj, Ser 1 (e)		5.375			03/01/16		553,100
	2,725	Illinois Dev Fin Auth Rev Cmnty Rehab Providers Fac, Ser A		7.375			07/01/25		2,761,351
	1,565	Illinois Ed Fac Auth Rev DePaul Univ (AMBAC Insd) (Prerefunded @ 10/01/10)		5.625			10/01/15		1,637,021
	1,125	Illinois Fin Auth Hosp Rev Rfdg Kish Hlth Sys Oblig Group		5.500			10/01/22		1,138,050
	350	Illinois Fin Auth Rev Christian Homes Inc Rfdg, Ser A		5.750			05/15/31		267,417
	1,000	Illinois Fin Auth Rev IL Fin Auth Roosevelt Univ		5.500			04/01/37		933,290
	2,825	Illinois Fin Auth Rev Kewanee Hosp Proj		5.100			08/15/31		2,203,528
	1,000	Illinois Fin Auth Rev Landing at Plymouth Pl Proj, Ser A		6.000			05/15/25		878,760
	1,350	Illinois Fin Auth Rev Landing at Plymouth Pl Proj, Ser A		6.000			05/15/37		1,083,240
	2,200	Illinois Fin Auth Rev Northwestn Mem Hosp, Ser A (a)		5.375			08/15/24		2,356,816
	1,400	Illinois Fin Auth Rev Northwestn Mem Hosp, Ser A (a)		5.750			08/15/30		1,532,272
	3,500	Illinois Fin Auth Rev Osf Hlthcare Sys, Ser A		5.750			11/15/37		3,461,360

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Illinois (continued)
$	1,250	Illinois Fin Auth Rev Riverside Hlth Sys		6.250	%		11/15/35	$	1,303,787
	1,905	Illinois Fin Auth Rev Rush Univ Med Ctr Oblig Grp, Ser A		7.250			11/01/38		2,085,480
	3,500	Illinois Fin Auth Rev Sherman Hlth Sys 2007, Ser A		5.500			08/01/37		3,086,615
	1,055	Illinois Hlth Fac Auth Rev Evangelical Hosp Rfdg, Ser C (AGM Insd)		6.750			04/15/12		1,126,761
	250	Lake Cnty, IL Cmnty Unit Sch Dist No 116 Round Lake (Radian Insd) (d)		7.600			02/01/14		310,603
	2,675	Metropolitan Pier & Expo Auth IL Dedicated St Tax Rev McCormick Pl Expn, Ser A (NATL Insd)		5.250			06/15/42		2,698,701
	144	Pingree Grove Vlg, IL Spl Svc Area No 1 Spl Tax Cambridge Lakes Proj, Ser 05		5.250			03/01/15		129,028
	848	Volo Vlg, IL Spl Svc Area No 3 Spl Tax Symphony Meadows Proj, Ser 1		6.000			03/01/36		638,222
	675	Will Cnty, IL Cmnty Sch Dist No 161 Summit Hill Cap Apprec (FGIC Insd) (d)		*			01/01/16		575,195
	425	Will Cnty, IL Cmnty Sch Dist No 161 Summit Hill Cap Apprec (FGIC Insd) (d)		*			01/01/19		311,028
	1,335	Will Cnty, IL Cmnty Sch Dist No 161 Summit Hill Cap Apprec (NATL Insd)		*			01/01/16		1,053,435

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Illinois (continued)
$	990	Will Cnty, IL Cmnty Sch Dist No 161 Summit Hill Cap Apprec (NATL Insd)		*			01/01/19	$	638,867
	525	Will-Kankakee Regl Dev Auth IL Multi-Family Hsg Rev Sr Estates Supportive Living (AMT)		7.000	%		12/01/42		448,896
	991	Yorkville, IL Utd City Spl Svc Area Spl Tax No 2004-107 Raintree Vlg IL Proj		6.250			03/01/35		549,242
	961	Yorkville, IL Utd City Spl Svc Area Tax No 2005-108 Autumn Creek IL Proj		6.000			03/01/36		699,589

									79,419,604

		Indiana 2.4%
	1,000	Allen Cnty, IN Juvenile Just Ctr First Mtg (AMBAC Insd)		5.500			01/01/18		1,076,470
	700	Crown Point, IN Econ Dev Rev Temp Wittenberg Vlg Proj, Ser C-1		7.250			11/15/14		700,826
	1,440	Indiana Fin Auth Hosp Rev Deaconess Hosp Oblig, Ser A		6.750			03/01/39		1,544,947
	5,600	Indiana Hlth & Ed Fac Fin Auth Rev Ascension Hlth Sr Cr B-6 (a)		5.000			11/15/36		5,598,544
	1,600	Indiana St Fin Auth Environmental Fac Rev IN Pwr & LT Co Proj Rfdg, Ser A		4.900			01/01/16		1,688,160
	1,500	Petersburg, IN Pollutn Ctl Rev IN Pwr & Lt (AMT)		5.950			12/01/29		1,419,780

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Indiana (continued)
$	500	Vigo Cnty, IN Hosp Auth Rev Un Hosp Inc (c)		5.750	%		09/01/42	$	413,055

									12,441,782

		Iowa 1.0%
	600	Jefferson Cnty, IA Hosp Rev Jefferson Cnty Hosp Proj, Ser C		5.950			08/01/37		488,814
	1,300	Pottawattamie Cnty, IA Rev Christian Homes Inc Rfdg, Ser E		5.750			05/15/26		1,026,090
	1,375	Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd, Ser C		5.375			06/01/38		1,015,905
	1,500	Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd, Ser C		5.500			06/01/42		1,100,220
	1,850	Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd, Ser C		5.625			06/01/46		1,372,792

									5,003,821

		Kansas 1.7%
	1,400	Burlington, KS Environmental Impt Rev KC Pwr LT Rfdg, Ser B (Syncora Gtd) (b)		5.000			12/01/23		1,456,784
	70	Cowley Cnty, KS Uni Sch Dist No 465 Winfield Impt & Rfdg (NATL Insd)		5.250			10/01/22		76,159
	3,500	Kansas St Dev Fin Auth Hosp Rev Adventist Hlth		5.750			11/15/38		3,714,970
	2,000	Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser A		5.000			05/15/24		1,632,680

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Kansas (continued)
$	1,200	Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement, Ser A		5.000	%		05/15/36	$	856,524
	700	Olathe, KS Sr Living Fac Rev Catholic Care Campus Inc, Ser A		6.000			11/15/38		585,256
	400	Overland Pk, KS Dev Corp Rev First Tier Overland Pk, Ser A (Prerefunded @ 1/01/11)		7.375			01/01/32		429,308

									8,751,681

		Kentucky 1.7%
	1,500	Kentucky Econ Dev Fin Auth Louisville Arena Proj Rev Louisville Arena Sub, Ser A-1 (AGL Insd)		5.750			12/01/28		1,638,885
	1,610	Kentucky St Ppty & Bldg Commn Rev Rfdg Proj No 93 (AGL Insd)		5.250			02/01/24		1,770,904
	1,815	Kentucky St Ppty & Bldg Commn Rev Rfdg Proj No 93 (AGL Insd)		5.250			02/01/25		1,983,577
	3,545	Louisville & Jefferson Cnty, KY Metro Govt Hlth Sys Rev Norton Hlthcare Inc		5.250			10/01/36		3,411,885

									8,805,251

		Louisiana 2.4%
	989	Lakeshore Vlg Master Cmnty Dev Dist LA Spl Assmt		5.250			07/01/17		821,543
	1,675	Louisiana Loc Govt Environmental Fac Pkg Fac Corp Garage Proj, Ser A (AMBAC Insd)		5.200			10/01/19		1,679,388

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Louisiana (continued)
$	2,000	Louisiana St Ctzn Ppty Ins Corp Assmt Rev, Ser C-2 (AGL Insd)		6.750	%		06/01/26	$	2,327,700
	5,728	Louisiana St Univ & Agric & Mechanical College Univ Rev Master Agreement (Acquired 11/30/98, Cost $5,727,885) (e)(f)		5.750			10/30/18		5,299,726
	2,000	Rapides Fin Auth LA Rev Cleco Pwr Proj (AMT) (b)		5.250			11/01/37		2,095,000

									12,223,357

		Maryland 1.7%
	750	Gaithersburg, MD Econ Dev Rev Asbury MD Oblig Group A		5.125			01/01/36		619,905
	1,300	Maryland St Cmnty Dev Admin Dept Hsg & Cmnty Dev, Ser H (AMT)		5.100			09/01/37		1,282,879
	765	Maryland St Econ Dev Corp Econ Dev Rev Trans Fac Proj, Ser A		5.375			06/01/25		770,072
	1,080	Maryland St Econ Dev Corp Econ Dev Rev Term Proj, Ser B		5.750			06/01/35		1,095,034
	1,000	Maryland St Econ Dev Corp Rev Sr Lien Chesapeake Bay Rfdg, Ser A		5.000			12/01/31		719,970
	500	Maryland St Hlth & Higher Ed Fac Auth Rev King Farm Presbyterian Cmnty, Ser A		5.250			01/01/27		410,120
	2,000	Maryland St Hlth & Higher Ed Fac Auth Rev Mercy Med Ctr, Ser A		5.500			07/01/42		1,926,780

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Maryland (continued)
$	1,700	Maryland St Trans Auth Arpt Baltimore/WA Intl Arpt, Ser B (AMBAC Insd) (AMT)		5.125	%		03/01/24	$	1,677,288
	425	Prince Georges Cnty, MD Spl Oblig Natl Harbor Proj		5.200			07/01/34		360,918

									8,862,966

		Massachusetts 5.0%
	2,300	Massachusetts Dev Fin Agy Sr Living Fac Rev, Ser B2		6.250			06/01/14		2,304,301
	2,765	Massachusetts St Dev Fin Agy Proj, Ser R-2 (NATL Insd)		5.125			02/01/34		2,659,764
	580	Massachusetts St Dev Fin Agy Rev Boston Architectural Ctr (ACA Insd)		6.100			09/01/18		552,061
	1,000	Massachusetts St Dev Fin Agy Rev Boston Architectural Ctr (ACA Insd)		6.250			09/01/28		863,120
	500	Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A		5.750			11/15/35		365,580
	500	Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A		5.750			11/15/42		351,980
	500	Massachusetts St Hlth & Ed Fac Auth Rev Bal Structured Ylg, Ser G (NATL Insd) (b)		5.000			07/01/13		500,695
	4,500	Massachusetts St Hlth & Ed Fac Auth Rev Harvard Univ, Ser B (a)		5.000			10/01/38		4,738,275
	750	Massachusetts St Hlth & Ed Fac Auth Rev MA Inst Tech, Ser A		5.000			07/01/38		788,633

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Massachusetts (continued)
$	465	Massachusetts St Hlth & Ed Fac Auth Rev Partn Hlthcare Sys, Ser C (Prerefunded @ 7/01/11)		5.750	%		07/01/32	$	504,344
	3,350	Massachusetts St Hlth & Ed Fac Auth Rev Univ MA Mem Issue, Ser D		5.000			07/01/33		2,965,855
	4,670	Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev, Ser A (AMBAC Insd) (a)		4.500			08/15/35		4,572,724
	2,650	Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev, Ser A (AGM Insd) (a)		5.000			08/15/30		2,782,580
	1,200	Massachusetts St Wtr Res Auth, Ser B		5.000			08/01/22		1,349,436

									25,299,348

		Michigan 2.8%
	2,715	Detroit, MI Sew Disp Rev Rfdg Sr Lien, Ser C-1 (AGM Insd)		7.000			07/01/27		3,133,273
	1,430	Detroit, MI Wtr Supply Sys Rfdg Second Lien, Ser C (AGM Insd)		5.000			07/01/26		1,442,441
	875	Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b)		5.250			01/15/47		956,279
	400	Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b)		5.500			01/15/47		444,176
	155	Michigan St Hsg Dev Rent Hsg Rev, Ser A (NATL Insd) (AMT)		5.300			10/01/37		155,004
	1,500	Michigan St Strategic Fd Ltd Oblig Rev Detroit Edison Co Proj Rfdg, Ser C (Syncora Gtd) (AMT)		5.450			12/15/32		1,419,330

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Michigan (continued)
$	8,230	Michigan Tob Settlement Fin Auth Tob Settlement Asset Sr, Ser A		6.000	%		06/01/48	$	6,565,400

									14,115,903

		Minnesota 1.4%
	475	Chisago, MN Hlthcare Fac Rev CDL Homes LLC Proj		6.000			08/01/42		444,847
	1,000	Inver Grove Heights, MN Presbyterian Homes Care Rfdg		5.500			10/01/41		844,150
	1,850	Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A		6.375			11/15/23		2,056,867
	1,200	Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A		6.625			11/15/28		1,343,616
	200	North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks		6.000			10/01/27		195,930
	500	North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks		6.000			10/01/33		488,225
	1,850	Saint Paul, MN Hsg & Redev Auth Hlthcare Fac Rev Hlth Partners Oblig Grp Proj		5.250			05/15/36		1,690,197

									7,063,832

		Missouri 3.7%
	160	Cape Girardeau Cnty, MO Indl Dev Auth Hlthcare Fac Rev Southeast MO Hosp Assoc		5.625			06/01/27		153,907
	1,000	Carthage, MO Hosp Rev		5.875			04/01/30		849,240
	2,250	Carthage, MO Hosp Rev		6.000			04/01/38		1,809,923
	1,300	Cass Cnty, MO Hosp Rev		5.625			05/01/38		1,120,743

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Missouri (continued)
$	1,400	Ellisville, MO Indl Dev Auth Rev Gambrill Gardens Proj Impt & Rfdg (e)		6.100	%		06/01/20	$	1,277,458
	1,000	Ellisville, MO Indl Dev Auth Rev Gambrill Gardens Proj Impt & Rfdg (e)		6.200			06/01/29		886,760
	385	Fenton, MO Tax Increment Rev & Impt Gravois Bluffs Proj Rfdg (Prerefunded @ 10/01/11)		7.000			10/01/21		426,957
	1,000	Joplin, MO Indl Dev Auth Indl Rev Christian Homes Inc Rfdg, Ser F		5.750			05/15/31		764,050
	1,000	Kearney, MO (AMBAC Insd)		5.500			03/01/16		1,047,670
	1,700	Kirkwood, MO Indl Dev Auth Retirement Cmnty Rev Temp 75 Aberdeen Hts, Ser C-1		7.500			11/15/16		1,700,000
	815	Maryland Heights, MO Tax Increment Rev South Heights Redev Proj Rfdg, Ser A		5.500			09/01/18		778,439
	1,200	Missouri St Hlth & Ed Fac Auth Rev Sr Living Fac Lutheran Rfdg, Ser B		5.125			02/01/27		1,108,272
	675	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A		6.375			12/01/30		582,194
	1,500	Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint Andrews Res for Srs, Ser A		6.375			12/01/41		1,259,910
	625	Saint Louis, MO Indl Dev Auth Tax Increment & Cmnty Impt Dist Loughborough Com Redev Rfdg		5.750			11/01/27		568,938

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Missouri (continued)
$	2,350	Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson Arpt, Ser B (AMBAC Insd) (AMT)		4.550	%		07/01/29	$	2,189,589
	2,625	Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson Arpt, Ser B (AMBAC Insd) (AMT)		4.600			07/01/36		2,316,379

									18,840,429

		Nebraska 0.5%
	2,620	Omaha Pub Pwr Dist NE Elec Rev Sys, Ser A (a)		5.000			02/01/34		2,666,557

		Nevada 2.9%
	4,000	Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A (AMBAC Insd) (AMT)		5.250			07/01/34		3,678,720
	75	Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A (BHAC Insd) (AMT)		4.750			09/01/36		65,579
	5	Nevada Hsg Div Single Family Mtg Mezz, Ser D2 (AMT)		6.300			04/01/21		5,080
	2,860	Nevada St Cap Impt & Cultural Affairs, Ser C (a)		5.000			06/01/22		3,053,851
	2,220	Nevada St Cap Impt & Cultural Affairs, Ser C (a)		5.000			06/01/23		2,357,551
	930	Reno, NV Cap Impt Rev (NATL Insd)		5.125			06/01/26		894,586
	1,570	Reno, NV Cap Impt Rev (NATL Insd) (Prerefunded @ 6/01/12)		5.125			06/01/26		1,727,706

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Nevada (continued)
$	3,100	Reno, NV Hosp Rev Renown Regl Med Ctr Proj, Ser A		5.250	%		06/01/37	$	2,839,631

									14,622,704

		New Hampshire 0.6%
	1,525	New Hampshire Hlth & Ed Fac Auth Rev Derryfield Sch (Prerefunded @ 7/01/10)		6.750			07/01/20		1,593,579
	250	New Hampshire Hlth & Ed Fac Hlthcare Sys Covenant Hlth		5.500			07/01/34		247,998
	700	New Hampshire St Business Fin Auth Pollutn Ctl Rev Utd Illum Co Proj (AMT) (b)		7.125			07/01/27		745,752
	500	New Hampshire St Business Fin Auth Pollutn Ctl Rev Utd Illum Rfdg, Ser A (AMT) (b)		6.875			12/01/29		539,030

									3,126,359

		New Jersey 7.7%
	375	Burlington Cnty, NJ Brdg Cmnty Econ Dev Rev The Evergreens Proj		5.625			01/01/38		319,781
	1,000	New Jersey Econ Dev Auth Econ Dev Rev Kapkowski Rd Landfill Proj Rfdg		5.750			04/01/31		919,670
	615	New Jersey Econ Dev Auth Rev Cig Tax		5.750			06/15/34		587,073
	25,000	New Jersey Econ Dev Auth St Contract Econ Recovery (NATL Insd)		5.900			03/15/21		29,438,000
	2,600	New Jersey Hlthcare Fac Fin Auth Rev Holy Name Hosp		5.000			07/01/36		2,179,216
	1,450	New Jersey Hlthcare Fac Fin Auth Rev Saint Peter’s Univ Hosp Oblig		5.750			07/01/37		1,420,536

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		New Jersey (continued)
$	580	New Jersey St Tpk Auth Tpk Rev, Ser C (AGM Insd)		6.500	%		01/01/16	$	709,102
	1,000	New Jersey St Trans Tr Fd Auth Trans Sys, Ser A		5.750			06/15/18		1,161,480
	3,410	Tobacco Settlement Fin Corp NJ, Ser 1A		5.000			06/01/41		2,367,802

									39,102,660

		New Mexico 0.6%
	1,500	Jicarilla, NM Apache Nation Rev Adj, Ser A (Acquired 1/23/03, Cost $1,514,910) (f)		5.000			09/01/18		1,564,185
	1,350	New Mexico St Hosp Equip Ln Council Hosp Rev Presbyterian Hlthcare Svc, Ser A (a)		6.375			08/01/32		1,497,069

									3,061,254

		New York 13.8%
	1,370	Brooklyn Arena Loc Dev Corp NY Barclays Ctr Proj		6.250			07/15/40		1,410,470
	570	Brooklyn Arena Loc Dev Corp NY Barclays Ctr Proj		6.375			07/15/43		584,506
	1,000	Metropolitan Trans Auth NY Dedicated Tax Fd, Ser B		5.250			11/15/28		1,081,040
	3,000	Metropolitan Trans Auth NY Rev Rfdg, Ser A (NATL Insd)		5.250			11/15/31		3,048,030
	1,500	Metropolitan Transn Auth NY Dedicated Tax Fd, Ser B		5.250			11/15/30		1,607,865
	1,600	New York City Hsg Dev Corp Multi-Family Hsg Rev, Ser E1 (AMT)		5.350			11/01/37		1,607,920
	400	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr Proj, Ser A		6.250			03/01/15		402,296

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		New York (continued)
$	2,000	New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr Proj, Ser B		6.750	%		03/01/15	$	2,030,860
	1,000	New York City Liberty Dev Corp Rev Natl Sports Museum Proj, Ser A (Acquired 8/07/06, Cost $1,000,000) (e)(f)(g)(h) (k)		6.125/0.000			02/15/19		10
	2,500	New York City Muni Wtr Fin Auth Wtr & Swr Rev, Ser AA (a)		5.000			06/15/22		2,744,475
	8,800	New York City Muni Wtr Fin Auth Wtr & Swr Sys Rev, Ser D (a)		5.000			06/15/38		9,007,680
	2,500	New York City Muni Wtr Fin Auth Wtr & Swr Sys Rev, Ser D (a)		5.000			06/15/39		2,559,000
	85	New York City, Ser A-1		5.750			08/01/12		85,359
	3,000	New York City, Ser G		5.000			12/01/27		3,134,670
	4,775	New York City, Ser I-1 (a)		5.000			02/01/26		5,045,743
	3,400	New York City Transitional Fin Auth Bldg Aid Rev Fiscal 2009, Ser S-3		5.250			01/15/39		3,553,102
	6,800	New York St Dorm Auth Rev City Univ Sys Cons, Ser A		5.625			07/01/16		7,686,652
	3,000	New York St Dorm Auth Rev Non St Supported Sch Dist Fin Prog, Ser C (AGL Insd)		5.000			10/01/23		3,271,950
	1,000	New York St Mtg Agy Homeowner Mtg Rev 145 (AMT)		5.125			10/01/37		983,220
	1,800	New York St Twy Auth St Pers Income Tax Rev Trans, Ser A (a)		5.000			03/15/26		1,955,088
	2,000	New York St Twy Auth St Pers Income Tax Rev Trans, Ser A (a)		5.000			03/15/27		2,159,540

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		New York (continued)
$	1,584	Plainedge, NY Uni Free Sch Dist No. 2063 (Acquired 07/25/97, Cost $1,584,219) (f)		6.000	%		06/01/12	$	1,606,715
	9,900	Port Auth NY & NJ Cons 144th (a)		5.000			10/01/35		10,210,762
	600	Seneca Nation Indians Cap Impt Auth NY Spl Oblig, Ser A (c)		5.000			12/01/23		496,392
	3,000	Triborough Brdg & Tunl Auth Gen Purp, Ser A		5.000			01/01/27		3,053,760
	1,000	Westchester Tob Asset Sec Corp NY		5.000			06/01/26		909,300

									70,236,405

		North Carolina 1.9%
	900	North Carolina Med Care Commn Retirement Fac Rev First Mtg Southminster Proj, Ser A		5.750			10/01/37		832,149
	8,300	North Carolina Muni Pwr Agy No 1 Catawba Elec Rev Rfdg (NATL Insd)		6.000			01/01/12		9,016,539

									9,848,688

		North Dakota 0.6%
	1,500	Grand Forks, ND Sr Hsg Rev 4000 Vly Square Proj Rfdg		5.300			12/01/34		1,142,805
	2,000	Ward Cnty, ND Hlthcare Fac Rev Trinity Obligated Group Rfdg		5.125			07/01/29		1,775,580

									2,918,385

		Ohio 9.2%
	300	Adams Cnty Hosp Fac Impt Rev Adams Cnty Hosp Proj (e)		6.250			09/01/20		245,973

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Ohio (continued)
$	3,190	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2		5.750	%		06/01/34	$	2,652,581
	3,630	Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo, Ser A-2		5.875			06/01/30		3,133,888
	1,825	Cleveland, OH Rfdg (AGM Insd)		5.500			10/01/19		2,135,779
	400	Cuyahoga Cnty, OH Hlthcare & Indpt Living Fac Rev Eliza Jennings Sr Care, Ser A		5.750			05/15/27		339,772
	1,000	Lorain Cnty, OH Hosp Rev Catholic Hlthcare, Ser S		5.375			10/01/30		1,008,450
	1,475	Lorain Cnty, OH Hosp Rev Fac Catholic Rfdg, Ser C-1 (AGM Insd)		5.000			04/01/24		1,522,303
	2,270	Montgomery Cnty, OH Hosp Rev Kettering Med Ctr Impt & Rfdg (NATL Insd)		6.250			04/01/20		2,689,700
	1,625	Montgomery Cnty, OH Rev Catholic Hlth, Ser C-1 (AGM Insd) (a)		5.000			10/01/41		1,587,056
	1,550	Montgomery Cnty, OH Rev Miami Vly Hosp, Ser A		6.000			11/15/28		1,639,559
	1,000	Montgomery Cnty, OH Rev Miami Vly Hosp, Ser A		6.250			11/15/39		1,048,280
	8,000	Ohio St Air Quality Dev Auth Rev Dayton Pwr (BHAC Insd) (AMT) (a)		4.800			09/01/36		7,927,440
	2,700	Ohio St Air Quality Dev Auth Rev Pollutn Ctl First Energy Rfdg, Ser C		5.625			06/01/18		2,854,818

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Ohio (continued)
$	1,250	Ohio St Bldg Auth St Fac Admin Bldg Fd Proj, Ser A (AGM Insd)		5.000	%		04/01/22	$	1,318,488
	2,000	Ohio St Higher Ed Fac Commn Rev Univ Hosp Hlth Sys, Ser 2009A		6.750			01/15/39		2,125,900
	4,000	Ohio St Hosp Fac Rev Cleveland Clinic Hlth, Ser B (a)		5.125			01/01/28		4,158,120
	1,000	Ohio St Hosp Fac Rev Cleveland Clinic Hlth, Ser B (a)		5.500			01/01/34		1,048,060
	2,565	Ohio St Hsg Fin Agy Residential Mtg Rev Mtg Bkd Sec Pgm, Ser D (GNMA Collateralized) (AMT) (a)		5.300			09/01/28		2,615,556
	3,360	Ohio St Hsg Fin Agy Residential Mtg Rev Mtg Bkd Sec Pgm, Ser D (GNMA Collateralized) (AMT) (a)		5.400			03/01/33		3,419,304
	2,520	Ohio St Hsg Fin Agy Residential Mtg Rev Mtg Bkd Sec Pgm, Ser F (GNMA Collateralized) (a)		5.500			09/01/39		2,611,350
	1,000	Ohio St Wtr Dev Auth Pollutn Ctl Fac Rev Rfdg First Energy, Ser A (b)		5.875			06/01/33		1,089,000

									47,171,377

		Oklahoma 0.6%
	1,470	Chickasaw Nation, OK Hlth Sys (c)		6.250			12/01/32		1,469,853
	1,240	Kay Cnty, OK Home Fin Auth Rev Single Family Mtg Rfdg, Ser A (AMBAC Insd) (d)		7.000			11/01/11		1,375,706

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Oklahoma (continued)
$	440	Oklahoma Hsg Fin Agy Single Family Rev Mtg (GNMA Collateralized) (AMT)		7.997	%		08/01/18	$	440,171

									3,285,730

		Pennsylvania 2.0%
	1,750	Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys West PA, Ser A		5.000			11/15/28		1,332,923
	385	Allegheny Cnty, PA San Auth Swr Rev (NATL Insd)		5.500			12/01/30		391,148
	240	Lehigh Cnty, PA Gen Purp Auth Rev First Mtg Bible Fellowship Proj Rfdg, Ser A (e)		5.400			12/15/10		239,278
	400	Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Continuing Care Proj		6.125			02/01/28		304,492
	875	Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Continuing Care		6.250			02/01/35		644,674
	1,550	Pennsylvania Hsg Fin Agy, Ser 94-A (AMT)		5.100			10/01/31		1,556,696
	1,825	Pennsylvania St Tpk Com Tpk Rev Sub, Ser A (AGL Insd)		5.000			06/01/39		1,830,274
	1,000	Philadelphia, PA Auth Indl Dev PA Arpt Sys Proj, Ser A (NATL Insd) (AMT)		5.125			07/01/19		1,006,170
	2,675	Pittsburgh, PA, Ser A (AMBAC Insd)		5.500			09/01/17		2,743,908

									10,049,563

		Rhode Island 0.3%
	1,375	Tobacco Settlement Fin Corp, Ser A		6.250			06/01/42		1,309,110

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		South Carolina 2.4%
$	1,000	Charleston Ed Excellence Fin Corp SC Rev Charleston Cnty Sch Dist (a)		5.250	%		12/01/25	$	1,047,010
	3,000	Charleston Ed Excellence Fin Corp SC Rev Charleston Cnty Sch Dist (a)		5.250			12/01/26		3,131,430
	900	South Carolina Jobs Econ Dev Auth Hlth Fac Rev First Mtg Wesley Commons Rfdg		5.125			10/01/26		731,196
	1,000	South Carolina Jobs Econ Dev Auth Hlth Fac Rev First Mtg Wesley Commons Rfdg		5.300			10/01/36		745,710
	1,960	South Carolina Jobs Econ Dev Auth Hosp Fac Rev Palmetto Hlth Alliance Rfdg, Ser A		6.250			08/01/31		1,990,713
	1,000	South Carolina Jobs Econ Dev Auth Hosp Rev & Impt Palmetto Hlth Rfdg		5.750			08/01/39		975,050
	2,500	South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas Co Proj, Ser A (AMBAC Insd)		5.200			11/01/27		2,587,025
	725	South Carolina Jobs Econ Dev Auth Rev Woodlands at Furman Proj, Ser A		6.000			11/15/27		572,946
	340	Tobacco Settlement Rev Mgmt Auth SC Tob Settlement Rev Rfdg		5.000			06/01/18		340,585

									12,121,665

		Tennessee 2.4%
	400	Elizabethton, TN Hlth & Ed Fac Brd Rev Hosp First Mtg Impt & Rfdg, Ser B (Prerefunded @ 7/01/12)		8.000			07/01/33		456,776

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Tennessee (continued)
$	4,000	Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth Rfdg, Ser A (NATL Insd) (Prerefunded @ 7/01/12)		7.500	%		07/01/25	$	4,523,440
	3,000	Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn St Hlth, Ser A		5.500			07/01/36		2,922,420
	2,650	Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Methodist, Ser B (AGM Insd) (a)		5.250			09/01/27		2,750,647
	1,500	Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Trezevant Manor Proj, Ser A		5.625			09/01/26		1,428,015
	365	Tennessee Hsg Dev Agy Home Ownership Pgm 2-A (AMT)		5.700			07/01/31		365,781

									12,447,079

		Texas 15.4%
	1,575	Alliance Arpt Auth Inc TX Spl Fac Rev FedEx Corp Proj Rfdg (AMT)		4.850			04/01/21		1,555,391
	1,250	Austin, TX Convention Enterprises Inc Convention Ctr Second Tier Rfdg, Ser B (c)		5.750			01/01/24		1,097,200
	400	Brazos Cnty, TX Hlth Fac Dev Oblig Grp		5.375			01/01/32		384,308
	1,000	Brazos Riv TX Hbr Nav Dist Brazoria Cnty Rev Rfdg Dow Chemical Co		5.250			10/01/11		1,012,940
	740	Dallas Cnty, TX Flood Ctl Dist Rfdg		6.750			04/01/16		786,176
	1,225	Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd)		5.000			08/15/18		1,332,861

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Texas (continued)
$	1,440	Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd)		5.000	%		08/15/19	$	1,558,512
	1,000	Dallas-Fort Worth, TX Intl Arpt Rev Impt & Rfdg, Ser A (BHAC Insd) (AMT)		5.500			11/01/31		1,004,220
	700	Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT)		5.750			11/01/18		702,240
	1,325	Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C (NATL Insd) (AMT)		6.000			11/01/23		1,329,730
	5,250	El Paso Cnty, TX Hosp Dist, Ser A (AGL Insd) (a)		5.000			08/15/37		5,355,945
	730	Fort Worth, TX Wtr & Swr Rev Impt & Rfdg		5.750			02/15/16		750,075
	770	Fort Worth, TX Wtr & Swr Rev Impt & Rfdg (Prerefunded @ 8/15/10)		5.750			02/15/16		793,416
	1,000	Gulf Coast Waste Disp Auth TX Waste Mgmt, Ser D (AMT)		4.550			04/01/12		1,018,590
	825	Harris Cnty, TX Hlth Fac Dev Corp Hosp Rev Rfdg Mem Hermann Hlthcare Sys, Ser B		7.250			12/01/35		927,374
	1,000	Harris Cnty, TX Indl Dev Corp Solid Waste Disp Rev Deer Pk Refng Proj		5.000			02/01/23		999,900
	1,000	Houston, TX Arpt Sys Rev Sub Lien, Ser A (AGM Insd) (AMT)		5.625			07/01/30		1,001,750
	130	Houston, TX Pub Impt & Rfdg (AGM Insd)		5.750			03/01/15		134,023
	5,975	Houston, TX Util Sys Rev Comb First Lien Rfdg, Ser A (AGM Insd)		5.000			11/15/36		6,110,035

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Texas (continued)
$	3,320	Judson, TX Indpt Sch Dist Sch Bldg (AGL Insd) (a)		5.000	%		02/01/37	$	3,372,921
	1,100	Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX		5.500			02/15/32		997,084
	1,250	Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX		5.500			02/15/37		1,112,013
	1,250	Matagorda Cnty, TX Navig Dist No 1 Rev Coll Centerpoint Energy Proj Rfdg (b)		5.600			03/01/27		1,228,363
	1,200	McLennan Cnty, TX Pub Fac Corp Proj Rev		6.625			06/01/35		1,281,276
	1,800	Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj		7.250			01/01/31		1,723,482
	1,500	Mission, TX Econ Dev Corp Solid Waste Disp Rev Waste Mgmt Inc Proj (AMT) (b)		6.000			08/01/20		1,615,515
	4,000	North Central, TX Hlth Fac Dev Hosp Childrens Med Ctr Dallas (AMBAC Insd)		5.250			08/15/32		4,039,760
	1,000	North TX Twy Auth Rev Rfdg Sys First Tier, Ser B		5.625			01/01/28		1,035,800
	1,000	North TX Twy Auth Rev Rfdg Sys First Tier, Ser B		6.000			01/01/26		1,069,430
	1,250	North TX Twy Auth Rev Rfdg Sys First Tier, Ser B		6.000			01/01/27		1,330,050
	1,550	North TX Twy Auth Rev Sys First Tier Rfdg, Ser L-2 (b)		6.000			01/01/38		1,718,113
	2,850	North TX Twy Auth Rev Toll Second Tier Rfdg, Ser F		5.750			01/01/33		2,926,409

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Texas (continued)
$	1,000	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckingham Sr Living Cmnty Inc		5.625	%		11/15/27	$	909,380
	2,700	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckingham Sr Living Cmnty Inc		5.750			11/15/37		2,374,785
	5,500	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckner Retirement Svc Inc Proj		5.250			11/15/37		4,951,760
	450	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac CC Young Mem Home Proj		5.750			02/15/25		372,240
	1,200	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac CC Young Mem Home, Ser B-2		6.500			02/15/14		1,201,656
	3,300	Tarrant Cnty, TX Cultural Ed Fac Fin Corp Rev Christus Hlth Rfdg, Ser A (AGL Insd)		6.250			07/01/28		3,631,254
	2,500	Texas A & M Univ Rev Fin Sys, Ser A		5.000			05/15/27		2,725,775
	80	Texas Muni Pwr Agy Rev (NATL Insd) (d)		*			09/01/15		69,998
	1,550	Texas Private Activity Surface Trans Corp Sr Lien Nt Mobility		6.875			12/31/39		1,620,479
	140	Texas St Pub Ppty Fin Corp Rev Mental Hlth & Retardation Rfdg (AGM Insd)		5.500			09/01/13		140,442
	5,750	Texas St Trans Commn Mobility Fd (a)		5.000			04/01/28		6,199,075

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Texas (continued)
$	3,000	Tyler, TX Hlth Fac Dev Corp Hosp Rev & Impt East TX Med Ctr Rfdg, Ser A		5.375	%		11/01/37	$	2,929,980

									78,431,726

		Utah 0.1%
	800	Utah St Charter Sch Fin Auth Charter Sch Rev Summit Academy, Ser A		5.800			06/15/38		695,432

		Vermont 0.2%
	1,000	Vermont Econ Dev Auth Mtg Rev Wake Robin Corp Proj, Ser A		5.375			05/01/36		826,540

		Virginia 1.1%
	750	Peninsula Town Ctr Cmnty Dev Auth VA Spl Oblig		6.350			09/01/28		701,152
	2,590	Tobacco Settlement Fin Corp VA		5.500			06/01/26		2,906,576
	2,000	White Oak Vlg Shops VA Cmnty Dev Auth Spl Assmt Rev		5.300			03/01/17		1,951,500

									5,559,228

		Washington 1.7%
	5,000	Bellevue, WA Convention Ctr Auth Spl Oblig Rev Rfdg (NATL Insd)		*			02/01/24		2,633,300
	1,350	Kalispel Tribe Indians Priority Dist WA Rev		6.625			01/01/28		1,157,625
	2,000	Port Seattle, WA Rev, Ser B (NATL Insd) (AMT)		5.625			02/01/24		2,006,360
	1,345	Tacoma, WA Elec Sys Rev Rfdg, Ser A (AGM Insd)		5.750			01/01/15		1,418,746

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Washington (continued)
$	1,545	Washington St Hsg Fin Commn Nonprofit Rev Custodial Rcpt Wesley Homes, Ser 2007A-2027 (Acquired 5/7/08, Cost $1,545,000) (f)		6.000	%		01/01/27	$	1,377,646

									8,593,677

		West Virginia 1.4%
	3,500	Harrison Cnty, WV Cnty Cmnty Solid Waste Disp Rev Allegheny Energy Rfdg, Ser D (AMT)		5.500			10/15/37		3,155,950
	1,060	West Virginia St Hosp Fin Auth Hosp Rev Rfdg & Impt Utd Hlth Sys, Ser C		5.500			06/01/34		1,047,312
	1,020	West Virginia St Hosp Fin Auth Hosp Rev Rfdg & Impt Utd Hlth Sys, Ser C		5.500			06/01/39		1,015,502
	1,000	West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys		6.000			10/01/20		985,060
	1,100	West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys		6.250			10/01/23		1,085,975

									7,289,799

		Wisconsin 3.1%
	450	Superior, WI Collateralized Util Rev Superior Wtr Lt & Pwr Proj Rfdg, Ser A (AMT)		5.375			11/01/21		452,938
	410	Superior, WI Collateralized Util Rev Superior Wtr Lt & Pwr Proj, Ser B (AMT)		5.750			11/01/37		398,881
	2,545	Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT) (a)		5.300			09/01/23		2,641,430

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Wisconsin (continued)
$	3,200	Wisconsin Hsg & Econ Dev Auth Home Ownership Rev, Ser A (AMT) (a)		5.500	%		09/01/28	$	3,285,632
	1,010	Wisconsin St Gen Rev Appropriation Rev, Ser A		5.375			05/01/25		1,107,223
	5,000	Wisconsin St Hlth & Ed Fac Auth Mercy Hlth Sys Corp (AMBAC Insd)		5.500			08/15/25		5,018,000
	1,000	Wisconsin St Hlth & Ed Fac Auth Rev Aurora Hlthcare Inc, Ser B (b)		5.125			08/15/27		1,048,810
	400	Wisconsin St Hlth & Ed Fac Auth Rev Beaver Dam Cmnty Hosp Inc, Ser A		6.000			08/15/19		402,352
	1,305	Wisconsin St Hlth & Ed Fac Auth Rev Prohealth Care Inc Oblig Grp		6.625			02/15/39		1,407,508

									15,762,774

		Wyoming 0.4%
	1,200	Sweetwater Cnty, WY Pollutn Ctl Rev ID Pwr Co Proj Rfdg		5.250			07/15/26		1,247,040
	1,000	Sweetwater Cnty, WY Solid Waste Disp Rev FMC Corp Proj Rfdg (AMT)		5.600			12/01/35		926,010

									2,173,050

		Guam 0.1%
	550	Guam Pwr Auth Rev, Ser A (AMBAC Insd)		5.250			10/01/34		499,686

		Puerto Rico 1.7%
	1,500	Puerto Rico Elec Pwr Auth Rev, Ser WW		5.250			07/01/33		1,499,940

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued


Par
Amount
(000)		Description	Coupon			Maturity		Value

		Puerto Rico (continued)
$	65	Puerto Rico Pub Bldgs Auth Rev Govt Fac, Ser I (Comwth Gtd) (Prerefunded @ 7/01/14)		5.250	%		07/01/33	$	75,074
	2,825	Puerto Rico Sales Tax Fin Corp Sales Tax Rev First Sub, Ser A (b)		5.000			08/01/39		2,967,324
	2,000	Puerto Rico Sales Tax Fin Corp Sales Tax Rev First Sub, Ser A (i)		5.375			08/01/39		1,975,200
	2,300	Puerto Rico Sales Tax Fin Corp Sales Tax Rev First Sub, Ser A (i)		5.500			08/01/42		2,282,773


									8,800,311


Total Long-Term Investments 162.5% (Cost $846,311,713)									829,968,920


Total Short-Term Investments 3.8% (Cost $19,205,000)									19,205,000


Total Investments 166.3% (Cost $865,516,713)									849,173,920

Liability for Floating Rate Note Obligations Related to Securities Held (22.8%) (Cost ($116,505,000)) (116,505) Notes with interest rates ranging from 0.18% to 0.65% at January 31, 2010 and contractual maturities of collateral ranging from 2022 to 2041. (j)									(116,505,000	)


Total Net Investments 143.5% (Cost $749,011,713)									732,668,920

Other Assets in Excess of Liabilities 1.1%									5,492,556

Preferred Shares (including accrued distributions) (44.6%)									(227,511,715	)


Net Assets Applicable to Common Shares 100.0%								$	510,649,761

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued

Percentages are calculated as a percentage of net assets applicable to common shares.


*		Zero coupon bond

(a)		Underlying security related to Inverse Floaters entered into by the Trust.

(b)		Variable Rate Coupon

(c)		144A-Private Placement security which is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers.

(d)		Escrowed to Maturity

(e)		Security has been deemed illiquid.

(f)		Security is restricted and may be resold only in transactions exempt from registration which are normally those transactions with qualified institutional buyers. Restricted securities comprise 2.2% of net assets applicable to common shares.

(g)		Non-income producing security.

(h)		This borrower has filed for protection in federal bankruptcy court.

(i)		Security purchased on a when-issued or delayed delivery basis.

(j)		Floating rate notes. The interest rates shown reflect the rate in effect at January 31, 2010.

(k)		Interest is accruing at less than the stated coupon. Coupon is shown as stated coupon/actual coupon.

ACA – American Capital Access

AGC – AGC Insured Custody Certificates

AGL – Assured Guaranty Ltd.

AGM – Assured Guaranty Municipal Corp.

AMBAC – AMBAC Indemnity Corp.

AMT – Alternative Minimum Tax

BHAC – Berkshire Hathaway Assurance Corp.

Comwth – Commonwealth of Puerto Rico

FGIC – Financial Guaranty Insurance Co.

GNMA – Government National Mortgage Association

NATL – National Public Finance Guarantee Corp.

Radian – Radian Asset Assurance

Syncora – Syncora Guarantee Limited

Security Valuation Municipal bonds are valued by independent pricing services or dealers using the mean of the last reported bid and asked prices or, in the absence of market quotations, at fair value based upon yield data relating to municipal bonds with similar characteristics and general market conditions. Securities which are not valued by independent pricing services or dealers are valued at fair value using procedures established in good faith by the Board of Trustees. Factors considered in making this determination may include, but are not limited to, information obtained by contacting the issuer, analysts, or the appropriate stock exchange (for exchange-traded securities), analysis of the issuer’s financial statements or other available documents and, if necessary, available information concerning other securities in similar circumstances. Futures contracts are valued at the settlement price established each day on the exchange on which they are traded. Short-term securities with remaining maturities of 60 days or less are valued at amortized cost, which approximates fair value.

Van Kampen Municipal Trust

Portfolio of Investments ■ January 31, 2010 (Unaudited) continued

Fair Value Measurements Financial Accounting Standards Board Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures (ASC 820) (formerly known as FAS 157), defines fair value as the price that the Trust would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. ASC 820 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Trust’s investments. The inputs are summarized in the three broad levels listed below.

Level 1	—	quoted prices in active markets for identical investments

Level 2	—	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

Level 3	—	significant unobservable inputs (including the Trust’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of January 31, 2010 in valuing the Trust’s investments carried at value.

Level 1

Level 2

Level 3

Other Significant Observable

Significant Unobservable

Investments

Quoted Prices

Inputs

Total

Investments in an Asset Position

Municipal Bonds

Issued by States of the United States and Political Subdivisions of the United States

-0-

849,173,920

-0-

849,173,920

Item 2. Controls and Procedures.

(a) The Trust’s principal executive officer and principal financial officer have concluded that the Trust’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Trust in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.

(b) There were no changes in the Trust’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.

Item 3. Exhibits.

(a) A certification for the Principal Executive Officer of the registrant is attached hereto as part of EX-99.cert.

(b) A certification for the Principal Financial Officer of the registrant is attached hereto as part of EX-99.cert.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Van Kampen Municipal Trust


By: Name:		/s/ Edward C. Wood III Edward C. Wood III
Title:		Principal Executive Officer
Date:		March 23, 2010

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By: Name:		/s/ Edward C. Wood III Edward C. Wood III
Title:		Principal Executive Officer
Date:		March 23, 2010

By: Name:		/s/ Stuart N. Schuldt Stuart N. Schuldt
Title:		Principal Financial Officer
Date:		March 23, 2010