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VAN KAMPEN MERRITT INVESTMENT ADVISORY CORP LISTS THREE NEW FUNDS ON THE AMERICAN STOCK EXCHANGE

 NEW YORK, June 16 /PRNewswire/ -- The American Stock Exchange today announced that it has commenced trading the common shares of Van Kampen Merritt Massachusetts Value Municipal Income Trust ("VMV"), Van Kampen Merritt New Jersey Value Municipal Income Trust ("VJV") and Van Kampen Merritt Ohio Value Municipal Trust ("VOV"). The Funds opened trading at 11:30 am. VMV opened at 14-5/8 on 3,300 shares, VJV opened at 14-1/2 on 15,900 shares and VOV opened at 14-7/8 on 1,500 shares. The Funds' specialist firms are as follows: Kalb, Voorhis & Co. for the trading of VMV, AGS Specialist Partners for the trading of VJV and Cranmer and Cranmer, Inc./Cohen, Cohn, Duffy & McGowan, Inc. for the trading of VOV.
 The Funds are newly organized, non-diversified, closed-end management investment companies with investment objectives to seek a high level of current income exempt from federal income taxes and applicable New Jersey, Massachusetts or Ohio state income tax, consistent with the preservation of capital. Each fund will invest in a portfolio of rated investment grade municipal securities and may invest an unlimited portion of assets in applicable state municipal securities that pay interest subject to the federal alternative minimum tax.
 The initial public offerings of the Funds are as follows: VMV consists of 2,655,073 shares of common stock, VJV consists of 2,499,940 shares of common stock and VOV consists of 1,681,438 shares of common stock. Van Kampen Merritt Investment Advisory Corp. is the Funds' investment advisory.
 The American Stock Exchange occupies a unique niche among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies, as well as a principal market to trade derivatives. No other exchange has balanced traditional and cutting edge trading products. And because of the efficiencies associated with the AMEX auction marketplace, investors of all sizes achieve the greatest value and protection.
 -0- 6/16/93
 /CONTACT: Melissa Grand, manager - equities communications of AMEX, 212-306-1635/
 (VMV VJV VOV)


CO: Van Kampen Merritt Investment Advisory Corp. ST: New Jersey, Massachusetts, Ohio IN: FIN SU:

WB -- NY041 -- 2597 06/16/93 12:05 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
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