UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Van Kampen Pennsylvania Value Municipal Income 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:

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Municipal Bonds   169.0%
				Pennsylvania   160.8%
$	3,000			Allegheny Cnty, PA Arpt Auth Rev Pittsburgh Intl Arpt Rfdg (NATL Insd) (AMT)			5.750	%			01/01/18			$	3,018,270
	2,000			Allegheny Cnty, PA Higher Ed Bldg Auth Univ Rev Carnegie Mellon Univ (a)			5.125				03/01/32				2,008,300
	2,750			Allegheny Cnty, PA Higher Ed Bldg Auth Univ Rev Carnegie Mellon Univ (a)			5.250				03/01/32				2,765,675
	1,165			Allegheny Cnty, PA Higher Ed Bldg Auth Univ Rev Duquesne Univ			5.000				03/01/21				1,241,482
	1,000			Allegheny Cnty, PA Higher Ed Bldg Auth Univ Rev Robert Morris Univ, Ser A			6.000				10/15/38				985,080
	1,360			Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys, Ser A (NATL Insd) (Prerefunded @ 11/15/10)			6.500				11/15/30				1,453,758
	2,250			Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys West PA, Ser A			5.375				11/15/40				1,666,237
	735			Allegheny Cnty, PA Hosp Dev Auth Rev OH Vly Gen Hosp Proj, Ser A			5.000				04/01/25				650,666
	3,145			Allegheny Cnty, PA Hosp Dev Auth Rev OH Vly Gen Hosp Proj, Ser A			5.125				04/01/35				2,612,394
	2,750			Allegheny Cnty, PA Hosp Dev Auth Rev Univ Pittsburgh Med			5.625				08/15/39				2,810,005

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	2,000			Allegheny Cnty, PA Indl Dev Auth Lease Rev Cargo Fac Afco Cargo PIT LLC (AMT)			6.625	%			09/01/24			$	1,694,180
	1,130			Allegheny Cnty, PA Indl Dev Auth Lease Rev Residential Res Inc Proj			5.125				09/01/31				992,535
	3,000			Allegheny Cnty, PA Port Auth Spl Rev Trans (NATL Insd)			5.000				03/01/29				3,032,460
	1,060			Allegheny Cnty, PA Redev Auth Tax Increment Rev Robinson Mall Proj, Ser A			7.000				11/01/17				1,071,331
	395			Allegheny Cnty, PA Residential Fin Auth Mtg Rev Single Family, Ser II-1 (GNMA Collateralized) (AMT)			5.800				05/01/21				398,654
	615			Allegheny Cnty, PA Residential Fin Auth Mtg Rev Single Family, Ser II-2 (GNMA Collateralized) (AMT)			5.800				11/01/20				620,855
	2,855			Allegheny Cnty, PA Residential Fin Auth Mtg Rev Single Family, Ser KK-2 (GNMA Collateralized) (AMT)			5.750				05/01/33				2,884,092
	460			Allegheny Cnty, PA San Auth Swr Rev (NATL Insd)			5.500				12/01/30				467,346
	1,000			Allegheny Cnty, PA San Auth Swr Rev (NATL Insd)			5.750				12/01/13				1,028,030
	2,220			Allegheny Cnty, PA San Auth Swr Rev (NATL Insd) (Prerefunded @ 12/01/10)			5.750				12/01/17				2,331,022
	1,830			Allegheny Cnty, PA San Auth Swr Rev (NATL Insd) (Prerefunded @ 12/01/10)			5.750				12/01/18				1,921,518

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	1,000			Allegheny Cnty, PA, Ser C 61 (AGL Insd)			5.000	%			12/01/33				$   1,032,390
	4,935			Beaver Cnty, PA Nts (AGM Insd)			5.550				11/15/31				5,271,468
	1,475			Berks Cnty, PA Indl Dev Auth First Mtg Rev Rfdg One Douglassville Proj A (AMT)			6.125				11/01/34				1,181,328
	1,800			Berks Cnty, PA Muni Auth Albright College Proj			5.500				10/01/17				1,699,686
	1,695			Berks Cnty, PA Muni Auth Albright College Proj Rfdg, Ser A			5.500				10/01/16				1,625,454
	3,000			Bethlehem, PA Area Sch Dist (AGM Insd)			5.250				01/15/25				3,188,880
	1,000			Bradford Cnty, PA Indl Dev Auth Solid Waste Disp Rev Intl Paper Rfdg, Ser B (AMT)			5.200				12/01/19				968,360
	2,000			Bucks Cnty, PA Indl Dev Auth Retirement Cmnty Fac Rev Ann’s Choice Inc, Ser A			6.250				01/01/35				1,799,280
	1,200			Bucks Cnty, PA Indl Dev Auth Rev Lutheran Cmnty Telford Ctr			5.750				01/01/37				967,824
	1,790			Burrell, PA Sch Dist, Ser A (AGM Insd)			5.000				07/15/25				1,886,499
	825			Carbon Cnty, PA Indl Dev Auth Panther Creek Partn Proj Rfdg (AMT)			6.650				05/01/10				825,099
	2,185			Centre Cnty, PA Hosp Auth Rev Hosp Mt Nittany Med Ctr Proj (AGL Insd)			6.125				11/15/39				2,267,812
	1,000			Chartiers Vly, PA Indl & Coml Dev Auth First Mtg Rev Asbury Hlth Ctr Rfdg			6.375				12/01/19				1,004,560

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	1,000			Chartiers Vly, PA Indl & Coml Dev Auth First Mtg Rev Asbury Hlth Ctr Rfdg			6.375	%			12/01/24				$     934,640
	1,000			Connellsville, PA Area Sch Dist Nts, Ser B (AGM Insd)			5.000				11/15/37				1,009,210
	1,200			Cumberland Cnty, PA Muni Auth College Rev Aicup Fin Pg Dickinson College, Ser HH1			5.000				11/01/39				1,158,492
	1,000			Cumberland Cnty, PA Muni Auth Dickinson College, Ser A (AMBAC Insd) (Prerefunded @ 11/01/10)			5.500				11/01/30				1,040,130
	2,000			Cumberland Cnty, PA Muni Auth Messiah Village Proj, Ser A			6.000				07/01/35				1,781,140
	2,000			Cumberland Cnty, PA Muni Auth Rev Diakon Lutheran Ministries Proj			5.000				01/01/27				1,727,920
	2,000			Daniel Boone, PA Area Sch Dist			5.000				08/15/32				2,061,660
	5,475			Dauphin Cnty, PA Gen Auth Hlth Sys Rev Pinnacle Hlth Sys Proj, Ser A			5.750				06/01/20				5,777,987
	4,500			Dauphin Cnty, PA Gen Auth Hosp Rev Hapsco West PA Hosp Proj B Rfdg (NATL Insd) (b)			6.250				07/01/16				5,187,960
	1,000			Deer Lakes Sch Dist PA (AGL Insd)			5.375				04/01/34				1,051,280
	360			Delaware Cnty, PA Auth College Cabrini College (Radian Insd)			5.750				07/01/23				360,155
	1,500			Delaware Cnty, PA Auth College Neumann College			6.250				10/01/38				1,557,765
	2,295			Delaware Cnty, PA Auth College Neumann College Rfdg			5.875				10/01/21				2,324,078

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	2,000			Delaware Cnty, PA Auth College Neumann College Rfdg			6.000	%			10/01/31			$	2,009,260
	1,000			Delaware Cnty, PA Auth Rev White Horse Vlg Proj Rfdg, Ser A (Prerefunded @ 7/01/10)			7.625				07/01/30				1,039,770
	2,750			Delaware Cnty, PA Indl Dev Auth Rev Wtr Fac Aqua PA Inc Proj, Ser A (NATL Insd) (AMT)			5.000				11/01/37				2,558,903
	6,000			Delaware Cnty, PA Indl Dev Auth Rev Wtr Fac Aqua PA Inc Proj, Ser B (NATL Insd) (AMT)			5.000				11/01/36				5,613,600
	3,000			Delaware Cnty, PA Indl Dev Auth Rev Wtr Fac Aqua PA Inc Proj, Ser C (NATL Insd) (AMT)			5.000				02/01/35				2,824,650
	1,750			Delaware Cnty, PA Indl Dev Auth Rev Wtr Fac (NATL Insd) (AMT)			6.000				06/01/29				1,754,603
	2,500			Delaware Cnty, PA Indl Dev Auth Wtr Fac PA Subn Wtr (AMBAC Insd) (AMT)			5.350				10/01/31				2,504,725
	8,000			Delaware Vly, PA Regl Fin Auth Loc Govt Rev (a)			5.750				07/01/17				9,198,400
	5,000			Delaware Vly, PA Regl Fin Auth Loc Govt Rev (a)			5.750				07/01/32				5,670,150
	2,800			Erie, PA Sch Dist (AMBAC Insd) (Prerefunded @ 9/01/10)			5.800				09/01/29				2,892,876
	2,000			Exeter Twp, PA Sch Dist (NATL Insd)			5.000				05/15/25				2,091,440

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	1,000			Fayette Cnty, PA (AMBAC Insd) (Prerefunded @ 11/15/10)			5.625	%			11/15/28			$	1,043,120
	2,000			Fulton Cnty, PA Indl Dev Auth Hosp Rev Fulton Cnty Med Ctr Proj			5.900				07/01/40				1,708,860
	1,000			Harrisburg, PA Auth Wtr Rev Rfdg			5.250				07/15/31				1,056,600
	6,575			Harrisburg, PA Auth Wtr Rev Rfdg (AGM Insd)			5.000				07/15/21				6,868,968
	575			Harveys Lake Gen Muni Auth PA College Rev Misericordia Proj (ACA Insd)			6.000				05/01/19				560,228
	1,990			Lancaster Cnty, PA Hosp Auth Rev Brethren Vlg Proj, Ser A			6.500				07/01/40				1,879,515
	3,500			Lancaster, PA Higher Ed Auth Rev Franklin & Marshall College			5.000				04/15/22				3,697,890
	1,000			Lebanon Cnty, PA Hlth Fac Pleasant View Auth Hlth Ctr Rev Retirement, Ser A			5.125				12/15/20				890,290
	1,510			Lehigh Cnty, PA Gen Purp Auth Cedar Crest College Rfdg (Radian Insd)			5.000				04/01/26				1,440,585
	1,000			Lehigh Cnty, PA Gen Purp Hosp Rev Lehigh Vly Hlth, Ser B (AGM Insd)			5.000				07/01/35				981,610
	1,240			Lehigh Northampton, PA Arpt Lehigh Vly Arpt Sys Rfdg, Ser A (NATL Insd) (AMT)			5.000				01/01/20				1,206,867
	1,360			Lehigh Northampton, PA Arpt Lehigh Vly Arpt Sys Rfdg, Ser A (NATL Insd) (AMT)			5.000				01/01/22				1,295,332

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	675			Lehigh Northampton, PA Arpt Lehigh Vly Arpt Sys Rfdg, Ser A (NATL Insd) (AMT)			5.000	%			01/01/23			$	633,933
	1,500			Lehigh Northampton, PA Arpt, Ser A (NATL Insd) (AMT)			6.000				05/15/25				1,500,465
	2,700			Lehigh Northampton, PA Arpt, Ser A (NATL Insd) (AMT)			6.000				05/15/30				2,662,335
	2,500			Luzerne Cnty, PA, Ser B (AGM Insd)			5.000				12/15/27				2,643,525
	6,650			Lycoming Cnty, PA Auth College Rev PA College of Technology (AMBAC Insd)			5.350				07/01/26				6,642,486
	5,000			Lycoming Cnty, PA Auth College Rev PA College of Technology (AMBAC Insd)			5.375				07/01/30				4,941,750
	2,750			Lycoming Cnty, PA Auth Hlth Sys Rev Susquehanna Hlth Sys Proj, Ser A			5.750				07/01/39				2,692,580
	5,000			Mercer Cnty, PA Indl Dev Auth Wtr Fac Sub Corp (NATL Insd) (AMT)			6.000				07/01/30				5,009,600
	1,000			Mercer Cnty, PA (NATL Insd)			5.500				10/01/15				1,077,030
	1,000			Mifflin Cnty, PA Hosp Auth Rev (Radian Insd) (Prerefunded @ 1/01/11)			6.200				07/01/25				1,063,440
	2,500			Mifflin Cnty, PA Hosp Auth Rev (Radian Insd) (Prerefunded @ 1/01/11)			6.200				07/01/30				2,658,600
	3,000			Monroe Cnty, PA Hosp Auth Rev Hosp Pocono Med Ctr			5.250				01/01/43				2,808,660
	3,000			Monroe Cnty, PA Hosp Auth Rev Hosp Pocono Med Ctr (Prerefunded @ 1/01/14)			6.000				01/01/43				3,504,210

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	5,000			Montgomery Cnty, PA Higher Ed & Hlth Auth Hosp Rev Abington Mem Hosp, Ser A			5.125	%			06/01/32				$   4,809,900
	2,250			Montgomery Cnty, PA Higher Ed & Hlth Auth Rev Dickinson College Proj, Ser FF-1 (CIFG Insd)			5.000				05/01/28				2,293,380
	3,800			Montgomery Cnty, PA Higher Ed & Hlth Auth Rev Hlthcare Holy Redeemer Hlth, Ser A (AMBAC Insd)			5.250				10/01/17				3,778,416
	5,000			Montgomery Cnty, PA Indl Dev Auth Retirement Cmnty Rev, Ser A			4.500				11/15/36				3,983,600
	1,500			Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Cmnty Proj			7.000				02/01/36				1,201,680
	3,000			Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Continuing Care			6.250				02/01/35				2,210,310
	4,000			Moon Area Sch Dist PA (AGM Insd)			5.000				11/15/25				4,179,760
	1,500			Mount Lebanon, PA Hosp Auth Saint Clair Mem Hosp, Ser A			5.625				07/01/32				1,503,780
	2,000			Northampton Cnty, PA Gen Purp Auth Hosp Rev Saint Lukes Hosp Proj, Ser A			5.500				08/15/35				1,938,620
	4,000			Northampton Cnty, PA Gen Purp Auth Rev Higher Ed Lehigh Univ			5.500				11/15/33				4,322,920
	1,000			Northeastern York, PA Sch Dist, Ser B (NATL Insd)			5.000				04/01/30				1,037,750

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	2,000			Northeastern York, PA Sch Dist, Ser B (NATL Insd)			5.000	%			04/01/31			$	2,068,040
	2,100			Owen J. Roberts Sch Dist PA (AGM Insd)			5.000				05/15/27				2,206,176
	16,695			Owen J. Roberts Sch Dist PA (AGM Insd) (a)			5.000				05/15/35				17,091,840
	875			Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Reliant Energy, Ser A (AMT) (c)			6.750				12/01/36				886,900
	2,500			Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Reliant Energy, Ser B (AMT)			6.750				12/01/36				2,534,000
	1,500			Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Reliant Energy Seward, Ser A (AMT)			6.750				12/01/36				1,520,400
	4,220			Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Var Allegheny Energy Supply Co			7.000				07/15/39				4,708,338
	800			Pennsylvania Econ Dev Fin Auth Res Recovery Rev Colver Proj Rfdg, Ser G (AMT)			5.125				12/01/15				727,560
	1,000			Pennsylvania Econ Dev Fin Auth Sew Sludge Disp Rev Philadelphia Bio Solids Fac			5.500				01/01/18				1,031,670
	2,000			Pennsylvania Econ Dev Fin Auth Sew Sludge Disp Rev Philadelphia Bio Solids Fac			6.250				01/01/32				2,054,920
	1,585			Pennsylvania Hsg Fin Agy, Ser 100A (AMT)			5.100				10/01/22				1,616,351
	520			Pennsylvania Hsg Fin Agy Single Family Mtg, Ser 66-A (AMT)			5.650				04/01/29				519,953
	12,135			Pennsylvania Intergvtl Coop Auth Spl Tax Rev Philadelphia Fdg Pgm Rfdg (a)			5.000				06/15/21				13,304,450

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	3,000			Pennsylvania St First			5.000	%			10/01/23			$	3,276,750
	1,000			Pennsylvania St Higher Ed Fac Auth Rev Clarion Univ Fndtn Inc, Ser A (Syncora Gtd)			5.000				07/01/28				861,370
	1,500			Pennsylvania St Higher Ed Fac Auth Rev Clarion Univ Fndtn Inc, Ser A (Syncora Gtd)			5.000				07/01/33				1,226,490
	1,500			Pennsylvania St Higher Ed Fac Auth Rev Clarion Univ Fndtn Inc, Ser A (Syncora Gtd)			5.250				07/01/18				1,497,405
	3,000			Pennsylvania St Higher Ed Fac Auth Rev Drexel Univ			5.500				05/01/16				3,189,990
	4,000			Pennsylvania St Higher Ed Fac Auth Rev Drexel Univ			5.500				05/01/17				4,224,440
	1,000			Pennsylvania St Higher Ed Fac Auth Rev Geneva College Proj (Prerefunded @ 4/01/12)			6.125				04/01/22				1,114,780
	4,000			Pennsylvania St Higher Ed Fac Auth Rev La Salle Univ			5.500				05/01/34				4,010,240
	3,000			Pennsylvania St Higher Ed Fac Auth Rev Messiah College, Ser AA-3 (Radian Insd)			5.500				11/01/22				3,030,090
	1,540			Pennsylvania St Higher Ed Fac Auth Rev Thomas Jefferson Univ			5.375				01/01/25				1,582,396
	15,925			Pennsylvania St Higher Ed Fac Auth Rev Trustees Univ PA, Ser C (a)			5.000				07/15/38				16,279,331
	3,320			Pennsylvania St Higher Ed Fac Auth Rev Univ Sciences Philadelphia, Ser A (Syncora Gtd)			5.000				11/01/36				3,347,224

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	5,850			Pennsylvania St Higher Ed Fac Auth Rev UPMC Hlth Sys, Ser A			6.000	%			01/15/31			$	6,030,005
	5,600			Pennsylvania St Higher Ed Fac Auth Rev UPMC Hlth Sys, Ser A (AGM Insd)			5.000				08/01/29				5,630,576
	1,200			Pennsylvania St Tpk Com Tpk Rev, Ser A (AMBAC Insd)			5.250				12/01/21				1,290,348
	12,995			Pennsylvania St Tpk Com Tpk Rev, Ser A1 (AGL Insd) (a)			5.000				06/01/38				13,029,307
	5,840			Pennsylvania St Tpk Commn Tpk Rev Conv Cap Apprec Sub, Ser C (AGM Insd) (d)			0.000/6.250				06/01/33				4,253,622
	2,000			Pennsylvania St Univ (a)			5.000				09/01/29				2,100,740
	4,000			Pennsylvania St Univ (a)			5.000				09/01/35				4,132,640
	1,250			Philadelphia, PA Arpt Rev, Ser A (NATL Insd) (AMT)			5.000				06/15/23				1,223,688
	2,000			Philadelphia, PA Auth For Indl Dev Rev Coml Dev (AMT)			7.750				12/01/17				1,999,680
	2,500			Philadelphia, PA Auth For Indl Dev Rev First Philadelphia Charter, Ser A			5.850				08/15/37				2,222,950
	2,610			Philadelphia, PA Auth For Indl Dev Rev Please Touch Museum Proj			5.250				09/01/21				2,528,438
	4,230			Philadelphia, PA Auth For Indl Dev Rev Please Touch Museum Proj			5.250				09/01/26				3,721,216
	1,000			Philadelphia, PA Auth For Indl Dev Rev Please Touch Museum Proj			5.250				09/01/31				893,180

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	6,700			Philadelphia, PA Auth For Indl Dev Rev Please Touch Museum Proj			5.250	%			09/01/36			$	5,479,662
	2,500			Philadelphia, PA Auth For Indl Dev Rev, Ser A			5.500				09/15/37				2,113,525
	4,005			Philadelphia, PA Auth Indl Dev Amern College of Physicians			5.500				06/15/27				4,017,776
	2,250			Philadelphia, PA Auth Indl Dev PA Arpt Sys Proj, Ser A (NATL Insd) (AMT)			5.125				07/01/19				2,263,883
	2,500			Philadelphia, PA Auth Indl Dev PA Arpt Sys Proj, Ser A (NATL Insd) (AMT)			5.250				07/01/28				2,428,075
	8,000			Philadelphia, PA Auth Indl, Ser B (AGM Insd) (Prerefunded @ 10/01/11)			5.500				10/01/17				8,724,000
	3,505			Philadelphia, PA Gas Wks Rev 12th, Ser B (NATL Insd) (b)			7.000				05/15/20				4,328,395
	1,645			Philadelphia, PA Proj Auth Rev, Ser A (AMBAC Insd)			5.250				02/15/29				1,645,362
	1,905			Philadelphia, PA Redev Auth Rev Neighborhood Trans, Ser A (NATL Insd)			5.500				04/15/16				2,012,766
	2,850			Philadelphia, PA Redev Auth, Ser A (AMT)			4.750				12/01/28				2,687,151
	1,500			Philadelphia, PA Rfdg, Ser A (AGL Insd)			5.500				08/01/24				1,651,530
	3,500			Philadelphia, PA Rfdg, Ser A (AGM Insd)			5.250				12/15/25				3,708,600
	2,500			Philadelphia, PA Sch Dist, Ser E (BHAC Insd)			5.125				09/01/23				2,722,950

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	1,040			Philadelphia, PA Ser B (AGL Insd)			7.125	%			07/15/38			$	1,172,319
	1,500			Philadelphia, PA Wtr & Wastewtr Rev, Ser A			5.250				01/01/36				1,530,990
	500			Pittsburgh & Allegheny Cnty, PA Pub Aud Hotel Room (AMBAC Insd)			5.125				02/01/35				436,710
	16,000			Pittsburgh & Allegheny Cnty, PA Pub Aud Regl Asset Dist Sales Tax (AMBAC Insd)			5.000				02/01/24				16,002,240
	4,990			Pittsburgh & Allegheny Cnty, PA Pub Aud Regl Asset Dist Sales Tax (AMBAC Insd)			5.000				02/01/29				4,800,480
	2,215			Pittsburgh, PA Pub Pkg Auth Rev Rfdg, Ser A (NATL Insd)			5.000				12/01/25				2,282,646
	5,140			Pittsburgh, PA, Ser A (AMBAC Insd)			5.500				09/01/17				5,272,406
	3,000			Pittsburgh, PA, Ser A (AMBAC Insd) (Prerefunded @ 3/01/12)			5.500				09/01/17				3,297,090
	1,455			Pittsburgh, PA Urban Redev Auth Mtg Rev, Ser C (GNMA Collateralized) (AMT)			5.700				04/01/30				1,455,567
	2,000			Pittsburgh, PA Wtr & Swr Auth Wtr & Swr Sys Rev 1st Lien, Ser D (AGM Insd)			5.000				09/01/24				2,107,960
	3,000			Pittsburgh, PA Wtr & Swr Auth Wtr & Swr Sys Rev 1st Lien, Ser D (AGM Insd)			5.000				09/01/25				3,145,620
	2,300			Radnor Twp, PA Sch Dist, Ser A (AGM Insd)			5.000				02/15/35				2,339,905
	1,500			Radnor Twp, PA Sch Dist, Ser B (AGM Insd)			5.000				02/15/28				1,585,740

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	900			Southcentral, PA Gen Auth Rev Wellspan (NATL Insd)			5.375	%			05/15/28				$    961,326
	4,100			Southcentral, PA Gen Auth Rev Wellspan (NATL Insd) (Prerefunded @ 5/15/11)			5.375				05/15/28				4,403,892
	2,500			State Pub Sch Bldg Auth PA Sch Rev Harrisburg Sch Dist Proj, Ser A (AGL Insd)			5.000				11/15/33				2,565,250
	2,360			State Pub Sch Bldg Auth PA Sch Rev Jefferson Cnty Dubois Tech Sch (NATL Insd)			5.375				02/01/23				2,467,522
	2,140			Susquehanna Area Regl Arpt Auth PA Arpt Sys Rev, Ser A (AMBAC Insd) (AMT)			5.375				01/01/21				2,135,527
	5,205			Susquehanna Area Regl Arpt Auth PA Arpt Sys Rev, Ser A (AMBAC Insd) (AMT)			5.375				01/01/23				5,079,351
	2,545			Susquehanna Area Regl Arpt Auth PA Arpt Sys Rev, Ser A (AMBAC Insd) (AMT)			5.500				01/01/18				2,579,790
	5,500			Susquehanna Area Regl Arpt Auth PA Arpt Sys Rev, Ser D			5.375				01/01/18				4,931,960
	1,950			Swarthmore Boro Auth PA College			5.250				09/15/18				2,136,849
	2,850			Trinity Area Sch Dist PA (NATL Insd)			5.250				11/01/20				3,046,109
	1,820			Twin Vly, PA Sch Dist (AGM Insd) (Prerefunded @ 10/01/15)			5.250				04/01/26				2,153,861
	1,000			Union Cnty, PA Higher Ed Fac Auth Bucknell Univ, Ser A			5.250				04/01/19				1,099,870

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Pennsylvania (continued)
$	2,300			Union Cnty, PA Hosp Auth Hosp Rev Evangelical Cmnty Hosp (Radian Insd)			5.250	%			08/01/24			$	2,179,204
	1,285			Unity Twp, PA Muni Auth Swr Rev (AGM Insd)			5.000				12/01/24				1,341,077
	10,000			Univ Pittsburgh Of The Comwlth Sys of Higher Ed PA Univ Cap Proj Rmkt Rfdg, Ser B (a)			5.250				09/15/34				10,754,200
	10,000			Univ Pittsburgh Of The Comwlth Sys of Higher Ed PA Univ Cap Proj Rmkt, Ser A (a)			5.250				09/15/30				10,935,900
	5,025			Washington Cnty, PA, Ser A (AMBAC Insd)			5.125				09/01/27				5,093,390
	825			Washington Cnty, PA, Ser A (AMBAC Insd) (Prerefunded @ 9/01/12)			5.125				09/01/27				916,798
	1,500			West Mifflin, PA Area Sch Dist (AGM Insd)			5.125				04/01/31				1,561,140
	500			West Mifflin, PA Area Sch Dist (AGM Insd)			5.500				04/01/24				558,550
	6,000			West Shore, PA Area Hosp Auth Holy Spirit Hosp Proj			6.250				01/01/32				6,000,720
	1,550			Westmoreland Cnty, PA Indl Dev Auth Rev Retirement Cmnty Redstone, Ser A			5.750				01/01/26				1,350,887
															521,665,934
				Guam   1.8%
	2,700			Guam Econ Dev & Comm Auth Tob Settlement			5.625				06/01/47				2,290,653
	1,250			Guam Govt Ltd Oblig Rev Sect 30, Ser A			5.625				12/01/29				1,263,537
	500			Guam Govt Ltd Oblig Rev Sect 30, Ser A			5.750				12/01/34				507,080

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Guam (continued)
$	1,585			Guam Intl Arpt Auth Gen, Ser B (NATL Insd)			5.250	%			10/01/21			$	1,608,268
															5,669,538
				Puerto Rico   3.9%
	1,930			Puerto Rico Comwlth Infrastrucure Fin Auth Spl Tax Rev Rfdg, Ser C (AMBAC Insd)			5.500				07/01/27				1,900,181
	1,000			Puerto Rico Elec Pwr Auth Rev, Ser TT			5.000				07/01/37				952,680
	2,000			Puerto Rico Elec Pwr Auth Rev, Ser WW			5.000				07/01/28				1,978,560
	1,500			Puerto Rico Elec Pwr Auth Rev, Ser WW			5.250				07/01/33				1,499,940
	1,000			Puerto Rico Elec Pwr Auth Rev, Ser WW			5.500				07/01/21				1,055,070
	2,260			Puerto Rico Sales Tax Fin Corp Sales Tax Rev Conv Cap Apprec, Ser A (d)(e)			0.000/6.250				08/01/33				1,291,929
	2,500			Puerto Rico Sales Tax Fin Corp Sales Tax Rev First Sub, Ser A (c)			5.000				08/01/39				2,625,950
	1,500			Puerto Rico Sales Tax Fin Corp Sales Tax Rev First Sub, Ser A (e)			5.375				08/01/39				1,481,400
															12,785,710
				U.S. Virgin Islands   2.5%
	1,500			University VI Impt, Ser A			5.375				06/01/34				1,413,570
	1,000			Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt, Ser A			6.375				10/01/19				1,019,820

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				U.S. Virgin Islands (continued)
$	3,000			Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt, Ser A (ACA Insd) (Prerefunded @ 10/01/10)			6.125	%			10/01/29			$	3,149,400
	2,425			Virgin Islands Pub Fin Auth Rev Matching Fd Ln Diago, Ser A			6.625				10/01/29				2,561,334
															8,144,124

Total Long-Term Investments   169.0% (Cost $544,822,432)			548,265,306
Total Short-Term Investments   1.6% (Cost $5,200,000)			5,200,000
Total Investments 170.6% (Cost $550,022,432)			553,465,306
Liability for Floating Rate Note Obligations Related to Securities Held (20.6%) (Cost ($66,855,000))

(66,855)		Notes with interest rates ranging from 0.18% to 0.23% at January 31, 2010 and contractual maturities of collateral ranging from 2017 to 2038 (f)					(66,855,000	)

Total Net Investments 150.0% (Cost $483,167,432)			486,610,306
Other Assets in Excess of Liabilities 0.9%			2,885,147
Preferred Shares (including accrued distributions) (50.9%)			(165,022,017	)
Net Assets Applicable to Common Shares 100.0%			$ 324,473,436

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

(a)		Underlying security related to Inverse Floaters entered into by the Trust.
(b)		Escrowed to Maturity
(c)		Variable Rate Coupon
(d)		Security is a “step up” bond where the coupon increases or steps up at a predetermined rate.
(e)		Security purchased on a when-issued or delayed delivery basis.

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

(f)

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

ACA — American Capital Access

AGL — Assured Guaranty Ltd.
AGM — Assured Guaranty Municipal Corp.
AMBAC — AMBAC Indemnity Corp.
AMT — Alternative Minimum Tax
BHAC — Berkshire Hathaway Assurance Corp.
CIFG — CDC IXIS Financial Guaranty
GNMA — Government National Mortgage Association
NATL — National Public Finance Guarantee Corp.
Radian — Radian Asset Assurance
Syncora Gtd — Syncora Guaranteed 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.

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 these securities.

Van Kampen Pennsylvania Value Municipal Income Trust
Portfolio of Investments § January 31, 2010 (Unaudited) continued

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				Significant
		Quoted				Observable				Unobservable
Investments		Prices				Inputs				Inputs				Total
Investments in an Asset Position
Municipal Bonds
Issued by States of the United States and Political Subdivisions of the United States		$	—			$	551,694,689			$	—			$	551,694,689
Issued by Foreign Governments			—				1,770,617				—				1,770,617
Total Investments in an Asset Position		$	—			$	553,465,306			$	—			$	553,465,306

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 Pennsylvania Value Municipal Income Trust

Name: 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.

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

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