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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number 811-07404

Invesco Van Kampen California Value Municipal Income Trust

(Exact name of registrant as specified in charter)

1555 Peachtree Street, N.E., Atlanta, Georgia 30309
(Address of principal executive offices) (Zip code)

Colin Meadows 1555 Peachtree Street, N.E., Atlanta, Georgia 30309
(Name and address of agent for service)

Registrant’s telephone number, including area code: (713) 626-1919

Date of fiscal year end: 10/31

Date of reporting period: 07/31/10

 

 

Item 1. Schedule of Investments.

Invesco Van Kampen California Value
Municipal Income Trust
Quarterly Schedule of Portfolio Holdings
July 31, 2010

invesco.com/us		VK-CE-CAVMI-QTR-1 07/10		Invesco Advisers, Inc.

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited)

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Municipal Bonds 169.2%
				California 163.2%
$	2,000			Abag Fin Auth For Nonprofit Corp CA Insd Rev Ctf Lincoln Glen Manor Sr Ctzn (CA MTG Insd)			6.100	%			02/15/25			$	2,001,760
	2,000			Adelanto, CA Pub Util Auth Rev Rfdg Util Sys Proj, Ser A			6.750				07/01/39				2,067,440
	1,725			Alhambra, CA Rev Atherton Baptist Homes, Ser A			7.500				01/01/30				1,826,292
	3,540			Anaheim, CA Pub Fin Auth Lease Rev Cap Apprec Pub Impt Proj, Ser C (AGM Insd)			*				09/01/32				867,442
	4,250			Anaheim, CA Redev Agy Tax Alloc Rfdg Merged Redev Proj Area, Ser A (AGM Insd) (a)			5.000				02/01/31				4,283,065
	4,120			Apple Valley, CA Redev Agy Tax Alloc Proj Area No 2 (AMBAC Insd)			5.000				06/01/37				3,694,486
	2,790			Banning, CA Cmnty Redev Agy Tax Alloc Merged Downtown (Radian Insd)			5.000				08/01/23				2,592,970
	2,510			Bay Area Govt Assn CA Lease West Sacramento, Ser A (Syncora Gtd)			5.000				09/01/24				2,588,864
	4,500			Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area, Ser F1 (a)			5.125				04/01/39				4,689,900
	6,000			Bay Area Toll Auth CA Toll Brdg Rev, Ser F (a)			5.000				04/01/31				6,248,040
	3,000			Beverly Hills, CA Uni Sch Dist Cap Apprec 2008 Election			*				08/01/28				1,209,510

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	1,510			Brea & Olinda, CA Uni Sch Dist Ctf Partn Rfdg, Ser A (AGM Insd)			5.500	%			08/01/20			$	1,587,916
	3,535			Brea, CA Redev Agy Tax Alloc Rfdg, Ser A (AMBAC Insd)			5.500				08/01/20				3,603,119
	3,000			California Cnty, CA Tob Sec Agy Tob Asset Bkd Los Angeles Cnty Sec (b)			0.00/5.450				06/01/28				2,327,520
	2,000			California Ed Fac Auth Rev CA College Arts			5.000				06/01/35				1,720,260
	7,480			California Ed Fac Auth Rev Claremont McKenna College (a)			5.000				01/01/38				7,732,450
	2,000			California Ed Fac Auth Rev Pitzer College			5.375				04/01/34				2,044,480
	1,445			California Ed Fac Auth Rev Pooled College & Univ, Ser B			5.250				04/01/24				1,393,009
	10,200			California Ed Fac Auth Rev Univ Southn CA, Ser A (a)			5.250				10/01/39				10,981,014
	2,500			California Hlth Fac Fin Auth Rev Adventist Hlth Sys West, Ser A			5.750				09/01/39				2,591,100
	2,500			California Hlth Fac Fin Auth Rev Catholic Hlthcare West, Ser A			6.000				07/01/39				2,689,200
	4,000			California Hlth Fac Fin Auth Rev Cedars Sinai Med Ctr			5.000				08/15/39				3,874,880
	2,000			California Hlth Fac Fin Auth Rev Childrens Hosp (AGM Insd)			5.250				07/01/38				2,009,120
	3,000			California Hlth Fac Fin Auth Rev Providence Hlth & Svc, Ser C			6.500				10/01/33				3,439,950
	3,500			California Hlth Fac Fin Auth Rev Scripps Hlth, Ser A			5.000				11/15/36				3,520,440

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	3,000			California Hlth Fac Fin Auth Rev Sutter Hlth, Ser A			5.000	%			11/15/42			$	2,888,220
	2,300			California Hsg Fin Agy Rev Home Mtg, Ser E (FGIC Insd) (AMT)			5.000				02/01/24				2,166,301
	8,480			California Hsg Fin Agy Rev Home Mtg, Ser G (a)			4.950				08/01/23				7,983,157
	5,150			California Hsg Fin Agy Rev Home Mtg, Ser M (AMT)			4.700				08/01/36				4,107,743
	2,005			California Hsg Fin Agy Rev Multi-Family Hsg III, Ser A (NATL Insd) (AMT)			5.850				08/01/17				2,006,985
	2,500			California Muni Fin Auth Ctf Partn Cmnty Hosp Cent CA			5.250				02/01/37				2,271,150
	1,000			California Muni Fin Auth Ed High Tech High Chula Vista, Ser B (c)			6.000				07/01/28				942,420
	1,000			California Pollutn Ctl Fin Auth Pollutn Ctl Rev Gas & Elec Rfdg, Ser A (NATL Insd)			5.900				06/01/14				1,148,560
	2,450			California Pollutn Ctl Fin Auth San Jose Water Co Proj			5.100				06/01/40				2,459,236
	3,500			California Pollutn Ctl Fin Auth Solid Waste Disp Rev Waste Mgmt Inc Proj, Ser B (AMT)			5.000				07/01/27				3,515,085
	2,000			California Pollutn Ctl Fin Auth Solid Waste Disp Rev Waste Mgmt Inc Proj, Ser C (AMT) (d)			5.125				11/01/23				2,013,560
	15			California Rural Home Mtg Fin Auth Single Family Mtg Rev Mtg Bkd Sec Pgm, Ser B (GNMA Collateralized) (AMT)			6.150				06/01/20				15,551

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	35			California Rural Home Mtg Fin Auth Single Family Mtg Rev Mtg Bkd Sec Pgm, Ser B (GNMA Collateralized) (AMT)			6.250	%			12/01/31			$	35,411
	9,000			California St Dept Vet Affairs Home Pur Rev, Ser A (AMT) (a)			4.950				12/01/37				8,008,560
	2,000			California St Dept Wtr Res Pwr Supply Rev, Ser F-5			5.000				05/01/22				2,240,100
	3,000			California St Econ Recovery Rfdg, Ser A			5.250				07/01/21				3,427,560
	3,000			California St Univ Rev Syswide, Ser A			5.250				11/01/38				3,182,250
	10,000			California St Univ Rev Syswide, Ser D (AGM Insd) (a)			4.500				11/01/37				9,553,400
	1,150			California St Var Purp			5.750				04/01/31				1,231,109
	2,500			California Statewide Cmnty Dev Auth CHF Irvine LLC UCI East Campus			5.750				05/15/32				2,559,600
	2,230			California Statewide Cmnty Dev Auth CHF Irvine LLC UCI East Rfdg			5.000				05/15/38				2,071,960
	1,250			California Statewide Cmnty Dev Auth Rev CA Baptist Univ, Ser A			5.500				11/01/38				1,049,737
	2,000			California Statewide Cmnty Dev Auth Rev FHA Insd Mtg Methodist Hosp Proj (FHA Gtd)			6.750				02/01/38				2,231,280
	1,500			California Statewide Cmnty Dev Auth Rev Front Porch Cmnty & Svc, Ser A (c)			5.125				04/01/37				1,348,335

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	1,825			California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist Hlth, Ser A			5.000	%			03/01/19			$	1,913,731
	2,750			California Statewide Cmnty Dev Auth Rev Insd Enloe Med Ctr (CA MTG Insd)			6.250				08/15/28				2,952,675
	2,000			California Statewide Cmnty Dev Auth Rev Kaiser Permanente, Ser A			5.000				04/01/19				2,229,700
	2,000			California Statewide Cmnty Dev Auth Rev Sr Living Southn CA Presbyterian Homes			7.250				11/15/41				2,187,760
	2,000			California Statewide Cmntys Dev Auth Rev Amern Baptist Homes West			6.250				10/01/39				2,013,640
	260			Carlsbad, CA Spl Tax Escrow Cmnty Fac 3 Impt Area 2			6.050				09/01/28				247,377
	845			Carlsbad, CA Spl Tax Escrow Cmnty Fac 3 Impt Area 2			6.150				09/01/38				784,464
	2,000			Carson, CA Redev Agy Tax Alloc Rfdg, Ser A (NATL Insd)			5.000				10/01/23				2,023,480
	1,085			Cathedral City, CA Pub Fin Auth Rev Cap Apprec, Ser A (NATL Insd)			*				08/01/27				381,681
	1,085			Cathedral City, CA Pub Fin Auth Rev Cap Apprec, Ser A (NATL Insd)			*				08/01/28				355,815
	1,085			Cathedral City, CA Pub Fin Auth Rev Cap Apprec, Ser A (NATL Insd)			*				08/01/30				307,728

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	1,085			Cathedral City, CA Pub Fin Auth Rev Cap Apprec, Ser A (NATL Insd)			*				08/01/31			$	286,592
	1,085			Cathedral City, CA Pub Fin Auth Rev Cap Apprec, Ser A (NATL Insd)			*				08/01/32				267,279
	1,085			Cathedral City, CA Pub Fin Auth Rev Cap Apprec, Ser A (NATL Insd)			*				08/01/33				249,680
	220			Cerritos, CA Cmnty College Dist Election 2004, Ser A (NATL Insd)			5.000	%			08/01/27				227,651
	2,000			Chula Vista, CA Cmnty Fac Dist Spl Tax No 01-1 Impt Area San Miguel, Ser B			5.350				09/01/26				1,775,780
	2,000			Chula Vista, CA Indl Dev Rev San Diego Gas, Ser A			5.300				07/01/21				2,147,660
	1,540			Chula Vista, CA Redev Agy Tax Alloc Sub Bayfront Rfdg, Ser B			5.250				10/01/27				1,356,956
	1,605			Coachella, CA Fin Auth Tax Alloc Rev Redev Proj 4 Rfdg, Ser B (Syncora Gtd)			5.250				09/01/34				1,469,747
	970			Coachella, CA Redev Agy Tax Alloc Proj Area No 3 Rfdg			5.875				12/01/28				880,430
	2,000			Colton, CA Redev Agy Tax Alloc Mt Vernon Corridor Redev Proj			6.300				09/01/36				2,003,600
	1,600			Commerce, CA Jt Pwr Fin Auth Lease Rev Cmnty Ctr Proj (Syncora Gtd)			5.000				10/01/29				1,513,072

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	2,000			Commerce, CA Jt Pwr Fin Auth Lease Rev Cmnty Ctr Proj (Syncora Gtd)			5.000	%			10/01/34			$	1,814,940
	1,750			Compton, CA Wtr Rev			6.000				08/01/39				1,832,985
	1,975			Daly City, CA Hsg Dev Fin Agy Mobile Home Pk Rev Third Tier Franciscan Rfdg, Ser C			6.500				12/15/47				1,741,515
	2,000			Desert Hot Springs, CA Redev Agy Tax Alloc Merged Redev Proj, Ser A-2			5.750				09/01/38				1,972,460
	1,500			Eden Township Hlthcare Dist			6.000				06/01/30				1,509,825
	960			El Cerrito, CA Redev Agy Tax Alloc Redev Proj Area Rfdg, Ser B (NATL Insd) (AMT)			5.250				07/01/15				1,062,528
	1,000			Emeryville, CA Pub Fin Auth Rev Shellmound Pk Redev & Hsg Proj, Ser B (NATL Insd)			5.000				09/01/19				1,000,650
	1,000			Fairfield, CA Cmnty Fac Dist Spl Tax No 2007-1 Fairfield Commons			6.875				09/01/38				972,690
	5,155			Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc, Ser A (NATL Insd)			5.000				09/01/33				4,706,979
	3,000			Folsom, CA Pub Fin Auth Spl Tax Rev, Ser A (AMBAC Insd)			5.000				09/01/28				2,829,360
	1,000			Fontana, CA Redev Agy Tax Alloc Southwest Indl Park Proj (NATL Insd)			5.000				09/01/22				1,000,250
	1,950			Fontana, CA Redev Agy Tax Alloc Southwest Indl Park Proj (NATL Insd)			5.200				09/01/30				1,886,215

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	2,950			Foothill/Eastern Corridor Agy CA Toll Rd Rev (e)			*				01/01/27			$	1,510,134
	10,000			Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg			*				01/15/25				3,726,600
	15,000			Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg			*				01/15/26				5,244,450
	5,000			Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg			*				01/15/31				1,244,400
	5,500			Foothill/Eastern Corridor Agy CA Toll Rd Rev Conv Cap Apprec Rfdg			5.875	%			01/15/27				5,477,450
	1,955			Garden Grove, CA Agy Cmnty Dev Sub Nt (Acquired 5/27/08, Cost $1,702,903) (f)			6.000				10/01/27				1,636,198
	1,080			Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1			4.500				06/01/27				939,762
	5,435			Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr, Ser A-1			5.750				06/01/47				3,871,133
	3,000			Hawthorne, CA Spl Tax Cmnty Fac Dist No, Ser 2006-1			5.000				09/01/36				1,977,570
	2,000			Indio, CA Redev Agy Tax Alloc Sub Merged Redev Proj Area, Ser A			5.625				08/15/35				1,969,580
	3,435			Irvine, CA Pub Fac & Infrastructure Auth Assmt Rev, Ser B (AMBAC Insd)			5.000				09/02/22				3,408,104
	1,000			Jurupa, CA Cmnty Svc Dist Spl Tax Cmnty Fac Dist No 24, Ser A			6.375				09/01/27				1,019,840

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	1,325			Jurupa, CA Cmnty Svc Dist Spl Tax Cmnty Fac Dist No 24, Ser A			6.625	%			09/01/38			$	1,341,828
	1,000			La Quinta, CA Fin Auth Loc Agy Rev, Ser A (AMBAC Insd)			5.250				09/01/24				1,014,620
	1,420			La Quinta, CA Redev Agy Tax Alloc Redev Proj Area No 1 (AMBAC Insd)			5.000				09/01/22				1,443,686
	1,500			La Quinta, CA Redev Agy Tax Redev Proj Area No 1 (AMBAC Insd)			5.125				09/01/32				1,417,515
	1,000			Lancaster, CA Redev Agy Tax Comb Redev Proj Areas			6.875				08/01/39				1,120,730
	1,000			Lathrop, CA Impt Bd Act 1915 Mossdale Vlg Assmt Dist 03-1			5.000				09/02/25				808,980
	1,000			Loma Linda, CA Redev Agy Tax Loma Linda Redev Proj Rfdg (NATL Insd)			5.125				07/01/30				1,017,340
	145			Long Beach, CA Bd Fin Auth Tax Alloc Rev North Long Beach Redev Proj, Ser A (AMBAC Insd)			5.375				08/01/21				146,383
	2,000			Long Beach, CA Spl Tax Long Beach Towne Ctr			5.750				10/01/25				2,029,740
	5,000			Los Angeles, CA Cmnty College Dist 2003 Election, Ser F1 (a)			5.000				08/01/33				5,139,350
	2,215			Los Angeles, CA Cmnty Redev Agy Multi-Family Hsg Rev Grand Cent Square Rfdg, Ser B (AMBAC Insd) (AMT)			4.750				12/01/26				1,855,727

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	3,000			Los Angeles, CA Ctf Partn Sr Sonnenblick Del Rio W LA (AMBAC Insd)			6.000	%			11/01/19			$	3,049,530
	2,000			Los Angeles, CA Dept Arpt Rev LA Intl Arpt, Ser A			5.000				05/15/35				2,042,580
	1,230			Los Angeles, CA Dept Arpt Rev LA Intl Arpt, Ser C			5.125				05/15/33				1,262,484
	2,000			Los Angeles, CA Dept Wtr & Pwr Wtrwks Rev Sys, Ser A			5.375				07/01/38				2,165,880
	2,000			Los Angeles, CA Uni Sch Dist, Ser D			5.000				01/01/34				2,046,160
	4,000			Los Angeles, CA Wtr & Pwr Rev Pwr Sys, Ser A-1 (a)			5.250				07/01/38				4,276,200
	3,000			Los Angeles, CA Wtr & Pwr Rev Pwr Sys, Ser A-1			5.250				07/01/38				3,207,120
	1,250			Los Angeles Cnty, CA Sch Regionalized Business Svc Ctf Partn Cap Apprec Pooled Fin, Ser A (AGM Insd)			5.000				09/01/28				1,266,338
	1,200			Los Angeles Cnty, CA Sch Regionalized Business Svc Ctf Partn Cap Apprec Pooled Fin, Ser A (AMBAC Insd)			*				08/01/26				394,740
	2,000			Mendocino Cnty, CA Ctf Partn Cnty Pub Fac Corp (NATL Insd)			5.250				06/01/30				1,946,980
	1,900			Metropolitan Wtr Dist Southn CA Auth, Ser B-2 (NATL Insd)			5.000				10/01/26				2,064,806
	2,000			Montclair, CA Redev Agy Mobile Home Pk Rev Hacienda Mobile Home Pk Proj			6.000				11/15/22				2,023,120

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	2,055			Morongo Band of Mission Indians CA Enterprise Rev Indians Enterprise Casino, Ser B (c)			5.500	%			03/01/18			$	1,952,764
	2,175			Morongo Band Of Mission Indians CA Enterprise Rev Indians Enterprise Casino, Ser B (c)			6.500				03/01/28				2,068,947
	3,180			Mount Diablo, CA Uni Sch Dist (AGM Insd) (a)			5.000				08/01/26				3,243,695
	1,730			National City, CA Cmnty Dev Commn Tax Alloc National City Redev Proj, Ser A (AMBAC Insd)			5.500				08/01/32				1,701,818
	2,000			Needles, CA Pub Util Auth Util Sys Acquisition Proj, Ser A			6.500				02/01/22				2,000,180
	1,000			Orange Cnty, CA Arpt Rev, Ser A			5.000				07/01/31				1,020,520
	1,000			Oxnard, CA Uni High Sch Dist Rfdg, Ser A (NATL Insd)			6.200				08/01/30				1,082,510
	1,230			Palm Desert, CA Fin Auth Tax Alloc Rev Proj Area No 2 Rfdg, Ser A (NATL Insd)			5.000				08/01/21				1,235,793
	250			Palm Springs, CA Arpt Sub Palm Springs Intl Arpt Rfdg (AMT)			5.450				07/01/20				231,530
	475			Palm Springs, CA Arpt Sub Palm Springs Intl Arpt Rfdg (AMT)			5.550				07/01/28				424,565
	250			Palm Springs, CA Arpt Sub Palm Springs Intl Arpt Rfdg (AMT)			6.000				07/01/18				242,823

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	250			Palm Springs, CA Arpt Sub Palm Springs Intl Arpt Rfdg (AMT)			6.400	%			07/01/23			$	235,483
	530			Palm Springs, CA Arpt Sub Palm Springs Intl Arpt Rfdg (AMT)			6.500				07/01/27				493,266
	2,000			Palomar Pomerado Hlthcare Dist CA Ctf Partn			6.750				11/01/39				2,186,760
	2,000			Perris, CA Pub Fin Auth Loc Agy Rev Perris Vly Vistas IA 3, Ser B			6.625				09/01/38				1,905,860
	4,350			Perris, CA Pub Fin Auth Rev Tax Alloc			5.350				10/01/36				3,633,033
	1,000			Perris, CA Pub Fin Auth Rev Tax Alloc, Ser A (NATL Insd)			5.000				10/01/31				940,220
	1,000			Pico Rivera, CA Wtr Auth Rev Wtr Sys Proj, Ser A (NATL Insd)			5.500				05/01/19				1,093,480
	1,375			Pittsburg, CA Redev Agy Tax Alloc Los Medanos Cmnty Dev Proj (AMBAC Insd)			*				08/01/26				494,780
	2,325			Port Oakland, CA Rfdg, Ser N (NATL Insd) (AMT)			5.000				11/01/22				2,338,927
	175			Port Oakland, CA Rfdg, Ser N (NATL Insd) (Prerefunded @ 11/01/12) (AMT)			5.000				11/01/22				192,955
	1,000			Poway, CA Redev Agy Tax Alloc Paguay Redev Proj, Ser A (NATL Insd)			5.000				06/15/33				921,870
	2,000			Rancho Cordova Cmnty Fac Dist CA Spl Tax No 2003-1 Sunridge Anatolia			6.000				09/01/24				2,000,520

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	1,000			Rancho Cucamonga, CA Redev Agy Tax Alloc Rancho Redev Proj (AGM Insd)			5.250	%			09/01/20			$	1,000,730
	1,220			Rancho Mirage, CA Redev Agy Tax Alloc Redev Plan 1984 Proj, Ser A-1 (NATL Insd)			5.000				04/01/26				1,210,752
	2,540			Rancho Mirage, CA Redev Agy Tax Alloc Redev Plan 1984 Proj, Ser A-E (NATL Insd)			5.250				04/01/33				2,423,287
	3,800			Redlands, CA Redev Agy Tax Alloc Redev Proj Rfdg, Ser A (NATL Insd)			4.750				08/01/21				3,800,570
	4,000			Redwood City, CA Sch Dist (NATL Insd)			5.000				07/15/23				4,207,800
	2,000			Richmond, CA Jt Pwr Fin Auth Rev Lease Point Potrero, Ser A			6.250				07/01/24				2,206,480
	5,000			Riverside, CA Cmnty College Dist Election 2004, Ser C (AGM Insd) (a)			5.000				08/01/32				5,157,850
	2,000			RNR Sch Fin Auth CA Spl Tax Cmnty Fac Dist No 92 1, Ser A (AMBAC Insd)			5.000				09/01/36				1,798,480
	1,650			Roseville, CA Jt Uni High Sch Dist, Ser B (NATL Insd)			*				06/01/20				995,841
	1,000			Roseville, CA Spl Tax Fountains Cmnty Fac Dist No 1			6.125				09/01/38				943,220
	265			Sacramento, CA City Fin Auth Rev Cap Impt (AMBAC Insd)			5.000				12/01/33				263,717
	900			Sacramento, CA City Fin Auth Rev Tax Alloc, Ser A (NATL Insd)			5.000				12/01/34				816,453

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	4,960			Sacramento, CA Mun Util Dist Elec, Ser U (AGM Insd) (a)			5.000	%			08/15/24			$	5,443,997
	10,000			Sacramento, CA Mun Util Dist Elec, Ser U (AGM Insd) (a)			5.000				08/15/26				10,803,100
	1,000			Salinas Vly, CA Solid Waste Auth Rev (AMBAC Insd) (AMT)			5.250				08/01/27				955,600
	2,000			Salinas Vly, CA Solid Waste Auth Rev (AMBAC Insd) (AMT)			5.250				08/01/31				1,851,420
	2,000			San Bernardino, CA Jt Pwr Fin Auth Ctf Partn (NATL Insd)			5.500				09/01/20				2,047,340
	5,000			San Diego, CA Cmnty College Dist Election 2002 (a)			5.250				08/01/33				5,340,000
	5,000			San Diego, CA Pub Fac Fin Auth Wtr Rev, Ser B			5.375				08/01/34				5,359,150
	2,500			San Diego, CA Redev Agy Centre City Redev Proj, Ser A			6.400				09/01/25				2,508,900
	655			San Dimas, CA Redev Agy Tax Alloc Creative Growth, Ser A (AGM Insd)			5.000				09/01/16				657,175
	1,660			San Francisco, CA City & Cnty Arpt Commn Intl Arpt Rev Spl Fac Lease, Ser A (AGM Insd) (AMT)			6.125				01/01/27				1,661,760
	2,000			San Francisco, CA City & Cnty Arpt Commn Intl Arpt Second Rfdg, Ser 27A (NATL Insd) (AMT)			5.250				05/01/26				2,008,920
	3,000			San Francisco, CA City & Cnty Arpt Commn Intl Arpt Second Rfdg, Ser 27A (NATL Insd) (AMT)			5.250				05/01/31				2,966,130

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	2,000			Sanger, CA Uni Sch Dist Rfdg (NATL Insd)			5.600	%			08/01/23			$	2,119,820
	1,000			Santa Ana, CA Uni Sch Dist Ctf Partn Cap Apprec Fin Proj (AGM Insd)			*				04/01/36				200,960
	10,000			Santa Clara Cnty, CA Fin Auth Lease Rev Rfdg Lease, Ser L (a)			5.250				05/15/36				10,534,700
	2,000			Sierra View Loc Hlthcare Dist CA Rev			5.250				07/01/32				1,939,140
	3,305			South Orange Cnty, CA Pub Fin Auth Reassmt Rev (AGM Insd)			5.800				09/02/18				3,318,947
	1,640			South Tahoe, CA Jt Pwr Fin Auth Rev Tahoe Redev Proj Area 1-A Rfdg (AGM Insd)			5.000				10/01/29				1,658,942
	2,250			South Tahoe, CA Jt Pwr Fin Redev Proj Area No 1, Ser A (AMBAC Insd)			5.000				10/01/28				2,121,615
	1,285			Southern CA Logistics Arpt Auth, Ser A			6.000				12/01/38				1,120,340
	5,000			Southern CA Pub Pwr Auth Pwr Proj Rev Multi-Proj			6.750				07/01/12				5,553,300
	1,000			Stockton, CA Uni Sch Dist Ctf Partn Cap Proj (AMBAC Insd)			4.375				02/01/31				926,340
	1,000			Stockton, CA Uni Sch Dist Ctf Partn Cap Proj (AMBAC Insd)			4.500				02/01/36				917,460
	1,000			Temecula, CA Redev Agy Tax Alloc Rev Sub Lien Redev Proj No 1			5.500				12/15/38				838,500
	7,000			Tobacco Sec Auth Northn CA Tob Settlement Rev Asset Bkd Bd, Ser A-1			5.375				06/01/38				5,330,500

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				California (continued)
$	550			Tobacco Sec Auth Northn CA Tob Settlement Rev Asset Bkd Bd, Ser A-1			5.500	%			06/01/45			$	377,570
	4,000			Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A-1			5.000				06/01/37				2,934,400
	4,650			Tobacco Sec Auth Southn CA Tob Settlement Sr, Ser A-1			5.125				06/01/46				2,985,300
	1,000			Turlock, CA Hlth Fac Rev Ctf Partn Emanuel Med Ctr, Ser A			5.125				10/15/31				874,010
	1,000			Turlock, CA Hlth Fac Rev Ctf Partn Emanuel Med Ctr, Ser B			5.125				10/15/37				842,200
	2,450			Turlock, CA Irr Dist Rev, Ser A			5.000				01/01/35				2,500,642
	1,500			Twin Rivers Uni Sch Dist CA Bd Antic Nts			*				04/01/14				1,359,660
	2,500			University CA Regt Med Ctr Pooled Rev, Ser E			5.500				05/15/27				2,692,100
	7,500			University, CA Rev, Ser O (a)			5.250				05/15/39				8,082,000
	3,000			Vernon, CA Elec Sys Rev, Ser A			5.125				08/01/21				3,200,910
	2,185			Vista, CA Uni Sch Dist Election 2002, Ser C (AGM Insd) (a)			5.000				08/01/28				2,283,369
	1,000			Vista, CA Uni Sch Dist, Ser A (AGM Insd)			5.000				08/01/23				1,025,130
	5,000			West Contra Costa, CA Uni Sch Dist Cabs (NATL Insd)			*				08/01/25				1,989,150
	2,000			Woodland, CA Fin Auth Lease Rev Cap Proj Rfdg (Syncora Gtd)			5.000				03/01/25				2,059,320
															442,912,746

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
				Guam 1.0%
$	2,650			Guam Govt Ltd Oblig Rev Sect 30, Ser A			5.375	%			12/01/24			$	2,734,190
				Puerto Rico 2.3%
	1,150			Puerto Rico Elec Pwr Auth Pwr Rev, Ser XX			5.250				07/01/40				1,161,914
	3,000			Puerto Rico Sales Tax Fin Corp Sales Tax Rev First Sub, Ser A (d)			5.000				08/01/39				3,143,400
	2,000			Puerto Rico Sales Tax Fin Corp Sales Tax Rev First Sub, Ser C			5.250				08/01/41				2,010,040
															6,315,354
				U.S. Virgin Islands 2.7%
	3,000			Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt, Ser A			6.375				10/01/19				3,042,240
	2,000			Virgin Islands Pub Fin Auth Rev Matching Fd Ln Diago, Ser A			6.625				10/01/29				2,253,780
	2,000			Virgin Islands Pub Fin Auth Rev Matching Fd Ln Nt, Ser A			5.000				10/01/29				1,993,760
															7,289,780
Total Long-Term Investments 169.2% (Cost $466,110,327)															459,252,070
Total Short-Term Investments 1.8% (Cost $4,900,000)															4,900,000
Total Investments 171.0% (Cost $471,010,327)															464,152,070

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Par
Amount
(000)				Description		Coupon				Maturity				Value
Liability for Floating Rate Note Obligations Related to Securities Held (25.5%) (Cost ($69,320,000))
	(69,320	)		Notes with interests rates ranging from 0.29% to 0.75% at July 31, 2010 and contractual maturities of collateral ranging from 2023 to 2039 (g)										$	(69,320,000	)
Total Net Investments 145.5% (Cost $401,690,327)															394,832,070
Other Assets in Excess of Liabilities 2.4%															6,559,582
Preferred Shares (including accrued distributions) (47.9%)															(130,009,695	)
Net Assets Applicable to Common Shares 100.0%														$	271,381,957

AGM — Assured Guaranty Municipal Corp.

AMBAC — AMBAC Indemnity Corp.

AMT — Alternative Minimum Tax

CA MTG — California Mortgage Insurance

FGIC — Financial Guaranty Insurance Co.

FHA — Federal Housing Administration

GNMA — Government National Mortgage Association

NATL — National Public Finance Guarantee Corp.

Radian — Radian Asset Assurance

Syncora Gtd — Syncora Guarantee Inc.

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

Security Valuations Securities, including restricted securities, are valued according to the following policy.

     Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices and may reflect appropriate factors such as institution-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, individual trading characteristics and other market data. Short-term obligations, including commercial paper, having 60 days or less to maturity are recorded at amortized cost which approximates value. Securities with a demand feature exercisable within one to seven days are valued at par. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and principal payments.

     Securities for which market quotations either are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances.

     Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

Fair Value Measurements Generally Accepted Accounting Principals (GAAP) 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. GAAP 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.

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

Invesco Van Kampen California Value Municipal Income Trust
Portfolio of Investments n July 31, 2010 (Unaudited) continued

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

						Level 2				Level 3
		Level 1				Other Significant				Significant
		Quoted Prices				Observable Inputs				Unobservable Inputs				Total
Municipal Bonds		$	—			$	464,152,070			$	—			$	464,152,070

Investment Securities Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed Federal income tax reporting period-end.

Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis

Aggregate unrealized appreciation of investment securities		$	4,507,724
Aggregate unrealized (depreciation) of investment securities			(13,400,485	)
Net unrealized (depreciation) of investment securities		$	(8,892,761	)
Cost of investments for tax purposes is $403,729,779.

Item 2. Controls and Procedures.

	(a)		As of September 16, 2010, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of , September 16, 2010, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.
	(b)		There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.

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: Invesco Van Kampen California Value Municipal Income Trust

Date: September 29, 2010

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

Date: September 29, 2010

Date: September 29, 2010

EXHIBIT INDEX

Certifications of Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.