SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* JMB Capital Partners Master Fund L.P. (Last) (First) (Middle) C/O SMITHWOOD ADVISERS, L.P. 1999 AVENUE OF THE STARS, SUITE 2040 (Street) LOS ANGELES CA 90067 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/04/2011	3. Issuer Name and Ticker or Trading Symbol Invesco Van Kampen Advantage Municipal Income Trust II [ VKI ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Auction Preferred Shares	1,204	D(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* JMB Capital Partners Master Fund L.P. (Last) (First) (Middle) C/O SMITHWOOD ADVISERS, L.P. 1999 AVENUE OF THE STARS, SUITE 2040 (Street) LOS ANGELES CA 90067 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Smithwood Advisers, L.P. (Last) (First) (Middle) 1999 AVENUE OF THE STARS SUITE 2040 (Street) LOS ANGELES CA 90067 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Smithwood General Partner, LLC (Last) (First) (Middle) 1999 AVENUE OF THE AMERICAS SUITE 2040 (Street) LOS ANGELES CA 90067 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Smithwood Partners LLC (Last) (First) (Middle) 1999 AVENUE OF THE STARS SUITE 2040 (Street) LOS ANGELES CA 90067 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BROOKS JONATHAN (Last) (First) (Middle) 1999 AVENUE OF THE STARS SUITE 2040 (Street) LOS ANGELES CA 90067 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These shares are owned directly by JMB Capital Partners Master Fund, L.P. ("Master Fund"). Smithwood Partners LLC ("Partners") is the General Partner of Master Fund and Jonathan Brooks ("Brooks") is the Managing Member of Partners. In addition, Smithwood Advisers, L.P. ("Advisers") is the Investment Adviser to Master Fund. The General Partner of Advisers is Smithwood General Partner, LLC ("General Partner") and Brooks is the Managing Member of General Partner. Each of Partners, Advisers, General Partner and Brooks, by virtue of their relationships to Master Fund may be deemed to indirectly beneficially own the shares directly owned by Master Fund. Each of Partners, Advisers, General Partner and Brooks disclaim beneficial ownership of those securities in which they do not have a pecuniary interest and this report shall not be deemed an admission that they are the beneficial owner of these securities for purposes of Section 16, except to the extent of their pecuniary interest.

Remarks:

	By: Smithwood Partners, LLC, its General Partner By: Jonathan Brooks, Managing Member	04/08/2011
	By: Smithwood General Partner, LLC, its GP, By: Jonathan Brooks, Managing Member	04/06/2011
	By: Jonathan Brooks, Managing Member	04/06/2011
	By: Jonathan Brooks, Managing Member	04/06/2011
	Jonathan Brooks	04/06/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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