Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  JMB Capital Partners Master Fund L.P.
 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]
(Last)
(First)
(Middle)
C/O SMITHWOOD ADVISERS, L.P., 1999 AVENUE OF THE STARS, SUITE 2040		 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 Original Filed(Month/Day/Year)
(Street)

LOS ANGELES, CA 90067		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
JMB Capital Partners Master Fund L.P.
C/O SMITHWOOD ADVISERS, L.P.
1999 AVENUE OF THE STARS, SUITE 2040
LOS ANGELES, CA 90067		     X    
Smithwood Advisers, L.P.
1999 AVENUE OF THE STARS
SUITE 2040
LOS ANGELES, CA 90067		     X    
Smithwood General Partner, LLC
1999 AVENUE OF THE AMERICAS
SUITE 2040
LOS ANGELES, CA 90067		     X    
Smithwood Partners LLC
1999 AVENUE OF THE STARS
SUITE 2040
LOS ANGELES, CA 90067		     X    
BROOKS JONATHAN
1999 AVENUE OF THE STARS
SUITE 2040
LOS ANGELES, CA 90067		     X    

Signatures

By: Smithwood Partners, LLC, its General Partner By: Jonathan Brooks, Managing Member 04/08/2011
**Signature of Reporting Person Date
By: Smithwood General Partner, LLC, its GP, By: Jonathan Brooks, Managing Member 04/06/2011
**Signature of Reporting Person Date
By: Jonathan Brooks, Managing Member 04/06/2011
**Signature of Reporting Person Date
By: Jonathan Brooks, Managing Member 04/06/2011
**Signature of Reporting Person Date
Jonathan Brooks 04/06/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(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.

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