AGREEMENT WITH RESPECT TO CERTAIN RECOVERY
                            UNDER JOINT FIDELITY BOND


     This Agreement, made this 1st day of January, 2005 by and between the
undersigned corporations or business trusts (the "Funds"), each of which is a
registered investment company managed by Nuveen Asset Management.

                                   WITNESSETH:

     WHEREAS, the boards of directors or trustees of each of the Funds,
including a majority of the board members of each Fund who are not "interested
persons" of such Fund, have approved obtaining the fidelity bond coverage
required for each Fund by Rule 17g-1 under the Investment Company Act of 1940 in
the form of one or more bonds, each of which names a number of the Funds as
insured (the "joint insured bonds"); and

     WHEREAS, Rule 17g-1(f) requires each registered management investment
company named as an insured in a joint insured bond to enter into an Agreement
with all other named insureds with respect to sharing of any recovery under such
bond in the event of a loss sustained by it and another named insured;

     NOW THEREFORE, IT IS AGREED:

     1.   In the event recovery is received under any joint insured bond as a
          result of a loss sustained by any two or more of the Funds covered by
          such bond, each Fund sustaining a loss shall receive an equitable and
          proportionate share of the recovery, but at least equal to the amount
          that it would have received had it provided and maintained a single
          insured bond with the minimum coverage required by Rule 17g-1(d)(1).

     2.   This Agreement shall continue in effect for such time as the parties
          hereto shall be named as insureds under one or more joint insured
          fidelity bonds designed to satisfy the requirements of Rule 17g-1, and
          shall not be terminated by any change in the Funds covered by any such
          bond or in the amount of terms of coverage provided by any such bond
          or by any change in the issuer of any such bond.

     3.   This Agreement supersedes any prior agreement among any of the Funds
          relating to the subject matter hereof.

IN WITNESS WHEREOF, an officer of such parties has executed this Agreement on
behalf of each of the parties, as of the day and date first written above.





NUVEEN TAXABLE CLOSED-END FUNDS

Nuveen Senior Income Fund
Nuveen Real Estate Income Fund
Nuveen Quality Preferred Income Fund
Nuveen Quality Preferred Income Fund 2
Nuveen Quality Preferred Income Fund 3
Nuveen Multi-Strategy Income and Growth Fund (formerly the Nuveen Preferred and
Convertible Income Fund)
Nuveen Multi-Strategy Income and Growth Fund 2 (formerly the Nuveen Preferred
and Convertible Income Fund 2)
Nuveen Diversified Dividend and Income Fund
Nuveen Tax-Advantaged Total Return Strategy Fund
Nuveen Floating Rate Income Fund
Nuveen Floating Rate Income Opportunity Fund
Nuveen Equity Premium Income Fund
Nuveen Tax-Advantaged Floating Rate Fund
Nuveen Equity Premium Opportunity Fund
Nuveen Equity Premium Advantage Fund
Nuveen Equity Premium and Growth Fund
Nuveen Global Government Enhanced Income Fund
Nuveen Global Value Opportunities Fund
Nuveen Core Equity Alpha Fund
Nuveen Multi-Currency Short-Term Government Income Fund
Nuveen Tax-Advantaged Dividend Growth Fund




NUVEEN CLOSED-END MUNICIPAL BOND FUNDS

Nuveen Select Tax-Free Income Portfolio
Nuveen Select Tax-Free Income Portfolio 2
Nuveen Select Tax-Free Income Portfolio 3
Nuveen California Select Tax-Free Income Portfolio
Nuveen New York Select Tax-Free Income Portfolio
Nuveen Municipal Value Fund, Inc.
Nuveen California Municipal Value Fund, Inc.
Nuveen New York Municipal Value Fund, Inc.
Nuveen Municipal Income Fund, Inc.
Nuveen Select Maturities Municipal Fund
Nuveen Premium Income Municipal Fund, Inc.
Nuveen Performance Plus Municipal Fund, Inc.
Nuveen California Performance Plus Municipal Fund, Inc.
Nuveen New York Performance Plus Municipal Fund, Inc.
Nuveen Municipal Advantage Fund, Inc.
Nuveen Municipal Market Opportunity Fund, Inc.
Nuveen California Municipal Market Opportunity Fund, Inc.
Nuveen Investment Quality Municipal Fund, Inc.
Nuveen California Investment Quality Municipal Fund, Inc.
Nuveen New York Investment Quality Municipal Fund, Inc.
Nuveen Insured Quality Municipal Fund, Inc.
Nuveen Florida Investment Quality Municipal Fund
Nuveen New Jersey Investment Quality Municipal Fund, Inc.
Nuveen Pennsylvania Investment Quality Municipal Fund
Nuveen Select Quality Municipal Fund, Inc.
Nuveen California Select Quality Municipal Fund, Inc.
Nuveen New York Select Quality Municipal Fund, Inc.
Nuveen Quality Income Municipal Fund, Inc.
Nuveen Insured Municipal Opportunity Fund, Inc.
Nuveen Florida Quality Income Municipal Fund
Nuveen Michigan Quality Income Municipal Fund, Inc.
Nuveen Ohio Quality Income Municipal Fund, Inc.
Nuveen Texas Quality Income Municipal Fund
Nuveen California Quality Income Municipal Fund, Inc.
Nuveen New York Quality Income Municipal Fund, Inc.
Nuveen Premier Municipal Income Fund, Inc.
Nuveen Premier Insured Municipal Income Fund, Inc.
Nuveen Premium Income Municipal Fund 2, Inc.
Nuveen Arizona Premium Income Municipal Fund, Inc.
Nuveen Insured California Premium Income Municipal Fund, Inc.
Nuveen Insured Florida Premium Income Municipal Fund



Nuveen Michigan Premium Income Municipal Fund, Inc.
Nuveen New Jersey Premium Income Municipal Fund, Inc.
Nuveen Insured New York Premium Income Municipal Fund, Inc.
Nuveen Premium Income Municipal Fund 4, Inc.
Nuveen Insured California Premium Income Municipal Fund 2, Inc.
Nuveen Maryland Premium Income Municipal Fund
Nuveen Massachusetts Premium Income Municipal Fund
Nuveen Pennsylvania Premium Income Municipal Fund 2
Nuveen Virginia Premium Income Municipal Fund
Nuveen Connecticut Premium Income Municipal Fund
Nuveen Georgia Premium Income Municipal Fund
Nuveen Missouri Premium Income Municipal Fund
Nuveen North Carolina Premium Income Municipal Fund
Nuveen California Premium Income Municipal Fund
Nuveen Insured Premium Income Municipal Fund 2
Nuveen Dividend Advantage Municipal Fund
Nuveen California Dividend Advantage Municipal Fund
Nuveen New York Dividend Advantage Municipal Fund
Nuveen Arizona Dividend Advantage Municipal Fund
Nuveen Connecticut Dividend Advantage Municipal Fund
Nuveen Maryland Dividend Advantage Municipal Fund
Nuveen Massachusetts Dividend Advantage Municipal Fund
Nuveen North Carolina Dividend Advantage Municipal Fund
Nuveen Virginia Dividend Advantage Municipal Fund
Nuveen California Dividend Advantage Municipal Fund 2
Nuveen Dividend Advantage Municipal Fund 2
Nuveen New Jersey Dividend Advantage Municipal Fund
Nuveen New York Dividend Advantage Municipal Fund 2
Nuveen Ohio Dividend Advantage Municipal Fund
Nuveen Pennsylvania Dividend Advantage Municipal Fund
Nuveen California Dividend Advantage Municipal Fund 3
Nuveen Dividend Advantage Municipal Fund 3
Nuveen Georgia Dividend Advantage Municipal Fund
Nuveen Maryland Dividend Advantage Municipal Fund 2
Nuveen Michigan Dividend Advantage Municipal Fund
Nuveen Ohio Dividend Advantage Municipal Fund 2
Nuveen North Carolina Dividend Advantage Municipal Fund 2
Nuveen Virginia Dividend Advantage Municipal Fund 2
Nuveen Insured Dividend Advantage Municipal Fund
Nuveen Insured California Dividend Advantage Municipal Fund
Nuveen Insured New York Dividend Advantage Municipal Fund
Nuveen Arizona Dividend Advantage Municipal Fund 2
Nuveen Connecticut Dividend Advantage Municipal Fund 2



Nuveen New Jersey Dividend Advantage Municipal Fund 2
Nuveen Ohio Dividend Advantage Municipal Fund 3
Nuveen Pennsylvania Dividend Advantage Municipal Fund 2
Nuveen Arizona Dividend Advantage Municipal Fund 3
Nuveen Connecticut Dividend Advantage Municipal Fund 3
Nuveen Georgia Dividend Advantage Municipal Fund 2
Nuveen Maryland Dividend Advantage Municipal Fund 3
Nuveen North Carolina Dividend Advantage Municipal Fund 3
Nuveen Insured Tax-Free Advantage Municipal Fund
Nuveen Insured California Tax-Free Advantage Municipal Fund
Nuveen Insured New York Tax-Free Advantage Municipal Fund
Nuveen Insured Florida Tax-Free Advantage Municipal Fund
Nuveen Insured Massachusetts Tax-Free Advantage Municipal Fund
Nuveen Municipal High Income Opportunity Fund





NUVEEN OPEN-END FUNDS

Nuveen Municipal Trust
       Nuveen Intermediate Duration Municipal Bond Fund
       Nuveen Insured Municipal Bond Fund
       Nuveen All-American Municipal Bond Fund
       Nuveen Limited Term Municipal Bond Fund
       Nuveen High Yield Municipal Bond Fund

Nuveen Multistate Trust I
       Nuveen Arizona Municipal Bond Fund
       Nuveen Colorado Municipal Bond Fund
       Nuveen Florida Municipal Bond Fund
       Nuveen Maryland Municipal Bond Fund
       Nuveen New Mexico Municipal Bond Fund
       Nuveen Pennsylvania Municipal Bond Fund
       Nuveen Virginia Municipal Bond Fund

Nuveen Multistate Trust II
       Nuveen California Municipal Bond Fund
       Nuveen California Insured Municipal Bond Fund
       Nuveen California High Yield Municipal Bond Fund
       Nuveen Connecticut Municipal Bond Fund
       Nuveen Massachusetts Municipal Bond Fund
       Nuveen Massachusetts Insured Municipal Bond Fund
       Nuveen New Jersey Municipal Bond Fund
       Nuveen New York Municipal Bond Fund
       Nuveen New York Insured Municipal Bond Fund

Nuveen Multistate Trust III
       Nuveen Georgia Municipal Bond Fund
       Nuveen Louisiana Municipal Bond Fund
       Nuveen North Carolina Municipal Bond Fund
       Nuveen Tennessee Municipal Bond Fund

Nuveen Multistate Trust IV
       Nuveen Kansas Municipal Bond Fund
       Nuveen Kentucky Municipal Bond Fund
       Nuveen Michigan Municipal Bond Fund
       Nuveen Missouri Municipal Bond Fund
       Nuveen Ohio Municipal Bond Fund
       Nuveen Wisconsin Municipal Bond Fund




Nuveen Investment Trust
       Nuveen Large-Cap Value Fund
       Nuveen Balanced Stock and Bond Fund
       Nuveen Balanced Municipal and Stock Fund
       Nuveen NWQ Multi-Cap Value Fund
       Nuveen NWQ Small-Cap Value Fund
       Nuveen Tradewinds Value Opportunities Fund (formerly the Nuveen NWQ Value
       Opportunities Fund)
       Nuveen NWQ Global Value Fund
       Nuveen NWQ Large-Cap Value Fund
       Nuveen NWQ Small/Mid-Cap Value Fund

Nuveen Investment Trust II
       Nuveen Rittenhouse Growth Fund
       Nuveen Tradewinds International Value Fund (formerly the Nuveen NWQ
       International Value Fund)
       Nuveen Tradewinds Global All-Cap Fund (formerly the Nuveen NWQ Global
       All-Cap Fund)
       Nuveen Santa Barbara Growth Fund
       Nuveen Santa Barbara Dividend Growth Fund
       Nuveen Santa Barbara Growth Opportunities Fund
       Nuveen Symphony All-Cap Core Fund
       Nuveen Symphony Mid-Cap Core Fund
       Nuveen Symphony Small-Mid Cap Core Fund
       Nuveen Symphony Large-Cap Value Fund
       Nuveen Tradewinds Global Resources Fund
       Nuveen Symphony Large-Cap Growth Fund
       Nuveen Symphony Optimized Alpha Fund

Nuveen Investment Trust III
       Nuveen Multi-Strategy Income Fund (formerly the Nuveen Core Bond Fund)
       Nuveen High Yield Bond Fund
       Nuveen Short Duration Bond Fund

Nuveen Investment Trust V
       Nuveen Preferred Securities Fund

Nuveen Managed Accounts Portfolio Trust
       Nuveen Municipal Total Return Managed Accounts Portfolio

         BY: /s/ Kevin J. McCarthy
             -----------------------------
             Kevin J. McCarthy
             Vice President and Secretary



The following resolution was approved separately by the independent Board
members:


         RESOLVED, that this Fund's participation with other management
         investment companies advised by Nuveen Asset Management in the purchase
         and maintenance of fidelity bond coverage as required by Rule 17g-1
         under the Investment Company Act of 1940, and the payment by this Fund
         of that portion of the premium for such coverage as may be allocated to
         it in accordance with its proportionate share of the aggregate net
         assets of the covered funds, is hereby approved.

The following resolutions were approved unanimously by the full Board:


         RESOLVED, that the officers of this Fund be and they hereby are,
         authorized and directed to make application for and maintain fidelity
         bond coverage for this Fund, jointly with such other Nuveen managed
         funds as they, in their judgment, shall deem advisable and to enter
         into an agreement substantially in the form presented to this meeting
         with the other insured Funds concerning such coverage as required by
         Rule 17g-1(f) under the Investment Company Act of 1940; and

         FURTHER RESOLVED, that fidelity bond coverage insuring the Fund and
         such other funds in the amount of $100 million, or such greater amounts
         as officers of this Fund may from time to time determine in accordance
         with the provisions of Rule 17g-1 of the Investment Company Act of
         1940, is hereby deemed to be reasonable in form and amount and is
         hereby approved; and

         FURTHER RESOLVED, that the Secretary, or any Assistant Secretary of
         this Fund, is hereby designated the officer to make the filings and
         give the notices required by Paragraph (g) of Rule 17g-1.


[CHUBB LOGO]      CHUBB GROUP OF INSURANCE COMPANIES

                  Sears Tower, Suite 4700,
                  233 South Wacker Drive                Telephone (312) 454-4200
                  Chicago, IL 60606-6303

--------------------------------------------------------------------------------

June 1, 2007


Nuveen Investments, Inc.
333 West Wacker Drive
Chicago, Illinois 60606


Subject:   Nuveen Investments, Inc.



--------------------------------------------------------------------------------
POLICY TYPE    POLICY NUMBER     EFFECTIVE DATE     UNDERWRITING COMPANY
--------------------------------------------------------------------------------
                                           
ICAP BOND      81900065          July 1, 2006       Federal Insurance Company
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To Whom It May Concern:

This letter confirms the addition of the following fund as an additional Assured
to the above specified policy effective May 11, 2007:

   -  Nuveen Municipal Total Return Managed Accounts Portfolio

Sincerely,

/s/ Carrie M. Goesel

Carrie M. Goesel
Underwriting Officer, Department of Financial Institutions