-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WObcfzajerM3utJIiuI1bkStFxcYH6Y5fiHYCxCsk1uYwkFmwFBXIMuYTw/fa2/q
 XJaj6jovI1vM6Fj1ZNSRBw==

<SEC-DOCUMENT>0001083839-06-000248.txt : 20061220
<SEC-HEADER>0001083839-06-000248.hdr.sgml : 20061220
<ACCEPTANCE-DATETIME>20061220130758
ACCESSION NUMBER:		0001083839-06-000248
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061031
FILED AS OF DATE:		20061220
DATE AS OF CHANGE:		20061220
EFFECTIVENESS DATE:		20061220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN MUNICIPAL VALUE FUND INC
		CENTRAL INDEX KEY:			0000812801
		IRS NUMBER:				363513525
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05120
		FILM NUMBER:		061289047

	BUSINESS ADDRESS:	
		STREET 1:		333 W WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129178200

	MAIL ADDRESS:	
		STREET 1:		333 W. WACKER DR
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN MUNICIPAL QUALITY FUND INC
		DATE OF NAME CHANGE:	19870504
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
000 B000000 10/31/2006
000 C000000 0000812801
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NUVEEN MUNICIPAL VALUE FUND,INC.
001 B000000 811-05120
001 C000000 3129178200
002 A000000 333 WEST WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 1286
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 NUVEEN ASSET MANAGEMENT
008 B000001 A
008 C000001 801-14147
008 D010001 CHICAGO
008 D020001 IL
008 D030001 60606
008 D040001 1286
012 A000001 EQUISERVE INC.
012 B000001 84-05925
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
013 A000001 ERNST & YOUNG LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60606
014 A000001 NUVEEN INVESTMENTS, LLC
014 B000001 8-13464
<PAGE>      PAGE  2
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000  171
019 C000000 NUVEENFUND
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 BEAR STEARNS
022 B000001 13-3604093
022 C000001     28976
022 D000001     10000
022 A000002 BANK OF AMERICA
022 B000002 56-2058405
022 C000002     18266
022 D000002     12951
022 A000003 CITIGROUP
022 B000003 13-3214963
022 C000003     25825
022 D000003         0
022 A000004 RBC DOMINION
022 B000004 13-5033225
022 C000004     10226
022 D000004         0
022 A000005 SIEBERT BRANDFORD
022 B000005 13-2639174
022 C000005     10000
022 D000005         0
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006      7800
022 D000006         0
022 A000007 RAYMOND JAMES
022 B000007 59-1237041
022 C000007      6562
022 D000007         0
022 A000008 MERRILL LYNCH
022 B000008 13-5674085
<PAGE>      PAGE  3
022 C000008      4835
022 D000008         0
022 A000009 UBS
022 B000009 13-2638166
022 C000009      4788
022 D000009         0
022 A000010 W.H. MELL
022 B000010 22-3023019
022 C000010      4189
022 D000010         0
023 C000000     129562
023 D000000      26476
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
028 E030000         0
028 E040000         0
<PAGE>      PAGE  4
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 N
048  000000  0.000
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
<PAGE>      PAGE  5
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 Y
051  000000 N
052  000000 Y
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.2
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000  98.7
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
<PAGE>      PAGE  6
063 A000000   0
063 B000000  6.9
064 A000000 Y
064 B000000 N
066 A000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000    129562
071 B000000    125399
071 C000000   1964101
071 D000000    6
072 A000000 12
072 B000000   103453
<PAGE>      PAGE  7
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000    10283
072 G000000        0
072 H000000        0
072 I000000      485
072 J000000      291
072 K000000       58
072 L000000      116
072 M000000       45
072 N000000        0
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       57
072 S000000       22
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000      321
072 X000000    11678
072 Y000000        0
072 Z000000    91775
072AA000000     5083
072BB000000        0
072CC010000    45688
072CC020000        0
072DD010000    92001
072DD020000        0
072EE000000     3977
073 A010000   0.4719
073 A020000   0.0000
073 B000000   0.0204
073 C000000   0.0000
074 A000000        0
074 B000000        0
074 C000000     5000
074 D000000  1998170
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000       15
074 K000000        0
074 L000000    29698
074 M000000      140
074 N000000  2033023
074 O000000     4788
074 P000000      866
<PAGE>      PAGE  8
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000     1405
074 S000000        0
074 T000000  2025964
074 U010000   194960
074 U020000        0
074 V010000    10.39
074 V020000     0.00
074 W000000   0.0000
074 X000000    15679
074 Y000000    27681
075 A000000        0
075 B000000  1990854
076  000000    10.16
077 A000000 Y
077 B000000 Y
078  000000 N
080 A000000 CHUBB GROUP OF INSURANCE COMPANIES
080 B000000 AIG, GREAT AMERICAN, CNA & ST. PAUL
080 C000000   100000
081 A000000 Y
081 B000000 170
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
087 A010000 COMMON STOCK
087 A020000 670928100
087 A030000 NUV
088 A000000 N
088 B000000 N
088 C000000 N
<PAGE>      PAGE  9
088 D000000 N
SIGNATURE   STEVEN D. FOY
TITLE       V.P. & CONTROLLER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>auditltr1006.txt
<TEXT>
Report of Independent Registered Public
Accounting Firm

To the Shareholders and
Board of Directors/Trustees of Nuveen
Exchange-Traded Funds

In planning and performing our audit of the
financial statements of each of the Nuveen
Exchange-Traded Funds listed in Exhibit A
attached hereto (the Funds) as of and for the
year ended October 31, 2006 in accordance
with the standards of the Public Company
Accounting Oversight Board (United
States), we considered their internal control
over financial reporting, including control
activities for safeguarding securities, as a
basis for designing our auditing procedures
for the purpose of expressing our opinion on
the financial statements and to comply with
the requirements of Form N-SAR, but not
for the purpose of expressing an opinion on
the effectiveness of the Funds internal
control over financial reporting.
Accordingly, we express no such opinion.

The management of the Funds is responsible
for establishing and maintaining effective
internal control over financial reporting. In
fulfilling this responsibility, estimates and
judgments by management are required to
assess the expected benefits and related
costs of controls. A companys internal
control over financial reporting is a process
designed to provide reasonable assurance
regarding the reliability of financial
reporting and the preparation of financial
statements for external purposes in
accordance with generally accepted
accounting principles. Such internal control
includes policies and procedures that
provide reasonable assurance regarding
prevention or timely detection of
unauthorized acquisition, use or disposition
of a companys assets that could have a
material effect on the financial statements.

Because of its inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are subject to
the risk that controls may become
inadequate because of changes in conditions,
or that the degree of compliance with the
policies or procedures may deteriorate.
A control deficiency exists when the design
or operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect misstatements
on a timely basis. A significant deficiency is
a control deficiency, or combination of
control deficiencies, that adversely affects
the companys ability to initiate, authorize,
record, process or report external financial
data reliably in accordance with generally
accepted accounting principles such that
there is more than a remote likelihood that a
misstatement of the companys annual or
interim financial statements that is more
than inconsequential will not be prevented
or detected. A material weakness is a
significant deficiency, or combination of
significant deficiencies, that results in more
than a remote likelihood that a material
misstatement of the annual or interim
financial statements will not be prevented or
detected.

Our consideration of the Funds internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
that might be significant deficiencies or
material weaknesses under standards
established by the Public Company
Accounting Oversight Board (United
States). However, we noted no deficiencies
in the Funds internal control over financial
reporting and their operation, including
controls for safeguarding securities that we
consider to be a material weakness as
defined above as of October 31, 2006.

This report is intended solely for the
information and use of management and the
Board of Directors/Trustees of the Funds
and the Securities and Exchange
Commission and is not intended to be and
should not be used by anyone other than
these specified parties.

 ERNST & YOUNG LLP

Chicago, Illinois
December 14, 2006


Exhibit A

Nuveen Performance Plus Municipal
Fund, Inc. (NPP)

Nuveen Municipal Advantage Fund,
Inc. (NMA)

Nuveen Municipal Market Opportunity
Fund, Inc. (NMO)

Nuveen Dividend Advantage Municipal
 Fund (NAD)

Nuveen Dividend Advantage Municipal
Fund 2 (NXZ)

Nuveen Dividend Advantage Municipal
Fund 3 (NZF)

Nuveen Investment Quality Municipal
 Fund, Inc. (NQM)

Nuveen Select Quality Municipal Fund,
 Inc. (NQS)

Nuveen Quality Income Municipal
Fund, Inc. (NQU)

Nuveen Premier Municipal Income
Fund, Inc. (NPF)

Nuveen Municipal High Income
Opportunity Fund (NMZ)

Nuveen Insured Quality Municipal
Fund, Inc. (NQI)

Nuveen Insured Municipal Opportunity
 Fund, Inc. (NIO)

Nuveen Premier Insured Municipal
 Income Fund, Inc. (NIF)

Nuveen Insured Premium Income
Municipal Fund 2 (NPX)

Nuveen Insured Dividend Advantage
 Municipal Fund (NVG)

Nuveen Insured Tax-Free Advantage
 Municipal Fund (NEA)

Nuveen Premier Income Municipal
 Fund, Inc. (NPI)

Nuveen Premier Income Municipal
Fund 2, Inc. (NPM)

Nuveen Premier Income Municipal
Fund 4, Inc.  (NPT)

Nuveen Municipal Value Fund, Inc.
 (NUV)

Nuveen Municipal Income Fund, Inc.
 (NMI)




</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
