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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001390974-07-000584.txt : 20071220
<SEC-HEADER>0001390974-07-000584.hdr.sgml : 20071220
<ACCEPTANCE-DATETIME>20071220103425
ACCESSION NUMBER:		0001390974-07-000584
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20071219
FILED AS OF DATE:		20071220
DATE AS OF CHANGE:		20071220

ISSUER:		

	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

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SCHWERTFEGER TIMOTHY R
		CENTRAL INDEX KEY:			0001015680

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05120
		FILM NUMBER:		071318047

	MAIL ADDRESS:	
		STREET 1:		C/O JOHN NUVEEN & CO INC
		STREET 2:		333 WEST WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>sch30.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-12-19</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000812801</issuerCik>
        <issuerName>NUVEEN MUNICIPAL VALUE FUND INC</issuerName>
        <issuerTradingSymbol>NUV</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001015680</rptOwnerCik>
            <rptOwnerName>SCHWERTFEGER TIMOTHY R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>333 W WACKER DR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Chairman of the Board</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-12-19</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>86000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.31</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>86000.00</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-12-19</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>26000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>9.28</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>26000.00</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Spouse</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>By: Kevin J. McCarthy/signed under POA</signatureName>
        <signatureDate>2007-12-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>schwertfegerpoa.txt
<TEXT>



POWER OF ATTORNEY

For Executing Forms 3, 4 and 5

Know all by these present,  that the undersigned  hereby constitutes and
appoints each John L. MacCarthy,  Gifford R. Zimmerman, Larry W. Martin,
Kevin J. McCarthy and Mary E. Keefe, his/her true and lawful attorney-in-fact
to:

(1)       execute for and on behalf of the  undersigned  Forms 3, 4 and 5 (and
          any amendments  thereto) in connection with Nuveen Invesments, Inc.
	  and Nuveen Investments Closed End Exchange Traded Funds
	  and in accordance with the requirements  of Section 16(a) of the
	  Securities  Exchange Act of 1934 and Section 30(f) of the
	  Investment Company Act of 1940 and the rules thereunder

(2)       do and  perform  any and all acts for and on behalf  of the
          undersigned  which may be  necessary  or  desirable  in connection
          with the execution  and timely  filing of any such Form 3, 4 and 5
          (and any amendment  thereto) with the United States Securities and
          Exchange Commission, the New York Stock Exchange and any other
          authority; and

(3)       take any other  action of any type  whatsoever  in  connection
          with the  foregoing  which,  in the  opinion of such attorney-in-
	  fact, may be of benefit to, in the best interest of, or legally
	  required by, the undersigned, it being understood that the
	  documents executed by such  attorney-in-fact  on behalf of the
	  undersigned  pursuant to this Power of Attorney  shall be in such
	  form and shall contain such terms and conditions as such
	  attorney-in-fact may approve in his/her discretion.

The  undersigned  hereby grants to each such  attorney-in-fact  full power and
authority to do and perform each and every act and thing whatsoever  requisite,
necessary and proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as such  attorney-in-fact
might or could do if personally present,  with the full power of substitute,
by virtue of  this  power  of  attorney  and  the  rights  and  powers  herein
granted.   The  undersigned   acknowledges   that  the  foregoing
attorneys-in-fact,  in  serving  in such  capacity  at the  request  of the
undersigned,  are not  assuming  any of the  undersigned's
responsibilities  to comply with Section 16 of the Securities  Exchange Act
of 1934 and Section 30(f) of the Investment  Company Act of
1940.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of this 17 day of August 2007.


         /s/ Timothy R. Schwertfeger
Signature

          Timothy R. Schwertfeger
  Print Name

STATE OF ILLINOIS                   )
                                    )
COUNTY OF COOK                      )


On this 17 day of August 2007,  personally  appeared before me, a Notary Public
in and for said County and State, the person named above
who is known to me to be the person whose name and signature is affixed to the
foregoing  Power of Attorney and who  acknowledged  the
same to be his voluntary act and deed for the intent and purposes therein set
forth.



/s/ Jose A. Visaya
 Notary Public
My Commission Expires: 5-15-2009





</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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