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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001083839-08-000259.txt : 20081230
<SEC-HEADER>0001083839-08-000259.hdr.sgml : 20081230
<ACCEPTANCE-DATETIME>20081229173126
ACCESSION NUMBER:		0001083839-08-000259
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20081031
FILED AS OF DATE:		20081230
DATE AS OF CHANGE:		20081229
EFFECTIVENESS DATE:		20081230

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:		081273636

	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 10/31/2008
000 C000000 0000812801
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
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
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004  000000 N
005  000000 N
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007 C011000 10
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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  186
019 C000000 NUVEENFUND
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022 B000002 56-2058405
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022 B000008 13-2518466
<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  8
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075 A000000        0
075 B000000  1890986
076  000000     8.65
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 O000000 Y
078  000000 N
080 A000000 CHUBB GROUP OF INSURANCE COMPANIES
080 B000000 AIG, GREAT AMERICAN, ST. PAUL & CNA
080 C000000   110000
081 A000000 Y
081 B000000 185
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
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<PAGE>      PAGE  9
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088 D000000 N
SIGNATURE   STEVEN D. FOY
TITLE       V.P. & CONTROLLER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>ey77b1008.txt
<TEXT>
Report of Independent Registered Public Accounting Firm

To the Shareholders and
Board of Directors/Trustees of Nuveen Closed-End Funds

In planning and performing our audit of the financial statements of each
of the Nuveen Closed-End Funds listed in Exhibit A attached hereto
(the Funds) as of and for the year/period ended October 31, 2008, 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, 2008.

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.



 /s/ ERNST & YOUNG LLP

Chicago, Illinois
December 23, 2008


Exhibit A

Fund
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 Municipal High Income Opportunity Fund 2 (NMD)
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 Premium Income Municipal Fund, Inc. (NPI)
Nuveen Premium Income Municipal Fund 2, Inc. (NPM)
Nuveen Premium Income Municipal Fund 4, Inc. (NPT)
Nuveen Municipal Value Fund, Inc. (NUV)
Nuveen Municipal Income Fund, Inc. (NMI)



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>3
<FILENAME>nuv77c.txt
<TEXT>
Form N-SAR, Sub-Item 77C
Submission of matters to a vote of security holders


Nuveen Municipal Value Fund, Inc.
33-13465, 811-05120

The annual meeting of shareholders was held on July 29,
2008, at The Northern Trust Company, 50 South LaSalle
Street, Chicago, IL  60675; at this meeting the shareholders
were asked to vote on the election of Board Members, the
elimination of Fundamental Investment Policies and the
approval of new Fundamental Investment Policies.  The
meeting was subsequently adjourned to August 29, 2008.

Voting results are as follows:
<table>
<c>To approve the elimination
of the Funds fundamental policy
relating to investments in
municipal securities and below
investment grade securities.
 <c>
   For
            96,683,788
   Against
              7,662,441
   Abstain
              3,592,140
   Broker Non-Votes
            26,029,378
      Total
          133,967,747


To approve the new fundamental
policy relating to investments in
 municipal securities for the
 Fund.

   For
            97,467,073
   Against
              6,927,718
   Abstain
              3,543,578
   Broker Non-Votes
            26,029,378
      Total
          133,967,747


To approve the elimination of the
 fundamental policy relating to
 investing in other investment
 companies.

   For
            96,360,044
   Against
              7,856,827
   Abstain
              3,721,498
   Broker Non-Votes
            26,029,378
      Total
          133,967,747


To approve the elimination of the
 fundamental policy relating to
derivitives and short sales.

   For
            95,715,259
   Against
              8,436,068
   Abstain
              3,787,042
   Broker Non-Votes
            26,029,378
      Total
          133,967,747


To approve the elimination of the
 fundamental policy relating to
commodities.

   For
            95,736,231
   Against
              8,327,499
   Abstain
              3,874,639
   Broker Non-Votes
            26,029,378
      Total
          133,967,747


To approve the new fundamental
 policy relating to commodities.

   For
            96,699,546
   Against
              7,792,673
   Abstain
              3,446,150
   Broker Non-Votes
            26,029,378
      Total
          133,967,747


</table>
Proxy materials are herein incorporated by reference
to the SEC filing on June 30, 2008, under
Conformed Submission Type DEF 14A, accession
number 0000950137-08- 008985.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77O RULE 10F-3
<SEQUENCE>4
<FILENAME>nuv10f3.txt
<TEXT>
Rule 10f-3 Transaction Exhibit
Nuveen Municipal Value Fund, Inc.
FILE #811-5120
ATTACHMENT 77O

<table>
<c>TRADE DATE
<c>DESCRIPTION OF SECURITY/ISSUER
<c>ISSUE SIZE
<c>AMOUNT PURCHASED
<c>LIST OF UNDERWRITERS
<c>NAME OF AFFILIATED BROKER-DEALER
5/21/08
Massachusetts Health and Educational Facilities Authority Revenue Bonds
$371,235,000
$482,530.00
Citigroup Global Markets Inc.
Morgan Stanley & Co. Incorporated
Merrill Lynch & Co.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
</table>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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