<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>
