<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>auditltrey906.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 September 30, 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 September 30, 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.


/s/ ERNST & YOUNG LLP

Chicago, Illinois
November 10, 2006


Exhibit A

Nuveen New York
Municipal Value Fund, Inc.

Nuveen New York
Performance Plus
Municipal Fund, Inc.

Nuveen New York
Dividend Advantage
Municipal Fund


Nuveen New York
Dividend Advantage
Municipal Fund 2

Nuveen New York
Investment Quality
 Municipal Fund, Inc.

Nuveen New York Select
Quality Municipal Fund,
 Inc
.
Nuveen New York Quality
Income Municipal Fund,
Inc
.
Nuveen Insured New York
Premium Income Municipal
Fund, Inc
.
Nuveen Insured New York
Dividend Advantage
Municipal Fund

Nuveen Insured New York
Tax-Free Advantage
 Municipal Fund




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