N-Q 1 a09-12017_4nq.htm N-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21809

	Nuveen Equity Premium and Growth Fund
(Exact name of registrant as specified in charter)
					333 West Wacker Drive, Chicago, Illinois 60606
					(Address of principal executive offices) (Zip code)
					Kevin J. McCarthy—Vice President and Secretary    333 West Wacker Drive, Chicago, Illinois 60606
					(Name and address of agent for service)
Registrant’s telephone number, including area code:							312-917-7700
Date of fiscal year end:		12/31
Date of reporting period:			3/31/2009

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

Portfolio of Investments (Unaudited)

Nuveen Equity Premium and Growth Fund (JPG)

March 31, 2009

Shares			Description (1)										Value
			Common Stocks – 98.4%
			Aerospace & Defense – 2.2%
29,868			Boeing Company										$	1,062,703
6,100			Goodrich Corporation										231,129
33,500			Honeywell International Inc.										933,310
14,596			Raytheon Company										568,368
33,003			United Technologies Corporation										1,418,469
			Total Aerospace & Defense										4,213,979
			Air Freight & Logistics – 0.9%
36,398			United Parcel Service, Inc., Class B										1,791,510
			Airlines – 0.2%
41,331			Lan Airlines S.A., Sponsored ADR										345,527
			Auto Components – 0.0%
9,310			Cooper Tire & Rubber										37,612
			Automobiles – 0.2%
99,139			Ford Motor Company, (2)										260,736
35,600			General Motors Corporation										69,064
			Total Automobiles										329,800
			Beverages – 2.5%
57,048			Coca-Cola Company										2,507,260
44,544			PepsiCo, Inc.										2,293,125
			Total Beverages										4,800,385
			Biotechnology – 1.1%
14,225			Celgene Corporation, (2)										631,590
1,860			Cephalon, Inc., (2)										126,666
2,109			Facet Biotech Corporation, (2)										20,036
25,401			Gilead Sciences, Inc., (2)										1,176,574
10,546			PDL Biopahrma Inc.										74,666
			Total Biotechnology										2,029,532
			Capital Markets – 0.9%
54,291			Charles Schwab Corporation										841,511
24,811			Federated Investors Inc.										552,293
22,422			Waddell & Reed Financial, Inc., Class A										405,166
			Total Capital Markets										1,798,970
			Chemicals – 1.5%
61,873			Dow Chemical Company										521,589
47,395			E.I. Du Pont de Nemours and Company										1,058,330
7,435			Eastman Chemical Company										199,258
29,107			Olin Corporation										415,357
13,161			PPG Industries, Inc.										485,641
17,383			RPM International, Inc.										221,286
			Total Chemicals										2,901,461
			Commercial Banks – 5.6%
21,743			American Express Company										296,357
160,276			Bank of America Corporation										1,093,082
13,229			Comerica Incorporated										242,223
20,066			First Horizon National Corporation										215,512
8,605			FirstMerit Corporation										156,611
15,129			Goldman Sachs Group, Inc.										1,603,977
49,105			Huntington BancShares Inc.										81,514
100,078			JPMorgan Chase & Co.										2,660,073
49,201			Morgan Stanley										1,120,307
33,673			Regions Financial Corporation										143,447
96,551			U.S. Bancorp										1,410,610
127,166			Wells Fargo & Company										1,810,844
			Total Commercial Banks										10,834,557
			Commercial Services & Supplies – 0.3%
13,362			Avery Dennison Corporation										298,507
19,872			Deluxe Corporation										191,367
			Total Commercial Services & Supplies										489,874
			Communications Equipment – 3.0%
159,624			Cisco Systems, Inc., (2)										2,676,894
49,758			Corning Incorporated										660,289
104,122			Motorola, Inc.										440,436
51,332			QUALCOMM, Inc.										1,997,328
1,050			Research In Motion Limited, (2)										45,224
			Total Communications Equipment										5,820,171
			Computers & Peripherals – 4.2%
25,405			Apple, Inc., (2)										2,670,574
45,123			Dell Inc., (2)										427,766
60,347			EMC Corporation, (2)										687,956
43,800			International Business Machines Corporation (IBM)										4,243,782
			Total Computers & Peripherals										8,030,078
			Consumer Finance – 0.0%
640			Visa Inc.										35,584
			Containers & Packaging – 0.1%
21,200			Packaging Corp. of America										276,024
			Diversified Consumer Services – 0.2%
4,377			Apollo Group, Inc., (2)										342,850
			Diversified Financial Services – 1.0%
143,304			Citigroup Inc.										362,559
3,692			CME Group, Inc.										909,672
4,567			Intercontinental Exchange, Inc., (2)										340,104
14,394			New York Stock Exchange Euronext										257,653
			Total Diversified Financial Services										1,869,988
			Diversified Telecommunication Services – 4.8%
4,000			Alaska Communications Systems Group Inc.										26,800
183,961			AT&T Inc.										4,635,817
4,951			FairPoint Communications Inc.										3,862
81,953			Frontier Communications Corporation										588,423
54,217			Sprint Nextel Corporation, (2)										193,555
124,392			Verizon Communications Inc.										3,756,638
			Total Diversified Telecommunication Services										9,205,095
			Electric Utilities – 2.1%
42,310			Ameren Corporation										981,169
2,414			Companhia Energetica de Minas Gerais, Sponsored ADR										35,679
24,452			Consolidated Edison, Inc.										968,544
66,284			Great Plains Energy Incorporated										892,845
31,735			Progress Energy, Inc.										1,150,711
			Total Electric Utilities										4,028,948
			Electrical Equipment – 1.2%
9,653			Cooper Industries, Ltd., Class A										249,627
58,948			Emerson Electric Company										1,684,734
910			First Solar Inc., (2)										120,757
2,000			Hubbell Incorporated, Class B										53,920
8,817			Rockwell Automation, Inc.										192,563
			Total Electrical Equipment										2,301,601
			Electronic Equipment & Instruments – 0.1%
9,421			MEMC Electronic Materials, (2)										155,352
			Energy Equipment & Services – 2.0%
12,700			Baker Hughes Incorporated										362,585
3,264			Carbo Ceramics Inc.										92,828
3,196			Diamond Offshore Drilling, Inc.										200,901
34,006			Halliburton Company										526,073
17,916			National-Oilwell Varco Inc., (2)										514,368
10,000			Noble Corporation										240,900
37,639			Schlumberger Limited										1,528,896
11,347			Smith International, Inc.										243,734
2,000			Tidewater Inc.										74,260
			Total Energy Equipment & Services										3,784,545
			Food & Staples Retailing – 2.7%
41,495			CVS Caremark Corporation										1,140,698
23,637			SUPERVALU INC.										337,536
67,086			Wal-Mart Stores, Inc.										3,495,181
10,148			Whole Foods Market, Inc.										170,486
			Total Food & Staples Retailing										5,143,901
			Food Products – 1.8%
15,986			Archer-Daniels-Midland Company										444,091
41,300			ConAgra Foods, Inc.										696,731
48,088			Kraft Foods Inc.										1,071,882
14,187			Monsanto Company										1,178,940
			Total Food Products										3,391,644
			Gas Utilities – 0.6%
34,390			Nicor Inc.										1,142,780
			Health Care Equipment & Supplies – 0.6%
28,854			Boston Scientific Corporation, (2)										229,389
4,168			Hologic Inc., (2)										54,559
2,280			Lincare Holdings, (2)										49,704
29,845			Medtronic, Inc.										879,532
			Total Health Care Equipment & Supplies										1,213,184
			Health Care Providers & Services – 1.5%
14,603			Aetna Inc.										355,291
1,637			Brookdale Senior Living Inc.										8,267
9,087			Express Scripts, Inc., (2)										419,547
540			Henry Schein Inc., (2)										21,605
5,614			Humana Inc., (2)										146,413
16,649			Medco Health Solutions, Inc., (2)										688,270
24,649			Tenet Healthcare Corporation, (2)										28,593
34,501			UnitedHealth Group Incorporated										722,106
13,342			Wellpoint Inc., (2)										506,596
			Total Health Care Providers & Services										2,896,688
			Hotels, Restaurants & Leisure – 1.4%
6,173			International Game Technology										56,915
37,449			McDonald’s Corporation										2,043,592
12,813			Tim Hortons Inc.										325,066
43,350			Wendys Arbys Group Inc.										218,051
			Total Hotels, Restaurants & Leisure										2,643,624
			Household Durables – 0.8%
9,283			Black & Decker Corporation										292,971
10,000			KB Home										131,800
13,500			Kimball International Inc., Class B										88,560
3,450			Lennar Corporation, Class A										25,910
39,679			Newell Rubbermaid Inc.										253,152
12,000			Snap-on Incorporated										301,200
13,500			Stanley Works										393,120
2,527			Whirlpool Corporation										74,774
			Total Household Durables										1,561,487
			Household Products – 3.0%
13,097			Colgate-Palmolive Company										772,461
20,000			Kimberly-Clark Corporation										922,200
87,659			Procter & Gamble Company										4,127,862
			Total Household Products										5,822,523
			Industrial Conglomerates – 2.9%
22,140			3M Co.										1,100,801
357,801			General Electric Company										3,617,368
29,620			Genuine Parts Company										884,453
			Total Industrial Conglomerates										5,602,622
			Insurance – 1.8%
42,053			Arthur J. Gallagher & Co.										714,901
17,072			Fidelity National Title Group Inc., Class A										333,075
34,793			Lincoln National Corporation										232,765
27,861			Marsh & McLennan Companies, Inc.										564,185
17,648			Mercury General Corporation										524,146
14,581			Prudential Financial, Inc.										277,331
16,400			Travelers Companies, Inc.										666,496
13,560			Unitrin, Inc.										189,569
			Total Insurance										3,502,468
			Internet & Catalog Retail – 0.5%
13,905			Amazon.com, Inc., (2)										1,021,183
			Internet Software & Services – 1.7%
29,263			eBay Inc., (2)										367,543
6,771			Google Inc., Class A, (2)										2,356,714
29,461			United Online, Inc.										131,396
40,985			Yahoo! Inc., (2)										525,018
			Total Internet Software & Services										3,380,671
			IT Services – 0.8%
35,833			Automatic Data Processing, Inc.										1,259,888
11,474			Fidelity National Information Services										208,827
2,687			Lender Processing Services Inc.										82,249
18,017			Standard Register Company										82,518
			Total IT Services										1,633,482
			Leisure Equipment & Products – 0.5%
38,906			Eastman Kodak Company										147,843
63,370			Mattel, Inc.										730,656
8,000			Polaris Industries Inc.										171,520
			Total Leisure Equipment & Products										1,050,019
			Life Sciences Tools & Services – 0.1%
1,370			Covance, Inc., (2)										48,813
2,730			Life Technologies Corporation, (2)										88,670
			Total Life Sciences Tools & Services										137,483
			Machinery – 1.6%
22,658			Briggs & Stratton Corporation										373,857
30,000			Caterpillar Inc.										838,800
10,116			Cummins Inc.										257,452
19,204			Deere & Company										631,235
18,936			Illinois Tool Works, Inc.										584,176
23,511			Ingersoll Rand Company Limited, Class A										324,452
5,500			Pentair, Inc.										119,185
			Total Machinery										3,129,157
			Marine – 0.1%
3,288			Transocean Inc., (2)										193,466
			Media – 1.6%
102,034			Comcast Corporation, Class A										1,391,744
5,070			Lamar Advertising Company, (2)										49,433
38,357			New York Times, Class A										173,374
76,486			Regal Entertainment Group, Class A										1,025,677
45,144			Sirius XM Radio Inc., (2)										15,800
38,305			World Wrestling Entertainment Inc.										442,040
			Total Media										3,098,068
			Metals & Mining – 0.9%
9,885			Companhia Siderurgica Nacional S.A., Sponsored ADR										146,693
11,087			CONSOL Energy Inc.										279,836
15,846			Freeport-McMoRan Copper & Gold, Inc.										603,891
523			Mittal Steel Company NV										10,481
32,078			Southern Copper Corporation										558,799
6,332			United States Steel Corporation										133,795
			Total Metals & Mining										1,733,495
			Multiline Retail – 0.5%
12,421			Nordstrom, Inc.										208,052
23,038			Target Corporation										792,277
			Total Multiline Retail										1,000,329
			Multi-Utilities – 2.1%
56,900			CenterPoint Energy, Inc.										593,467
30,928			Dominion Resources, Inc.										958,459
91,400			Duke Energy Corporation										1,308,848
33,554			Integrys Energy Group, Inc.										873,746
16,500			ONEOK, Inc.										373,395
			Total Multi-Utilities										4,107,915
			Oil, Gas & Consumable Fuels – 11.8%
16,861			Chesapeake Energy Corporation										287,649
74,700			Chevron Corporation										5,022,828
48,311			ConocoPhillips										1,891,859
6,936			EOG Resources, Inc.										379,815
140,781			Exxon Mobil Corporation										9,587,186
9,247			Frontline Limited										160,805
8,381			Hess Corporation										454,250
22,790			Marathon Oil Corporation										599,149
36,819			Occidental Petroleum Corporation										2,048,977
14,441			Peabody Energy Corporation										361,603
24,031			Ship Financial International Limited										157,643
14,714			Southwestern Energy Company, (2)										436,859
23,943			StatoilHydro ASA, Sponsored ADR										417,566
21,254			Valero Energy Corporation										380,447
20,451			XTO Energy, Inc.										626,210
			Total Oil, Gas & Consumable Fuels										22,812,846
			Paper & Forest Products – 0.4%
31,000			Weyerhaeuser Company										854,670
			Personal Products – 0.2%
23,000			Avon Products, Inc.										442,290
			Pharmaceuticals – 10.8%
65,000			Abbott Laboratories										3,100,500
8,526			AstraZeneca PLC, Sponsored ADR										302,247
115,142			Bristol-Myers Squibb Company										2,523,913
35,400			Eli Lilly and Company										1,182,714
86,663			Johnson & Johnson										4,558,474
85,524			Merck & Co. Inc.										2,287,767
246,400			Pfizer Inc.										3,355,968
23,293			Sanofi-Aventis, Sponsored ADR										650,573
55,186			Schering-Plough Corporation										1,299,630
1,180			Teva Pharmaceutical Industries Limited, Sponsored ADR										53,159
37,580			Wyeth										1,617,443
			Total Pharmaceuticals										20,932,388
			Real Estate Investment Trust – 1.1%
35,857			Brandywine Realty Trust										102,192
10,519			CapLease Inc.										20,722
18,248			Hospitality Properties Trust										218,976
48,687			Lexington Corporate Properties Trust										115,875
42,576			Nationwide Health Properties, Inc.										944,761
50,200			Senior Housing Properties Trust										703,804
14,334			U-Store-It Trust										28,955
			Total Real Estate Investment Trust										2,135,285
			Semiconductors & Equipment – 2.8%
31,000			Analog Devices, Inc.										597,370
35,573			Applied Materials, Inc.										382,410
171,768			Intel Corporation										2,585,108
47,928			Microchip Technology Incorporated										1,015,594
20,469			NVIDIA Corporation, (2)										201,824
38,764			Texas Instruments Incorporated										639,994
			Total Semiconductors & Equipment										5,422,300
			Software – 4.0%
17,693			Adobe Systems Incorporated, (2)										378,453
4,723			Akamai Technologies, Inc., (2)										91,626
9,211			Autodesk, Inc., (2)										154,837
11,786			Cognizant Technology Solutions Corporation, Class A, (2)										245,031
238,266			Microsoft Corporation										4,376,946
119,215			Oracle Corporation										2,154,215
5,607			Salesforce.com, Inc., (2)										183,517
11,068			VeriSign, Inc., (2)										208,853
			Total Software										7,793,478
			Specialty Retail – 2.4%
6,450			Abercrombie & Fitch Co., Class A										153,510
25,500			American Eagle Outfitters, Inc.										312,120
11,675			Best Buy Co., Inc.										443,183
18,656			Gap, Inc.										242,341
64,570			Home Depot, Inc.										1,521,269
33,172			Limited Brands, Inc.										288,596
43,280			Lowe’s Companies, Inc.										789,860
7,300			Sherwin-Williams Company										379,381
7,793			Tiffany & Co.										168,017
14,600			TJX Companies, Inc.										374,344
			Total Specialty Retail										4,672,621
			Textiles, Apparel & Luxury Goods – 0.6%
1,014			Cherokee Inc.										15,818
19,758			VF Corporation										1,128,379
			Total Textiles, Apparel & Luxury Goods										1,144,197
			Thrifts & Mortgage Finance – 0.3%
58,864			New York Community Bancorp, Inc.										657,511
			Tobacco – 1.9%
70,986			Altria Group, Inc.										1,137,196
45,773			Philip Morris International										1,628,603
12,200			Reynolds American Inc.										437,248
34,638			Vector Group Ltd.										449,948
			Total Tobacco										3,652,995
			Trading Cos & Distributors – 0.2%
4,580			W.W. Grainger, Inc.										321,424
			Wireless Telecommunication Services – 0.3%
33,200			Vodafone Group PLC, Sponsored ADR										578,344
			Total Common Stocks (cost $275,124,441)										190,249,981
Principal
Amount (000)			Description (1)		Coupon			Maturity					Value
			Short-Term Investments – 7.6%
$	14,639		Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/09, repurchase price $14,639,067, collateralized by: $7,985,000 U.S. Treasury Bonds, 7.625%, due 2/15/25, value $12,220,244 and $2,385,000 U.S. Treasury Bonds, 4.375%, due 2/15/38, value $2,711,745		0.100%			4/01/09					$	14,639,026
			Total Short-Term Investments (cost $14,639,026)										14,639,026
			Total Investments (cost $289,763,467) – 106.0%										204,889,007
Number of					Notional			Expiration		Strike
Contracts			Type		Amount (3)			Date		Price			Value
			Call Options Written - (4.6)% (4)
(235		)	S&P 500 Index		$	(18,800,000)		4/18/09		$	800		$	(612,175	)
(268		)	S&P 500 Index		(22,110,000)			4/18/09		825			(404,680		)
(199		)	S&P 500 Index		(16,417,500)			5/16/09		825			(619,885		)
(237		)	S&P 500 Index		(17,775,000)			5/16/09		750			(1,747,875		)
(251		)	S&P 500 Index		(20,080,000)			5/16/09		800			(1,083,065		)
(269		)	S&P 500 Index		(20,847,500)			5/16/09		775			(1,542,715		)
(177		)	S&P 500 Index		(13,717,500)			6/20/09		775			(1,318,650		)
(265		)	S&P 500 Index		(21,200,000)			6/20/09		800			(1,519,775		)
(1,901		)	Total Call Options Written (premiums received $7,220,919)		(150,947,500)								(8,848,820		)
			Other Assets Less Liabilities – (1.4)%										(2,756,468		)
			Net Assets – 100%										$	193,283,719

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.”  SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements.  In determining the value of the Fund’s investments various inputs are used.  These inputs are summarized in the three broad levels listed below:

Level 1 - Quoted prices in active markets for identical securities.

Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 - Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund’s fair value measurements as of March 31, 2009:

			Level 1			Level 2			Level 3			Total
	Investments		$	204,889,007		$	—		$	—		$	204,889,007
	Call options written		(7,530,170		)	(1,318,650		)	—			(8,848,820		)
	Total		$	197,358,837		$	(1,318,650	)	$	—		$	196,040,187

Derivative Instruments and Hedging Activities

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 161 (SFAS No. 161) “Disclosures about Derivative Instruments and Hedging Activities”.  This standard is intended to enhance financial statement disclosures for derivative instruments and hedging activities and enable investors to better understand: a) how and why a fund uses derivative instruments; b) how derivative instruments are accounted for; and c) how derivative instruments affect a fund’s financial position, results of operations and cash flows, if any.  The Fund records derivative instruments at fair value with changes in fair value recognized in the Statement of Operations.  Even though the Fund’s investments in derivatives may represent economic hedges, they are considered to be non-hedge transactions for SFAS No. 161 disclosure purposes.

The table below presents the fair value of all derivative instruments held by the Fund as of March 31, 2009, the location of these instruments on the Statement of Assets and Liabilities, and the primary underlying risk exposure.

Location on the Statement of Assets and Liabilities

Underlying

Derivative

Asset Derivatives

Liability Derivatives

Risk

Instrument

Location

Fair Value

Location

Fair Value

Equity Price

Options

—

$

—

Call options written, at value

$

8,848,820

			Income Tax Information
			The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recording income, timing differences in recognizing certain gains and losses on investment transactions and the recognition of unrealized gain or loss for tax (mark-to-market) on option contracts. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
			At March 31, 2009, the cost of investments (excluding call options written) was $289,694,199.
			Gross unrealized appreciation and gross unrealized depreciation of investments at March 31, 2009, were as follows:
			Gross unrealized:
			Appreciation						$     6,045,217
			Depreciation						(90,850,409	)
			Net unrealized appreciation (depreciation) of investments						$ (84,805,192	)
			(1)		All percentages shown in the Portfolio of Investments are based on net assets.
			(2)		Non-income producing.
			(3)		For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.
			(4)		The Fund may designate up to 100% of its Common Stock investments to cover outstanding Call Options Written.
			ADR		American Depositary Receipt.

Item 2. Controls and Procedures.

a. The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).

b. There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Nuveen Equity Premium and Growth Fund

By (Signature and Title)*	/s/ Kevin J. McCarthy
	Kevin J. McCarthy
	Vice President and Secretary

Date May 29, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*	/s/ Gifford R. Zimmerman
	Gifford R. Zimmerman
	Chief Administrative Officer (principal executive officer)

Date May 29, 2009

By (Signature and Title)*	/s/ Stephen D. Foy
	Stephen D. Foy
	Vice President and Controller (principal financial officer)

Date May 29, 2009

* Print the name and title of each signing officer under his or her signature.