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<SEC-DOCUMENT>0001083839-02-000208.txt : 20021030
<SEC-HEADER>0001083839-02-000208.hdr.sgml : 20021030
<ACCEPTANCE-DATETIME>20021030142845
ACCESSION NUMBER:		0001083839-02-000208
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20020831
FILED AS OF DATE:		20021030
EFFECTIVENESS DATE:		20021030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN CALIFORNIA MUNICIPAL VALUE FUND INC
		CENTRAL INDEX KEY:			0000818851
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05235
		FILM NUMBER:		02802882

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<TEXT>
<PAGE>      PAGE  1
000 B000000 08/31/2002
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  6
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<PAGE>      PAGE  8
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080 B000000 CONTINENTAL CASUALTY, AIG, GULF
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088 D000000 N
SIGNATURE   STEPHEN D. FOY
TITLE       V.P. & CONTROLLER


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ltraudit802.txt
<TEXT>

REPORT OF INDEPENDENT AUDITORS


The Board of Trustees/Directors
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") for the year ended August 31, 2002, we considered
its internal control, including control activities for safeguarding
securities, in order to determine our auditing procedures for the purpose
of expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, and not to provide assurance on
internal control.

The management of the Funds is responsible for establishing and
maintaining internal control.  In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected
benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing
financial statements for external purposes that are fairly presented in
conformity with accounting principles generally accepted in the United
States.  Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error or fraud may
occur and not be detected.  Also, projection of any evaluation of
internal control to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.

Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not
reduce to a relatively low level the risk that misstatements caused by
error or fraud in amounts that would be material in relation to the
financial statements being audited may occur and not be detected within
a timely period by employees in the normal course of performing their
assigned functions.  However, we noted no matters involving internal
control, and its operation, including controls for safeguarding
securities, and that we consider to be material weaknesses as defined
above as of August 31, 2002.

This report is intended solely for the information and use of the Board
of Trustees/Directors and management 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
October 11, 2002

Exhibit A

Nuveen California Municipal Value Fund, Inc.

Nuveen California Performance Plus Municipal
Fund, Inc.

Nuveen California Municipal Market
Opportunity Municipal Fund, Inc.

Nuveen California Investment Quality Municipal
Fund, Inc.

Nuveen California Select Quality Municipal
Fund, Inc.

Nuveen California Quality Income Municipal
Fund, Inc.

Nuveen Insured California Premium Income
Municipal Fund, Inc.

Nuveen Insured California Premium Income
Municipal Fund 2, Inc.

Nuveen California Premium Income Municipal
Fund

Nuveen California Dividend Advantage
Municipal Fund

Nuveen California Dividend Advantage
Municipal Fund 2

Nuveen California Dividend Advantage
Municipal Fund 3

Nuveen Insured California Dividend Advantage

Municipal Fund







</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>ltrsigr802.txt
<TEXT>
Sub-Item 77Q3.

i) & ii)	i) & ii)	Stephen D. Foy, as Vice President,
Controller and principal
financial officer and Gifford R. Zimmerman, Chief
Administrative Officer and
principal executive officer of the Nuveen Funds, hereby
reports, with respect to
this Form N-SAR report, that Fund management has evaluated
the effectiveness
of the Fund's disclosure controls and procedures as of October
24, 2002(the
"Evaluation Date"), which is within 90 days prior to the filing
date of the report,
and concluded that those disclosure controls and procedures
were adequate and
effective as of the Evaluation Date; and that Fund
management has concluded
that there were no significant changes in internal controls or in
other factors that
could significantly affect internal controls subsequent to the
date of their most
recent evaluation, and there were no corrective actions with
regard to significant
deficiencies and material weaknesses.














































iii) CERTIFICATIONS

I, Stephen D. Foy, certify that:

1. I have reviewed this report on Form N-SAR of Nuveen
2. California
3. Municipal Value Fund;

4. Based on my knowledge, this report does not contain any

5. untrue statement

6. of a material fact or omit to state a material fact necessary

7. to make the

8. statements made, in light of the circumstances under

9. which such statements

10. were made, not misleading with respect to the period

11. covered by this report;


12. Based on my knowledge, the financial information
13. included in this report,
14. and the financial statements on which the financial
15. information is based,
16. fairly present in all material respects the financial
17. condition, results of
18. operations, changes in net assets, and cash flows (if the
19. financial statements
20. are required to include a statement of cash flows) of the
21. registrant as of, and
22. for, the periods presented in this report;
23.

4. The registrant's other certifying officers and I are
5. responsible for
6. establishing and maintaining disclosure controls and
7. procedures (as defined
8. in rule 30a-2(c) under the Investment Company Act) for
9. the registrant and
10. have:
a) designed such disclosure controls and procedures to
b) ensure that material
c) information relating
d)  to the registrant, including its consolidated subsidiaries,
e) is made known to us by others within those entities,
f) particularly during the
g) period in which this report is being prepared;
h)
b) evaluated the effectiveness of the registrant's disclosure
controls and
procedures as of a date within 90 days prior to the filing date
of this report (the
"Evaluation Date"); and
c) presented in this report our conclusions about the
effectiveness of the
disclosure controls and procedures based on our evaluation as
of the Evaluation
Date;


5. The registrant's other certifying officers and I have
6. disclosed, based on our
7. most recent evaluation, to the registrant's auditors and the
8. audit committee
9. of the registrant's board of directors (or persons
10. performing the equivalent
11. functions):
a) all significant deficiencies in the design or operation of
b) internal controls
c) which could adversely affect the registrant's ability to
d) record, process,
e) summarize, and report financial data and have identified
f) for the registrant's
g) auditors any material weaknesses in internal controls; and
b) any fraud, whether or not material, that involves
management or other
employees who have a significant role in the registrant's
internal controls; and

6. The registrant's other certifying officers and I have
7. indicated in this report
8. whether or not there were significant changes in internal
9. controls or in other
10. factors that could significantly affect internal controls
11. subsequent to the
12. date of our most recent evaluation, including any
13. corrective actions with
14. regard to significant deficiencies and material
15. weaknesses.


Date: 10/30/2002










/s/ Stephen D. Foy
Stephen D. Foy
Vice President and Controller


I, Gifford R. Zimmerman, certify that:

1. I have reviewed this report on Form N-SAR of Nuveen California
2. Municipal Value  Fund;

3. Based on my knowledge, this report does not contain any

4. untrue statement

5. of a material fact or omit to state a material fact necessary

6. to make the

7. statements made, in light of the circumstances under

8. which such statements

9. were made, not misleading with respect to the period

10. covered by this report;


11. Based on my knowledge, the financial information
12. included in this report,
13. and the financial statements on which the financial
14. information is based,
15. fairly present in all material respects the financial
16. condition, results of
17. operations, changes in net assets, and cash flows (if the
18. financial statements
19. are required to include a statement of cash flows) of the
20. registrant as of, and
21. for, the periods presented in this report;

4. The registrant's other certifying officers and I are
5. responsible for
establishing and maintaining disclosure controls and
procedures (as defined in
rule 30a-2(c) under the Investment Company Act) for the
registrant and have:
a) designed such disclosure controls and procedures to
b) ensure that material
c) information relating to the registrant, including its
d) consolidated subsidiaries,
e) is made known to us by others within those entities,
f) particularly during the
g) period in which this report is being prepared;
b) evaluated the effectiveness of the registrant's disclosure
controls and
procedures as of a date within 90 days prior to the filing date
of this report (the
"Evaluation Date"); and
c) presented in this report our conclusions about the
effectiveness of the
disclosure controls and procedures based on our evaluation as
of the Evaluation
Date;

5. The registrant's other certifying officers and I have
6. disclosed, based on our
7. most recent evaluation, to the registrant's auditors and the
8. audit committee
9. of the registrant's board of directors (or persons
10. performing the equivalent
11. functions):
a) all significant deficiencies in the design or operation of
b) internal controls
c) which could adversely affect the registrant's ability to
d) record, process,
e) summarize, and report financial data and have identified
f) for the registrant's
g) auditors any material weaknesses in internal controls; and
b) any fraud, whether or not material, that involves
management or other
employees who have a significant role in the registrant's
internal controls; and

6. The registrant's other certifying officers and I have
7. indicated in this report
8. whether or not there were significant changes in internal
9. controls or in other
10. factors that could significantly affect internal controls
11. subsequent to the
12. date of our most recent evaluation, including any
13. corrective actions with
14. regard to significant deficiencies and material
15. weaknesses.


Date: 10/30/2002










/s/ Gifford R. Zimmerman
Gifford R. Zimmerman
Chief Administrative Officer

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
