<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>4
<FILENAME>nca77d0212.txt
<TEXT>
Form N-SAR, Sub-Item 77D

Policies with respect to security investments


Nuveen California Municipal Value Fund, Inc.
33-15880, 811-05235

The annual meeting of shareholders was held in the offices of Nuveen
Investments on November 15, 2011; 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
December 16, 2011 at which the policy changes were approved by an
affirmative vote of the shareholders.


A description of the policy changes can be found in
the proxy statement.  Proxy materials are herein
incorporated by reference
to the SEC filing on October 14, 2011, under
Conformed Submission Type DEF 14A, accession
number 0000950123-11-090018.

</TEXT>
</DOCUMENT>
