<DOCUMENT>
<TYPE>EX-99.77D POLICIES
<SEQUENCE>3
<FILENAME>nny77d0916.txt
<TEXT>
Form N-SAR, Sub-Item 77D

Policies with respect to security investments

Nuveen New York Municipal Value Fund, Inc.
811-05238




The Board of the above referenced Fund approved changes
to the Fund s investment policies regarding AMT securities.
The Fund added an AMT policy that the Fund will invest no
more than 20% in AMT-eligible municipal securities.


</TEXT>
</DOCUMENT>
