X0203 3 2009-01-31 0 0001265708 NUVEEN TAX ADVANTAGED TOTAL RETURN STRATEGY FUND JTA 0001114446 UBS AG BAHNHOFSTRASSE 45 PO BOX CH-8021 ZURICH V8 SWITZERLAND 0 0 1 0 Auction Preferred Stock (CUSIP No[s]. 67090H201 ) 411 I By subsidiary - see footnote This Statement is filed by UBS AG for the benefit and on behalf of UBS Securities LLC and UBS Financial Services Inc., two-wholly owned subsidiaries of UBS AG to which UBS AG has delegated portions of its performance obligations with respect to the Auction Rate Securities Rights issued by UBS AG to certain clients and pursuant to which the securities reported herein have been purchased from such clients. Pursuant to the Global Relief Letter referred to below, this filing reports holdings of the Series of Auction Preferred Stock identified in Item 1 of this Table I on an aggregated basis. The Shares reported herein represent UBS AG's combined holdings in multiple series of auction preferred securities of the issuer, which are treated herein as one class of securities in accordance with the Auction Rate Securities -- Global Exemptive Relief letter ("Global Relief Letter") issued by the staff of the Securities and Exchange Commission (SEC) on September 22, 2008. UBS AG undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, complete information regarding the number of securities identified in Table I purchased and sold at each different price and date for the period between the date on which beneficial ownership exceeded ten percent and January 31, 2009, as required by the Global Relief Letter. /s/ Anthony DeFilippis 2009-02-10 /s/ Joseph Gallichio 2009-02-10