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   811-21619

Nuveen Equity Premium Income Fund

(Exact name of registrant as specified in charter)

     333 West Wacker Drive, Chicago, Illinois 60606     
(Address of principal executive offices) (Zip code)

Jessica R. Droeger—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:    9/30/2006   

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.

TABLE OF CONTENTS

	Item 1. Schedule of Investments
	Item 2. Controls and Procedures
	Item 3. Exhibits
SIGNATURES
Certification

Item 1. Schedule of Investments

Portfolio of Investments (Unaudited)

Nuveen Equity Premium Income Fund (JPZ)
September 30, 2006

Shares			Description								Value
			Common Stocks – 97.7%
			Aerospace & Defense – 2.4%
	71,400		Boeing Company								$	5,629,890
	100,000		Honeywell International Inc.									4,090,000
	32,000		Raytheon Company									1,536,320
	89,400		United Technologies Corporation									5,663,490
			Total Aerospace & Defense									16,919,700
			Air Freight & Logistics – 0.6%
	61,400		United Parcel Service, Inc., Class B									4,417,116
			Airlines – 0.1%
	22,200		AMR Corporation-DEL, (1)									513,708
	14,800		Continental Airlines, Inc., (1)									418,988
	6,194		Southwest Airlines Co.									103,192
			Total Airlines									1,035,888
			Auto Components – 0.1%
	21,200		American Axle and Manufacturing Holdings Inc.									353,828
	30,487		Cooper Tire & Rubber									306,699
			Total Auto Components									660,527
			Automobiles – 0.6%
	260,600		Ford Motor Company									2,108,254
	35,600		General Motors Corporation									1,623,088
	4,000		Harley-Davidson Inc., (1)									251,000
			Total Automobiles									3,982,342
			Beverages – 1.0%
	106,600		Coca-Cola Company									4,762,888
	40,500		PepsiCo, Inc.									2,643,030
			Total Beverages									7,405,918
			Biotechnology – 0.2%
	23,500		Amgen Inc., (1)									1,680,955
	100		Genentech, Inc., (1)									8,270
			Total Biotechnology									1,689,225
			Building Products – 0.1%
	1,000		Masco Corporation									701,047
			Capital Markets – 1.6%
	39,400		Charles Schwab Corporation									705,260
	19,900		Goldman Sachs Group, Inc.									3,366,483
	10,500		Jefferies Group, Inc.									299,250
	20,300		Legg Mason, Inc.									2,047,458
	26,500		Merrill Lynch & Co., Inc.									2,072,830
	21,000		Morgan Stanley									1,531,110
	59,400		Waddell & Reed Financial, Inc., Class A									1,470,150
			Total Capital Markets									11,492,541
			Chemicals – 2.3%
	51,511		Dow Chemical Company									2,007,899
	160,100		E.I. Du Pont de Nemours and Company									6,858,684
	40,400		Eastman Chemical Company									2,182,408
	47,800		Lubrizol Corporation									2,185,894
	36,100		Lyondell Chemical Company									915,857
	53,293		Olin Corporation									818,580
	63,622		RPM International, Inc.									1,208,182
	1		Tronox Incorporated, Class B									13
			Total Chemicals									16,177,517
			Commercial Banks – 9.2%
	383,779		Bank of America Corporation									20,559,041
	18,000		Comerica Incorporated									1,024,560
	3,000		Federated Investors Inc.									101,430
	52,600		HSBC Holdings PLC, Sponsored ADR									4,814,478
	145,300		Lloyds TSB Group PLC, Sponsored ADR									5,884,650
	3,414		National Australia Bank Limited, Sponsored ADR									465,704
	175,300		U.S. Bancorp.									5,823,466
	106,300		Wachovia Corporation									5,931,540
	34,100		Washington Mutual, Inc.									1,482,327
	537,414		Wells Fargo & Company									19,443,639
			Total Commercial Banks									65,530,835
			Commercial Services & Supplies – 2.0%
	74,500		Automatic Data Processing, Inc.									3,526,830
	3,800		Avery Dennison Corporation									228,646
	2,200		CheckFree Corp., (1)									90,904
	110,000		Deluxe Corporation									1,881,000
	6,600		Fair Isaac Corporation									241,362
	1,600		ITT Educational Services, Inc., (1)									106,080
	3,000		Manpower Inc.									183,810
	35,000		Paychex, Inc.									1,289,750
	23,000		Pitney Bowes Inc.									1,020,510
	6,000		Priceline.com Incorporated, (1)									220,740
	8,500		R.R. Donnelley & Sons Company									280,160
	196,058		ServiceMaster Company									2,197,810
	27,700		Standard Register Company									365,640
	65,671		Waste Management, Inc.									2,408,812
			Total Commercial Services & Supplies									14,042,054
			Communications Equipment – 2.4%
	17,400		ADTRAN, Inc.									414,816
	30,600		Avaya Inc., (1)									350,064
	8,828		Ciena Corporation, (1)									240,563
	263,500		Cisco Systems, Inc., (1)									6,060,500
	69,463		Corning Incorporated, (1)									1,695,592
	95,000		JDS Uniphase Corporation, (1)									208,050
	149,100		Motorola, Inc.									3,727,500
	116,599		QUALCOMM Inc.									4,238,374
			Total Communications Equipment									16,935,459
			Computers & Peripherals – 2.9%
	49,226		Apple Computer, Inc., (1)									3,791,879
	62,809		Dell Inc., (1)									1,434,558
	93,700		EMC Corporation, (1)									1,122,526
	129,100		Hewlett-Packard Company									4,736,679
	100,800		International Business Machines Corporation (IBM)									8,259,552
	11,400		McAfee Inc., (1)									278,844
	133,600		Sun Microsystems Inc., (1)									663,992
			Total Computers & Peripherals									20,288,030
			Consumer Finance – 0.1%
	6,401		American Express Company									358,968
			Containers & Packaging – 0.7%
	9,900		Chesapeake Corporation									141,669
	12,568		Longview Fibre Company									255,382
	65,700		Packaging Corp. of America									1,524,240
	87,489		Sonoco Products Company									2,943,130
			Total Containers & Packaging									4,864,421
			Diversified Financial Services – 5.3%
	16,900		A. G. Edwards, Inc.									900,432
	8,700		Chicago Merchantile Exchange									4,160,775
	438,000		Citigroup Inc.									21,755,460
	20,700		Federal Home Loan Mortgage Corporation									1,373,031
	29,300		Gladstone Capital Corporation									644,893
	177,861		JPMorgan Chase & Co.									8,352,353
	2,500		Moody’s Corporation									163,450
			Total Diversified Financial Services									37,350,394
			Diversified Telecommunication Services – 3.4%
	359,379		AT&T Inc.									11,701,380
	179,398		BellSouth Corporation									7,669,265
	220,900		Citizens Communications Company									3,101,436
	83,587		Sprint Nextel Corporation									1,433,517
			Total Diversified Telecommunication Services									23,905,598
			Electric Utilities – 1.5%
	27,000		Ameren Corporation									1,425,330
	33,900		Consolidated Edison, Inc.									1,566,180
	44,900		Great Plains Energy Incorporated									1,392,798
	60,600		OGE Energy Corp.									2,188,266
	80,800		Pepco Holdings, Inc.									1,952,936
	33,400		Progress Energy, Inc.									1,515,692
	27,000		Southern Company									930,420
			Total Electric Utilities									10,971,622
			Electrical Equipment – 1.0%
	61,200		Emerson Electric Co.									5,132,232
	22,415		Hubbell Incorporated, Class B									1,073,679
	13,800		Rockwell Automation, Inc.									801,780
			Total Electrical Equipment									7,007,691
			Electronic Equipment & Instruments – 0.1%
	5,700		Parker Hannifin Corporation									443,061
			Energy Equipment & Services – 2.0%
	21,300		Diamond Offshore Drilling, Inc.									1,541,481
	24,668		ENSCO International Incorporated									1,081,198
	111,600		Halliburton Company									3,175,020
	11,600		Patterson-UTI Energy, Inc.									275,616
	79,200		Schlumberger Limited									4,912,776
	17,600		Smith International, Inc.									682,880
	46,500		Tidewater Inc.									2,054,835
	3,000		Transocean Inc., (1)									219,690
			Total Energy Equipment & Services									13,943,496
			Food & Staples Retailing – 0.4%
	1,200		Longs Drug Stores Corporation									55,212
	38,696		SUPERVALU Inc.									1,147,336
	23,807		Wal-Mart Stores, Inc.									1,174,161
	13,400		Whole Foods Market, Inc.									796,362
			Total Food & Staples Retailing									3,173,071
			Food Products – 0.4%
	33,000		H.J. Heinz Company									1,383,690
	25,000		Kraft Foods Inc.									891,500
	57,000		Sara Lee Corporation									915,990
			Total Food Products									3,191,180
			Gas Utilities – 1.7%
	28,200		AGL Resources Inc.									1,029,300
	62,601		Atmos Energy Corporation									1,787,259
	8,892		KeySpan Corporation									365,817
	81,800		Nicor Inc.									3,497,768
	137,700		Peoples Energy Corporation									5,597,505
			Total Gas Utilities									12,277,649
			Health Care Equipment & Supplies – 0.5%
	35,700		Baxter International Inc.									1,622,922
	25,400		Boston Scientific Corporation, (1)									375,666
	28,900		Medtronic, Inc.									1,342,116
			Total Health Care Equipment & Supplies									3,340,704
			Health Care Providers & Services – 2.0%
	16,629		Aetna Inc.									657,677
	21,800		Caremark Rx, Inc.									1,235,406
	15,450		Coventry Health Care, Inc., (1)									795,984
	33,900		HCA, Inc.									1,691,271
	7,000		Humana Inc., (1)									462,630
	15,200		Manor Care, Inc.									794,656
	7,900		Mentor Corporation									398,081
	2,100		Omnicare, Inc.									90,489
	27,184		Tenet Helathcare Corporation, (1)									221,278
	89,170		UnitedHealth Group Incorporated									4,387,164
	10,367		Universal Health Services, Inc., Class B									621,294
	36,800		Wellpoint Inc., (1)									2,835,440
			Total Health Care Providers & Services									14,191,370
			Hotels, Restaurants & Leisure – 0.9%
	17,000		Carnival Corporation									799,510
	13,566		Harrah’s Entertainment, Inc.									901,189
	24,696		International Game Technology									1,024,884
	86,900		McDonald’s Corporation									3,399,528
	2,112		OSI Restaurant Partners Inc.									66,972
	6,000		Starwood Hotels & Resorts Worldwide, Inc.									343,140
			Total Hotels, Restaurants & Leisure									6,535,223
			Household Durables – 1.5%
	3,400		Black & Decker Corporation									269,790
	34,651		D.R. Horton, Inc.									829,891
	12,300		Furniture Brands International, Inc.									234,192
	107,400		Newell Rubbermaid Inc.									3,041,568
	12,400		Snap-on Incorporated									552,420
	25,600		Stanley Works									1,276,160
	106,700		Tupperware Corporation									2,076,382
	29,936		Whirlpool Corporation									2,517,917
			Total Household Durables									10,798,320
			Household Products – 2.5%
	53,200		Colgate-Palmolive Company									3,303,720
	22,000		Kimberly-Clark Corporation									1,437,920
	216,041		Procter & Gamble Company									13,390,221
			Total Household Products									18,131,861
			Industrial Conglomerates – 4.7%
	58,500		3M Co.									4,353,570
	2,000		American Standard Companies Inc.									83,940
	754,300		General Electric Company									26,626,790
	52,800		Genuine Parts Company									2,277,264
			Total Industrial Conglomerates									33,341,564
			Insurance – 3.5%
	36,800		Allstate Corporation									2,308,464
	117,300		American International Group, Inc.									7,772,298
	24,405		Arthur J. Gallagher & Co.									650,881
	11,900		Fidelity National Financial, Inc.									495,635
	12,500		Hartford Financial Services Group, Inc.									1,084,375
	80,445		Lincoln National Corporation									4,994,032
	72,500		Marsh & McLennan Companies, Inc.									2,040,875
	20,300		Mercury General Corporation									1,007,083
	46,000		St. Paul Travelers Companies, Inc.									2,156,940
	58,000		Unitrin, Inc.									2,561,860
			Total Insurance									25,072,443
			Internet & Catalog Retail – 0.2%
	22,804		Amazon.com, Inc., (1)									732,464
	16,437		IAC/InterActiveCorp., (1)									472,728
			Total Internet & Catalog Retail									1,205,192
			Internet Software & Services – 1.6%
	82,917		eBay Inc., (1)									2,351,526
	3,160		F5 Networks, Inc., (1)									169,755
	14,455		Google Inc., Class A, (1)									5,809,464
	7,100		Openwave Systems Inc., (1)									66,456
	212,455		United Online, Inc.									2,587,702
	18,938		Yahoo! Inc., (1)									478,753
			Total Internet Software & Services									11,463,656
			IT Services – 0.1%
	2,050		FactSet Research Systems Inc.									99,569
	9,000		WebEx Communications, Inc., (1)									351,180
			Total IT Services									450,749
			Leisure Equipment & Products – 0.1%
	2,138		Brunswick Corporation									66,684
	17,155		Eastman Kodak Company									384,272
	7,900		Polaris Industries Inc.									325,085
			Total Leisure Equipment & Products									776,041
			Machinery – 1.6%
	30,891		Briggs & Stratton Corporation									851,047
	75,600		Caterpillar Inc.									4,974,480
	1,000		Cummins Inc.									119,230
	8,400		Deere & Company									704,844
	13,600		Graco Inc.									531,216
	16,555		Ingersoll-Rand Company – Class A									628,759
	200		Joy Global Inc.									7,522
	59,400		SPX Corporation									3,174,336
	12,000		Timken Company									357,360
			Total Machinery									11,348,794
			Media – 1.9%
	45,213		CBS Corporation, Class B									1,273,650
	67,800		Clear Channel Communications, Inc.									1,956,030
	15,000		Dow Jones & Company, Inc.									503,100
	39,613		New York Times, Class A									910,307
	13,000		Omnicom Group Inc.									1,216,800
	183,600		Regal Entertainment Group, Class A									3,638,952
	115,100		Sirius Satellite Radio Inc., (1)									450,041
	5,800		ValueClick, Inc., (1)									107,532
	48,000		Walt Disney Company									1,483,680
	231,151		Westwood One, Inc.									1,636,549
	24,132		XM Satellite Radio Holdings Inc., Class A, (1)									311,061
			Total Media									13,487,702
			Metals & Mining – 0.8%
	16,400		Alcoa Inc.									459,856
	28,800		CONSOL Energy Inc.									913,824
	32,000		Nucor Corporation									1,583,680
	31,700		Southern Copper Corporation									2,932,250
			Total Metals & Mining									5,889,610
			Multiline Retail – 1.1%
	13,000		Family Dollar Stores									380,120
	38,002		Federated Department Stores, Inc.									1,642,066
	55,400		Nordstrom, Inc.									2,343,420
	7,900		Sears Holding Corporation, (1)									1,248,911
	40,800		Target Corporation									2,254,200
			Total Multiline Retail									7,868,717
			Multi-Utilities – 1.4%
	125,900		Duke Energy Corporation									3,802,180
	28,500		National Fuel Gas Company									1,035,975
	49,100		ONEOK, Inc.									1,855,489
	32,100		Public Service Enterprise Group Incorporated									1,964,199
	59,100		United Utilities PLC, Sponsored ADR									1,564,968
			Total Multi-Utilities									10,222,811
			Oil, Gas & Consumable Fuels – 6.6%
	167,900		ChevronTexaco Corporation									10,889,994
	58,749		ConocoPhillips									3,497,328
	422,200		Exxon Mobil Corporation									28,329,620
	5,000		Kinder Morgan Inc.									524,250
	75,185		Occidental Petroleum Corporation									3,617,150
	5,600		Valero Energy Corporation									288,232
	4,760		Williams Companies Inc.									113,621
			Total Oil, Gas & Consumable Fuels									47,260,195
			Paper & Forest Products – 0.4%
	11,670		Bowater Incorporated									240,052
	47,000		Weyerhaeuser Company									2,891,910
			Total Paper & Forest Products									3,131,962
			Pharmaceuticals – 8.8%
	112,700		Abbott Laboratories									5,472,712
	303,395		Bristol-Myers Squibb Company									7,560,603
	13,040		CV Therapeutics Inc., (1)									145,266
	83,800		Eli Lilly and Company									4,776,600
	11,471		GlaxoSmithKline PLC, ADR									610,601
	207,300		Johnson & Johnson									13,462,062
	249,900		Merck & Co. Inc.									10,470,810
	18,776		Neurocrine Biosciences Inc., (1)									201,842
	551,317		Pfizer Inc.									15,635,350
	22,700		Schering-Plough Corporation									501,443
	67,600		Wyeth									3,436,784
			Total Pharmaceuticals									62,274,073
			Real Estate – 2.3%
	9,500		American Financial Realty Trust									106,020
	57,700		American Home Mortgage Investment Corp.									2,011,999
	154,100		Crescent Real Estate Equities Company									3,360,921
	19,900		Equity Office Properties Trust									791,224
	39,900		First Industrial Realty Trust, Inc.									1,755,600
	21,000		Health Care REIT, Inc.									840,210
	58,500		Healthcare Realty Trust, Inc.									2,246,985
	117,900		HRPT Properties Trust									1,408,905
	22,300		Lexington Corporate Properties Trust									472,314
	5,700		Liberty Property Trust									272,403
	42,800		Nationwide Health Properties, Inc.									1,144,472
	26,329		New Century Financial Corporation									1,034,993
	7,682		Newcastle Investment Corporation									210,564
	11,700		Reckson Associates Realty Corporation									500,760
	27,000		Senior Housing Properties Trust									576,180
			Total Real Estate									16,733,550
			Road & Rail – 0.3%
	17,000		Burlington Northern Santa Fe Corporation									1,248,480
	13,363		Norfolk Southern Corporation									588,640
			Total Road & Rail									1,837,120
			Semiconductors & Equipment – 3.1%
	31,000		Advanced Micro Devices, Inc., (1)									770,350
	26,500		Analog Devices, Inc.									778,835
	97,200		Applied Materials, Inc.									1,723,356
	45,300		Broadcom Corporation, Class A, (1)									1,374,402
	410,700		Intel Corporation									8,448,099
	9,900		Intersil Holding Corporation, Class A									243,045
	6,600		Lam Research Corporation, (1)									299,178
	4,800		Linear Technology Corporation									149,376
	59,115		Maxim Integrated Products, Inc.									1,659,358
	38,900		Microchip Technology Incorporated									1,261,138
	24,800		National Semiconductor Corporation									583,544
	19,800		NVIDIA Corporation, (1)									585,882
	115,500		Texas Instruments Incorporated									3,840,375
			Total Semiconductors & Equipment									21,716,938
			Software – 3.2%
	42,852		Adobe Systems Incorporated, (1)									1,604,807
	4,580		Akamai Technologies, Inc., (1)									228,954
	11,400		Autodesk, Inc., (1)									396,492
	36,600		BEA Systems, Inc., (1)									556,320
	18,500		Cognizant Technology Solutions Corporation, Class A, (1)									1,370,110
	474,900		Microsoft Corporation									12,979,017
	16,433		NAVTEQ Corporation, (1)									429,066
	251,178		Oracle Corporation, (1)									4,455,898
	6,100		Red Hat, Inc., (1)									128,588
	10,500		Salesforce.com, Inc., (1)									376,740
	2,284		VeriSign, Inc., (1)									46,137
			Total Software									22,572,129
			Specialty Retail – 3.0%
	33,100		Abercrombie & Fitch Co., Class A									2,299,788
	31,800		American Eagle Outfitters, Inc.									1,393,794
	53,700		Best Buy Co., Inc.									2,876,172
	24,200		Chico’s FAS, Inc., (1)									521,026
	10,600		Christopher & Banks Corporation									312,488
	21,256		Claire’s Stores, Inc.									619,825
	4,900		Foot Locker, Inc.									123,725
	135,715		Home Depot, Inc.									4,922,383
	68,800		Limited Brands, Inc.									1,822,512
	65,243		Lowe’s Companies, Inc.									1,830,719
	20,200		Michaels Stores, Inc.									879,508
	212,557		Pier 1 Imports, Inc.									1,577,173
	5,212		RadioShack Corporation									100,592
	500		Sherwin-Williams Company									27,890
	5,000		Tiffany & Co									166,000
	19,700		TJX Companies, Inc.									552,191
	100,596		Tuesday Morning Corporation									1,396,272
			Total Specialty Retail									21,422,058
			Textiles, Apparel & Luxury Goods – 0.4%
	36,000		VF Corporation									2,626,200
			Thrifts & Mortgage Finance – 0.2%
	10,500		Countrywide Financial Corporation									367,920
	60,800		New York Community Bancorp, Inc.									995,904
			Total Thrifts & Mortgage Finance									1,363,824
			Tobacco – 2.7%
	217,733		Altria Group, Inc.									16,667,461
	32,200		Reynolds American Inc.									1,995,434
	34,424		Vector Group Ltd.									558,361
			Total Tobacco									19,221,256
			Transportation Infrastructure – 0.1%
	25,100		Stolt-Nielsen S.A., Sponsored ADR									650,090
			Wireless Telecommunication Services – 0.1%
	37,362		Vodafone Group PLC									854,097
			Total Common Stocks (cost $589,581,439)									694,553,599
				Notional			Expiration		Strike
Contracts			Type	Amount (2)			Date		Price		Value
			Put Options – 0.1%
	827		S&P 500 Index	$	97,172,500			10/21/06	$	1175	$	16,540
	733		S&P 500 Index		87,960,000			10/21/06		1200		21,990
	775		S&P 500 Index		93,000,000			11/18/06		1200		143,375
	630		S&P 500 Index		77,175,000			11/18/06		1225		171,675
	737		S&P 500 Index		84,755,000			12/16/06		1150		165,825
	774		S&P 500 Index		90,945,000			12/16/06		1175		234,135
	694		S&P 500 Index		83,280,000			12/16/06		1200		284,540
	5,170		Total Put Options (cost $3,838,255)		614,287,500							1,038,080
Principal
Amount (000)			Description	Coupon			Maturity				Value
			Short-Term Investments – 6.8%
$	48,632		Repurchase Agreement with State Street Bank, dated 9/29/06, repurchase price $48,651,429, collateralized by:		4.800%			10/02/06			$	48,631,976
			$1,070,000 U.S. Treasury Notes, 3.500%, due 8/15/09, value $1,043,250
			$50,000,000 U.S. Treasury Notes, 3.500%, due 2/15/10, value $48,562,500
			Total Short-Term Investments (cost $48,631,976)									48,631,976
			Total Investments (cost $642,051,670) – 104.6%									744,223,655
				Notional			Expiration		Strike
Contracts			Type	Amount (2)			Date		Price		Value
			Call Options – (4.7)% (3)
	(621	)	S&P 500 Index	$	(77,625,000	)		10/21/06	$	1250	$	(5,561,055	)
	(1,358	)	S&P 500 Index		(173,145,000	)		10/21/06		1275		(8,888,110	)
	(621	)	S&P 500 Index		(80,730,000	)		10/21/06		1300		(2,636,145	)
	(1,319	)	S&P 500 Index		(168,172,500	)		11/18/06		1275		(9,589,130	)
	(604	)	S&P 500 Index		(78,520,000	)		11/18/06		1300		(3,107,580	)
	(647	)	S&P 500 Index		(84,110,000	)		12/16/06		1300		(3,904,645	)
	(5,170	)	Total Call Options (premiums received $23,111,880)		(662,302,500	)						(33,686,665	)
			Other Assets Less Liabilities – 0.1%									780,406
			Net Assets – 100%								$	711,317,396
			(1)      Non-income producing.
			(2)      For disclosure purposes, Notional Amount is calculated by multiplying the number of Contracts by Strike Price by 100.
			(3)      The Fund may designate up to 100% of its Common Stock investments to cover outstanding Call Options.
			ADR      American Depositary Receipt.
			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 recognition of income on REIT investments and timing differences in recognizing certain gains and losses on investment transactions.
			At September 30, 2006, the cost of investments was $642,051,776.
			Gross unrealized appreciation and gross unrealized depreciation of investments at September 30, 2006, were as follows:
			Gross unrealized:
			Appreciation								$	111,153,315
			Depreciation									(8,981,436	)
			Net unrealized appreciation (depreciation) of investments								$	102,171,879

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 Income Fund                  

By (Signature and Title)*	/s/ Jessica R. Droeger
	Jessica R. Droeger
	Vice President and Secretary

Date November 28, 2006

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 November 28, 2006

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

Date November 28, 2006

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