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)

Kevin J. McCarthy—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:    3/31/2007   

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)
March 31, 2007

Shares		Description	Value
		Common Stocks – 96.6%
		Aerospace & Defense – 2.6%
	72,900	Boeing Company	$	6,481,539
	100,000	Honeywell International Inc.		4,606,000
	32,300	Raytheon Company		1,694,458
	89,700	United Technologies Corporation		5,830,500
		Total Aerospace & Defense		18,612,497
		Air Freight & Logistics – 0.5%
	46,304	United Parcel Service, Inc., Class B		3,245,910
		Airlines – 0.1%
	22,200	AMR Corporation-DEL, (1)		675,990
	14,800	Continental Airlines, Inc., (1)		538,572
		Total Airlines		1,214,562
		Auto Components – 0.1%
	21,200	American Axle and Manufacturing Holdings Inc.		579,820
	30,487	Cooper Tire & Rubber		557,607
		Total Auto Components		1,137,427
		Automobiles – 0.5%
	204,000	Ford Motor Company		1,609,560
	48,800	General Motors Corporation		1,495,232
	4,300	Harley-Davidson Inc.		252,625
	100	Toyota Motor Corporation		12,816
		Total Automobiles		3,370,233
		Beverages – 1.2%
	113,597	Coca-Cola Company		5,452,656
	52,300	PepsiCo, Inc.		3,324,188
		Total Beverages		8,776,844
		Biotechnology – 0.4%
	48,600	Amgen Inc., (1)		2,715,768
	600	Genentech, Inc., (1)		49,272
		Total Biotechnology		2,765,040
		Building Products – 0.1%
	25,567	Masco Corporation		700,536
		Capital Markets – 3.1%
	46,000	Charles Schwab Corporation		841,340
	22,000	Goldman Sachs Group, Inc.		4,545,860
	10,500	Jefferies Group, Inc.		303,975
	177,861	JPMorgan Chase & Co.		8,604,915
	20,300	Legg Mason, Inc.		1,912,463
	31,400	Merrill Lynch & Co., Inc.		2,564,438
	23,500	Morgan Stanley		1,850,860
	59,400	Waddell & Reed Financial, Inc., Class A		1,385,208
		Total Capital Markets		22,009,059
		Chemicals – 2.5%
	51,511	Dow Chemical Company		2,362,294
	148,600	E.I. Du Pont de Nemours and Company		7,345,298
	40,400	Eastman Chemical Company		2,558,532
	42,998	Lubrizol Corporation		2,215,687
	36,100	Lyondell Chemical Company		1,081,917
	19,000	NL Industries Inc.		207,100
	53,293	Olin Corporation		902,783
	63,622	RPM International, Inc.		1,469,668
		Total Chemicals		18,143,279
		Commercial Banks – 7.5%
	383,779	Bank of America Corporation		19,580,404
	18,300	Comerica Incorporated		1,081,896
	26,293	Corus Bankshares Inc.		448,559
	3,000	Federated Investors Inc.		110,160
	52,600	HSBC Holdings PLC, Sponsored ADR		4,618,806
	145,300	Lloyds TSB Group PLC, Sponsored ADR		6,461,491
	3,414	National Australia Bank Limited, Sponsored ADR		555,970
	38,700	TrustCo Bank Corporation NY		370,746
	175,300	U.S. Bancorp.		6,130,241
	112,400	Wachovia Corporation		6,187,620
	34,100	Washington Mutual, Inc.		1,376,958
	190,800	Wells Fargo & Company		6,569,244
		Total Commercial Banks		53,492,095
		Commercial Services & Supplies – 2.1%
	65,710	Automatic Data Processing, Inc.		3,180,364
	4,500	Avery Dennison Corporation		289,170
	90,303	Deluxe Corporation		3,027,860
	4,419	Fair Isaac Corporation		170,927
	1,700	ITT Educational Services, Inc., (1)		138,533
	3,200	Manpower Inc.		236,064
	40,300	Paychex, Inc.		1,526,161
	23,000	Pitney Bowes Inc.		1,043,970
	5,800	Priceline.com Incorporated, (1)		308,908
	8,500	R.R. Donnelley & Sons Company		311,015
	116,428	ServiceMaster Company		1,791,827
	34,100	Standard Register Company		431,365
	65,671	Waste Management, Inc.		2,259,739
		Total Commercial Services & Supplies		14,715,903
		Communications Equipment – 2.3%
	17,600	ADTRAN, Inc.		428,560
	30,600	Avaya Inc., (1)		361,386
	8,828	Ciena Corporation, (1)		246,743
	282,800	Cisco Systems, Inc., (1)		7,219,884
	56,100	Corning Incorporated, (1)		1,275,714
	12,075	JDS Uniphase Corporation, (1)		183,902
	149,100	Motorola, Inc.		2,634,597
	97,579	QUALCOMM Inc.		4,162,720
		Total Communications Equipment		16,513,506
		Computers & Peripherals – 3.0%
	53,226	Apple Computer, Inc., (1)		4,945,228
	67,793	Dell Inc., (1)		1,573,476
	93,700	EMC Corporation, (1)		1,297,745
	129,100	Hewlett-Packard Company		5,182,074
	80,900	International Business Machines Corporation (IBM)		7,625,634
	10,457	McAfee Inc., (1)		304,090
	133,600	Sun Microsystems Inc., (1)		802,936
		Total Computers & Peripherals		21,731,183
		Containers & Packaging – 0.7%
	9,900	Chesapeake Corporation		149,490
	65,700	Packaging Corp. of America		1,603,080
	87,489	Sonoco Products Company		3,287,837
		Total Containers & Packaging		5,040,407
		Diversified Financial Services – 4.5%
	16,900	A. G. Edwards, Inc.		1,169,142
	91,104	Capitalsource Inc.		2,289,444
	8,700	Chicago Merchantile Exchange		4,632,402
	438,000	Citigroup Inc.		22,486,919
	22,000	Federal Home Loan Mortgage Corporation		1,308,780
	2,700	Moody’s Corporation		167,562
		Total Diversified Financial Services		32,054,249
		Diversified Telecommunication Services – 4.2%
	582,077	AT&T Inc.		22,951,295
	220,900	Citizens Communications Company		3,302,455
	107,100	Verizon Communications Inc.		4,061,232
		Total Diversified Telecommunication Services		30,314,982
		Electric Utilities – 1.6%
	27,000	Ameren Corporation		1,358,100
	33,900	Consolidated Edison, Inc.		1,730,934
	25,949	Great Plains Energy Incorporated		842,045
	60,600	OGE Energy Corp.		2,351,280
	80,800	Pepco Holdings, Inc.		2,344,816
	33,400	Progress Energy, Inc.		1,684,696
	27,000	Southern Company		989,550
		Total Electric Utilities		11,301,421
		Electrical Equipment – 0.9%
	122,400	Emerson Electric Co.		5,274,216
	400	Hubbell Incorporated, Class B		19,296
	14,000	Rockwell Automation, Inc.		838,180
		Total Electrical Equipment		6,131,692
		Electronic Equipment & Instruments – 0.0%
	6,500	Cogent Inc., (1)		87,425
		Energy Equipment & Services – 2.3%
	21,900	Diamond Offshore Drilling, Inc.		1,772,805
	24,668	ENSCO International Incorporated		1,341,939
	111,600	Halliburton Company		3,542,184
	15,400	Patterson-UTI Energy, Inc.		345,576
	83,100	Schlumberger Limited		5,742,210
	17,600	Smith International, Inc.		845,680
	46,500	Tidewater Inc.		2,723,970
		Total Energy Equipment & Services		16,314,364
		Food & Staples Retailing – 0.7%
	36,406	CVS Corporation		1,242,901
	200	Longs Drug Stores Corporation		10,328
	38,696	SUPERVALU Inc.		1,511,853
	17,200	Wal-Mart Stores, Inc.		807,540
	31,826	Whole Foods Market, Inc.		1,427,396
		Total Food & Staples Retailing		5,000,018
		Food Products – 0.2%
	23,029	Kraft Foods Inc.		729,098
	57,000	Sara Lee Corporation		964,440
		Total Food Products		1,693,538
		Gas Utilities – 1.0%
	28,200	AGL Resources Inc.		1,204,704
	62,601	Atmos Energy Corporation		1,958,159
	81,800	Nicor Inc.		3,960,756
		Total Gas Utilities		7,123,619
		Health Care Equipment & Supplies – 0.4%
	36,000	Baxter International Inc.		1,896,120
	25,400	Boston Scientific Corporation, (1)		369,316
	13,228	Medtronic, Inc.		648,966
		Total Health Care Equipment & Supplies		2,914,402
		Health Care Providers & Services – 1.1%
	15,650	Coventry Health Care, Inc., (1)		877,183
	6,700	Mentor Corporation		308,200
	2,100	Omnicare, Inc.		83,517
	90,046	UnitedHealth Group Incorporated		4,769,737
	25,800	Wellpoint Inc., (1)		2,092,380
		Total Health Care Providers & Services		8,131,017
		Hotels Restaurants & Leisure – 1.0%
	17,000	Carnival Corporation		796,620
	13,566	Harrah’s Entertainment, Inc.		1,145,649
	22,661	International Game Technology		915,051
	86,900	McDonald’s Corporation		3,914,845
	2,112	OSI Restaurant Partners Inc.		83,424
		Total Hotels Restaurants & Leisure		6,855,589
		Household Durables – 1.7%
	4,100	Black & Decker Corporation		334,642
	34,651	D.R. Horton, Inc.		762,322
	10,977	Furniture Brands International, Inc.		173,217
	1,300	KB Home		55,471
	107,400	Newell Rubbermaid Inc.		3,339,066
	12,400	Snap-on Incorporated		596,440
	25,600	Stanley Works		1,417,216
	106,700	Tupperware Corporation		2,660,031
	29,936	Whirlpool Corporation		2,541,866
		Total Household Durables		11,880,271
		Household Products – 2.5%
	54,300	Colgate-Palmolive Company		3,626,697
	26,100	Kimberly-Clark Corporation		1,787,589
	197,107	Procter & Gamble Company		12,449,278
		Total Household Products		17,863,564
		Industrial Conglomerates – 3.8%
	2,000	American Standard Companies Inc.		106,040
	697,773	General Electric Company		24,673,252
	52,800	Genuine Parts Company		2,587,200
		Total Industrial Conglomerates		27,366,492
		Insurance – 4.3%
	38,200	Allstate Corporation		2,294,292
	124,500	American International Group, Inc.		8,368,890
	24,405	Arthur J. Gallagher & Co.		691,394
	209,268	Fidelity National Title Group Inc., Class A		5,024,525
	17,200	Hartford Financial Services Group, Inc.		1,643,976
	80,646	Lincoln National Corporation		5,466,992
	72,500	Marsh & McLennan Companies, Inc.		2,123,525
	1,100	Mercury General Corporation		58,344
	46,000	Travelers Companies, Inc.		2,381,420
	52,700	Unitrin, Inc.		2,480,589
		Total Insurance		30,533,947
		Internet & Catalog Retail – 0.2%
	24,004	Amazon.com, Inc., (1)		955,119
	17,537	IAC/InterActiveCorp., (1)		661,320
		Total Internet & Catalog Retail		1,616,439
		Internet Software & Services – 1.8%
	88,717	eBay Inc., (1)		2,940,969
	3,160	F5 Networks, Inc., (1)		210,709
	13,211	Google Inc., Class A, (1)		6,052,752
	7,100	Openwave Systems Inc., (1)		57,865
	159,665	United Online, Inc.		2,240,100
	44,445	Yahoo! Inc., (1)		1,390,684
		Total Internet Software & Services		12,893,079
		IT Services – 0.1%
	2,050	FactSet Research Systems Inc.		128,843
	6,395	Fidelity National Information Services		290,717
	8,900	WebEx Communications, Inc., (1)		506,054
		Total IT Services		925,614
		Leisure Equipment & Products – 0.1%
	2,138	Brunswick Corporation		68,095
	17,155	Eastman Kodak Company		387,017
	7,900	Polaris Industries Inc.		379,042
		Total Leisure Equipment & Products		834,154
		Machinery – 1.9%
	30,891	Briggs & Stratton Corporation		952,987
	75,600	Caterpillar Inc.		5,067,468
	1,200	Cummins Inc.		173,664
	9,200	Deere & Company		999,488
	13,600	Graco Inc.		532,576
	16,555	Ingersoll Rand Company Limited, Class A		717,990
	400	Joy Global Inc.		17,160
	6,500	Parker Hannifin Corporation		561,015
	57,966	SPX Corporation		4,069,213
	12,000	Timken Company		363,720
		Total Machinery		13,455,281
		Media – 1.9%
	45,213	CBS Corporation, Class B		1,383,066
	136,534	Citadel Broadcasting Corporation		1,298,438
	67,800	Clear Channel Communications, Inc.		2,375,712
	15,000	Dow Jones & Company, Inc.		517,050
	5,355	Idearc Inc.		187,961
	39,613	New York Times, Class A		931,302
	14,000	Omnicom Group Inc.		1,433,320
	183,600	Regal Entertainment Group, Class A		3,648,132
	75,874	Sirius Satellite Radio Inc., (1)		242,797
	5,800	ValueClick, Inc., (1)		151,554
	36,200	Walt Disney Company		1,246,366
	24,132	XM Satellite Radio Holdings Inc., Class A, (1)		311,785
		Total Media		13,727,483
		Metals & Mining – 1.2%
	16,400	Alcoa Inc.		555,960
	28,800	CONSOL Energy Inc.		1,126,944
	32,000	Nucor Corporation		2,084,160
	63,400	Southern Copper Corporation		4,543,244
		Total Metals & Mining		8,310,308
		Multiline Retail – 1.3%
	13,000	Family Dollar Stores		385,060
	38,002	Federated Department Stores, Inc.		1,711,990
	55,400	Nordstrom, Inc.		2,932,876
	8,700	Sears Holding Corporation, (1)		1,567,392
	42,000	Target Corporation		2,488,920
		Total Multiline Retail		9,086,238
		Multi-Utilities – 2.2%
	125,900	Duke Energy Corporation		2,554,511
	91,657	Integrys Energy Group, Inc.		5,087,880
	28,500	National Fuel Gas Company		1,232,910
	49,100	ONEOK, Inc.		2,209,500
	32,100	Public Service Enterprise Group Incorporated		2,665,584
	59,100	United Utilities PLC, Sponsored ADR		1,755,270
		Total Multi-Utilities		15,505,655
		Oil, Gas, & Consumable Fuels – 6.9%
	1,100	BP Amoco PLC		71,225
	170,700	Chevron Corporation		12,624,972
	63,649	ConocoPhillips		4,350,409
	422,200	Exxon Mobil Corporation		31,854,989
	9,900	Valero Energy Corporation		638,451
		Total Oil, Gas, & Consumable Fuels		49,540,046
		Paper & Forest Products – 0.5%
	12,070	Bowater Incorporated		287,507
	47,000	Weyerhaeuser Company		3,512,780
		Total Paper & Forest Products		3,800,287
		Pharmaceuticals – 7.7%
	113,000	Abbott Laboratories		6,305,400
	246,638	Bristol-Myers Squibb Company		6,846,671
	13,040	CV Therapeutics Inc., (1)		102,625
	63,000	Eli Lilly and Company		3,383,730
	11,471	GlaxoSmithKline PLC, ADR		633,887
	207,500	Johnson & Johnson		12,503,950
	234,802	Merck & Co. Inc.		10,371,204
	15,134	Neurocrine Biosciences Inc., (1)		189,175
	426,857	Pfizer Inc.		10,782,408
	22,700	Schering-Plough Corporation		579,077
	69,200	Wyeth		3,462,076
		Total Pharmaceuticals		55,160,203
		Real Estate – 2.0%
	9,500	American Financial Realty Trust		95,760
	57,700	American Home Mortgage Investment Corp.		1,557,323
	154,100	Crescent Real Estate Equities Company		3,091,246
	39,900	First Industrial Realty Trust, Inc.		1,807,470
	21,000	Health Care REIT, Inc.		921,900
	58,500	Healthcare Realty Trust, Inc.		2,182,050
	117,900	HRPT Properties Trust		1,450,170
	22,300	Lexington Corporate Properties Trust		471,199
	5,700	Liberty Property Trust		277,704
	42,800	Nationwide Health Properties, Inc.		1,337,928
	7,682	Newcastle Investment Corporation		213,022
	27,000	Senior Housing Properties Trust		645,300
		Total Real Estate Investment Trust		14,051,072
		Road & Rail – 0.3%
	17,069	Burlington Northern Santa Fe Corporation		1,372,860
	13,563	Norfolk Southern Corporation		686,288
		Total Road & Rail		2,059,148
		Semiconductors & Equipment – 2.3%
	11,500	Advanced Micro Devices, Inc., (1)		150,190
	26,500	Analog Devices, Inc.		913,985
	105,600	Applied Materials, Inc.		1,934,592
	46,300	Broadcom Corporation, Class A, (1)		1,484,841
	190,771	Intel Corporation		3,649,449
	10,600	Intersil Holding Corporation, Class A		280,794
	6,800	Lam Research Corporation, (1)		321,912
	64,115	Maxim Integrated Products, Inc.		1,884,981
	39,700	Microchip Technology Incorporated		1,410,541
	24,800	National Semiconductor Corporation		598,672
	20,800	NVIDIA Corporation, (1)		598,624
	115,500	Texas Instruments Incorporated		3,476,550
		Total Semiconductors & Equipment		16,705,131
		Software – 3.3%
	43,852	Adobe Systems Incorporated, (1)		1,828,628
	4,580	Akamai Technologies, Inc., (1)		228,634
	13,300	Autodesk, Inc., (1)		500,080
	34,800	BEA Systems, Inc., (1)		403,332
	16,533	Cognizant Technology Solutions Corporation, Class A, (1)		1,459,368
	491,700	Microsoft Corporation		13,703,679
	16,433	NAVTEQ Corporation, (1)		566,939
	254,078	Oracle Corporation, (1)		4,606,434
	6,100	Red Hat, Inc., (1)		139,873
	10,500	Salesforce.com, Inc., (1)		449,610
	3,384	VeriSign, Inc., (1)		85,006
		Total Software		23,971,583
		Specialty Retail – 2.5%
	27,715	Abercrombie & Fitch Co., Class A		2,097,471
	47,700	American Eagle Outfitters, Inc.		1,430,523
	52,650	Best Buy Co., Inc.		2,565,108
	24,200	Chico’s FAS, Inc., (1)		591,206
	9,100	Christopher & Banks Corporation		177,177
	21,256	Claire’s Stores, Inc.		682,743
	2,670	Foot Locker, Inc.		62,879
	135,715	Home Depot, Inc.		4,986,169
	53,597	Limited Brands, Inc.		1,396,738
	55,300	Lowe’s Companies, Inc.		1,741,397
	5,212	RadioShack Corporation		140,880
	500	Sherwin-Williams Company		33,020
	5,000	Tiffany & Co		227,400
	19,700	TJX Companies, Inc.		531,112
	83,469	Tuesday Morning Corporation		1,238,680
		Total Specialty Retail		17,902,503
		Textiles Apparel & Luxury Goods – 0.3%
	28,138	VF Corporation		2,324,762
		Thrifts & Mortgage Finance – 0.1%
	60,800	New York Community Bancorp, Inc.		1,069,472
		Tobacco – 3.0%
	217,733	Altria Group, Inc.		19,119,135
	32,200	Reynolds American Inc.		2,009,602
	34,424	Vector Group Ltd.		644,073
		Total Tobacco		21,772,810
		Transportation Infrastructure – 0.1%
	18,000	Stolt-Nielsen S.A., Sponsored ADR		531,180
		Total Common Stocks (cost $543,402,114)		692,277,519

Principal
Amount (000)		Description	Coupon	Maturity	Value
		Short-Term Investments – 5.3%
$	38,114	Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/30/07, repurchase price $38,129,126, collateralized by $39,835,000 U.S. Treasury Bills, 0.000%, due 9/27/07, value 38,878,960	4.900%	4/02/07	$	38,113,563
		Total Short-Term Investments (cost $38,113,563)				38,113,563

				Notional			Expiration	Strike
Contracts			Type	Amount (2)			Date	Price		Value
			Put Options – 0.4%
	663		S&P 500 Index	$	86,190,000		4/21/07	$	1300	$	82,875
	722		S&P 500 Index		95,665,000		4/21/07		1325		144,400
	663		S&P 500 Index		84,532,500		5/19/07		1275		228,735
	1,384		S&P 500 Index		179,920,000		5/19/07		1300		650,480
	663		S&P 500 Index		86,190,000		6/16/07		1300		523,770
	722		S&P 500 Index		95,665,000		6/16/07		1325		743,660
	4,817		Total Put Options (cost $2,653,053)		628,162,500						2,373,920
			Total Investments (cost $584,168,730) – 102.3%								732,765,002
				Notional			Expiration	Strike
Contracts			Type	Amount (2)			Date	Price		Value
			Call Options Written – (2.4)% (3)
	(605	)	S&P 500 Index	$	(83,187,500	)	4/21/07	$	1375	$	(3,306,325	)
	(607	)	S&P 500 Index		(84,980,000	)	4/21/07		1400		(2,054,695	)
	(1,206	)	S&P 500 Index		(171,855,000	)	4/21/07		1425		(2,001,960	)
	(586	)	S&P 500 Index		(82,040,000	)	5/19/07		1400		(2,645,790	)
	(602	)	S&P 500 Index		(85,785,000	)	5/19/07		1425		(1,700,650	)
	(604	)	S&P 500 Index		(84,560,000	)	6/16/07		1400		(3,282,740	)
	(607	)	S&P 500 Index		(86,497,500	)	6/16/07		1425		(2,273,215	)
	(4,817	)	Total Call Options Written (premiums received $18,996,760)		(678,905,000	)					(17,265,375	)
			Other Assets Less Liabilities – 0.1%								985,805
			Net Assets – 100%							$	716,485,432

(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 Written.
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 the recognition of unrealized gain or loss for tax (mark-to-market) on index option contracts, recognition of income on REIT investments and timing differences in recognizing certain gains and losses on investment transactions.

At March 31, 2007, the cost of investments was $584,168,759.

Gross unrealized appreciation and gross unrealized depreciation of investments at March 31, 2007, were as follows:

Gross unrealized:
Appreciation	$	153,266,573
Depreciation		(4,670,330	)
Net unrealized appreciation (depreciation) of investments	$	148,596,243

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/ Kevin J. McCarthy
	Kevin J. McCarthy
	Vice President and Secretary

Date May 30, 2007

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 May 30, 2007

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

Date May 30, 2007

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