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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001181431-10-056491.txt : 20101118
<SEC-HEADER>0001181431-10-056491.hdr.sgml : 20101118
<ACCEPTANCE-DATETIME>20101118114720
ACCESSION NUMBER:		0001181431-10-056491
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101115
FILED AS OF DATE:		20101118
DATE AS OF CHANGE:		20101118

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MLP & Strategic Equity Fund Inc.
		CENTRAL INDEX KEY:			0001389611
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	BUSINESS ADDRESS:	
		STREET 1:		4 WORLD FINANCIAL CENTER, 6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10080
		BUSINESS PHONE:		877-449-4742

	MAIL ADDRESS:	
		STREET 1:		4 WORLD FINANCIAL CENTER, 6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10080

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MLP Strategy Income Fund Inc.
		DATE OF NAME CHANGE:	20070209

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			IQ Investment Advisors LLC
		CENTRAL INDEX KEY:			0001312673
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1204

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22040
		FILM NUMBER:		101201862

	BUSINESS ADDRESS:	
		STREET 1:		4 WORLD FINANCIAL CENTER, 6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10080
		BUSINESS PHONE:		877-449-4742

	MAIL ADDRESS:	
		STREET 1:		4 WORLD FINANCIAL CENTER, 6TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10080

	FORMER NAME:	
		FORMER CONFORMED NAME:	IQ Investment Adviser LLC
		DATE OF NAME CHANGE:	20041223
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd291596.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-11-15</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001389611</issuerCik>
        <issuerName>MLP &amp; Strategic Equity Fund Inc.</issuerName>
        <issuerTradingSymbol>MTP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001312673</rptOwnerCik>
            <rptOwnerName>IQ Investment Advisors LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4 WORLD FINANCIAL CENTER</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10080</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Former Investment Manager</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2010-11-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6611.6911</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>115653.02</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Jeff McGoey, Vice President of IQ Investment Advisors LLC</signatureName>
        <signatureDate>2010-11-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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