-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B6/4N7mRjOsLbJAl+XFK9Kl/GFWrbTtyfbV2Lfmv7ZuJ3fBshg28rYYxn6jkBCy1 Mugr9K3ACyG9ojHfXtyJ4A== 0000891804-09-001083.txt : 20090401 0000891804-09-001083.hdr.sgml : 20090401 20090401162535 ACCESSION NUMBER: 0000891804-09-001083 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090131 FILED AS OF DATE: 20090401 DATE AS OF CHANGE: 20090401 EFFECTIVENESS DATE: 20090401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN QUALITY INCOME MUNICIPAL FUND INC CENTRAL INDEX KEY: 0000874506 IRS NUMBER: 363765524 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06303 FILM NUMBER: 09723684 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178200 MAIL ADDRESS: STREET 1: 333 W WACKER CITY: CHICAGO STATE: IL ZIP: 60606 N-Q 1 nq1.htm NQU Form N-Q

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         811-06303         

        Nuveen Quality Income Municipal Fund, Inc.         
(Exact name of registrant as specified in charter)

Nuveen Investments
        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:            10/31          

Date of reporting period:         1/31/09         

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.

Item 1. Schedule of Investments

    Portfolio of Investments (Unaudited)             
    Nuveen Quality Income Municipal Fund, Inc. (NQU)             
    January 31, 2009             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 

    Alabama – 3.2% (2.0% of Total Investments)             
    Jefferson County, Alabama, Sewer Revenue Capitol Improvement Warrants, Series 2001A:             
$      7,475     5.500%, 2/01/31 (Pre-refunded 2/01/11) – FGIC Insured    2/11 at 101.00    AAA   $   8,065,974 
6,340     5.500%, 2/01/31 (Pre-refunded 2/01/11) – FGIC Insured    2/11 at 101.00    AAA    6,802,186 
6,970     5.500%, 2/01/31 (Pre-refunded 2/01/11) – FGIC Insured    2/11 at 101.00    AAA    7,521,048 

20,785    Total Alabama            22,389,208 

    Alaska – 1.7% (1.0% of Total Investments)             
6,110    Alaska Housing Finance Corporation, General Housing Purpose Bonds, Series 2005A, 5.000%,    12/14 at 100.00    AA    5,971,120 
     12/01/27 – FGIC Insured             
11,000    Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,    6/14 at 100.00    Baa3    5,737,820 
     Series 2006A, 5.000%, 6/01/46             

17,110    Total Alaska            11,708,940 

    Arizona – 2.3% (1.4% of Total Investments)             
5,350    Arizona Tourism and Sports Authority, Tax Revenue Bonds, Multipurpose Stadium Facility    7/13 at 100.00    A2    5,075,759 
     Project, Series 2003A, 5.000%, 7/01/28 – MBIA Insured             
1,000    Mesa, Arizona, Utility System Revenue Refunding Bonds, Series 2002, 5.250%, 7/01/17 –    No Opt. Call    AA    1,163,860 
     FGIC Insured             
2,350    Phoenix, Arizona, Civic Improvement Corporation, Senior Lien Airport Revenue Bonds, Series    7/18 at 100.00    AA–    2,214,100 
     2008A, 5.000%, 7/01/33             
8,010    Salt River Project Agricultural Improvement and Power District, Arizona, Electric System    1/12 at 101.00    Aa1    8,124,543 
     Revenue Refunding Bonds, Series 2002A, 5.125%, 1/01/27             

16,710    Total Arizona            16,578,262 

    Arkansas – 0.9% (0.6% of Total Investments)             
    Arkansas Development Finance Authority, Tobacco Settlement Revenue Bonds, Arkansas Cancer             
    Research Center Project, Series 2006:             
2,500     0.000%, 7/01/36 – AMBAC Insured    No Opt. Call    Aa3    487,350 
19,800     0.000%, 7/01/46 – AMBAC Insured    No Opt. Call    Aa3    2,062,170 
4,000    University of Arkansas, Fayetteville, Revenue Bonds, Medical Sciences Campus, Series 2004B,    11/14 at 100.00    Aa3    3,881,320 
     5.000%, 11/01/34 – MBIA Insured             

26,300    Total Arkansas            6,430,840 

    California – 13.2% (8.2% of Total Investments)             
12,500    Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public    No Opt. Call    AAA    2,178,875 
     Improvement Project, Series 1997C, 0.000%, 9/01/35 – FSA Insured             
1,000    California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, 5.750%,    5/12 at 101.00    Aaa    1,155,890 
     5/01/17 (Pre-refunded 5/01/12)             
6,000    California Health Facilities Financing Authority, Health Facility Revenue Bonds, Adventist    3/13 at 100.00    A    4,797,600 
     Health System/West, Series 2003A, 5.000%, 3/01/33             
3,450    California Infrastructure Economic Development Bank, Revenue Bonds, J. David Gladstone    10/11 at 101.00    A–    2,993,634 
     Institutes, Series 2001, 5.250%, 10/01/34             
1,360    California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity    7/15 at 100.00    BBB    884,313 
     Health System, Series 2005A, 5.250%, 7/01/30             
3,600    California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health System,    7/18 at 100.00    AA–    3,375,468 
     Series 2007A, 5.750%, 7/01/47 – FGIC Insured             
14,600    California, General Obligation Bonds, Series 2003, 5.250%, 2/01/28    8/13 at 100.00    A1    14,444,364 
25,000    California, General Obligation Bonds, Series 2005, 4.750%, 3/01/35 – MBIA Insured    3/16 at 100.00    AA    21,855,248 
10,000    California, Various Purpose General Obligation Bonds, Series 1999, 4.750%, 4/01/29 –    4/09 at 101.00    AA    9,195,000 
     MBIA Insured             
16,000    California, Various Purpose General Obligation Bonds, Series 2007, 5.000%, 6/01/37    6/17 at 100.00    A1    14,475,040 
8,500    Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series    1/10 at 100.00    AA    5,780,680 
     1995A, 5.000%, 1/01/35 – MBIA Insured             
    Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement             
    Asset-Backed Bonds, Series 2007A-1:             
10,000     5.000%, 6/01/33    6/17 at 100.00    BBB    6,253,300 
1,500     5.125%, 6/01/47    6/17 at 100.00    BBB    806,760 
30,000    San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue    No Opt. Call    AA    3,750,300 
     Refunding Bonds, Series 1997A, 0.000%, 1/15/35 – MBIA Insured             
3,000    San Mateo County Community College District, California, General Obligation Bonds, Series    No Opt. Call    Aa1    813,330 
     2006C, 0.000%, 9/01/30 – MBIA Insured             
1,500    Tobacco Securitization Authority of Northern California, Tobacco Settlement Asset-Backed    6/15 at 100.00    BBB    859,260 
     Bonds, Series 2005A-1, 5.500%, 6/01/45             

148,010    Total California            93,619,062 

    Colorado – 5.2% (3.2% of Total Investments)             
1,000    Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Health System, Series    9/18 at 102.00    AAA    862,710 
     2005C, 5.250%, 3/01/40 – FSA Insured             
10,000    Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2000A,    11/10 at 100.00    A1    9,672,700 
     5.625%, 11/15/23 – AMBAC Insured (Alternative Minimum Tax)             
5,385    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/26 –    No Opt. Call    AA–    1,310,386 
     MBIA Insured             
43,000    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, 9/01/33 –    No Opt. Call    AA–    5,374,140 
     MBIA Insured             
14,400    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B, 0.000%, 9/01/17    9/10 at 65.63    AAA    9,229,680 
     (Pre-refunded 9/01/10) – MBIA Insured             
7,000    E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 9/01/34 –    No Opt. Call    AA–    798,000 
     MBIA Insured             
8,740    Larimer County School District R1, Poudre, Colorado, General Obligation Bonds, Series 2000,    12/10 at 100.00    Aa3 (4)    9,434,131 
     5.125%, 12/15/19 (Pre-refunded 12/15/10) – FGIC Insured             

89,525    Total Colorado            36,681,747 

    Connecticut – 0.7% (0.4% of Total Investments)             
4,395    Bridgeport, Connecticut, General Obligation Bonds, Series 2001C, 5.375%, 8/15/17 (Pre-refunded    8/11 at 100.00    A– (4)    4,871,066 
     8/15/11) – FGIC Insured             

    Florida – 0.8% (0.5% of Total Investments)             
5,000    Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist Health    11/10 at 101.00    A1 (4)    5,534,250 
     System/Sunbelt Obligated Group, Series 2000, 6.500%, 11/15/30 (Pre-refunded 11/15/10)             

    Georgia – 0.7% (0.5% of Total Investments)             
5,000    Medical Center Hospital Authority, Georgia, Revenue Anticipation Certificates, Columbus    8/18 at 100.00    N/R    5,241,800 
     Regional Healthcare System, Inc. Project, Series 2008, 6.500%, 8/01/38             

    Hawaii – 1.5% (0.9% of Total Investments)             
10,000    Hawaii Department of Transportation, Airport System Revenue Refunding Bonds, Series 2000B,    7/10 at 101.00    AA    10,374,100 
     5.750%, 7/01/21 – FGIC Insured             

    Illinois – 15.5% (9.6% of Total Investments)             
    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated             
    Revenues, Series 2001C:             
1,000     5.500%, 12/01/18 (Pre-refunded 12/01/11) – FSA Insured    12/11 at 100.00    AAA    1,118,190 
3,000     5.000%, 12/01/20 (Pre-refunded 12/01/11) – FSA Insured    12/11 at 100.00    AAA    3,312,900 
2,000     5.000%, 12/01/21 (Pre-refunded 12/01/11) – FSA Insured    12/11 at 100.00    AAA    2,208,600 
    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax             
    Revenues, Series 1998B-1:             
9,400     0.000%, 12/01/14 – FGIC Insured    No Opt. Call    AA–    7,631,672 
4,400     0.000%, 12/01/15 – FGIC Insured    No Opt. Call    AA–    3,401,684 
32,670    Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999, 0.000%, 1/01/32 –    No Opt. Call    Aa3    8,791,824 
     FGIC Insured             
    Chicago, Illinois, General Obligation Bonds, Neighborhoods Alive 21 Program, Series 2000A:             
680     6.000%, 1/01/28 (Pre-refunded 7/01/10) – FGIC Insured    7/10 at 101.00    AA– (4)    737,188 
4,320     6.000%, 1/01/28 (Pre-refunded 7/01/10) – FGIC Insured    7/10 at 101.00    AA– (4)    4,683,312 
190    Chicago, Illinois, General Obligation Bonds, Series 2002A, 5.000%, 1/01/18 – AMBAC Insured    7/12 at 100.00    AA–    201,622 
    Chicago, Illinois, General Obligation Bonds, Series 2002A:             
70     5.000%, 1/01/18 (Pre-refunded 7/01/12) – AMBAC Insured    7/12 at 100.00    AAA    78,572 
6,190     5.000%, 1/01/18 (Pre-refunded 7/01/12) – AMBAC Insured    7/12 at 100.00    AA– (4)    6,947,966 
5,045    Chicago, Illinois, General Obligation Refunding Bonds, Series 2000D, 5.750%, 1/01/30 –    1/10 at 101.00    AA    5,089,346 
     FGIC Insured             
13,240    Chicago, Illinois, Revenue Bonds, Midway Airport, Series 1998A, 5.125%, 1/01/35 – MBIA Insured    7/09 at 101.00    AA    10,500,379 
     (Alternative Minimum Tax)             
    Chicago, Illinois, Second Lien Wastewater Transmission Revenue Bonds, Series 2000:             
8,000     5.750%, 1/01/25 (Pre-refunded 1/01/10) – MBIA Insured    1/10 at 101.00    AA (4)    8,462,480 
7,750     6.000%, 1/01/30 (Pre-refunded 1/01/10) – MBIA Insured    1/10 at 101.00    AA (4)    8,215,775 
    Illinois Educational Facilities Authority, Student Housing Revenue Bonds, Educational             
    Advancement Foundation Fund, University Center Project, Series 2002:             
3,000     6.625%, 5/01/17 (Pre-refunded 5/01/12)    5/12 at 101.00    Aaa    3,523,740 
1,800     6.000%, 5/01/22 (Pre-refunded 5/01/12)    5/12 at 101.00    Aaa    2,078,604 
1,050    Illinois Finance Authority, General Obligation Debt Certificates, Local Government Program –    12/14 at 100.00    A3    1,096,169 
     Kankakee County, Series 2005B, 5.000%, 12/01/20 – AMBAC Insured             
4,425    Illinois Finance Authority, Illinois, Northwestern University, Revenue Bonds, Tender Option    12/15 at 100.00    AAA    4,563,901 
     Bond Trust 3174, 14.855%, 12/01/42 (IF)             
2,000    Illinois Finance Authority, Revenue Bonds, Children’s Memorial Hospital, Series 2008,    8/18 at 100.00    AAA    1,603,120 
     5.250%, 8/15/47 – AGC Insured (UB)             
1,000    Illinois Finance Authority, Revenue Bonds, Edward Health Services Corporation, Series 2008A,    2/18 at 100.00    A+    763,320 
     5.500%, 2/01/40 – AMBAC Insured             
5,000    Illinois Finance Authority, Revenue Bonds, Northwestern Memorial Hospital, Series 2004A,    8/14 at 100.00    AA+ (4)    5,994,300 
     5.500%, 8/15/43 (Pre-refunded 8/15/14)             
10,000    Illinois Health Facilities Authority, Revenue Bonds, Iowa Health System, Series 2000, 5.875%,    2/10 at 101.00    Aa3 (4)    10,547,800 
     2/15/30 – AMBAC Insured (ETM)             
5,000    Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2000, 5.450%, 12/01/21 –    12/10 at 100.00    AA    5,249,100 
     MBIA Insured             
2,270    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion    6/12 at 101.00    AAA    2,261,374 
     Project, Series 2002A, 5.000%, 12/15/28 – MBIA Insured             
986    Montgomery, Illinois, Lakewood Creek Project Special Assessment Bonds, Series 2007, 4.700%,    3/16 at 100.00    BBB+    642,744 
     3/01/30 – RAAI Insured             

134,486    Total Illinois            109,705,682 

    Indiana – 1.7% (1.0% of Total Investments)             
2,000    Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Deaconess Hospital Inc.,    3/14 at 100.00    A+    1,586,640 
     Series 2004A, 5.375%, 3/01/34 – AMBAC Insured             
3,240    Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Marion General Hospital,    7/12 at 100.00    A    3,265,823 
     Series 2002, 5.625%, 7/01/19 – AMBAC Insured             
2,400    Indiana Health Facility Financing Authority, Revenue Bonds, Community Hospitals of Indiana,    5/15 at 100.00    A    1,787,664 
     Series 2005A, 5.000%, 5/01/35 – AMBAC Insured             
6,015    St. Joseph County Hospital Authority, Indiana, Revenue Bonds, Memorial Health System, Series    2/09 at 100.50    AA    5,172,900 
     1998A, 4.625%, 8/15/28 – MBIA Insured             

13,655    Total Indiana            11,813,027 

    Iowa – 0.9% (0.5% of Total Investments)             
    Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C:             
4,000     5.375%, 6/01/38    6/15 at 100.00    BBB    2,211,720 
7,000     5.625%, 6/01/46    6/15 at 100.00    BBB    3,880,940 

11,000    Total Iowa            6,092,660 

    Kansas – 0.9% (0.5% of Total Investments)             
4,585    Johnson County Unified School District 232, Kansas, General Obligation Bonds, Series 2000,    9/10 at 100.00    Aa3 (4)    4,871,929 
     4.750%, 9/01/19 (Pre-refunded 9/01/10) – FSA Insured             
1,750    Wamego, Kansas, Pollution Control Revenue Bonds, Kansas Gas and Electric Company, Series 2004,    6/14 at 100.00    AA    1,383,148 
     5.300%, 6/01/31 – MBIA Insured             

6,335    Total Kansas            6,255,077 

    Kentucky – 0.5% (0.3% of Total Investments)             
1,000    Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds,    6/18 at 100.00    AAA    1,007,000 
     Louisville Arena Authority, Inc., Series 2008A-1, 6.000%, 12/01/33 – AGC Insured             
2,500    Kentucky State Property and Buildings Commission, Revenue Refunding Bonds, Project 74, Series    2/12 at 100.00    AAA    2,800,000 
     2002, 5.375%, 2/01/18 (Pre-refunded 2/01/12) – FSA Insured             
3,500    Total Kentucky            3,807,000 

    Louisiana – 3.6% (2.3% of Total Investments)             
10,000    Louisiana Public Facilities Authority, Hospital Revenue Bonds, Franciscan Missionaries of Our    No Opt. Call    AAA    11,179,500 
     Lady Health System, 5.750%, 7/01/25 – FSA Insured (UB)             
9,000    Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,    5/17 at 100.00    A3    6,661,890 
     Series 2007A, 5.500%, 5/15/47             
5,500    Louisiana Public Facilities Authority, Revenue Bonds, Tulane University, Series 2002A, 5.000%,    7/12 at 100.00    A (4)    6,151,915 
     7/01/32 (Pre-refunded 7/01/12) – AMBAC Insured             
2,890    Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,    5/11 at 101.00    BBB    1,835,555 
     Series 2001B, 5.875%, 5/15/39             

27,390    Total Louisiana            25,828,860 

    Massachusetts – 8.0% (4.9% of Total Investments)             
500    Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc.,    7/18 at 100.00    A3    367,890 
     Series 2008E-1, 5.125%, 7/01/38             
7,405    Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Massachusetts    No Opt. Call    AAA    8,118,176 
     Institute of Technology, Series 2008, 5.500%, 7/01/32 (UB)             
6,000    Massachusetts Industrial Finance Agency, Resource Recovery Revenue Refunding Bonds, Ogden    6/09 at 102.00    BBB    4,719,780 
     Haverhill Project, Series 1998A, 5.600%, 12/01/19 (Alternative Minimum Tax)             
12,500    Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior Series    7/09 at 100.00    AA    9,281,125 
     1997A, 5.000%, 1/01/37 – MBIA Insured             
13,500    Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Subordinate    7/09 at 101.00    A    9,935,865 
     Series 1999A, 5.000%, 1/01/39 – AMBAC Insured             
1,375    Massachusetts Water Pollution Abatement Trust, Revenue Bonds, MWRA Loan Program, Subordinate    8/09 at 101.00    AAA    1,425,311 
     Series 1999A, 5.750%, 8/01/29 (Pre-refunded 8/01/09)             
5,570    Massachusetts Water Pollution Abatement Trust, Revenue Bonds, MWRA Loan Program, Subordinate    8/09 at 101.00    AAA    5,680,453 
     Series 1999A, 5.750%, 8/01/29             
10,000    Massachusetts Water Resources Authority, General Revenue Bonds, Series 2000A, 5.750%, 8/01/39    8/10 at 101.00    AA+ (4)    10,785,000 
     (Pre-refunded 8/01/10) – FGIC Insured             
5,730    University of Massachusetts Building Authority, Senior Lien Project Revenue Bonds, Series    11/10 at 100.00    A (4)    6,163,245 
     2000-2, 5.250%, 11/01/20 (Pre-refunded 11/01/10) – AMBAC Insured             

62,580    Total Massachusetts            56,476,845 

    Michigan – 2.7% (1.7% of Total Investments)             
5,000    Detroit, Michigan, Second Lien Sewerage Disposal System Revenue Bonds, Series 2005A, 5.000%,    7/15 at 100.00    AA    4,072,250 
     7/01/35 – MBIA Insured             
3,790    Michigan Municipal Bond Authority, General Obligation Bonds, Detroit City School District,    6/15 at 100.00    AAA    4,044,423 
     Series 2005, 5.000%, 6/01/20 – FSA Insured             
7,425    Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System,    11/09 at 101.00    A1 (4)    7,805,531 
     Series 1999A, 6.000%, 11/15/24 (Pre-refunded 11/15/09)             
3,050    Michigan Tobacco Settlement Finance Authority, Tobacco Settlement Asset-Backed Revenue Bonds,    6/18 at 100.00    Baa3    2,093,307 
     Series 2008A, 6.875%, 6/01/42             
1,150    Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont    9/18 at 100.00    A1    1,181,234 
     Hospital, Refunding Series 2009V, 8.250%, 9/01/39             

20,415    Total Michigan            19,196,745 

    Minnesota – 1.4% (0.9% of Total Investments)             
    Chaska, Minnesota, Electric Revenue Bonds, Generating Facility Project, Series 2000A:             
1,930     6.000%, 10/01/20 (Pre-refunded 10/01/10)    10/10 at 100.00    A3 (4)    2,089,515 
2,685     6.000%, 10/01/25 (Pre-refunded 10/01/10)    10/10 at 100.00    A3 (4)    2,906,915 
3,655    Dakota and Washington Counties Housing and Redevelopment Authority, Minnesota, GNMA    No Opt. Call    AAA    5,201,796 
     Mortgage-Backed Securities Program Single Family Residential Mortgage Revenue Bonds, Series             
     1988, 8.450%, 9/01/19 (Alternative Minimum Tax) (ETM)             

8,270    Total Minnesota            10,198,226 

    Mississippi – 0.6% (0.4% of Total Investments)             
1,875    Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial    9/14 at 100.00    AA    1,820,588 
     Healthcare, Series 2008, 5.000%, 9/01/24 (UB)             
2,500    Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Forrest County General    1/11 at 101.00    Aa3 (4)    2,724,025 
     Hospital, Series 2000, 5.500%, 1/01/27 (Pre-refunded 1/01/11) – FSA Insured             

4,375    Total Mississippi            4,544,613 

    Missouri – 1.7% (1.0% of Total Investments)             
15,000    Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series    No Opt. Call    AA–    5,146,800 
     2004B-1, 0.000%, 4/15/28 – AMBAC Insured             
2,400    Missouri-Illinois Metropolitan District Bi-State Development Agency, Mass Transit Sales Tax    10/13 at 100.00    AAA    2,452,728 
     Appropriation Bonds, Metrolink Cross County Extension Project, Series 2002B, 5.000%,             
     10/01/23 - FSA Insured             
15,350    Springfield Public Building Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park    No Opt. Call    A    4,174,433 
     Projects, Series 2000A, 0.000%, 6/01/30 – AMBAC Insured             

32,750    Total Missouri            11,773,961 

    Nevada – 6.0% (3.7% of Total Investments)             
34,470    Clark County School District, Nevada, General Obligation Bonds, Series 2002C, 5.000%, 6/15/20    6/12 at 100.00    AA (4)    38,643,280 
     (Pre-refunded 6/15/12) – MBIA Insured             
6,845    Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas    No Opt. Call    A    1,331,969 
     Monorail Project, First Tier, Series 2000, 0.000%, 1/01/23 – AMBAC Insured             
2,500    Reno, Neveda, Health Facilty Revenue Bonds, Catholic Healthcare West, Trust 2634, 16.866%,    7/17 at 100.00    AAA    2,408,800 
     7/01/31 – BHAC Insured (IF)             

43,815    Total Nevada            42,384,049 

    New Jersey – 5.4% (3.4% of Total Investments)             
1,000    New Jersey Building Authority, State Building Revenue Bonds, Series 2002A, 5.000%, 12/15/21    12/12 at 100.00    AAA    1,141,610 
     (Pre-refunded 12/15/12) – FSA Insured             
10,000    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health    1/17 at 37.38    Baa2    677,100 
     Care System, Series 2006A, 0.000%, 7/01/36             
2,150    New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Trinitas Hospital    7/10 at 101.00    BBB– (4)    2,373,342 
     Obligated Group, Series 2000, 7.500%, 7/01/30 (Pre-refunded 7/01/10)             
2,025    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2001B,    12/11 at 100.00    AA (4)    2,302,911 
     6.000%, 12/15/19 (Pre-refunded 12/15/11) – MBIA Insured             
3,200    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2003C,    6/13 at 100.00    AAA    3,748,160 
     5.500%, 6/15/22 (Pre-refunded 6/15/13)             
    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C:             
20,000     0.000%, 12/15/33 – FSA Insured    No Opt. Call    AAA    4,604,800 
20,000     0.000%, 12/15/35 – AMBAC Insured    No Opt. Call    AA–    3,431,200 
20,000     0.000%, 12/15/36 – AMBAC Insured    No Opt. Call    AA–    3,204,800 
    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,             
    Series 2002:             
2,165     5.750%, 6/01/32 (Pre-refunded 6/01/12)    6/12 at 100.00    AAA    2,361,777 
1,000     6.125%, 6/01/42 (Pre-refunded 6/01/12)    6/12 at 100.00    AAA    1,150,100 
    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,             
    Series 2003:             
9,420     6.750%, 6/01/39 (Pre-refunded 6/01/13)    6/13 at 100.00    AAA    11,397,917 
1,850     6.250%, 6/01/43 (Pre-refunded 6/01/13)    6/13 at 100.00    AAA    2,199,946 

92,810    Total New Jersey            38,593,663 

    New Mexico – 0.9% (0.6% of Total Investments)             
5,925    New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare    8/11 at 101.00    AA– (4)    6,538,119 
     Services, Series 2001A, 5.500%, 8/01/21 (Pre-refunded 8/01/11)             

    New York – 17.9% (11.1% of Total Investments)             
    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health             
    Services Facilities, Series 2000B:             
100     6.000%, 2/15/30 (Pre-refunded 2/15/10) – MBIA Insured    2/10 at 100.00    A1 (4)    105,745 
65     6.000%, 2/15/30 (Pre-refunded 2/15/10) – MBIA Insured    2/10 at 100.00    AAA    68,713 
1,005     6.000%, 2/15/30 (Pre-refunded 2/15/10) – MBIA Insured    2/10 at 100.00    AAA    1,062,737 
8,830     6.000%, 2/15/30 (Pre-refunded 2/15/10) – MBIA Insured    2/10 at 100.00    AAA    9,337,284 
275    Dormitory Authority of the State of New York, Insured Revenue Bonds, Fordham University,    7/10 at 100.00    AA    265,059 
     Series 1998, 5.000%, 7/01/28 – MBIA Insured             
2,250    Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of    No Opt. Call    AA    2,339,010 
     Medicine, Series 1994A, 5.150%, 7/01/24 – MBIA Insured             
20,000    Erie County Tobacco Asset Securitization Corporation, New York, Senior Tobacco Settlement    7/10 at 101.00    AAA    21,713,998 
     Asset-Backed Bonds, Series 2000, 6.125%, 7/15/30 (Pre-refunded 7/15/10)             
1,320    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%,    2/17 at 100.00    AA    977,698 
     2/15/47 – MBIA Insured             
1,130    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A,    9/11 at 100.00    AAA    1,257,577 
     5.375%, 9/01/25 (Pre-refunded 9/01/11)             
15,000    Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2000A,    4/10 at 100.00    AA (4)    15,959,700 
     6.000%, 4/01/30 (Pre-refunded 4/01/10) – FGIC Insured             
3,965    Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2009,    11/16 at 100.00    AAA    3,933,835 
     Trust 11711, 13.464%, 11/15/32 – FSA Insured (IF)             
12,500    Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,    7/09 at 101.00    AAA    12,958,625 
     Series 1999A, 6.400%, 7/15/33 (Pre-refunded 7/15/09)             
    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal             
    Series 2000B:             
8,035     5.750%, 11/15/19 (Pre-refunded 5/15/10)    5/10 at 101.00    AAA    8,652,409 
2,065     5.750%, 11/15/19 (Pre-refunded 5/15/10)    5/10 at 101.00    AAA    2,223,675 
    New York City, New York, General Obligation Bonds, Fiscal Series 2002G:             
950     5.000%, 8/01/17    8/12 at 100.00    AA    994,992 
6,555     5.750%, 8/01/18    8/12 at 100.00    AAA    7,232,066 
3,990    New York City, New York, General Obligation Bonds, Fiscal Series 2002G, 5.750%, 8/01/18    8/12 at 100.00    AA (4)    4,614,635 
     (Pre-refunded 8/01/12)             
5,000    New York City, New York, General Obligation Bonds, Fiscal Series 2003A, 5.750%, 8/01/16    8/12 at 100.00    AA    5,546,550 
    New York State Environmental Facilities Corporation, State Clean Water and Drinking Water             
    Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,             
    Second Resolution Bonds, Series 2001C:             
6,035     5.000%, 6/15/20    6/11 at 100.00    AAA    6,240,069 
6,575     5.000%, 6/15/22    6/11 at 100.00    AAA    6,719,716 
11,540    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred    11/12 at 101.00    AAA    12,302,102 
     Twenty-Eighth Series 2002, 5.000%, 11/01/20 – FSA Insured             
2,250    United Nations Development Corporation, New York, Senior Lien Revenue Bonds, Series 2004A,    4/09 at 100.00    A3    2,250,833 
     5.250%, 7/01/21             

119,435    Total New York            126,757,028 

    North Carolina – 2.0% (1.2% of Total Investments)             
4,000    North Carolina Medical Care Commission, Health System Revenue Bonds, Mission St. Joseph’s    10/17 at 100.00    AA    3,212,960 
     Health System, Series 2008, 4.500%, 10/01/31 (UB)             
665    North Carolina Medical Care Commission, Hospital Revenue Bonds, Pitt County Memorial Hospital,    12/10 at 100.00    AA    597,030 
     Series 1998A, 4.750%, 12/01/28 – MBIA Insured             
7,500    North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 2003A, 5.250%,    1/13 at 100.00    AA    7,789,875 
     1/01/19 – MBIA Insured             
3,000    The Charlotte-Mecklenberg Hospital Authority, North Carolina, Doing Business as Carolinas    1/18 at 100.00    AA–    2,559,990 
     HealthCare System, Health Care Refunding Revenue Bonds, Series 2008A, 5.000%, 1/15/47             

15,165    Total North Carolina            14,159,855 

    Ohio – 5.4% (3.4% of Total Investments)             
10,000    American Municipal Power Ohio Inc., General Revenue Bonds, Series 2008, 5.250%, 2/15/43    2/18 at 100.00    A1    9,418,100 
    Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue             
    Bonds, Senior Lien, Series 2007A-2:             
170     5.125%, 6/01/24    6/17 at 100.00    BBB    124,700 
1,800     5.875%, 6/01/30    6/17 at 100.00    BBB    1,150,902 
1,740     5.750%, 6/01/34    6/17 at 100.00    BBB    1,037,545 
5,730     5.875%, 6/01/47    6/17 at 100.00    BBB    3,242,378 
    Cincinnati City School District, Hamilton County, Ohio, General Obligation Bonds, Series 2002:             
2,165     5.250%, 6/01/19 – FSA Insured    12/12 at 100.00    AAA    2,327,094 
2,600     5.250%, 6/01/21 – FSA Insured    12/12 at 100.00    AAA    2,744,560 
2,000     5.000%, 12/01/22 – FSA Insured    12/12 at 100.00    AAA    2,074,260 
10,000    Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006,    12/16 at 100.00    AAA    8,749,700 
     4.250%, 12/01/32 – FSA Insured (UB)             
9,850    Ohio Water Development Authority, Solid Waste Disposal Revenue Bonds, Bay Shore Power, Series    3/09 at 102.00    N/R    7,623,802 
     1998A, 5.875%, 9/01/20 (Alternative Minimum Tax)             

46,055    Total Ohio            38,493,041 

    Oklahoma – 3.9% (2.4% of Total Investments)             
1,675    Oklahoma Development Finance Authority, Health System Revenue Bonds, Integris Baptist Medical    8/18 at 100.00    AA–    1,513,832 
     Center, Series 2008B, 5.250%, 8/15/38             
6,040    Oklahoma Development Finance Authority, Revenue Bonds, Saint John Health System, Series 2007,    2/17 at 100.00    AA–    5,008,066 
     5.000%, 2/15/42             
2,000    Oklahoma Municipal Power Authority, Power Supply System Revenue Bonds, Series 2007, 4.500%,    1/17 at 100.00    AA    1,603,440 
     1/01/47 – FGIC Insured             
17,510    Pottawatomie County Home Finance Authority, Oklahoma, Single Family Mortgage Revenue Bonds,    No Opt. Call    AAA    19,438,026 
     Series 1991A, 8.625%, 7/01/10 (ETM)             

27,225    Total Oklahoma            27,563,364 

    Oregon – 0.5% (0.3% of Total Investments)             
3,000    Deschutes County School District 1, Bend-La Pine, Oregon, General Obligation Bonds, Series    6/11 at 100.00    Aa2 (4)    3,311,160 
     2001A, 5.500%, 6/15/18 (Pre-refunded 6/15/11) – FSA Insured             
285    Oregon Housing and Community Services Department, Single Family Mortgage Revenue Bonds, Series    1/14 at 100.00    Aa2    283,404 
     2004H, 5.125%, 1/01/29 (Alternative Minimum Tax)             

3,285    Total Oregon            3,594,564 

    Pennsylvania – 3.9% (2.4% of Total Investments)             
220    Allentown, Pennsylvania, General Obligation Bonds, Series 2003, 5.500%, 10/01/19 – FGIC Insured    10/13 at 100.00    Baa1    240,577 
2,875    Carbon County Industrial Development Authority, Pennsylvania, Resource Recovery Revenue    No Opt. Call    BBB–    2,921,058 
     Refunding Bonds, Panther Creek Partners Project, Series 2000, 6.650%, 5/01/10 (Alternative             
     Minimum Tax)             
1,500    Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2008,    10/16 at 100.00    AA+    1,223,565 
     4.650%, 10/01/31 (Alternative Minimum Tax) (UB)             
2,600    Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2004A, 5.500%, 12/01/31 –    12/14 at 100.00    Aa3    2,642,562 
     AMBAC Insured             
7,800    Philadelphia Gas Works, Pennsylvania, Revenue Bonds, General Ordinance, Series 2008,    8/13 at 100.00    AAA    7,126,002 
     5.000%, 8/01/32 – FSA Insured (UB)             
    Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2002B:             
6,000     5.625%, 8/01/19 (Pre-refunded 8/01/12) – FGIC Insured    8/12 at 100.00    Aa3 (4)    6,880,200 
5,500     5.625%, 8/01/20 (Pre-refunded 8/01/12) – FGIC Insured    8/12 at 100.00    Aa3 (4)    6,306,850 

26,495    Total Pennsylvania            27,340,814 

    Puerto Rico – 4.3% (2.7% of Total Investments)             
2,500    Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A,    7/18 at 100.00    BBB–    2,156,625 
     6.000%, 7/01/44             
5,000    Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,    No Opt. Call    BBB+    408,900 
     0.000%, 7/01/42 – FGIC Insured             
5,000    Puerto Rico Municipal Finance Agency, Series 2002A, 5.000%, 8/01/27 – FSA Insured    8/12 at 100.00    AAA    4,807,400 
1,500    Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding    7/12 at 100.00    BBB–    1,380,885 
     Bonds, Series 2002D, 5.125%, 7/01/20             
    Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:             
50,000     0.000%, 8/01/47 – AMBAC Insured    No Opt. Call    A1    3,454,000 
55,000     0.000%, 8/01/54 – AMBAC Insured    No Opt. Call    A1    2,115,300 
15,000     5.250%, 8/01/57    8/17 at 100.00    A+    12,300,450 
1,500    Puerto Rico, General Obligation and Public Improvement Bonds, Series 2001A, 5.500%, 7/01/29    No Opt. Call    AAA    1,323,945 
3,695    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,    5/12 at 100.00    BBB    2,650,239 
     Series 2002, 5.375%, 5/15/33             

139,195    Total Puerto Rico            30,597,744 

    Rhode Island – 0.4% (0.2% of Total Investments)             
    Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,             
    Series 2002A:             
2,200     6.125%, 6/01/32    6/12 at 100.00    BBB    1,596,936 
1,655     6.250%, 6/01/42    6/12 at 100.00    BBB    1,064,546 

3,855    Total Rhode Island            2,661,482 

    South Carolina – 9.0% (5.5% of Total Investments)             
24,725    Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series    12/12 at 101.00    AA (4)    28,696,822 
     2002, 5.500%, 12/01/22 (Pre-refunded 12/01/12)             
    Horry County School District, South Carolina, General Obligation Bonds, Series 2001A:             
5,840     5.000%, 3/01/20    3/12 at 100.00    Aa1    6,190,517 
5,140     5.000%, 3/01/21    3/12 at 100.00    Aa1    5,377,005 
    Medical University Hospital Authority, South Carolina, FHA-Insured Mortgage Revenue Bonds,             
    Series 2004A:             
5,240     5.250%, 8/15/20 – MBIA Insured    8/14 at 100.00    AA    5,342,180 
3,000     5.250%, 2/15/24 – MBIA Insured    8/14 at 100.00    AA    2,899,740 
13,615    South Carolina Transportation Infrastructure Bank, Junior Lien Revenue Bonds, Series 2001B,    10/11 at 100.00    Baa1 (4)    14,982,354 
     5.125%, 10/01/21 (Pre-refunded 10/01/11) – AMBAC Insured             

57,560    Total South Carolina            63,488,618 

    Tennessee – 0.4% (0.3% of Total Investments)             
3,000    Knox County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue    4/12 at 101.00    A1    3,005,100 
     Bonds, Baptist Health System of East Tennessee Inc., Series 2002, 6.375%, 4/15/22             

    Texas – 16.8% (10.4% of Total Investments)             
535    Alamo Community College District, Bexar County, Texas, Combined Fee Revenue Refunding Bonds,    11/11 at 100.00    AAA    581,577 
     Series 2001, 5.375%, 11/01/16 – FSA Insured             
465    Alamo Community College District, Bexar County, Texas, Combined Fee Revenue Refunding Bonds,    11/11 at 100.00    Aa3 (4)    518,266 
     Series 2001, 5.375%, 11/01/16 (Pre-refunded 11/01/11) – FSA Insured             
11,255    Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric    No Opt. Call    Caa1    7,418,508 
     Company, Series 2001C, 5.750%, 5/01/36 (Mandatory put 11/01/11) (Alternative Minimum Tax)             
5,500    Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue    1/15 at 100.00    AA    3,786,585 
     Bonds, Series 2005, 5.000%, 1/01/45 – FGIC Insured             
5,000    Dallas-Ft. Worth International Airport, Texas, Joint Revenue Refunding and Improvement Bonds,    11/11 at 100.00    AA    5,009,850 
     Series 2001A, 5.625%, 11/01/21 – FGIC Insured (Alternative Minimum Tax)             
2,700    Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Bonds, Series 2001G,    11/11 at 100.00    AA    2,139,939 
     5.250%, 11/15/30 – MBIA Insured             
14,975    Harris County-Houston Sports Authority, Texas, Third Lien Revenue Bonds, Series 2004-A3.,    11/24 at 55.69    AA    1,884,454 
     0.000%, 11/15/34 – MBIA Insured             
22,500    Houston, Texas, Junior Lien Water and Sewerage System Revenue Refunding Bonds, Series 2000B,    12/10 at 100.00    AA (4)    24,257,023 
     5.250%, 12/01/30 (Pre-refunded 12/01/10) – FGIC Insured             
4,590    Houston, Texas, Subordinate Lien Airport System Revenue Bonds, Series 2000A, 5.625%, 7/01/30 –    7/10 at 100.00    AAA    4,119,066 
     FSA Insured (Alternative Minimum Tax)             
6,000    Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation    8/14 at 33.33    AAA    1,352,400 
     Bonds, Series 2006, 0.000%, 8/15/34             
17,655    Matagorda County Navigation District 1, Texas, Revenue Refunding Bonds, Houston Industries    5/09 at 102.00    AA    13,959,985 
     Inc., Series 1998B, 5.150%, 11/01/29 – MBIA Insured             
7,650    Port of Corpus Christi Authority, Nueces County, Texas, Revenue Refunding Bonds, Union Pacific    5/09 at 100.00    BBB    7,409,790 
     Corporation, Series 1992, 5.350%, 11/01/10             
2,000    Sam Rayburn Municipal Power Agency, Texas, Power Supply System Revenue Refunding Bonds, Series    10/12 at 100.00    A3    1,946,380 
     2002A, 5.750%, 10/01/21 – RAAI Insured             
14,680    San Antonio Independent School District, Bexar County, Texas, General Obligation Bonds, Series    8/09 at 100.00    AAA    15,081,204 
     1999, 5.800%, 8/15/29 (Pre-refunded 8/15/09)             
11,300    San Antonio, Texas, Electric and Gas System Revenue Refunding Bonds, New Series 1992, 5.000%,    No Opt. Call    AAA    12,659,164 
     2/01/17 (ETM)             
3,750    Spring Branch Independent School District, Harris County, Texas, Limited Tax Schoolhouse and    2/11 at 100.00    AAA    4,046,775 
     Refunding Bonds, Series 2001, 5.125%, 2/01/23 (Pre-refunded 2/01/11)             
4,375    Tarrant County Cultural & Educational Facilities Financing Corporation, Texas, Revenue Bonds,    11/17 at 100.00    AA–    2,469,163 
     Tarrant County Health Resources, Series 2008, Trust 1197, 9.058%, 11/15/47 (IF)             
    White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,             
    Series 2006:             
9,110     0.000%, 8/15/38    8/15 at 30.30    AAA    1,585,140 
9,110     0.000%, 8/15/39    8/15 at 28.63    AAA    1,496,226 
6,610     0.000%, 8/15/42    8/15 at 24.42    AAA    907,024 
7,110     0.000%, 8/15/43    8/15 at 23.11    AAA    917,119 
5,000    Wichita Falls, Wichita County, Texas, Priority Lien Water and Sewerage System Revenue Bonds,    8/11 at 100.00    AA– (4)    5,480,750 
     Series 2001, 5.000%, 8/01/22 (Pre-refunded 8/01/11) – AMBAC Insured             

171,870    Total Texas            119,026,388 

    Utah – 1.8% (1.1% of Total Investments)             
5,800    Carbon County, Utah, Solid Waste Disposal Revenue Refunding Bonds, Laidlaw/ECDC Project,    2/09 at 100.00    BBB    5,779,932 
     Guaranteed by Allied Waste Industries, Series 1995, 7.500%, 2/01/10 (Alternative Minimum Tax)             
7,155    Utah Associated Municipal Power Systems, Revenue Bonds, Payson Power Project, Series 2008,    4/13 at 100.00    AAA    7,189,272 
     5.000%, 4/01/25 – FSA Insured (UB)             

12,955    Total Utah            12,969,204 

    Virginia – 2.3% (1.4% of Total Investments)             
4,000    Norfolk Airport Authority, Virginia, Airport Revenue Refunding Bonds, Series 2001B, 5.125%,    7/11 at 100.00    AA    3,180,280 
     7/01/31 – FGIC Insured (Alternative Minimum Tax)             
11,040    Suffolk Redevelopment and Housing Authority, Virginia, FNMA Multifamily Housing Revenue    No Opt. Call    Aaa    11,649,960 
     Refunding Bonds, Windsor at Potomac Vista L.P. Project, Series 2001, 4.850%, 7/01/31             
     (Mandatory put 7/01/11)             
665    Virginia Housing Development Authority, Rental Housing Bonds, Series 1999F, 5.000%, 5/01/15    5/09 at 101.00    AA+    672,648 
     (Alternative Minimum Tax)             
    Virginia Resources Authority, Water System Revenue Refunding Bonds, Series 2002:             
500     5.000%, 4/01/18    4/12 at 102.00    AA    539,890 
500     5.000%, 4/01/19    4/12 at 102.00    AA    539,890 

16,705    Total Virginia            16,582,668 

    Washington – 10.6% (6.6% of Total Investments)             
6,750    Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station –    7/12 at 100.00    AAA    7,214,063 
     Nuclear Project 2, Series 2002B, 5.350%, 7/01/18 – FSA Insured             
2,500    Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station –    7/12 at 100.00    Aaa    2,765,075 
     Nuclear Project 2, Series 2002C, 5.750%, 7/01/17 – MBIA Insured             
6,950    Port of Seattle, Washington, Revenue Bonds, Series 2000B, 5.625%, 2/01/24 – MBIA Insured    8/10 at 100.00    AA    6,661,436 
     (Alternative Minimum Tax)             
13,400    Seattle, Washington, Municipal Light and Power Revenue Bonds, Series 2000, 5.400%, 12/01/25    12/10 at 100.00    Aa3    13,867,660 
5,000    Washington State Healthcare Facilities Authority, Revenue Bonds, Providence Health Care    10/16 at 100.00    AA    4,002,550 
     Services, Series 2006A, 4.625%, 10/01/34 – FGIC Insured             
7,440    Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,    6/13 at 100.00    BBB    6,586,558 
     Series 2002, 6.500%, 6/01/26             
18,145    Washington, General Obligation Bonds, Series 2001-02A, 5.000%, 7/01/23 – FSA Insured    7/11 at 100.00    AAA    18,493,928 
    Washington, Motor Vehicle Fuel Tax General Obligation Bonds, Series 2002C:             
7,000     5.000%, 1/01/21 – FSA Insured    1/12 at 100.00    AAA    7,372,120 
7,960     5.000%, 1/01/22 – FSA Insured    1/12 at 100.00    AAA    8,192,512 

75,145    Total Washington            75,155,902 

    Wisconsin – 2.0% (1.2% of Total Investments)             
    Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed             
    Bonds, Series 2002:             
170     6.125%, 6/01/27    6/12 at 100.00    BBB    157,405 
3,380     6.375%, 6/01/32    6/12 at 100.00    BBB    2,745,574 
7,545    La Crosse, Wisconsin, Pollution Control Revenue Refunding Bonds, Dairyland Power Cooperative,    12/09 at 101.00    A2    7,805,529 
     Series 1997A, 5.450%, 9/01/14 – AMBAC Insured             
3,000    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Fort Healthcare Inc.,    5/14 at 100.00    BBB+    2,382,360 
     Series 2004, 5.750%, 5/01/29             
2,100    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan    8/13 at 100.00    BBB+    1,098,510 
     Services Inc., Series 2003A, 5.125%, 8/15/33             

16,195    Total Wisconsin            14,189,378 

    Wyoming – 0.5% (0.3% of Total Investments)             
4,000    Wyoming Municipal Power Agency Power Supply System Revenue Bonds, 2008 Series A,    1/18 at 100.00    A2    3,634,680 
     5.375%, 1/01/42             

$    1,548,281    Total Investments (cost $1,177,152,972) – 161.7%            1,145,857,632 


    Floating Rate Obligations – (4.7)%            (33,160,000)

    Other Assets Less Liabilities – 1.7%            12,464,814 

    Preferred Shares, at Liquidation Value – (58.7)% (5)            (416,375,000)

    Net Assets Applicable to Common Shares – 100%           $   708,787,446 



(1)    All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
    shares unless otherwise noted. 
(2)    Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. 
    There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may 
    be subject to periodic principal paydowns. 
(3)    Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, 
    Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be 
    below investment grade. 
    The Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AGC, AMBAC, CIFG, 
    FGIC, FSA, MBIA, RAAI and SYNCORA as of January 31, 2009. Subsequent to January 31, 2009, and 
    during the period this Portfolio of Investments was prepared, there may have been reductions to the 
    ratings of certain bonds resulting from changes to the ratings of the underlying insurers both during the 
    period and after period end. Such reductions would likely reduce the effective rating of many of the bonds 
    insured by that insurer or insurers presented at period end. 
(4)    Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities 
    which ensure the timely payment of principal and interest. Such investments are normally considered to 
    be equivalent to AAA rated securities. 
(5)    Preferred Shares, at Liquidation Value as a percentage of Total Investments is 36.3%. 
N/R    Not rated. 
(ETM)    Escrowed to maturity. 
(IF)    Inverse floating rate investment. 
(UB)    Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
    provisions of SFAS No. 140. 

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities. 
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, 
              prepayment speeds, credit risk, etc.). 
Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair 
              value of investments). 

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund’s fair value measurements as of January 31, 2009:

    Level 1    Level 2    Level 3    Total 

Investments    $ —    $1,145,857,632    $ —    $1,145,857,632 


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 timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to SFAS No. 140. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At January 31, 2009, the cost of investments was $1,143,390,778.

Gross unrealized appreciation and gross unrealized depreciation of investments at January 31, 2009, were as follows:


Gross unrealized:     
  Appreciation    $ 60,095,446 
  Depreciation    (90,779,161)

Net unrealized appreciation (depreciation) of investments    $(30,683,715)



Item 2. Controls and Procedures.

  1. 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)).
  2. 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: See 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 Quality Income Municipal Fund, Inc.         

By (Signature and Title)          /s/ Kevin J. McCarthy                    
                                                  Kevin J. McCarthy
                                                  Vice President and Secretary

Date         April 1, 2009        

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         April 1, 2009        

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

Date        April 1, 2009        

EX-99.CERT 2 certification1.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Gifford R. Zimmerman, certify that:

  1. I have reviewed this report on Form N-Q of Nuveen Quality Income Municipal Fund, Inc.;
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
  4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
    1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
    2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
    3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
    4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
  5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         April 1, 2009        

        /s/ Gifford R. Zimmerman        
Gifford R. Zimmerman
Chief Administrative Officer
(principal executive officer)



CERTIFICATIONS

I, Stephen D. Foy, certify that:

  1. I have reviewed this report on Form N-Q of Nuveen Quality Income Municipal Fund, Inc.;
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
  4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
    1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
    2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
    3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
    4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
  5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         April 1, 2009        

        /s/ Stephen D. Foy        
Stephen D. Foy 
Vice President and Controller
(principal financial officer)


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