N-Q 1 nq1.htm NPV 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         811-7490         

        Nuveen Virginia Premium Income Municipal 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:            5/31          

Date of reporting period:          2/28/06         

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 Virginia Premium Income Municipal Fund (NPV)
February 28, 2006

        Optional         
Principal        Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Staples – 4.1% (2.8% of Total Investments)             
    Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,             
    Series 2005:             
$          1,575     5.250%, 6/01/19    6/15 at 100.00    BBB    $    1,618,470 
3,850     5.500%, 6/01/26    6/15 at 100.00    BBB    3,969,350 
5,425    Total Consumer Staples            5,587,820 
    Education and Civic Organizations – 7.0% (4.8% of Total Investments)             
1,000    Prince William County Industrial Development Authority, Virginia, Educational Facilities    10/13 at 101.00    A3    1,059,960 
     Revenue Bonds, Catholic Diocese of Arlington, Series 2003, 5.500%, 10/01/33             
500    Prince William County Park Authority, Virginia, Park Facilities Revenue Refunding and    10/09 at 101.00    A3    537,870 
     Improvement Bonds, Series 1999, 6.000%, 10/15/28             
700    Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities    12/12 at 101.00    BBB–    735,945 
     Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University             
     System, Series 2002, 5.375%, 12/01/21             
500    Rockbridge County Industrial Development Authority, Virginia, Horse Center Revenue Refunding    7/11 at 100.00    B2    502,620 
     Bonds, Series 2001C, 6.850%, 7/15/21             
475    The Rector and Visitors of the University of Virginia, General Revenue Bonds, Series 2005,    6/15 at 100.00    AAA    515,826 
     5.000%, 6/01/18             
2,120    Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher    9/11 at 100.00    AA+    2,208,446 
     Education Financing Program, Series 2001A, 5.000%, 9/01/26             
2,000    Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher    No Opt. Call    Aa1    2,165,680 
     Education Financing Program, Series 2004B, 5.000%, 9/01/13             
1,635    Virginia Commonwealth University, Revenue Bonds, Series 2004A, 5.000%, 5/01/17 – AMBAC Insured    5/14 at 101.00    AAA    1,763,593 
8,930    Total Education and Civic Organizations            9,489,940 
    Health Care – 17.2% (11.9% of Total Investments)             
2,000    Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha    10/12 at 100.00    A2    2,065,760 
     Jefferson Hospital, Series 2002, 5.250%, 10/01/35             
4,850    Fairfax County Industrial Development Authority, Virginia, Hospital Revenue Refunding Bonds,    No Opt. Call    AA+    5,248,330 
     Inova Health System, Series 1993A, 5.000%, 8/15/23             
1,250    Fredericksburg Industrial Development Authority, Virginia, Revenue Bonds, MediCorp Health    6/12 at 100.00    A3    1,280,975 
     System, Series 2002B, 5.125%, 6/15/33             
1,000    Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Memorial    No Opt. Call    AAA    1,185,370 
     Regional Medical Center, Series 1995, 6.375%, 8/15/18 – MBIA Insured             
1,500    Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health    11/12 at 100.00    A–    1,581,525 
     System Inc., Series 2002A, 5.600%, 11/15/30             
1,500    Henrico County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Bon    No Opt. Call    AAA    1,842,750 
     Secours Health System, Series 1996, 6.250%, 8/15/20 – MBIA Insured             
1,950    Manassas Industrial Development Authority, Virginia, Hospital Revenue Bonds, Prince William    4/13 at 100.00    A2    2,032,465 
     Hospital, Series 2002, 5.250%, 4/01/33             
4,750    Medical College of Virginia Hospital Authority, General Revenue Bonds, Series 1998, 5.125%,    7/08 at 102.00    AAA    4,929,693 
     7/01/23 – MBIA Insured             
3,000    Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health    7/12 at 100.00    AAA    3,243,570 
     System, Series 2002A, 5.500%, 7/01/19 – MBIA Insured             
21,800    Total Health Care            23,410,438 
    Housing/Multifamily – 4.5% (3.1% of Total Investments)             
1,445    Arlington County Industrial Development Authority, Virginia, Multifamily Housing Revenue    5/10 at 100.00    Aaa    1,516,383 
     Bonds, Patrick Henry Apartments, Series 2000, 6.050%, 11/01/32 (Mandatory put 11/01/20)             
     (Alternative Minimum Tax)             
    Danville Industrial Development Authority, Virginia, Student Housing Revenue Bonds, Collegiate             
    Housing Foundation, Averett College, Series 1999A:             
500     6.875%, 6/01/20    6/09 at 102.00    N/R    495,455 
1,500     7.000%, 6/01/30    6/09 at 102.00    N/R    1,486,815 
1,495    Henrico County Economic Development Authority, Virginia, GNMA Mortgage-Backed Securities    7/09 at 102.00    AAA    1,618,607 
     Program Assisted Living Revenue Bonds, Beth Sholom, Series 1999A, 5.900%, 7/20/29             
1,000    Lynchburg Redevelopment and Housing Authority, Virginia, Vistas GNMA Mortgage-Backed Revenue    4/10 at 102.00    AAA    1,040,330 
     Bonds, Series 2000A, 6.200%, 1/20/40 (Alternative Minimum Tax)             
5,940    Total Housing/Multifamily            6,157,590 
    Housing/Single Family – 1.1% (0.7% of Total Investments)             
345    Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage    6/13 at 100.00    AAA    346,021 
     Revenue Bonds, Series 2003A, 4.875%, 6/01/34 (Alternative Minimum Tax)             
1,000    Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2001H-1, 5.350%,    7/11 at 100.00    AAA    1,033,090 
     7/01/31 – MBIA Insured             
1,345    Total Housing/Single Family            1,379,111 
    Industrials – 1.5% (1.0% of Total Investments)             
2,000    Charles County Industrial Development Authority, Virginia, Solid Waste Disposal Facility    No Opt. Call    BBB    2,037,120 
     Revenue Refunding Bonds, USA Waste of Virginia Inc., Series 1999, 4.875%, 2/01/09 (Alternative             
     Minimum Tax)             
    Materials – 1.9% (1.3% of Total Investments)             
500    Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue    2/08 at 102.00    B2    494,650 
     Refunding Bonds, Nekoosa Packaging Corporation, Series 1998, 5.600%, 12/01/25 (Alternative             
     Minimum Tax) (5)             
1,000    Goochland County Industrial Development Authority, Virginia, Industrial Development Revenue    12/08 at 101.00    B2    998,720 
     Refunding Bonds, Nekoosa Packaging Corporation Project, Series 1998, 5.650%, 12/01/25             
     (Alternative Minimum Tax) (5)             
1,000    Isle of Wight County Industrial Development Authority, Virginia, Solid Waste Disposal    5/07 at 102.00    BBB    1,028,440 
     Facilities Revenue Bonds, Union Camp Corporation, Series 1997, 6.100%, 5/01/27 (Alternative             
     Minimum Tax)             
2,500    Total Materials            2,521,810 
    Tax Obligation/General – 27.3% (18.8% of Total Investments)             
900    Alexandria, Virginia, General Obligation Bonds, Series 2004B, 5.000%, 6/15/13    No Opt. Call    AAA    978,858 
1,400    Arlington County, Virginia, General Obligation Bonds, Series 2005, 5.000%, 5/15/16    5/15 at 100.00    AAA    1,532,678 
    Chesapeake, Virginia, General Obligation Water and Sewerage Bonds, Series 2003B:             
1,880     5.000%, 6/01/21    6/13 at 100.00    AA    1,993,044 
2,060     5.000%, 6/01/23    6/13 at 100.00    AA    2,173,259 
1,355    Harrisonburg, Virginia, General Obligation Bonds, Public Safety and Steam Plant, Series 2002,    7/12 at 101.00    AAA    1,454,172 
     5.000%, 7/15/19 – FGIC Insured             
1,390    Henrico County, Virginia, General Obligation Bonds, Series 2005, 5.000%, 7/15/16    7/15 at 100.00    AAA    1,523,287 
105    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.250%,    5/12 at 100.00    AAA    113,502 
     5/01/22             
1,920    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2005A, 5.000%,    No Opt. Call    AAA    2,096,928 
     7/01/14             
1,435    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2005B, 5.000%,    6/15 at 100.00    AAA    1,564,164 
     6/01/18             
1,185    Lynchburg, Virginia, General Obligation Bonds, Series 2004, 5.000%, 6/01/21    6/14 at 100.00    AA    1,269,728 
    Newport News, Virginia, General Obligation Bonds, General Improvement and Water Projects,             
    Series 2002A:             
2,770     5.000%, 7/01/19    7/13 at 100.00    AA    2,961,850 
1,000     5.000%, 7/01/20    7/13 at 100.00    AA    1,069,260 
1,350    Newport News, Virginia, General Obligation Bonds, Series 2004C, 5.000%, 5/01/16    5/14 at 101.00    AA    1,468,314 
1,400    Northern Mariana Islands, General Obligation Bonds, Series 2000A, 6.000%, 6/01/20 – ACA Insured    6/10 at 100.00    A    1,480,724 
1,000    Portsmouth, Virginia, General Obligation Bonds, Series 2003, 5.000%, 7/01/12 – FSA Insured    No Opt. Call    AAA    1,078,410 
1,280    Portsmouth, Virginia, General Obligation Bonds, Series 2005A, 5.000%, 4/01/15 – MBIA Insured    No Opt. Call    AAA    1,399,680 
1,480    Richmond, Virginia, General Obligation Bonds, Series 2004A, 5.000%, 7/15/21 – FSA Insured    7/14 at 100.00    AAA    1,587,167 
    Richmond, Virginia, General Obligation Bonds, Series 2005A:             
1,500     5.000%, 7/15/17 – FSA Insured    7/15 at 100.00    AAA    1,629,750 
1,715     5.000%, 7/15/20 – FSA Insured    7/15 at 100.00    AAA    1,851,445 
1,430    Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.000%, 10/01/17    10/12 at 101.00    AA    1,537,307 
1,135    Suffolk, Virginia, General Obligation Bonds, Series 2005, 5.000%, 12/01/15    No Opt. Call    Aa2    1,242,984 
2,155    Virginia Beach, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 5/01/15    5/13 at 100.00    AA+    2,320,030 
1,100    Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20    1/16 at 100.00    AA+    1,191,344 
1,425    Virginia Beach, Virginia, General Obligation Public Improvement Bonds, Series 2001, 5.000%,    6/11 at 101.00    AA+    1,519,178 
     6/01/20             
34,370    Total Tax Obligation/General            37,037,063 
    Tax Obligation/Limited – 33.3% (23.0% of Total Investments)             
    Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf             
    Course Project, Series 2005A:             
335     5.250%, 7/15/25 – ACA Insured    7/15 at 100.00    A    354,695 
260     5.500%, 7/15/35 – ACA Insured    7/15 at 100.00    A    275,922 
2,400    Commonwealth Transportation Board of Virginia, Federal Highway Reimbursement Anticipation    No Opt. Call    AA    2,626,416 
     Notes, Series 2005, 5.000%, 9/28/15             
1,340    Culpeper Industrial Development Authority, Virginia, Lease Revenue Bonds, School Facilities    1/15 at 100.00    AAA    1,435,287 
     Project, Series 2005, 5.000%, 1/01/20 – MBIA Insured             
    Cumberland County, Virginia, Certificates of Participation, Series 1997:             
1,075     6.200%, 7/15/12    No Opt. Call    N/R    1,145,681 
1,350     6.375%, 7/15/17    No Opt. Call    N/R    1,505,790 
500    Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Dinwiddie    2/07 at 102.00    N/R    515,765 
     County School Facilities, Series 1997A, 6.000%, 2/01/18             
1,000    Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Series    2/14 at 100.00    AAA    1,083,230 
     2004B, 5.125%, 2/15/16 – MBIA Insured             
    Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Laurel Hill             
    Public Facilities Projects, Series 2003:             
2,260     5.000%, 6/01/14    6/13 at 101.00    AA+    2,447,399 
2,165     5.000%, 6/01/22    6/13 at 101.00    AA+    2,304,361 
1,660    Front Royal and Warren County Industrial Development Authority, Virginia, Lease Revenue Bonds,    4/14 at 100.00    AAA    1,776,698 
     Series 2004B, 5.000%, 4/01/18 – FSA Insured             
1,270    James City County Economic Development Authority, Virginia, Revenue Bonds, County Government    7/15 at 100.00    AA–    1,367,955 
     Projects, Series 2005, 5.000%, 7/15/19             
1,930    Prince William County, Virginia, Certificates of Participation, County Facilities, Series    6/15 at 100.00    Aaa    2,077,220 
     2005, 5.000%, 6/01/18 – AMBAC Insured             
2,000    Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%,    7/12 at 100.00    AAA    2,092,120 
     7/01/32 – FSA Insured             
    Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding             
    Bonds, Series 2002D:             
265     5.250%, 7/01/27    7/12 at 100.00    BBB    278,679 
320     5.250%, 7/01/36    7/12 at 100.00    BBB    336,154 
1,110    Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School    8/13 at 100.00    AAA    1,130,402 
     Facilities, Series 2003B, 4.375%, 8/01/20 – AMBAC Insured             
2,000    Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%,    10/10 at 101.00    BBB    2,222,380 
     10/01/24             
1,400    Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A, 5.000%,    5/15 at 100.00    AA    1,522,822 
     5/01/16             
2,000    Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century    2/12 at 100.00    AA+    2,115,120 
     College Program, Series 2002A, 5.000%, 2/01/22             
2,000    Virginia Public Building Authority, Public Facilities Revenue Bonds, Series 2004B, 5.000%,    No Opt. Call    AA+    2,137,020 
     8/01/11             
2,000    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2000B,    8/10 at 101.00    AA+    2,121,580 
     5.000%, 8/01/18             
1,950    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2004C,    No Opt. Call    AA+    2,107,950 
     5.000%, 8/01/13             
1,625    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C,    8/15 at 100.00    AA+    1,763,336 
     5.000%, 8/01/17             
    Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series             
    2000B:             
1,120     5.500%, 5/01/20 – FSA Insured    5/10 at 101.00    AAA    1,208,592 
3,060     5.500%, 5/01/30 – FSA Insured    5/10 at 101.00    AAA    3,283,839 
1,740    Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series    5/11 at 101.00    AA    1,850,055 
     2002A, 5.000%, 5/01/19             
2,000    Virginia Transportation Board, Transportation Revenue Bonds, U.S. Route 58 Corridor    5/14 at 100.00    AA+    2,167,860 
     Development Program, Series 2004B, 5.000%, 5/15/15             
42,135    Total Tax Obligation/Limited            45,254,328 
    Transportation – 12.3% (8.5% of Total Investments)             
755    Metropolitan District of Columbia Airports Authority, Virginia, Airport System Revenue Bonds,    10/07 at 101.00    Aa3    782,535 
     Series 1997A, 5.375%, 10/01/23             
4,000    Norfolk Airport Authority, Virginia, Airport Revenue Bonds, Series 2001A, 5.125%, 7/01/31 –    7/11 at 100.00    AAA    4,165,440 
     FGIC Insured             
530    Pocahontas Parkway Association, Virginia, Senior Lien Revenue Bonds, Route 895 Connector Toll    8/08 at 102.00    BB–    545,593 
     Road, Series 1998A, 5.500%, 8/15/28             
2,500    Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series    No Opt. Call    AAA    2,854,925 
     2002, 5.250%, 7/15/22 – FGIC Insured             
6,065    Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 1997, 5.600%,    7/07 at 101.00    AAA    6,258,960 
     7/01/27 – MBIA Insured (Alternative Minimum Tax)             
2,000    Virginia Resources Authority, Airports Revolving Fund Revenue Bonds, Series 2001A, 5.250%,    2/11 at 100.00    Aa2    2,119,580 
     8/01/23             
15,850    Total Transportation            16,727,033 
    U.S. Guaranteed – 16.5% (11.4% of Total Investments) (4)             
3,500    Alexandria Industrial Development Authority, Virginia, Fixed Rate Revenue Bonds, Institute for    10/10 at 101.00    AAA    3,883,950 
     Defense Analyses, Series 2000A, 5.900%, 10/01/30 (Pre-refunded 10/01/10) – AMBAC Insured             
750    Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%,    No Opt. Call    AAA    829,448 
     11/01/24 – FSA Insured (ETM)             
    Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002:             
925     5.375%, 4/01/19 (Pre-refunded 4/01/12)    4/12 at 100.00    AAA    1,014,327 
200     5.000%, 4/01/27 (Pre-refunded 4/01/12)    4/12 at 100.00    AAA    215,244 
    Greater Richmond Convention Center Authority, Virginia, Hotel Tax Revenue Bonds, Convention             
    Center Expansion Project, Series 2000:             
600     6.125%, 6/15/25 (Pre-refunded 6/15/10)    6/10 at 101.00    AAA    666,450 
2,000     6.125%, 6/15/29 (Pre-refunded 6/15/10)    6/10 at 101.00    AAA    2,221,500 
2,000    Hampton, Virginia, General Obligation Public Improvement Bonds, Series 2000, 6.000%, 2/01/20    2/10 at 102.00    AA (4)    2,218,440 
     (Pre-refunded 2/01/10)             
    Loudoun County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Loudoun             
    Hospital Center, Series 2002A:             
375     6.000%, 6/01/22 (Pre-refunded 6/01/12)    6/12 at 101.00    BBB (4)    423,015 
800     6.100%, 6/01/32 (Pre-refunded 6/01/12)    6/12 at 101.00    BBB (4)    906,656 
480    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.250%,    5/12 at 100.00    AAA    524,088 
     5/01/22 (Pre-refunded 5/01/12)             
2,500    Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,    10/10 at 101.00    AAA    2,710,025 
     5.500%, 10/01/40 (ETM)             
    Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding             
    Bonds, Series 2002D:             
735     5.250%, 7/01/27 (Pre-refunded 7/01/12)    7/12 at 100.00    BBB (4)    797,754 
880     5.250%, 7/01/36 (Pre-refunded 7/01/12)    7/12 at 100.00    BBB (4)    955,134 
1,215    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2000,    7/10 at 100.00    AAA    1,278,374 
     5.750%, 7/01/20 (Pre-refunded 7/01/10)             
1,955    Rivanna Water and Sewerage Authority, Virginia, Regional Water and Sewerage System Revenue    10/09 at 101.00    AA (4)    2,114,372 
     Bonds, Series 1999, 5.625%, 10/01/29 (Pre-refunded 10/01/09)             
1,000    Virginia College Building Authority, Educational Facilities Revenue Bonds, Hampton University,    4/10 at 101.00    A+ (4)    1,101,770 
     Series 2000, 6.000%, 4/01/20 (Pre-refunded 4/01/10)             
500    Virginia Resources Authority, Clean Water State Revolving Fund Revenue Bonds, Series 1999,    10/10 at 100.00    AAA    545,245 
     5.625%, 10/01/22 (Pre-refunded 10/01/10)             
20,415    Total U.S. Guaranteed            22,405,792 
    Utilities – 11.6% (8.0% of Total Investments)             
    Bristol, Virginia, Utility System Revenue Refunding Bonds, Series 2003:             
1,705     5.250%, 7/15/14 – MBIA Insured    7/13 at 100.00    AAA    1,866,532 
1,800     5.250%, 7/15/15 – MBIA Insured    7/13 at 100.00    AAA    1,969,920 
2,775     5.250%, 7/15/23 – MBIA Insured    7/13 at 100.00    AAA    3,003,688 
2,500    Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg    10/12 at 100.00    A3    2,805,025 
     Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax)             
3,500    Richmond, Virginia, Public Utility Revenue Refunding Bonds, Series 1998A, 5.125%, 1/15/28 –    1/08 at 101.00    AAA    3,617,810 
     FGIC Insured             
    Richmond, Virginia, Public Utility Revenue Refunding Bonds, Series 2002:             
750     5.000%, 1/15/27 – FSA Insured    1/12 at 100.00    AAA    781,538 
1,700     5.000%, 1/15/33 – FSA Insured    1/12 at 100.00    AAA    1,766,997 
14,730    Total Utilities            15,811,510 
    Water and Sewer – 6.8% (4.7% of Total Investments)             
    Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002:             
105     5.375%, 4/01/19    4/12 at 100.00    AAA    114,122 
800     5.000%, 4/01/27    4/12 at 100.00    AAA    836,896 
1,770    Henrico County, Virginia, Water and Sewer System Revenue Refunding Bonds, Series 1999, 5.000%,    5/09 at 102.00    AA+    1,852,995 
     5/01/28             
1,000    Loudoun County Sanitation Authority, Virginia, Water and Sewerage System Revenue Bonds, Series    1/15 at 100.00    AA+    1,062,700 
     2004, 5.000%, 1/01/26             
    Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001:             
1,310     5.000%, 11/01/21 – FGIC Insured    11/11 at 100.00    AAA    1,387,238 
1,380     5.000%, 11/01/22 – FGIC Insured    11/11 at 100.00    AAA    1,461,365 
2,250    Virginia Beach, Virginia, Storm Water Utility Revenue Bonds, Series 2000, 6.000%, 9/01/24    9/10 at 101.00    Aa3    2,487,083 
8,615    Total Water and Sewer            9,202,399 
$      184,055    Total Investments (cost $187,410,470) – 145.1%            197,021,954 
    Other Assets Less Liabilities – 1.9%            2,532,658 
    Preferred Shares, at Liquidation Value – (47.0)%            (63,800,000)
    Net Assets Applicable to Common Shares – 100%            $  135,754,612 

(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 or Moody’s rating. Ratings below BBB by Standard & 
    Poor’s Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade. 
(4)    Investment is 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)    The issuer has received a preliminary adverse determination from the Internal Revenue Service (the “IRS”) 
    regarding the tax-exempt status of the bonds’ coupon payments. The Fund will continue to treat coupon 
    payments as tax-exempt income until such time that it is formally determined that the interest on the bonds 
    should be treated as taxable. 
N/R    Investment is not rated. 
(ETM)    Investment is escrowed to maturity. 

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 treatment of paydown gains and losses, timing differences in recognizing taxable market discount and timing differences in recognizing certain gains and losses on investment transactions.

At February 28, 2006, the cost of investments was $187,159,364.

Gross unrealized appreciation and gross unrealized depreciation of investments at February 28, 2006, were as follows:

Gross unrealized:     
  Appreciation    $10,066,877 
  Depreciation    (204,287) 
Net unrealized appreciation (depreciation) of investments    $ 9,862,590 

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: 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 Virginia Premium Income Municipal Fund        

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

Date         April 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         April 28, 2006        

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

Date        April 28, 2006        

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