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:            05/31          

Date of reporting period:         08/31/06         

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)             
                           August 31, 2006             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Staples – 4.2% (2.9% 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   $   1,619,368 
3,850     5.500%, 6/01/26    6/15 at 100.00    BBB    3,998,571 
5,425    Total Consumer Staples            5,617,939 
    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    1,052,210 
     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    533,425 
     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–    735,490 
     Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University             
    System, Series 2002, 5.375%, 12/01/21             
490    Rockbridge County Industrial Development Authority, Virginia, Horse Center Revenue Refunding    7/11 at 100.00    B2    492,577 
     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    513,062 
     5.000%, 6/01/18             
2,120    Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher    9/11 at 100.00    AA+    2,198,186 
     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    2,162,640 
     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    1,767,304 
8,920    Total Education and Civic Organizations            9,454,894 
    Health Care – 16.9% (11.7% of Total Investments)             
2,000    Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha    10/12 at 100.00    A2    2,064,800 
     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+    5,204,099 
     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    1,278,787 
     System, Series 2002B, 5.125%, 6/15/33             
1,000    Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Memorial    No Opt. Call    AAA    1,171,680 
     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–    1,585,125 
     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    1,824,870 
     Secours Health System, Series 1996, 6.250%, 8/15/20 – MBIA Insured             
1,500    Manassas Industrial Development Authority, Virginia, Hospital Revenue Bonds, Prince William    4/13 at 100.00    A2    1,562,130 
     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    4,903,283 
     7/01/23 – MBIA Insured             
3,000    Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health    7/12 at 100.00    AAA    3,220,590 
     System, Series 2002A, 5.500%, 7/01/19 – MBIA Insured             
21,350    Total Health Care            22,815,364 
    Housing/Multifamily – 3.4% (2.3% of Total Investments)             
1,435    Arlington County Industrial Development Authority, Virginia, Multifamily Housing Revenue    5/10 at 100.00    Aaa    1,550,733 
     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    495,550 
1,500     7.000%, 6/01/30    6/09 at 102.00    N/R    1,488,630 
1,000    Lynchburg Redevelopment and Housing Authority, Virginia, Vistas GNMA Mortgage-Backed Revenue    4/10 at 102.00    AAA    1,037,560 
     Bonds, Series 2000A, 6.200%, 1/20/40 (Alternative Minimum Tax)             
4,435    Total Housing/Multifamily            4,572,473 
    Housing/Single Family – 2.1% (1.5% of Total Investments)             
340    Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage    6/13 at 100.00    AAA    342,601 
     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    1,035,740 
     7/01/31 – MBIA Insured             
1,500    Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2005C-C2, 4.750%,    1/15 at 100.00    AAA    1,494,375 
     10/01/32 (Alternative Minimum Tax)             
2,840    Total Housing/Single Family            2,872,716 
    Industrials – 1.5% (1.0% of Total Investments)             
2,000    Charles County Industrial Development Authority, Virginia, Solid Waste Disposal Facility    No Opt. Call    BBB    2,032,340 
     Revenue Refunding Bonds, USA Waste of Virginia Inc., Series 1999, 4.875%, 2/01/09 (Alternative             
     Minimum Tax)             
    Long-Term Care – 1.1% (0.8% of Total Investments)             
1,495    Henrico County Economic Development Authority, Virginia, GNMA Mortgage-Backed Securities    7/09 at 102.00    AAA    1,603,388 
     Program Assisted Living Revenue Bonds, Beth Sholom, Series 1999A, 5.900%, 7/20/29             
    Materials – 1.9% (1.3% of Total Investments)             
500    Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue    2/08 at 102.00    B2    501,650 
     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    1,007,210 
     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    1,028,550 
     Facilities Revenue Bonds, Union Camp Corporation, Series 1997, 6.100%, 5/01/27 (Alternative             
     Minimum Tax)             
2,500    Total Materials            2,537,410 
    Tax Obligation/General – 26.7% (18.4% of Total Investments)             
900    Alexandria, Virginia, General Obligation Bonds, Series 2004B, 5.000%, 6/15/13    No Opt. Call    AAA    975,078 
1,500    Arlington County, Virginia, General Obligation Bonds, Series 2006, 5.000%, 8/01/20    8/16 at 100.00    AAA    1,628,790 
    Chesapeake, Virginia, General Obligation Water and Sewerage Bonds, Series 2003B:             
1,880     5.000%, 6/01/21    6/13 at 100.00    AA    1,979,339 
2,060     5.000%, 6/01/23    6/13 at 100.00    AA    2,161,414 
1,355    Harrisonburg, Virginia, General Obligation Bonds, Public Safety and Steam Plant, Series 2002,    7/12 at 101.00    AAA    1,441,530 
     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    1,517,741 
2,105    Loudoun County, Virginia, General Obligation Bonds, Series 2006, 5.000%, 12/01/25    12/16 at 100.00    AAA    2,270,348 
105    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.250%,    5/12 at 100.00    AAA    112,359 
     5/01/22             
1,435    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2005B, 5.000%,    6/15 at 100.00    AAA    1,555,526 
     6/01/18             
1,185    Lynchburg, Virginia, General Obligation Bonds, Series 2004, 5.000%, 6/01/21    6/14 at 100.00    AA    1,260,390 
    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    2,946,975 
1,000     5.000%, 7/01/20    7/13 at 100.00    AA    1,061,000 
1,350    Newport News, Virginia, General Obligation Bonds, Series 2004C, 5.000%, 5/01/16    5/14 at 101.00    AA    1,464,574 
1,400    Northern Mariana Islands, General Obligation Bonds, Series 2000A, 6.000%, 6/01/20 – ACA Insured    6/10 at 100.00    A    1,475,810 
1,280    Portsmouth, Virginia, General Obligation Bonds, Series 2005A, 5.000%, 4/01/15 – MBIA Insured    No Opt. Call    AAA    1,394,982 
1,480    Richmond, Virginia, General Obligation Bonds, Series 2004A, 5.000%, 7/15/21 – FSA Insured    7/14 at 100.00    AAA    1,575,445 
    Richmond, Virginia, General Obligation Bonds, Series 2005A:             
1,500     5.000%, 7/15/17 – FSA Insured    7/15 at 100.00    AAA    1,625,490 
1,715     5.000%, 7/15/20 – FSA Insured    7/15 at 100.00    AAA    1,839,972 
1,430    Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.000%, 10/01/17    10/12 at 101.00    AA    1,531,744 
1,135    Suffolk, Virginia, General Obligation Bonds, Series 2005, 5.000%, 12/01/15    No Opt. Call    Aa2    1,241,996 
2,155    Virginia Beach, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 5/01/15    5/13 at 100.00    AA+    2,308,544 
1,100    Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20    1/16 at 100.00    AA+    1,183,886 
1,425    Virginia Beach, Virginia, General Obligation Public Improvement Bonds, Series 2001, 5.000%,    6/11 at 101.00    AA+    1,505,228 
     6/01/20             
33,655    Total Tax Obligation/General            36,058,161 
    Tax Obligation/Limited – 33.9% (23.3% 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    351,820 
260     5.500%, 7/15/35 – ACA Insured    7/15 at 100.00    A    273,681 
2,400    Commonwealth Transportation Board of Virginia, Federal Highway Reimbursement Anticipation    No Opt. Call    AA    2,624,064 
     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    1,426,765 
     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    1,139,199 
1,350     6.375%, 7/15/17    No Opt. Call    N/R    1,504,859 
500    Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Dinwiddie    2/07 at 102.00    N/R    512,450 
     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    1,079,980 
     2004B, 5.125%, 2/15/16 – MBIA Insured             
1,000    Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Joint Public    5/16 at 100.00    AA+    1,083,990 
     Uses Community Project, Series 2006, 5.000%, 5/15/18             
    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+    2,442,857 
2,165     5.000%, 6/01/22    6/13 at 101.00    AA+    2,291,912 
1,660    Front Royal and Warren County Industrial Development Authority, Virginia, Lease Revenue Bonds,    4/14 at 100.00    AAA    1,770,174 
     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–    1,360,094 
     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    2,071,334 
     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    2,077,180 
     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    275,287 
320     5.250%, 7/01/36    7/12 at 100.00    BBB    330,765 
1,110    Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School    8/13 at 100.00    AAA    1,127,849 
     Facilities, Series 2003B, 4.375%, 8/01/20 – AMBAC Insured             
1,600    Stafford County and Staunton Industrial Development Authority, Virginia, Revenue Bonds,    8/16 at 100.00    AAA    1,712,944 
     Virginia Municipal League and Virginia Association of Counties Finance Program, Series 2006A,             
     5.000%, 8/01/23 – MBIA Insured             
2,000    Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%,    10/10 at 101.00    BBB    2,189,320 
     10/01/24             
1,400    Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A, 5.000%,    5/15 at 100.00    AA    1,491,574 
     5/01/22             
2,000    Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century    2/12 at 100.00    AA+    2,100,440 
     College Program, Series 2002A, 5.000%, 2/01/22             
2,000    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2000B,    8/10 at 101.00    AA+    2,100,260 
     5.000%, 8/01/18             
1,950    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2004C,    No Opt. Call    AA+    2,107,346 
     5.000%, 8/01/13             
1,625    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C,    8/15 at 100.00    AA+    1,761,419 
     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    1,197,392 
3,060     5.500%, 5/01/30 – FSA Insured    5/10 at 101.00    AAA    3,249,995 
1,740    Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series    5/11 at 101.00    AA    1,835,543 
     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+    2,163,760 
     Development Program, Series 2004B, 5.000%, 5/15/15             
42,735    Total Tax Obligation/Limited            45,654,253 
    Transportation – 12.1% (8.4% of Total Investments)             
4,000    Norfolk Airport Authority, Virginia, Airport Revenue Bonds, Series 2001A, 5.125%, 7/01/31 –    7/11 at 100.00    AAA    4,138,520 
     FGIC Insured             
1,000    Norfolk, Virginia, Parking System Revenue Bonds, Series 2005A, 5.000%, 2/01/23 – MBIA Insured    2/15 at 100.00    AAA    1,061,660 
2,500    Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series    No Opt. Call    AAA    2,831,325 
     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    6,208,557 
     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    2,098,580 
     8/01/23             
15,565    Total Transportation            16,338,642 
    U.S. Guaranteed – 15.8% (10.9% of Total Investments) (4)             
3,500    Alexandria Industrial Development Authority, Virginia, Fixed Rate Revenue Bonds, Institute for    10/10 at 101.00    AAA    3,838,170 
     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    824,970 
     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    1,006,132 
200     5.000%, 4/01/27 (Pre-refunded 4/01/12)    4/12 at 100.00    AAA    213,782 
    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    658,686 
2,000     6.125%, 6/15/29 (Pre-refunded 6/15/10)    6/10 at 101.00    AAA    2,195,620 
2,000    Hampton, Virginia, General Obligation Public Improvement Bonds, Series 2000, 6.000%, 2/01/20    2/10 at 102.00    AA (4)    2,190,940 
     (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)    422,006 
800     6.100%, 6/01/32 (Pre-refunded 6/01/12)    6/12 at 101.00    BBB (4)    904,392 
480    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.250%,    5/12 at 100.00    AAA    520,118 
     5/01/22 (Pre-refunded 5/01/12)             
755    Metropolitan District of Columbia Airports Authority, Virginia, Airport System Revenue Bonds,    10/07 at 101.00    Aa3 (4)    777,046 
     Series 1997A, 5.375%, 10/01/23 (Pre-refunded 10/01/07)             
530    Pocahontas Parkway Association, Virginia, Senior Lien Revenue Bonds, Route 895 Connector Toll    8/08 at 102.00    AAA    558,832 
     Road, Series 1998A, 5.500%, 8/15/28 (Pre-refunded 8/15/08)             
2,500    Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,    10/10 at 101.00    AAA    2,678,250 
     5.500%, 10/01/40             
    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)    794,844 
880     5.250%, 7/01/36 (Pre-refunded 7/01/12)    7/12 at 100.00    BBB (4)    951,650 
1,035    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2000,    7/10 at 100.00    AAA    1,083,800 
     5.750%, 7/01/20 (Pre-refunded 7/01/10)             
1,000    Virginia College Building Authority, Educational Facilities Revenue Bonds, Hampton University,    4/10 at 101.00    A+ (4)    1,089,660 
     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    538,805 
     5.625%, 10/01/22 (Pre-refunded 10/01/10)             
19,565    Total U.S. Guaranteed            21,247,703 
    Utilities – 11.7% (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    1,861,076 
1,800     5.250%, 7/15/15 – MBIA Insured    7/13 at 100.00    AAA    1,960,344 
2,775     5.250%, 7/15/23 – MBIA Insured    7/13 at 100.00    AAA    2,984,957 
2,500    Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg    10/12 at 100.00    Baa1    2,791,725 
     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    3,587,885 
     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    778,373 
1,700     5.000%, 1/15/33 – FSA Insured    1/12 at 100.00    AAA    1,757,698 
14,730    Total Utilities            15,722,058 
    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    113,438 
800     5.000%, 4/01/27    4/12 at 100.00    AAA    832,944 
1,770    Henrico County, Virginia, Water and Sewer System Revenue Refunding Bonds, Series 1999, 5.000%,    5/09 at 102.00    AA+    1,837,703 
     5/01/28             
1,000    Loudoun County Sanitation Authority, Virginia, Water and Sewerage System Revenue Bonds, Series    1/15 at 100.00    AA+    1,057,510 
     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    1,377,269 
1,380     5.000%, 11/01/22 – FGIC Insured    11/11 at 100.00    AAA    1,445,729 
2,250    Virginia Beach, Virginia, Storm Water Utility Revenue Bonds, Series 2000, 6.000%, 9/01/24    9/10 at 101.00    Aa3    2,455,560 
8,615    Total Water and Sewer            9,120,153 
$      183,830    Total Investments (cost $186,777,116) – 145.1%            195,647,494 
    Other Assets Less Liabilities – 2.2%            3,018,156 
    Preferred Shares, at Liquidation Value – (47.3)%            (63,800,000) 
    Net Assets Applicable to Common Shares – 100%           $   134,865,650 

(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)    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    Not rated. 
(ETM)    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 August 31, 2006, the cost of investments was $186,500,045.

Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2006, were as follows:

Gross unrealized:     
  Appreciation    $9,264,374 
  Depreciation    (116,925) 
Net unrealized appreciation (depreciation) of investments    $9,147,449 

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         October 27, 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         October 27, 2006        

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

Date        October 27, 2006        

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