X0303 4 2011-01-05 0000899761 NUVEEN NORTH CAROLINA PREMIUM INCOME MUNICIPAL FUND NNC 0000070858 BANK OF AMERICA CORP /DE/ BANK OF AMERICA CORPORATE CENTER 100 N. TRYON STREET CHARLOTTE NC 28255 0 0 1 0 0000728612 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 4 WORLD FINANCIAL CENTER NORTH TOWER NEW YORK NY 10080 0 0 1 0 0001453700 Blue Ridge Investments, L.L.C. 214 N. TRYON STREET CHARLOTTE NC 28255 0 0 1 0 Auction Rate Preferred 2011-01-05 4 J 0 99 D 0 I See Footnote The Auction Rate Preferred Shares ("Shares") reported in Table I represent Shares beneficially owned by Merrill Lynch, Pierce, Fenner & Smith, Inc. ("MLPFS") and Blue Ridge Investors, L.L.C. ("Blue Ridge"). MLPFS is a wholly owned subsidiary of Bank of America Corporation ("Bank of America"). Blue Ridge is a wholly owned subsidiary of Bank of America, N.A. ("BANA") which is a wholly owned subsidiary of Bank of America. The Shares were called for redemption by the issuer at par value. The Shares reported herein represent Bank of America's combined holdings in multiple series of auction rate preferred securities of the issuer, which are treated herein as one class of securities in accordance with the Auction Rate Securities - Global Exemptive Relief no-action letter issued by the Securities and Exchange Commission on September 22, 2008. The disposition relates to CUSIP 67060P209. Bank of America Corporation, By:/s/Michael Didovic, Title: Director 2011-01-20 Merrill Lynch, Pierce, Fenner & Smith Incorporated, By:/s/Lawrence Emerson, Title: Attorney-In-Fact 2011-01-20 Blue Ridge Investments, L.L.C., By:/s/ John Hiebendahl, Title: SVP 2011-01-21