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         811-09297         

        Nuveen Dividend Advantage Municipal Fund         
(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:         7/31/07         

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 Dividend Advantage Municipal Fund (NAD)             
    July 31, 2007             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Alabama – 0.3% (0.2% of Total Investments)             
$          1,500    Alabama 21st Century Authority, Tobacco Settlement Revenue Bonds, Series 2000, 5.750%, 12/01/20    6/10 at 102.00    A–   $   1,563,660 
    Alaska – 0.1% (0.1% of Total Investments)             
750    Alaska Housing Finance Corporation, General Housing Purpose Bonds, Series 2005A, 5.250%,    12/14 at 100.00    AAA    786,428 
     12/01/34 – FGIC Insured             
    California – 3.7% (2.4% of Total Investments)             
1,535    Alameda Corridor Transportation Authority, California, Senior Lien Revenue Bonds, Series    No Opt. Call    AAA    357,409 
     1999A, 0.000%, 10/01/37 – MBIA Insured             
5,500    Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public    No Opt. Call    AAA    1,986,105 
     Improvement Project, Series 1997C, 0.000%, 9/01/28 – FSA Insured             
200    California, General Obligation Bonds, Series 1997, 5.000%, 10/01/18 – AMBAC Insured    10/07 at 101.00    AAA    202,286 
    California, General Obligation Bonds, Series 1997:             
2,195     5.000%, 10/01/18 (Pre-refunded 10/01/07) – AMBAC Insured    10/07 at 101.00    AAA    2,221,450 
210     5.000%, 10/01/18 (Pre-refunded 10/01/07) – AMBAC Insured    10/07 at 101.00    AAA    212,531 
5,000    California, General Obligation Bonds, Series 2005, 5.000%, 3/01/31    3/16 at 100.00    A+    5,142,100 
    Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement             
    Asset-Backed Bonds, Series 2007A-1:             
5,000     5.000%, 6/01/33    6/17 at 100.00    BBB    4,666,750 
1,000     5.125%, 6/01/47    6/17 at 100.00    BBB    934,270 
3,500    Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed    No Opt. Call    AAA    1,442,840 
     Revenue Bonds, Series 2005A, 0.000%, 6/01/26 – FSA Insured             
17,000    San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue    No Opt. Call    AAA    4,573,170 
     Refunding Bonds, Series 1997A, 0.000%, 1/15/35 – MBIA Insured             
41,140    Total California            21,738,911 
    Colorado – 2.4% (1.6% of Total Investments)             
3,205    Denver City and County, Colorado, Airport Special Facilities Revenue Bonds, Rental Car    1/09 at 101.00    AAA    3,314,515 
     Projects, Series 1999A, 6.000%, 1/01/12 – MBIA Insured (Alternative Minimum Tax)             
2,950    Denver Convention Center Hotel Authority, Colorado, Senior Revenue Bonds, Convention Center    12/13 at 100.00    Aaa    3,131,248 
     Hotel, Series 2003A, 5.000%, 12/01/22 (Pre-refunded 12/01/13) – XLCA Insured             
1,475    Denver, Colorado, FHA-Insured Multifamily Housing Revenue Bonds, Boston Lofts Project, Series    10/07 at 102.00    AAA    1,493,556 
     1997A, 5.750%, 10/01/27 (Alternative Minimum Tax)             
8,515    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%,    No Opt. Call    AAA    3,643,398 
     9/01/25 – MBIA Insured             
12,500    E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2006A, 0.000%, 9/01/38 –    9/26 at 54.77    AAA    2,648,125 
     MBIA Insured             
28,645    Total Colorado            14,230,842 
    Florida – 10.5% (6.9% of Total Investments)             
1,630    Florida Housing Finance Agency, Housing Revenue Bonds, Mar Lago Village Apartments, Series    12/07 at 102.00    AAA    1,665,925 
     1997F, 5.800%, 12/01/17 – AMBAC Insured (Alternative Minimum Tax)             
15,000    Florida State Board of Education, Public Education Capital Outlay Bonds, Series 2005E,    6/15 at 101.00    AAA    14,515,650 
     4.500%, 6/01/35             
2,500    Marion County Hospital District, Florida, Revenue Bonds, Munroe Regional Medical Center,    10/17 at 100.00    A2    2,479,625 
     Series 2007, 5.000%, 10/01/34             
13,625    Martin County Industrial Development Authority, Florida, Industrial Development Revenue Bonds,    12/07 at 100.00    BB+    13,756,481 
     Indiantown Cogeneration LP, Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax)             
7,370    South Miami Health Facilities Authority, Florida, Revenue Bonds, Baptist Health Systems of    8/17 at 100.00    AA–    7,351,649 
     South Florida, Series 2007, 5.000%, 8/15/42 (UB)             
22,000    South Miami Health Facilities Authority, Florida, Revenue Bonds, Baptist Health Systems of    8/17 at 100.00    AA–    22,068,420 
     South Florida, Series 2007, 5.000%, 8/15/37 (UB)             
62,125    Total Florida            61,837,750 
    Georgia – 1.3% (0.9% of Total Investments)             
4,000    Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2000, 6.000%,    4/10 at 101.00    AA (4)    4,256,600 
     4/01/25 (Pre-refunded 4/01/10)             
880    Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,    5/09 at 101.00    AAA    909,014 
     Northeast Georgia Health Services Inc., Series 1999, 5.500%, 5/15/29 – MBIA Insured             
2,620    Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,    5/09 at 101.00    AAA    2,722,049 
     Northeast Georgia Health Services Inc., Series 1999, 5.500%, 5/15/29 (Pre-refunded 5/15/09) –             
     MBIA Insured             
7,500    Total Georgia            7,887,663 
    Idaho – 0.1% (0.1% of Total Investments)             
195    Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1999E, 5.750%,    7/09 at 101.00    Aa2    197,699 
     1/01/21 (Alternative Minimum Tax)             
220    Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000D, 6.350%,    1/10 at 100.00    Aa2    223,747 
     7/01/22 (Alternative Minimum Tax)             
310    Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000E, 5.950%,    7/10 at 100.00    Aaa    314,855 
     7/01/20 (Alternative Minimum Tax)             
725    Total Idaho            736,301 
    Illinois – 35.0% (22.8% of Total Investments)             
2,875    Channahon, Illinois, Revenue Refunding Bonds, Morris Hospital, Series 1999, 5.750%, 12/01/12    12/09 at 102.00    BBB+    2,959,554 
7,250    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax    No Opt. Call    AAA    8,296,030 
     Revenues, Series 1999A, 5.500%, 12/01/26 – FGIC Insured             
    Chicago, Illinois, FHA/GNMA Multifamily Housing Revenue Bonds, Archer Court Apartments,             
    Series 1999A:             
790     5.500%, 12/20/19 (Alternative Minimum Tax)    10/10 at 101.00    AAA    809,197 
1,210     5.600%, 12/20/29 (Alternative Minimum Tax)    10/10 at 101.00    AAA    1,228,344 
1,925     5.650%, 12/20/40 (Alternative Minimum Tax)    10/10 at 101.00    AAA    1,950,795 
22,750    Chicago, Illinois, General Obligation Refunding Bonds, Emergency Telephone System, Series    No Opt. Call    AAA    25,789,171 
     1999, 5.500%, 1/01/23 – FGIC Insured             
2,620    Chicago, Illinois, Motor Fuel Tax Revenue Refunding Bonds, Series 1993, 5.375%, 1/01/14 –    No Opt. Call    AAA    2,827,399 
     AMBAC Insured             
3,340    Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport,    1/16 at 100.00    AAA    3,438,096 
     Series 2005A, 5.000%, 1/01/33 – FGIC Insured             
190    DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,    11/13 at 100.00    Aaa    201,123 
     Series 2003B, 5.250%, 11/01/20 – FSA Insured             
810    DuPage County Community School District 200, Wheaton, Illinois, General Obligation Bonds,    11/13 at 100.00    Aaa    871,714 
     Series 2003B, 5.250%, 11/01/20 (Pre-refunded 11/01/13) – FSA Insured             
500    Hoffman Estates Park District, Cook County, Illinois, General Obligation Bonds, Series 1999,    12/09 at 102.00    AAA    522,885 
     5.375%, 12/01/29 – MBIA Insured             
3,935    Illinois Development Finance Authority, Local Government Program Revenue Bonds, Lake County    No Opt. Call    Aaa    2,882,702 
     School District 116 – Round Lake, Series 1999, 0.000%, 1/01/15 – MBIA Insured             
24,835    Illinois Development Finance Authority, Revenue Bonds, Presbyterian Home of Lake Forest,    9/07 at 102.00    AAA    25,361,748 
     Series 1999, 5.625%, 9/01/31 – FSA Insured             
5,570    Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2004A, 5.000%, 7/01/34    7/14 at 100.00    Aa1    5,718,775 
17,280    Illinois Health Facilities Authority, Converted Adjustable Rate Revenue Bonds, Highland Park    10/07 at 102.00    AAA    17,685,907 
     Hospital, Series 1991A, 6.000%, 10/01/15 (Pre-refunded 10/01/07) – FGIC Insured             
9,860    Illinois Health Facilities Authority, Remarketed Revenue Bonds, University of Chicago Project,    8/11 at 103.00    Aa1    10,542,016 
     Series 1985A, 5.500%, 8/01/20             
5,400    Illinois Health Facilities Authority, Revenue Bonds, Loyola University Health System, Series    1/08 at 101.00    AAA    5,457,078 
     1997A, 5.000%, 7/01/24 – MBIA Insured             
5,490    Illinois Health Facilities Authority, Revenue Bonds, Sarah Bush Lincoln Health Center, Series    8/07 at 102.00    A    5,567,793 
     1996B, 5.500%, 2/15/16             
1,500    Illinois Housing Development Authority, Housing Finance Bonds, Series 2005E, 4.800%, 1/01/36 –    1/15 at 100.00    AAA    1,494,180 
     FGIC Insured             
11,345    Lake and McHenry Counties Community Unit School District 118, Wauconda, Illinois, General    1/15 at 60.14    Aaa    4,785,548 
     Obligation Bonds, Series 2005B, 0.000%, 1/01/25 – FSA Insured             
3,000    Lombard Public Facilities Corporation, Illinois, First Tier Conference Center and Hotel    1/16 at 100.00    N/R    3,174,180 
     Revenue Bonds, Series 2005A-1, 7.125%, 1/01/36             
22,500    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion    12/09 at 101.00    AAA    23,444,773 
     Project, Series 1999A, 5.500%, 12/15/24 – FGIC Insured             
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place             
    Expansion Project, Series 1996A:             
9,750     0.000%, 12/15/22 – MBIA Insured    No Opt. Call    AAA    4,831,418 
13,000     0.000%, 12/15/23 – MBIA Insured    No Opt. Call    AAA    6,124,820 
    Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties,             
    Illinois, General Obligation Bonds, Series 1999:             
22,650     5.750%, 6/01/19 – FSA Insured    No Opt. Call    AAA    25,861,995 
3,500     5.750%, 6/01/23 – FSA Insured    No Opt. Call    AAA    4,030,180 
1,300    Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 – FGIC Insured    12/14 at 100.00    AAA    1,368,952 
10,000    Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation    No Opt. Call    Aaa    4,915,600 
     Bonds, Series 2006, 0.000%, 1/01/23 – FSA Insured             
4,500    Will County School District 122, New Lenox, Illinois, General Obligation Bonds, Series 2000B,    No Opt. Call    Aaa    2,743,290 
     0.000%, 11/01/18 – FSA Insured             
219,675    Total Illinois            204,885,263 
    Indiana – 4.3% (2.8% of Total Investments)             
8,755    Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Charity Obligated Group,    11/09 at 101.00    AAA    9,153,177 
     Series 1999D, 5.500%, 11/15/24 (Pre-refunded 11/15/09) – MBIA Insured             
8,000    Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Clarian Health Obligated    8/10 at 101.50    AAA    8,479,520 
     Group, Series 2000A, 5.500%, 2/15/26 (Pre-refunded 8/15/10) – MBIA Insured             
3,870    Indiana Housing and Community Development Authority, Single Family Mortgage Revenue Bonds,    1/17 at 100.00    Aaa    3,491,127 
     Series 2007A-1, Drivers 1847, 6.561%, 1/01/15 (Alternative Minimum Tax) (IF)             
4,190    Indianapolis, Indiana, Economic Development Revenue Bonds, Park Tudor Foundation Inc.,    6/09 at 101.00    Aa3 (4)    4,369,919 
     Project, Series 1999, 5.700%, 6/01/24 (Pre-refunded 6/01/09)             
24,815    Total Indiana            25,493,743 
    Iowa – 1.2% (0.8% of Total Investments)             
7,000    Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,    6/15 at 100.00    BBB    7,038,990 
     5.625%, 6/01/46             
    Kansas – 0.8% (0.5% of Total Investments)             
3,825    Wichita, Kansas, Water and Sewerage Utility Revenue Bonds, Series 1999, 4.000%, 10/01/18 –    10/07 at 100.50    AAA    3,753,167 
     FGIC Insured             
1,000    Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds,    12/15 at 100.00    N/R    1,018,010 
     Redevelopment Project Area B, Series 2005, 5.000%, 12/01/20             
4,825    Total Kansas            4,771,177 
    Kentucky – 1.7% (1.1% of Total Investments)             
3,030    Hardin County School District Finance Corporation, Kentucky, School Building Revenue Bonds,    2/10 at 101.00    Aa3 (4)    3,199,619 
     Series 2000, 5.750%, 2/01/20 (Pre-refunded 2/01/10)             
    Kentucky Economic Development Finance Authority, Hospital System Revenue Refunding and             
    Improvement Bonds, Appalachian Regional Healthcare Inc., Series 1997:             
1,850     5.850%, 10/01/17    4/08 at 102.00    BB–    1,868,667 
5,000     5.875%, 10/01/22    4/08 at 102.00    BB–    5,035,650 
9,880    Total Kentucky            10,103,936 
    Louisiana – 5.0% (3.3% of Total Investments)             
2,245    Lafayette, Louisiana, Sales Tax Revenue Bonds, Public Improvements, Series 2000B, 5.625%,    5/10 at 101.50    AAA    2,382,574 
     5/01/25 (Pre-refunded 5/01/10) – FGIC Insured             
1,750    Louisiana Local Government Environmental Facilities and Community Development Authority, GNMA    6/12 at 105.00    Aaa    1,917,038 
     Collateralized Mortgage Revenue Refunding Bonds, Sharlo Apartments, Series 2002A,             
     6.500%, 6/20/37             
5,350    Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series    7/14 at 100.00    AAA    5,565,070 
     2004, 5.250%, 7/01/33 – MBIA Insured             
5,445    Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Series 2006, 4.500%, 5/01/41 –    5/16 at 100.00    Aaa    5,203,623 
     FGIC Insured (UB)             
13,570    Louisiana Transportation Authority, Senior Lien Toll Road Revenue Bonds, Series 2005B, 0.000%,    12/10 at 38.73    AAA    4,466,430 
     12/01/28 – AMBAC Insured             
9,545    Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,    5/11 at 101.00    BBB    9,731,032 
     Series 2001B, 5.500%, 5/15/30             
37,905    Total Louisiana            29,265,767 
    Massachusetts – 1.5% (1.0% of Total Investments)             
1,485    Boston Industrial Development Financing Authority, Massachusetts, Subordinate Revenue Bonds,    9/12 at 102.00    N/R    1,485,312 
     Crosstown Center Project, Series 2002, 8.000%, 9/01/35 (Alternative Minimum Tax)             
4,365    Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Berkshire Health    10/15 at 100.00    AAA    4,578,536 
     System, Series 2005F, 5.000%, 10/01/19 – AGC Insured             
785    Massachusetts Port Authority, Special Facilities Revenue Bonds, US Airways Group Inc., Series    9/07 at 101.00    AAA    801,885 
     1996A, 5.875%, 9/01/23 – MBIA Insured (Alternative Minimum Tax)             
2,000    Massachusetts Turnpike Authority, Metropolitan Highway System Revenue Bonds, Senior Series    1/09 at 100.00    AAA    2,035,320 
     1997A, 5.125%, 1/01/17 – MBIA Insured             
8,635    Total Massachusetts            8,901,053 
    Michigan – 3.6% (2.4% of Total Investments)             
2,435    Detroit, Michigan, Senior Lien Water Supply System Revenue Bonds, Series 2001A, 5.250%,    7/11 at 100.00    AAA    2,562,740 
     7/01/33 (Pre-refunded 7/01/11) – FGIC Insured             
15,255    Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Detroit Medical Center    8/08 at 101.00    BB–    14,718,177 
     Obligated Group, Series 1998A, 5.250%, 8/15/28             
4,000    Wayne County, Michigan, Airport Revenue Bonds, Detroit Metropolitan Wayne County Airport,    12/08 at 101.00    AAA    4,095,040 
     Series 1998A, 5.375%, 12/01/16 – MBIA Insured (Alternative Minimum Tax)             
21,690    Total Michigan            21,375,957 
    Minnesota – 0.2% (0.1% of Total Investments)             
910    Minnesota Housing Finance Agency, Single Family Mortgage Bonds, Series 1998H-1, 5.650%,    1/10 at 101.00    AA+    925,952 
     7/01/31 (Alternative Minimum Tax)             
    Missouri – 2.2% (1.5% of Total Investments)             
    Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds,             
    Series 2004B-1:             
7,000     0.000%, 4/15/27 – AMBAC Insured    No Opt. Call    AAA    2,786,210 
5,000     0.000%, 4/15/29 – AMBAC Insured    No Opt. Call    AAA    1,797,200 
2,185    Missouri Health and Educational Facilities Authority, Revenue Bonds, SSM Healthcare System,    6/11 at 101.00    AAA    2,283,172 
     Series 2001A, 5.250%, 6/01/21 – AMBAC Insured             
    Missouri Health and Educational Facilities Authority, Revenue Bonds, SSM Healthcare System,             
    Series 2001A:             
2,185     5.250%, 6/01/21 (Pre-refunded 6/01/11) – AMBAC Insured    6/11 at 101.00    AAA    2,316,231 
3,670     5.250%, 6/01/28 (Pre-refunded 6/01/11) – AMBAC Insured    6/11 at 101.00    AAA    3,885,025 
20,040    Total Missouri            13,067,838 
    Montana – 0.3% (0.2% of Total Investments)             
905    Montana Board of Housing, Single Family Mortgage Bonds, Series 2000A-2, 6.450%, 6/01/29    12/09 at 100.00    AA+    922,747 
     (Alternative Minimum Tax)             
1,000    Montana Higher Education Student Assistance Corporation, Student Loan Revenue Bonds,    12/09 at 100.00    A2    1,038,710 
     Subordinate Series 1999B, 6.400%, 12/01/32 (Alternative Minimum Tax)             
1,905    Total Montana            1,961,457 
    Nebraska – 0.2% (0.1% of Total Investments)             
1,200    NebHelp Inc., Nebraska, Senior Subordinate Bonds, Student Loan Program, Series 1993A-5A,    No Opt. Call    AAA    1,241,808 
     6.200%, 6/01/13 – MBIA Insured (Alternative Minimum Tax)             
    Nevada – 4.3% (2.8% of Total Investments)             
2,115    Clark County, Nevada, General Obligation Bank Bonds, Southern Nevada Water Authority Loan,    6/11 at 100.00    AAA    2,227,455 
     Series 2001, 5.300%, 6/01/19 (Pre-refunded 6/01/11) – FGIC Insured             
    Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas             
    Monorail Project, First Tier, Series 2000:             
8,000     0.000%, 1/01/19 – AMBAC Insured    No Opt. Call    AAA    4,765,200 
3,000     5.375%, 1/01/40 – AMBAC Insured    1/10 at 100.00    AAA    3,074,550 
15,000    Henderson, Nevada, Healthcare Facility Revenue Refunding Bonds, Catholic Healthcare West,    7/17 at 100.00    A    15,348,600 
     Series 2007B, 5.250%, 7/01/31 (UB)             
28,115    Total Nevada            25,415,805 
    New Hampshire – 0.1% (0.1% of Total Investments)             
860    New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Revenue Bonds,    1/08 at 100.00    Aa2    877,957 
     Series 1995D, 6.550%, 7/01/26 (Alternative Minimum Tax)             
    New Jersey – 5.8% (3.8% of Total Investments)             
700    New Jersey Health Care Facilities Financing Authority, FHA-Insured Mortgage Revenue Bonds,    8/11 at 100.00    AAA    703,920 
     Jersey City Medical Center, Series 2001, 4.800%, 8/01/21 – AMBAC Insured             
1,965    New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2000A,    6/10 at 101.00    AAA    2,017,662 
     6.000%, 6/01/13 – MBIA Insured (Alternative Minimum Tax)             
4,130    New Jersey Transit Corporation, Certificates of Participation, Federal Transit Administration    No Opt. Call    AAA    4,475,144 
     Grants, Series 2002A, 5.500%, 9/15/13 – AMBAC Insured             
4,000    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 1999A,    No Opt. Call    AA–    4,493,720 
     5.750%, 6/15/18             
20,000    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,    No Opt. Call    AAA    7,348,600 
     0.000%, 12/15/28 – AMBAC Insured             
    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,             
    Series 2002:             
9,305     5.750%, 6/01/32 (Pre-refunded 6/01/12)    6/12 at 100.00    AAA    9,960,909 
3,165     6.125%, 6/01/42 (Pre-refunded 6/01/12)    6/12 at 100.00    AAA    3,478,873 
1,365    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,    6/13 at 100.00    AAA    1,565,136 
     Series 2003, 6.750%, 6/01/39 (Pre-refunded 6/01/13)             
44,630    Total New Jersey            34,043,964 
    New Mexico – 0.7% (0.5% of Total Investments)             
4,000    University of New Mexico, FHA-Insured Mortgage Hospital Revenue Bonds, Series 2004, 5.000%,    7/14 at 100.00    AAA    4,116,400 
     7/01/32 – FSA Insured             
    New York – 14.9% (9.7% of Total Investments)             
10    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    8/07 at 101.00    AAA    10,062 
     Services Facilities, Series 1996B, 5.125%, 8/15/21 – MBIA Insured             
2,170    Dormitory Authority of the State of New York, Insured Revenue Bonds, Franciscan Health    1/08 at 102.00    AA    2,215,787 
     Partnership Obligated Group – Frances Shervier Home and Hospital, Series 1997, 5.500%,             
     7/01/17 – RAAI Insured             
7,500    Dormitory Authority of the State of New York, Secured Hospital Revenue Refunding Bonds,    2/08 at 101.50    AAA    7,670,850 
     Wyckoff Heights Medical Center, Series 1998H, 5.300%, 8/15/21 – MBIA Insured             
2,000    Dormitory Authority of the State of New York, Third General Resolution Consolidated Revenue    1/08 at 102.00    AAA    2,053,800 
     Bonds, City University System, Series 1997-1, 5.375%, 7/01/24 (Pre-refunded 1/01/08) –             
     FSA Insured             
5,000    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 1998A,    6/08 at 101.00    AAA    5,116,150 
     5.250%, 12/01/26 (Pre-refunded 6/01/08) – FSA Insured             
    Nassau County, New York, General Obligation Improvement Bonds, Series 1999B:             
4,005     5.250%, 6/01/19 (Pre-refunded 6/01/09) – AMBAC Insured    6/09 at 102.00    AAA    4,193,716 
7,005     5.250%, 6/01/21 (Pre-refunded 6/01/09) – AMBAC Insured    6/09 at 102.00    AAA    7,335,076 
6,000    New York City Industrial Development Agency, New York, American Airlines-JFK International    8/16 at 101.00    B    7,067,100 
     Airport Special Facility Revenue Bonds, Series 2005, 7.750%, 8/01/31 (Alternative Minimum Tax)             
5,000    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    12/14 at 100.00    AAA    5,169,400 
     Bonds, Fiscal Series 2005B, 5.000%, 6/15/36 – FSA Insured             
8,800    New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local    10/14 at 100.00    AAA    9,147,248 
     Government Assistance Corporation, Series 2004A, 5.000%, 10/15/32 – AMBAC Insured             
10,000    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    8/09 at 101.00    AAA    10,497,700 
     Series 2000A, 5.750%, 8/15/24 (Pre-refunded 8/15/09)             
    New York City, New York, General Obligation Bonds, Fiscal Series 1998F:             
1,980     5.250%, 8/01/14 – AMBAC Insured    2/08 at 101.00    AAA    2,012,927 
13,860     5.375%, 8/01/19 – MBIA Insured    2/08 at 101.00    AAA    14,105,461 
    New York City, New York, General Obligation Bonds, Fiscal Series 1998F:             
20     5.250%, 8/01/14 (Pre-refunded 2/01/08) – AMBAC Insured    2/08 at 101.00    Aaa    20,357 
140     5.375%, 8/01/19 (Pre-refunded 2/01/08) – MBIA Insured    2/08 at 101.00    AAA    142,587 
10,000    Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air    12/07 at 102.00    AAA    10,257,000 
     Terminal LLC, Sixth Series 1997, 5.900%, 12/01/17 – MBIA Insured (Alternative Minimum Tax)             
83,490    Total New York            87,015,221 
    North Carolina – 0.7% (0.4% of Total Investments)             
3,830    Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds, DBA    1/15 at 100.00    AA–    3,831,072 
     Carolinas Healthcare System, Series 2005A, 5.000%, 1/15/45             
    Ohio – 4.1% (2.7% of Total Investments)             
2,300    Amherst Exempted Village School District, Ohio, Unlimited Tax General Obligation School    12/11 at 100.00    Aaa    2,416,357 
     Improvement Bonds, Series 2001, 5.125%, 12/01/21 (Pre-refunded 12/01/11) – FGIC Insured             
3,635    Franklin County, Ohio, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Hamilton Creek    1/08 at 100.00    Aa2    3,640,743 
     Apartments Project, Series 1994A, 5.550%, 7/01/24 (Alternative Minimum Tax)             
3,650    Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A,    5/14 at 100.00    AA    3,677,777 
     5.000%, 5/01/30             
12,700    Ohio Water Development Authority, Solid Waste Disposal Revenue Bonds, Bay Shore Power, Series    9/09 at 102.00    N/R    13,127,101 
     1998B, 6.625%, 9/01/20 (Alternative Minimum Tax)             
1,115    Warren County, Ohio, Limited Tax General Obligations, Series 1997, 5.500%, 12/01/17    12/07 at 101.00    Aa2    1,132,082 
23,400    Total Ohio            23,994,060 
    Oregon – 0.4% (0.3% of Total Investments)             
2,355    Portland, Oregon, Downtown Waterfront Urban Renewal and Redevelopment Revenue Bonds, Series    6/10 at 101.00    Aaa    2,477,743 
     2000A, 5.500%, 6/15/20 – AMBAC Insured             
    Pennsylvania – 5.1% (3.3% of Total Investments)             
3,480    Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, West Penn    11/10 at 102.00    AAA    4,112,803 
     Allegheny Health System, Series 2000B, 9.250%, 11/15/22 (Pre-refunded 11/15/10)             
1,425    Carbon County Industrial Development Authority, Pennsylvania, Resource Recovery Revenue    No Opt. Call    BBB–    1,481,273 
     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 96A, 4.650%,    10/16 at 100.00    AA+    1,414,890 
     10/01/31 (Alternative Minimum Tax)             
18,900    Philadelphia Airport System, Pennsylvania, Revenue Bonds, Series 1998A, 5.500%, 6/15/18 – FGIC    6/08 at 102.00    AAA    19,452,823 
     Insured (Alternative Minimum Tax)             
3,205    Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2002B, 5.625%,    8/12 at 100.00    AAA    3,465,278 
     8/01/16 (Pre-refunded 8/01/12) – FGIC Insured             
28,510    Total Pennsylvania            29,927,067 
    Puerto Rico – 2.1% (1.4% of Total Investments)             
12,500    Puerto Rico Housing Finance Authority, Capital Fund Program Revenue Bonds, Series 2003,    No Opt. Call    AA    12,435,000 
     4.500%, 12/01/23             
    Rhode Island – 3.2% (2.1% of Total Investments)             
2,015    Central Falls, Rhode Island, General Obligation School Bonds, Series 1999, 6.250%, 5/15/20 –    5/09 at 102.00    AA    2,121,473 
     RAAI Insured             
3,500    Providence Redevelopment Agency, Rhode Island, Revenue Bonds, Public Safety and Municipal    4/10 at 101.00    Aaa    3,705,275 
     Building Projects, Series 1999A, 5.750%, 4/01/29 (Pre-refunded 4/01/10) – AMBAC Insured             
12,500    Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,    6/12 at 100.00    BBB    13,022,750 
     Series 2002A, 6.125%, 6/01/32             
18,015    Total Rhode Island            18,849,498 
    South Carolina – 0.3% (0.2% of Total Investments)             
1,500    Greenville, South Carolina, Hospital Facilities Revenue Bonds, Series 2001, 5.000%, 5/01/31 –    5/11 at 101.00    AAA    1,528,755 
     AMBAC Insured             
    Tennessee – 2.2% (1.4% of Total Investments)             
6,400    Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 1999D,    3/10 at 101.00    AAA    6,724,416 
     6.000%, 3/01/24 – AMBAC Insured (Alternative Minimum Tax)             
2,425    Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 2001B,    3/11 at 100.00    AAA    2,483,249 
     5.125%, 3/01/26 – FSA Insured             
1,910    Sullivan County Health Educational and Housing Facilities Board, Tennessee, Revenue Bonds,    9/16 at 100.00    BBB+    1,920,180 
     Wellmont Health System, Series 2006C, 5.250%, 9/01/36             
1,500    Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding    11/17 at 100.00    N/R    1,514,970 
     Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/46 (WI/DD,             
     Settling 8/15/07)             
12,235    Total Tennessee            12,642,815 
    Texas – 16.2% (10.5% of Total Investments)             
2,560    Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric    4/13 at 101.00    Baa2    2,870,400 
     Company, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax)             
4,675    Carrollton-Farmers Branch Independent School District, Dallas County, Texas, Unlimited Tax    2/09 at 100.00    AAA    4,832,922 
     School Building Bonds, Series 1999, 6.000%, 2/15/20 (Pre-refunded 2/15/09)             
2,820    Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue    1/15 at 100.00    AAA    2,864,415 
     Bonds, Series 2005, 5.000%, 1/01/45 – FGIC Insured             
    Coppell Independent School District, Dallas County, Texas, Unlimited Tax School Building and             
    Refunding Bonds, Series 1999:             
5,130     0.000%, 8/15/20    8/09 at 52.47    AAA    2,461,323 
7,000     0.000%, 8/15/21    8/09 at 49.48    AAA    3,160,010 
7,345     0.000%, 8/15/23    8/09 at 44.01    AAA    2,948,871 
7,000     0.000%, 8/15/24    8/09 at 41.50    AAA    2,650,340 
7,350     0.000%, 8/15/25    8/09 at 39.14    AAA    2,625,420 
7,000     0.000%, 8/15/26    8/09 at 36.91    AAA    2,357,040 
820    Dallas Area Rapid Transit, Texas, Senior Lien Sales Tax Revenue Bonds, Series 2001, 5.000%,    12/11 at 100.00    AAA    857,761 
     12/01/31 (Pre-refunded 12/01/11) – AMBAC Insured             
    Harris County Health Facilities Development Corporation, Texas, Revenue Bonds, Christus             
    Health, Series 1999A:             
12,240     5.375%, 7/01/24 (Pre-refunded 7/01/09) – MBIA Insured    7/09 at 101.00    AAA    12,719,318 
11,180     5.375%, 7/01/29 (Pre-refunded 7/01/09) – MBIA Insured    7/09 at 101.00    AAA    11,617,809 
2,205    Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series    No Opt. Call    AAA    1,200,182 
     2001A, 0.000%, 11/15/20 – MBIA Insured             
2,500    Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment    No Opt. Call    AAA    836,425 
     Project, Series 2001B, 0.000%, 9/01/30 – AMBAC Insured             
2,500    Jefferson County, Texas, Certificates of Obligation, Series 2000, 6.000%, 8/01/25    8/10 at 100.00    AAA    2,654,700 
     (Pre-refunded 8/01/10) – FSA Insured             
2,000    Laredo, Texas, Sports Venue Sales Tax Revenue Bonds, Series 2001, 5.300%, 3/15/26    3/09 at 100.00    AAA    2,049,300 
     (Pre-refunded 3/15/09) – FGIC Insured             
30,095    Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation    8/12 at 27.94    AAA    6,677,479 
     Bonds, Series 2004, 0.000%, 8/15/34             
9,345    Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation    8/15 at 37.33    AAA    2,345,315 
     Bonds, Series 2005, 0.000%, 8/15/33 – FGIC Insured             
33,160    Leander Independent School District, Williamson and Travis Counties, Texas, General Obligation    8/14 at 26.50    AAA    6,195,283 
     Bonds, Series 2006, 0.000%, 8/15/38             
1,000    San Antonio, Texas, Water System Revenue Bonds, Series 2005, 4.750%, 5/15/37 – MBIA Insured    5/15 at 100.00    AAA    1,000,900 
4,390    Tarrant County Cultural & Educational Facilities Financing Corporation, Revenue Bonds, Series    2/17 at 100.00    Aa3    4,464,235 
     2007, Residuals 1760-3, 7.431%, 2/15/36 (IF)             
10,000    Tarrant County Health Facilities Development Corporation, Texas, Revenue Bonds, Texas Health    2/08 at 102.00    AAA    10,275,100 
     Resources System, Series 1997A, 5.250%, 2/15/17 (Pre-refunded 2/15/08) – MBIA Insured             
7,000    White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,    8/15 at 34.92    AAA    1,640,940 
     Series 2005, 0.000%, 8/15/35             
    Wylie Independent School District, Taylor County, Texas, General Obligation Bonds, Series 2005:             
3,000     0.000%, 8/15/20    8/15 at 78.46    AAA    1,611,420 
3,000     0.000%, 8/15/22    8/15 at 70.77    AAA    1,454,610 
185,315    Total Texas            94,371,518 
    Utah – 0.2% (0.2% of Total Investments)             
    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999C-2, Class II:             
325     5.700%, 7/01/19 (Alternative Minimum Tax)    1/10 at 101.50    Aaa    329,381 
105     5.750%, 7/01/21 (Alternative Minimum Tax)    1/10 at 101.50    AA    106,426 
80    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999D, 5.850%, 7/01/21    7/09 at 101.00    AA    81,173 
     (Alternative Minimum Tax)             
25    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999F, 6.300%, 7/01/21    7/09 at 101.50    Aa2    25,483 
     (Alternative Minimum Tax)             
895    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 2000F-2, Class III, 6.000%,    7/10 at 100.00    AA–    907,458 
     1/01/15 (Alternative Minimum Tax)             
1,430    Total Utah            1,449,921 
    Virginia – 0.4% (0.3% of Total Investments)             
3,395    Virginia Small Business Financing Authority, Industrial Development Water Revenue Bonds,    11/09 at 102.00    N/R    2,328,800 
     S.I.L. Clean Water, LLC Project, Series 1999, 7.250%, 11/01/24 (Alternative Minimum Tax)             
    Washington – 10.8% (7.0% of Total Investments)             
4,000    Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 3, Series    7/13 at 100.00    AAA    4,309,920 
     2003A, 5.500%, 7/01/17 – XLCA Insured             
    Port of Seattle, Washington, Special Facility Revenue Bonds, Terminal 18, Series 1999B:             
1,755     6.000%, 9/01/15 – MBIA Insured (Alternative Minimum Tax)    3/10 at 101.00    AAA    1,846,155 
2,590     6.000%, 9/01/16 – MBIA Insured (Alternative Minimum Tax)    3/10 at 101.00    AAA    2,724,525 
    Port of Seattle, Washington, Special Facility Revenue Bonds, Terminal 18, Series 1999C:             
875     6.000%, 9/01/15 – MBIA Insured (Alternative Minimum Tax)    3/10 at 101.00    AAA    920,448 
1,260     6.000%, 9/01/16 – MBIA Insured (Alternative Minimum Tax)    3/10 at 101.00    AAA    1,325,444 
9,760    Tacoma, Washington, Electric System Revenue Refunding Bonds, Series 2001A, 5.625%, 1/01/21    1/11 at 101.00    AAA    10,412,749 
     (Pre-refunded 1/01/11) – FSA Insured             
6,985    Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,    6/13 at 100.00    BBB    7,477,931 
     Series 2002, 6.500%, 6/01/26             
11,605    Washington, Certificates of Participation, Washington Convention and Trade Center, Series    7/09 at 100.00    AAA    11,906,382 
     1999, 5.250%, 7/01/16 – MBIA Insured             
3,350    Washington, General Obligation Compound Interest Bonds, Series 1999S-2, 0.000%, 1/01/18 –    No Opt. Call    AAA    2,122,393 
     FSA Insured             
    Washington, General Obligation Compound Interest Bonds, Series 1999S-3:             
17,650     0.000%, 1/01/20    No Opt. Call    Aa1    10,010,198 
18,470     0.000%, 1/01/21    No Opt. Call    Aa1    9,968,259 
78,300    Total Washington            63,024,404 
    Wisconsin – 6.9% (4.5% of Total Investments)             
650    Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed    6/12 at 100.00    BBB    684,242 
     Bonds, Series 2002, 6.000%, 6/01/17             
1,690    Green Bay, Wisconsin, Water System Revenue Bonds, Series 2004, 5.000%, 11/01/29 (Pre-refunded    11/14 at 100.00    Aaa    1,807,202 
     11/01/14) – FSA Insured             
560    Green Bay, Wisconsin, Water System Revenue Bonds, Series 2004, 5.000%, 11/01/29 – FSA Insured    11/14 at 100.00    Aaa    579,398 
3,810    La Crosse, Wisconsin, Industrial Development Revenue Refunding Bonds, Dairyland Power    12/08 at 102.00    AAA    3,957,866 
     Cooperative, Series 1997C, 5.550%, 2/01/15 – AMBAC Insured             
    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, FH Healthcare             
    Development Inc., Series 1999:             
8,375     6.250%, 11/15/20 (Pre-refunded 11/15/09)    11/09 at 101.00    N/R (4)    8,892,240 
5,000     6.250%, 11/15/28 (Pre-refunded 11/15/09)    11/09 at 101.00    N/R (4)    5,308,800 
4,180    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Kenosha Hospital and    5/09 at 101.00    A    4,267,571 
     Medical Center Inc., Series 1999, 5.625%, 5/15/29             
12,700    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Health System    8/09 at 101.00    Aaa    13,137,134 
     Corporation, Series 1999, 5.500%, 8/15/25 – AMBAC Insured             
2,200    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan    8/13 at 100.00    A–    2,141,370 
     Services Inc., Series 2003A, 5.125%, 8/15/33             
39,165    Total Wisconsin            40,775,823 
$   1,071,910    Total Investments (cost $853,547,500) – 152.8%            896,920,319 
    Floating Rate Obligations – (5.7)%            (33,200,000) 
    Other Assets Less Liabilities – 3.2%            18,329,616 
    Preferred Shares, at Liquidation Value – (50.3)%            (295,000,000) 
    Net Assets Applicable to Common Shares – 100%           $   587,049,935 

    The Fund may invest in “zero coupon” securities. A zero coupon security does not pay a regular interest 
    coupon to its holders during the life of the security. Tax-exempt income to the holder of the security 
    comes from accretion of the difference between the original purchase price of the security at issuance 
    and the par value of the security at maturity and is effectively paid at maturity. Such securities are 
    included in the portfolio with a 0.00% coupon rate in their description. The market prices of zero 
    coupon securities generally are more volatile than the market prices of securities that pay 
    interest periodically. 
(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. 
N/R    Not rated. 
WI/DD    Purchased on a when-issued or delayed delivery basis. 
(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. 

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, 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.

At July 31, 2007, the cost of investments was $819,227,350.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2007, were as follows:

Gross unrealized:     
  Appreciation    $47,992,518 
  Depreciation    (3,449,718) 
Net unrealized appreciation (depreciation) of investments    $44,542,800 

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 Dividend Advantage Municipal Fund        

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

Date         September 28, 2007        

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         September 28, 2007        

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

Date        September 28, 2007        

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