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)

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:            5/31          

Date of reporting period:         8/31/07         

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 Virginia Premium Income Municipal Fund (NPV)             
    August 31, 2007             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Staples – 3.1% (2.1% of Total Investments)             
$          4,640    Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds,    6/17 at 100.00    BBB   $   4,017,683 
     Series 2007B1, 5.000%, 6/01/47             
    Education and Civic Organizations – 4.8% (3.2% of Total Investments)             
1,000    Prince William County Industrial Development Authority, Virginia, Educational Facilities    10/13 at 101.00    A3    1,025,280 
     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    520,830 
     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–    708,456 
     Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University             
     System, Series 2002, 5.375%, 12/01/21             
2,120    Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher    9/11 at 100.00    AA+    2,157,248 
     Education Financing Program, Series 2001A, 5.000%, 9/01/26             
1,635    Virginia Commonwealth University, Revenue Bonds, Series 2004A, 5.000%, 5/01/17 – AMBAC Insured    5/14 at 101.00    AAA    1,739,395 
5,955    Total Education and Civic Organizations            6,151,209 
    Health Care – 23.2% (15.7% of Total Investments)             
2,000    Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha    10/12 at 100.00    A2    2,007,420 
     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+    5,009,178 
     Inova Health System, Series 1993A, 5.000%, 8/15/23             
1,000    Fredericksburg Economic Development Authority, Virginia, Healthcare Revenue Bonds, Medicorp    No Opt. Call    A3    1,038,650 
     Health System, Series 2007, 5.250%, 6/15/23             
1,250    Fredericksburg Industrial Development Authority, Virginia, Revenue Bonds, MediCorp Health    6/12 at 100.00    A3    1,240,175 
     System, Series 2002B, 5.125%, 6/15/33             
1,000    Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Memorial    No Opt. Call    AAA    1,145,260 
     Regional Medical Center, Series 1995, 6.375%, 8/15/18 – MBIA Insured             
2,300    Harrisonburg Industrial Development Authority, Virginia, Hospital Facilities Revenue Bonds,    8/16 at 100.00    AAA    2,327,255 
     Rockingham Memorial Hospital, Series 2006, 5.000%, 8/15/31 – AMBAC Insured             
1,500    Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health    11/12 at 100.00    A–    1,532,820 
     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    1,766,235 
     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    1,507,485 
     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    4,807,048 
     7/01/23 – MBIA Insured             
3,000    Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health    7/12 at 100.00    AAA    3,138,750 
     System, Series 2002A, 5.500%, 7/01/19 – MBIA Insured             
    Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds,             
    MediCorp Health System, Series 2006:             
2,000     5.250%, 6/15/26    6/16 at 100.00    A3    2,029,360 
1,010     5.250%, 6/15/31    6/16 at 100.00    A3    1,016,272 
1,425    Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds, Winchester    1/17 at 100.00    AA–    1,444,950 
     Medical Center, Series 2007, 5.125%, 1/01/31             
29,085    Total Health Care            30,010,858 
    Housing/Multifamily – 3.5% (2.4% of Total Investments)             
1,415    Arlington County Industrial Development Authority, Virginia, Multifamily Housing Revenue    5/10 at 100.00    Aaa    1,469,534 
     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    520,275 
1,500     7.000%, 6/01/30    6/09 at 102.00    N/R    1,559,430 
1,000    Lynchburg Redevelopment and Housing Authority, Virginia, Vistas GNMA Mortgage-Backed Revenue    4/10 at 102.00    AAA    1,016,540 
     Bonds, Series 2000A, 6.200%, 1/20/40 (Alternative Minimum Tax)             
4,415    Total Housing/Multifamily            4,565,779 
    Housing/Single Family – 7.0% (4.8% of Total Investments)             
335    Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage    6/13 at 100.00    AAA    337,094 
     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    1,019,150 
     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    1,410,540 
     10/01/32 (Alternative Minimum Tax)             
2,740    Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006 D1, 4.900%,    7/15 at 100.00    AAA    2,634,126 
     1/01/33 (Alternative Minimum Tax)             
3,900    Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2007B, 4.750%,    7/16 at 100.00    AAA    3,666,897 
     7/01/32 (Alternative Minimum Tax)             
9,475    Total Housing/Single Family            9,067,807 
    Industrials – 1.5% (1.0% of Total Investments)             
2,000    Charles County Industrial Development Authority, Virginia, Solid Waste Disposal Facility    No Opt. Call    BBB    2,001,280 
     Revenue Refunding Bonds, USA Waste of Virginia Inc., Series 1999, 4.875%, 2/01/09             
     (Alternative Minimum Tax)             
    Long-Term Care – 4.7% (3.2% of Total Investments)             
2,765    Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage    10/17 at 100.00    N/R    2,513,440 
     Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/37             
800    Fairfax County Economic Development Authority, Virginia, Retirement Center Revenue Bonds,    10/16 at 100.00    BBB    701,120 
     Greenspring Village, Series 2006A, 4.875%, 10/01/36             
1,495    Henrico County Economic Development Authority, Virginia, GNMA Mortgage-Backed Securities    7/09 at 102.00    AAA    1,568,449 
     Program Assisted Living Revenue Bonds, Beth Sholom, Series 1999A, 5.900%, 7/20/29             
    Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue             
    Bonds, Westminster Canterbury of Richmond, Series 2006:             
100     5.000%, 10/01/27    10/11 at 103.00    BBB–    92,531 
1,345     5.000%, 10/01/35    No Opt. Call    BBB–    1,204,340 
6,505    Total Long-Term Care            6,079,880 
    Materials – 1.1% (0.7% of Total Investments)             
500    Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue    2/08 at 102.00    B2    463,320 
     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    934,600 
     Refunding Bonds, Nekoosa Packaging Corporation Project, Series 1998, 5.650%, 12/01/25             
     (Alternative Minimum Tax) (5)             
1,500    Total Materials            1,397,920 
    Tax Obligation/General – 21.0% (14.3% of Total Investments)             
1,500    Arlington County, Virginia, General Obligation Bonds, Series 2006, 5.000%, 8/01/20    8/16 at 100.00    AAA    1,589,010 
    Chesapeake, Virginia, General Obligation Water and Sewerage Bonds, Series 2003B:             
1,880     5.000%, 6/01/21    6/13 at 100.00    AA    1,939,032 
2,060     5.000%, 6/01/23    6/13 at 100.00    AA    2,117,309 
1,355    Harrisonburg, Virginia, General Obligation Bonds, Public Safety and Steam Plant, Series 2002,    7/12 at 101.00    AAA    1,410,636 
     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    1,491,164 
2,105    Loudoun County, Virginia, General Obligation Bonds, Series 2006, 5.000%, 12/01/25    12/16 at 100.00    AAA    2,202,440 
105    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A,    5/12 at 100.00    AAA    110,212 
     5.250%, 5/01/22             
1,435    Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2005B,    6/15 at 100.00    AAA    1,517,972 
     5.000%, 6/01/18             
1,185    Lynchburg, Virginia, General Obligation Bonds, Series 2004, 5.000%, 6/01/21    6/14 at 100.00    AA    1,232,507 
1,350    Newport News, Virginia, General Obligation Bonds, Series 2004C, 5.000%, 5/01/16    5/14 at 101.00    AA    1,440,882 
1,280    Portsmouth, Virginia, General Obligation Bonds, Series 2005A, 5.000%, 4/01/15 – MBIA Insured    No Opt. Call    AAA    1,372,493 
1,480    Richmond, Virginia, General Obligation Bonds, Series 2004A, 5.000%, 7/15/21 – FSA Insured    7/14 at 100.00    AAA    1,534,671 
1,500    Richmond, Virginia, General Obligation Bonds, Series 2005A, 5.000%, 7/15/17 – FSA Insured    7/15 at 100.00    AAA    1,597,770 
1,430    Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.000%, 10/01/17    10/12 at 101.00    AA    1,515,099 
1,135    Suffolk, Virginia, General Obligation Bonds, Series 2005, 5.000%, 12/01/15    No Opt. Call    Aa3    1,221,203 
2,155    Virginia Beach, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 5/01/15    5/13 at 100.00    AAA    2,276,283 
1,100    Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20    1/16 at 100.00    AAA    1,155,583 
1,425    Virginia Beach, Virginia, General Obligation Public Improvement Bonds, Series 2001,    6/11 at 101.00    AAA    1,477,882 
     5.000%, 6/01/20             
25,870    Total Tax Obligation/General            27,202,148 
    Tax Obligation/Limited – 30.0% (20.4% 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    329,828 
260     5.500%, 7/15/35 – ACA Insured    7/15 at 100.00    A    257,967 
1,340    Culpeper Industrial Development Authority, Virginia, Lease Revenue Bonds, School Facilities    1/15 at 100.00    AAA    1,386,873 
     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    1,119,871 
1,350     6.375%, 7/15/17    No Opt. Call    N/R    1,480,464 
1,000    Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Series    2/14 at 100.00    AAA    1,056,610 
     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+    1,057,100 
     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+    2,411,782 
2,165     5.000%, 6/01/22    6/13 at 101.00    AA+    2,245,386 
1,660    Front Royal and Warren County Industrial Development Authority, Virginia, Lease Revenue Bonds,    4/14 at 100.00    AAA    1,728,176 
     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    1,329,639 
     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    2,020,845 
     2005, 5.000%, 6/01/18 – AMBAC Insured             
1,185    Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%,    7/12 at 100.00    AAA    1,213,772 
     7/01/32 – FSA Insured             
2,000    Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%,    No Opt. Call    AAA    2,173,160 
     7/01/31 – AMBAC Insured             
5,000    Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A,    No Opt. Call    AAA    805,100 
     0.000%, 7/01/43 – AMBAC Insured             
5,875    Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005C,    No Opt. Call    AAA    2,130,745 
     0.000%, 7/01/28 – AMBAC 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–    270,586 
320     5.250%, 7/01/36    7/12 at 100.00    BBB–    324,403 
1,110    Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School    8/13 at 100.00    AAA    1,111,110 
     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    1,650,448 
     Virginia Municipal League and Virginia Association of Counties Finance Program, Series 2006A,             
     5.000%, 8/01/23 – MBIA Insured             
1,400    Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A,    5/15 at 100.00    AA+    1,452,234 
     5.000%, 5/01/22             
2,000    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2000B,    8/10 at 101.00    AA+    2,074,260 
     5.000%, 8/01/18             
1,625    Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C,    8/15 at 100.00    AA+    1,731,340 
     5.000%, 8/01/17             
    Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program,             
    Series 2000B:             
95     5.500%, 5/01/20 – FSA Insured    5/10 at 101.00    AAA    99,826 
550     5.500%, 5/01/30 – FSA Insured    5/10 at 101.00    AAA    573,601 
1,740    Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series    5/11 at 101.00    AA    1,808,434 
     2002A, 5.000%, 5/01/19             
2,815    Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series    11/16 at 100.00    AAA    2,892,976 
     2006C, 5.000%, 11/01/36             
2,000    Virginia Transportation Board, Transportation Revenue Bonds, U.S. Route 58 Corridor    5/14 at 100.00    AA+    2,129,560 
     Development Program, Series 2004B, 5.000%, 5/15/15             
45,225    Total Tax Obligation/Limited            38,866,096 
    Transportation – 8.6% (5.8% 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    4,056,760 
     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    1,032,150 
2,500    Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series    No Opt. Call    AAA    2,731,450 
     2002, 5.250%, 7/15/22 – FGIC Insured             
1,260    Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 2006, 5.000%,    7/13 at 100.00    AAA    1,263,074 
     7/01/36 – FGIC Insured (Alternative Minimum Tax)             
2,000    Virginia Resources Authority, Airports Revolving Fund Revenue Bonds, Series 2001A,    2/11 at 100.00    Aa2    2,066,760 
     5.250%, 8/01/23             
10,760    Total Transportation            11,150,194 
    U.S. Guaranteed – 21.8% (14.8% of Total Investments) (4)             
3,500    Alexandria Industrial Development Authority, Virginia, Fixed Rate Revenue Bonds, Institute for    10/10 at 101.00    AAA    3,761,520 
     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    797,528 
     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    991,554 
200     5.000%, 4/01/27 (Pre-refunded 4/01/12)    4/12 at 100.00    AAA    211,252 
600    Greater Richmond Convention Center Authority, Virginia, Hotel Tax Revenue Bonds, Convention    6/10 at 101.00    AAA    644,340 
     Center Expansion Project, Series 2000, 6.125%, 6/15/25 (Pre-refunded 6/15/10)             
    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)    414,949 
800     6.100%, 6/01/32 (Pre-refunded 6/01/12)    6/12 at 101.00    BBB (4)    888,680 
755    Metropolitan District of Columbia Airports Authority, Virginia, Airport System Revenue Bonds,    10/07 at 101.00    AA– (4)    763,486 
     Series 1997A, 5.375%, 10/01/23 (Pre-refunded 10/01/07)             
    Newport News, Virginia, General Obligation Bonds, General Improvement and Water Projects,             
    Series 2002A:             
2,770     5.000%, 7/01/19 (Pre-refunded 7/01/13)    7/13 at 100.00    AA (4)    2,946,034 
1,000     5.000%, 7/01/20 (Pre-refunded 7/01/13)    7/13 at 100.00    AA (4)    1,063,550 
815    Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%,    7/12 at 100.00    Aaa    863,867 
     7/01/32 (Pre-refunded 7/01/12) – FSA Insured             
2,500    Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,    10/10 at 101.00    AAA    2,623,475 
     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)    781,783 
880     5.250%, 7/01/36 (Pre-refunded 7/01/12)    7/12 at 100.00    BBB– (4)    936,012 
845    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2000,    7/10 at 100.00    AAA    872,564 
     5.750%, 7/01/20 (Pre-refunded 7/01/10)             
475    Rockbridge County Industrial Development Authority, Virginia, Horse Center Revenue Refunding    7/11 at 105.00    B2 (4)    534,750 
     Bonds, Series 2001C, 6.850%, 7/15/21 (Pre-refunded 7/15/11)             
    Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds,             
    Series 2005:             
1,575     5.250%, 6/01/19 (Pre-refunded 6/01/12)    6/12 at 100.00    AAA    1,638,630 
3,850     5.500%, 6/01/26 (Pre-refunded 6/01/15)    6/15 at 100.00    AAA    4,184,026 
2,000    Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%,    10/10 at 101.00    BBB+ (4)    2,182,920 
     10/01/24 (Pre-refunded 10/01/10)             
1,000    Virginia College Building Authority, Educational Facilities Revenue Bonds, Hampton University,    4/10 at 101.00    A+ (4)    1,066,380 
     Series 2000, 6.000%, 4/01/20 (Pre-refunded 4/01/10)             
26,350    Total U.S. Guaranteed            28,167,300 
    Utilities – 7.3% (4.9% 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    1,832,466 
1,800     5.250%, 7/15/15 – MBIA Insured    7/13 at 100.00    AAA    1,927,818 
2,775     5.250%, 7/15/23 – MBIA Insured    7/13 at 100.00    AAA    2,909,060 
2,500    Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg    10/12 at 100.00    Baa1    2,719,750 
     Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax)             
8,780    Total Utilities            9,389,094 
    Water and Sewer – 9.8% (6.7% 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    111,371 
800     5.000%, 4/01/27    4/12 at 100.00    AAA    812,728 
1,770    Henrico County, Virginia, Water and Sewer System Revenue Refunding Bonds, Series 1999,    5/09 at 102.00    AA+    1,789,966 
     5.000%, 5/01/28             
1,000    Loudoun County Sanitation Authority, Virginia, Water and Sewerage System Revenue Bonds, Series    1/15 at 100.00    AA+    1,029,930 
     2004, 5.000%, 1/01/26             
500    Newport News, Virginia, Water Revenue Bonds, Series 2007, 4.500%, 6/01/34 – FSA Insured    6/17 at 100.00    AAA    478,300 
    Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001:             
1,310     5.000%, 11/01/21 – FGIC Insured    11/11 at 100.00    AAA    1,355,627 
1,380     5.000%, 11/01/22 – FGIC Insured    11/11 at 100.00    AAA    1,411,975 
2,250    Virginia Beach, Virginia, Storm Water Utility Revenue Bonds, Series 2000, 6.000%, 9/01/24    9/10 at 101.00    Aa3    2,399,310 
1,800    Virginia Beach, Virginia, Water and Sewer System Revenue Bonds, Series 2005, 5.000%, 10/01/30    10/15 at 100.00    AA    1,849,914 
1,660    Virginia Resources Authority, Clean Water State Revolving Fund Revenue Bonds, Series 2007,    10/17 at 100.00    AAA    1,479,458 
     Residuals 1006, 4.958%, 10/01/29 (IF)             
12,575    Total Water and Sewer            12,718,579 
$      193,135    Total Investments (cost $188,306,088) – 147.4%            190,785,827 
    Other Assets Less Liabilities – 1.9%            2,450,103 
    Preferred Shares, at Liquidation Value – (49.3)%            (63,800,000) 
    Net Assets Applicable to Common Shares – 100%           $   129,435,930 

Forward Swaps outstanding at August 31, 2007:                         
        Fund            Fixed Rate            Unrealized 
    Notional    Pay/Receive    Floating Rate    Fixed Rate    Payment    Effective    Termination    Appreciation 
Counterparty    Amount    Floating Rate    Index    (Annualized)    Frequency    Date (6)    Date    (Depreciation) 
JPMorgan    $650,000    Pay    3-month USD-LIBOR    5.388%    Semi-Annually    4/25/08    4/25/35    $ (5,555) 
Royal Bank                                 
 of Canada    900,000    Pay    SIFM    4.335%    Quarterly    8/06/08    8/06/37    19,027 
                                $ 13,472 
USD-LIBOR (United States Dollar-London Inter-Bank Offered Rate)                     
SIFM – The daily arithmetic average of the weekly SIFM (Securities Industry and Financial Markets) Municipal Swap Index.             

    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 of Investments with a 0.000% 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. 
(5)    The issuer has received a formal 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. 
(6)    Effective date represents the date on which both the Fund and counterparty commence interest 
    payment accruals on each forward swap contract. 
N/R    Not rated. 
(ETM)    Escrowed to maturity. 
(IF)    Inverse floating rate investment. 

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, 2007, the cost of investments was $187,984,888.

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

Gross unrealized:     
  Appreciation    $ 5,484,807 
  Depreciation    (2,683,868) 
Net unrealized appreciation (depreciation) of investments    $ 2,800,939 

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/ Kevin J. McCarthy                    
                                                    Kevin J. McCarthy
                                                    Vice President and Secretary

Date         October 30, 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         October 30, 2007        

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

Date        October 30, 2007        

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