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)


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:            10/31          

Date of reporting period:         1/31/07         

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)             
    January 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–   $   1,578,660 
    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    799,223 
     12/01/34 – FGIC Insured             
    California – 2.8% (1.9% of Total Investments)             
1,535    Alameda Corridor Transportation Authority, California, Senior Lien Revenue Bonds, Series    No Opt. Call    AAA    380,542 
     1999A, 0.000%, 10/01/37 – MBIA Insured             
5,500    Anaheim Public Finance Authority, California, Subordinate Lease Revenue Bonds, Public    No Opt. Call    AAA    2,065,305 
     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    203,498 
    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    2,237,495 
210     5.000%, 10/01/18 (Pre-refunded 10/01/07) – AMBAC Insured    10/07 at 101.00    AAA    214,066 
5,000    California, General Obligation Bonds, Series 2005, 5.000%, 3/01/31    3/16 at 100.00    A+    5,247,300 
3,500    Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed    No Opt. Call    AAA    1,480,535 
     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    4,872,880 
     Refunding Bonds, Series 1997A, 0.000%, 1/15/35 – MBIA Insured             
35,140    Total California            16,701,621 
    Colorado – 1.9% (1.3% of Total Investments)             
3,205    Denver City and County, Colorado, Airport Special Facilities Revenue Bonds, Rental Car    1/09 at 101.00    AAA    3,342,655 
     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    3,156,559 
     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    1,509,766 
     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    3,737,744 
     9/01/25 – MBIA Insured             
16,145    Total Colorado            11,746,724 
    Connecticut – 0.5% (0.3% of Total Investments)             
2,700    Connecticut Development Authority, Health Facilities Revenue Refunding Bonds, Alzheimer’s    2/07 at 100.00    N/R    2,718,792 
     Resource Center of Connecticut Inc., Series 1994A, 7.125%, 8/15/14             
    District of Columbia – 0.9% (0.6% of Total Investments)             
5,000    Washington Convention Center Authority, District of Columbia, Senior Lien Dedicated Tax    10/08 at 101.00    AAA    5,174,650 
     Revenue Bonds, Series 1998, 5.250%, 10/01/13 (Pre-refunded 10/01/08) – AMBAC Insured             
    Florida – 7.5% (5.1% of Total Investments)             
1,630    Florida Housing Finance Agency, Housing Revenue Bonds, Mar Lago Village Apartments, Series    12/07 at 102.00    AAA    1,675,640 
     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, 4.500%,    6/15 at 101.00    AAA    14,882,700 
     6/01/35             
14,350    JEA St. John’s River Power Park System, Florida, Revenue Refunding Bonds, Issue 2, Series    10/11 at 100.00    Aa2    15,175,986 
     2002-17, 5.250%, 10/01/13             
13,625    Martin County Industrial Development Authority, Florida, Industrial Development Revenue Bonds,    6/07 at 100.00    BB+    13,768,063 
     Indiantown Cogeneration LP, Series 1994A, 7.875%, 12/15/25 (Alternative Minimum Tax)             
44,605    Total Florida            45,502,389 
    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)    4,297,360 
     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    915,596 
     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    2,745,629 
     Northeast Georgia Health Services Inc., Series 1999, 5.500%, 5/15/29 (Pre-refunded 5/15/09) –             
     MBIA Insured             
7,500    Total Georgia            7,958,585 
    Idaho – 0.1% (0.1% of Total Investments)             
210    Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1999E, 5.750%,    7/09 at 101.00    Aa2    213,114 
     1/01/21 (Alternative Minimum Tax)             
255    Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000D, 6.350%,    1/10 at 100.00    Aa2    261,829 
     7/01/22 (Alternative Minimum Tax)             
400    Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 2000E, 5.950%,    7/10 at 100.00    Aaa    406,648 
     7/01/20 (Alternative Minimum Tax)             
865    Total Idaho            881,591 
    Illinois – 34.3% (23.3% 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+    2,971,945 
7,250    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax    No Opt. Call    AAA    8,514,980 
     Revenues, Series 1999A, 5.500%, 12/01/26 – FGIC Insured             
    Chicago, Illinois, FHA/GNMA Multifamily Housing Revenue Bonds, Archer Court Apartments, Series             
    1999A:             
810     5.500%, 12/20/19 (Alternative Minimum Tax)    10/10 at 101.00    AAA    842,813 
1,210     5.600%, 12/20/29 (Alternative Minimum Tax)    10/10 at 101.00    AAA    1,246,590 
1,925     5.650%, 12/20/40 (Alternative Minimum Tax)    10/10 at 101.00    AAA    1,975,801 
22,750    Chicago, Illinois, General Obligation Refunding Bonds, Emergency Telephone System, Series    No Opt. Call    AAA    26,315,376 
     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    2,848,071 
     AMBAC Insured             
3,340    Chicago, Illinois, Third Lien General Airport Revenue Bonds, O’Hare International Airport,    1/16 at 100.00    AAA    3,500,186 
     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    204,090 
     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    880,057 
     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    527,430 
     5.375%, 12/01/29 – MBIA Insured             
3,935    Illinois Development Finance Authority, Local Government Program Revenue Bonds, Lake County    No Opt. Call    Aaa    2,847,051 
     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    25,557,202 
     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    5,802,603 
17,280    Illinois Health Facilities Authority, Converted Adjustable Rate Revenue Bonds, Highland Park    10/07 at 102.00    AAA    17,883,072 
     Hospital, Series 1991A, 6.000%, 10/01/15 (Pre-refunded 10/01/07) – FGIC Insured             
9,880    Illinois Health Facilities Authority, Remarketed Revenue Bonds, University of Chicago Project,    8/11 at 103.00    Aa1    10,675,142 
     Series 1985A, 5.500%, 8/01/20             
5,400    Illinois Health Facilities Authority, Revenue Bonds, Loyola University Health System, Series    7/07 at 101.00    AAA    5,470,362 
     1997A, 5.000%, 7/01/24 – MBIA Insured             
5,490    Illinois Health Facilities Authority, Revenue Bonds, Sarah Bush Lincoln Health Center, Series    2/07 at 102.00    A    5,604,027 
     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    1,521,150 
     FGIC Insured             
11,345    Lake and McHenry Counties Community Unit School District 118, Wauconda, Illinois, General    1/15 at 60.14    Aaa    4,759,908 
     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    3,223,380 
     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    23,638,275 
     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    4,924,530 
13,000     0.000%, 12/15/23 – MBIA Insured    No Opt. Call    AAA    6,268,730 
    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    26,297,783 
3,500     5.750%, 6/01/23 – FSA Insured    No Opt. Call    AAA    4,147,780 
1,300    Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 – FGIC Insured    12/14 at 100.00    AAA    1,393,379 
10,000    Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation    No Opt. Call    Aaa    5,002,000 
     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    2,735,955 
     0.000%, 11/01/18 – FSA Insured             
219,715    Total Illinois            207,579,668 
    Indiana – 3.7% (2.5% of Total Investments)             
8,755    Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Charity Obligated Group,    11/09 at 101.00    AAA    9,229,609 
     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    8,541,680 
     Group, Series 2000A, 5.500%, 2/15/26 (Pre-refunded 8/15/10) – MBIA Insured             
4,190    Indianapolis, Indiana, Economic Development Revenue Bonds, Park Tudor Foundation Inc.,    6/09 at 101.00    Aa3 (4)    4,410,562 
     Project, Series 1999, 5.700%, 6/01/24 (Pre-refunded 6/01/09)             
20,945    Total Indiana            22,181,851 
    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    7,380,030 
     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 –    4/07 at 101.00    AAA    3,778,106 
     FGIC Insured             
1,000    Wyandotte County-Kansas City Unified Government, Kansas, Sales Tax Special Obligation Bonds,    12/15 at 100.00    N/R    1,035,680 
     Redevelopment Project Area B, Series 2005, 5.000%, 12/01/20             
4,825    Total Kansas            4,813,786 
    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)    3,227,102 
     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–    1,887,241 
5,000     5.875%, 10/01/22    4/08 at 102.00    BB–    5,094,750 
9,880    Total Kentucky            10,209,093 
    Louisiana – 4.9% (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    2,402,015 
     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    1,930,268 
     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    5,667,897 
     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 – FGIC    5/16 at 100.00    AAA    5,309,964 
     Insured (UB)             
13,570    Louisiana Transportation Authority, Senior Lien Toll Road Revenue Bonds, Series 2005B, 0.000%,    12/10 at 38.73    AAA    4,399,801 
     12/01/28 – AMBAC Insured             
9,545    Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,    5/11 at 101.00    BBB    9,991,420 
     Series 2001B, 5.500%, 5/15/30             
37,905    Total Louisiana            29,701,365 
    Massachusetts – 2.7% (1.8% of Total Investments)             
1,485    Boston Industrial Development Financing Authority, Massachusetts, Subordinate Revenue Bonds,    9/12 at 102.00    N/R    1,501,691 
     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    4,618,825 
     System, Series 2005F, 5.000%, 10/01/19 – AGC Insured             
7,000    Massachusetts Port Authority, Special Facilities Revenue Bonds, BOSFUEL Corporation, Series    7/07 at 102.00    AAA    7,179,200 
     1997, 5.500%, 7/01/18 – MBIA Insured (Alternative Minimum Tax)             
785    Massachusetts Port Authority, Special Facilities Revenue Bonds, US Airways Group Inc., Series    3/07 at 102.00    AAA    802,027 
     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    2,041,980 
     1997A, 5.125%, 1/01/17 – MBIA Insured             
15,635    Total Massachusetts            16,143,723 
    Michigan – 3.7% (2.5% of Total Investments)             
2,435    Detroit, Michigan, Senior Lien Water Supply System Revenue Bonds, Series 2001A, 5.250%,    7/11 at 100.00    AAA    2,579,785 
     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–    15,386,040 
     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    4,127,880 
     Series 1998A, 5.375%, 12/01/16 – MBIA Insured (Alternative Minimum Tax)             
21,690    Total Michigan            22,093,705 
    Minnesota – 0.2% (0.1% of Total Investments)             
1,040    Minnesota Housing Finance Agency, Single Family Mortgage Bonds, Series 1998H-1, 5.650%,    1/10 at 101.00    AA+    1,059,874 
     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    2,859,640 
5,000     0.000%, 4/15/29 – AMBAC Insured    No Opt. Call    AAA    1,853,200 
2,185    Missouri Health and Educational Facilities Authority, Revenue Bonds, SSM Healthcare System,    6/11 at 101.00    AAA    2,302,750 
     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    2,331,198 
3,670     5.250%, 6/01/28 (Pre-refunded 6/01/11) – AMBAC Insured    6/11 at 101.00    AAA    3,909,468 
20,040    Total Missouri            13,256,256 
    Montana – 0.3% (0.2% of Total Investments)             
915    Montana Board of Housing, Single Family Mortgage Bonds, Series 2000A-2, 6.450%, 6/01/29    12/09 at 100.00    AA+    934,023 
     (Alternative Minimum Tax)             
1,000    Montana Higher Education Student Assistance Corporation, Student Loan Revenue Bonds,    12/09 at 100.00    A2    1,051,110 
     Subordinate Series 1999B, 6.400%, 12/01/32 (Alternative Minimum Tax)             
1,915    Total Montana            1,985,133 
    Nebraska – 0.2% (0.2% of Total Investments)             
1,300    NebHelp Inc., Nebraska, Senior Subordinate Bonds, Student Loan Program, Series 1993A-5A,    No Opt. Call    AAA    1,349,400 
     6.200%, 6/01/13 – MBIA Insured (Alternative Minimum Tax)             
    Nevada – 1.7% (1.1% of Total Investments)             
2,115    Clark County, Nevada, General Obligation Bank Bonds, Southern Nevada Water Authority Loan,    6/11 at 100.00    AAA    2,242,704 
     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    4,757,040 
3,000     5.375%, 1/01/40 – AMBAC Insured    1/10 at 100.00    AAA    3,097,380 
13,115    Total Nevada            10,097,124 
    New Hampshire – 0.1% (0.1% of Total Investments)             
860    New Hampshire Housing Finance Authority, Single Family Mortgage Acquisition Revenue Bonds,    7/07 at 100.00    Aa2    878,765 
     Series 1995D, 6.550%, 7/01/26 (Alternative Minimum Tax)             
    New Jersey – 6.0% (4.1% of Total Investments)             
920    New Jersey Health Care Facilities Financing Authority, FHA-Insured Mortgage Revenue Bonds,    8/11 at 100.00    AAA    921,472 
     Jersey City Medical Center, Series 2001, 4.800%, 8/01/21 – AMBAC Insured             
2,165    New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Series 2000A,    6/10 at 101.00    AAA    2,196,306 
     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    4,510,951 
     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–    4,581,160 
     5.750%, 6/15/18             
20,000    New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,    No Opt. Call    AAA    7,621,400 
     0.000%, 12/15/28 – AMBAC Insured             
    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,             
    Series 2002:             
10,480     5.750%, 6/01/32 (Pre-refunded 6/01/12)    6/12 at 100.00    BBB (4)    11,183,837 
3,165     6.125%, 6/01/42 (Pre-refunded 6/01/12)    6/12 at 100.00    BBB (4)    3,508,972 
1,365    Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,    6/13 at 100.00    BBB (4)    1,583,441 
     Series 2003, 6.750%, 6/01/39 (Pre-refunded 6/01/13)             
46,225    Total New Jersey            36,107,539 
    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    4,174,760 
     7/01/32 – FSA Insured             
    New York – 15.3% (10.4% of Total Investments)             
80    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    2/08 at 100.00    AAA    80,878 
     Services Facilities, Series 1996B, 5.125%, 8/15/21 – MBIA Insured             
4,600    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    2/07 at 102.00    AAA    4,697,152 
     Services Facilities, Series 1996E, 5.250%, 2/15/18 – AMBAC Insured             
2,170    Dormitory Authority of the State of New York, Insured Revenue Bonds, Franciscan Health    7/07 at 102.00    AA    2,226,138 
     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    7,728,825 
     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    2,070,280 
     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    5,155,550 
     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    4,221,871 
7,005     5.250%, 6/01/21 (Pre-refunded 6/01/09) – AMBAC Insured    6/09 at 102.00    AAA    7,384,321 
6,000    New York City Industrial Development Agency, New York, American Airlines-JFK International    8/16 at 101.00    B    7,374,360 
     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    5,250,150 
     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    9,273,616 
     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    10,592,100 
     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    2,025,599 
13,860     5.375%, 8/01/19 – MBIA Insured    2/08 at 101.00    AAA    14,218,974 
    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    20,509 
140     5.375%, 8/01/19 (Pre-refunded 2/01/08) – MBIA Insured    2/08 at 101.00    AAA    143,735 
10,000    Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air    12/07 at 102.00    AAA    10,355,900 
     Terminal LLC, Sixth Series 1997, 5.900%, 12/01/17 – MBIA Insured (Alternative Minimum Tax)             
88,160    Total New York            92,819,958 
    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    3,963,284 
     Carolinas Healthcare System, Series 2005A, 5.000%, 1/15/45             
    Ohio – 4.0% (2.7% of Total Investments)             
2,300    Amherst Exempted Village School District, Ohio, Unlimited Tax General Obligation School    12/11 at 100.00    Aaa    2,439,012 
     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    7/07 at 101.00    Aa2    3,659,682 
     Apartments Project, Series 1994A, 5.550%, 7/01/24 (Alternative Minimum Tax)             
3,650    Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A, 5.000%,    5/14 at 100.00    AA    3,778,699 
     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    13,148,310 
     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    1,141,336 
23,400    Total Ohio            24,167,039 
    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    2,499,314 
     2000A, 5.500%, 6/15/20 – AMBAC Insured             
    Pennsylvania – 5.1% (3.4% of Total Investments)             
3,480    Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, West Penn    11/10 at 102.00    Ba3    4,128,463 
     Allegheny Health System, Series 2000B, 9.250%, 11/15/22             
1,710    Carbon County Industrial Development Authority, Pennsylvania, Resource Recovery Revenue    No Opt. Call    BBB–    1,783,188 
     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+    1,490,115 
     10/01/31 (Alternative Minimum Tax)             
18,900    Philadelphia Airport System, Pennsylvania, Revenue Refunding Bonds, Series 1998A, 5.500%,    6/08 at 102.00    AAA    19,597,032 
     6/15/18 – FGIC Insured (Alternative Minimum Tax)             
3,205    Philadelphia School District, Pennsylvania, General Obligation Bonds, Series 2002B, 5.625%,    8/12 at 100.00    AAA    3,498,674 
     8/01/16 (Pre-refunded 8/01/12) – FGIC Insured             
28,795    Total Pennsylvania            30,497,472 
    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    12,561,375 
     4.500%, 12/01/23             
    Rhode Island – 3.2% (2.2% 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    2,145,995 
     RAAI Insured             
3,500    Providence Redevelopment Agency, Rhode Island, Revenue Bonds, Public Safety and Municipal    4/10 at 101.00    Aaa    3,737,545 
     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    13,364,125 
     Series 2002A, 6.125%, 6/01/32             
18,015    Total Rhode Island            19,247,665 
    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    1,544,865 
     AMBAC Insured             
    Tennessee – 1.9% (1.3% of Total Investments)             
6,400    Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 1999D,    3/10 at 101.00    AAA    6,800,256 
     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    2,508,008 
     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+    1,993,219 
     Wellmont Health System, Series 2006C, 5.250%, 9/01/36             
115    Tennessee Housing Development Agency, Homeownership Program Bonds, Series 2000-2B, 6.250%,    7/10 at 100.00    AA    117,256 
     1/01/20 (Alternative Minimum Tax)             
10,850    Total Tennessee            11,418,739 
    Texas – 15.3% (10.4% of Total Investments)             
1,000    Alliance Airport Authority, Texas, Special Facilities Revenue Bonds, American Airlines Inc.,    6/07 at 100.00    CCC+    1,020,200 
     Series 1990, 7.500%, 12/01/29 (Alternative Minimum Tax)             
2,560    Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric    4/13 at 101.00    Baa2    2,974,822 
     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    4,882,804 
     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    2,913,878 
     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    2,406,740 
7,000     0.000%, 8/15/21    8/09 at 49.48    AAA    3,094,350 
7,345     0.000%, 8/15/23    8/09 at 44.01    AAA    2,887,540 
7,000     0.000%, 8/15/24    8/09 at 41.50    AAA    2,595,250 
7,350     0.000%, 8/15/25    8/09 at 39.14    AAA    2,568,531 
7,000     0.000%, 8/15/26    8/09 at 36.91    AAA    2,305,800 
820    Dallas Area Rapid Transit, Texas, Senior Lien Sales Tax Revenue Bonds, Series 2001, 5.000%,    12/11 at 100.00    AAA    844,584 
     12/01/31 – 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    12,788,107 
11,180     5.375%, 7/01/29 (Pre-refunded 7/01/09) – MBIA Insured    7/09 at 101.00    AAA    11,680,640 
2,205    Harris County-Houston Sports Authority, Texas, Senior Lien Revenue Refunding Bonds, Series    No Opt. Call    AAA    1,213,235 
     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    865,250 
     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    2,682,475 
     (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    2,064,040 
     (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    6,565,525 
     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    2,340,268 
     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    6,164,444 
     Bonds, Series 2006, 0.000%, 8/15/38             
1,500    Port Arthur, Texas, Jefferson County, General Obligation Bonds, Series 1997, 5.000%, 2/15/21    2/07 at 100.00    AAA    1,500,750 
     (Pre-refunded 2/15/07) – MBIA Insured             
1,000    San Antonio, Texas, Water System Revenue Bonds, Series 2005, 4.750%, 5/15/37 – MBIA Insured    5/15 at 100.00    AAA    1,017,420 
10,000    Tarrant County Health Facilities Development Corporation, Texas, Revenue Bonds, Texas Health    2/08 at 102.00    AAA    10,325,000 
     Resources System, Series 1997A, 5.250%, 2/15/17 – MBIA Insured             
7,000    White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,    8/15 at 34.92    AAA    1,637,230 
     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    1,611,090 
3,000     0.000%, 8/15/22    8/15 at 70.77    AAA    1,453,170 
183,425    Total Texas            92,403,143 
    Utah – 0.3% (0.2% of Total Investments)             
    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999C-2, Class II:             
360     5.700%, 7/01/19 (Alternative Minimum Tax)    1/10 at 101.50    AAA    365,180 
120     5.750%, 7/01/21 (Alternative Minimum Tax)    1/10 at 101.50    AA    125,014 
100    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999D, 5.850%, 7/01/21    7/09 at 101.00    AA    101,562 
     (Alternative Minimum Tax)             
40    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1999F, 6.300%, 7/01/21    7/09 at 101.50    Aa2    40,814 
     (Alternative Minimum Tax)             
1,020    Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 2000F-2, Class III, 6.000%,    7/10 at 100.00    AA–    1,042,471 
     1/01/15 (Alternative Minimum Tax)             
1,640    Total Utah            1,675,041 
    Virginia – 0.6% (0.4% of Total Investments)             
3,395    Virginia Small Business Financing Authority, Industrial Development Water Revenue Bonds,    11/09 at 102.00    N/R    3,361,084 
     S.I.L. Clean Water, LLC Project, Series 1999, 7.250%, 11/01/24 (Alternative Minimum Tax)             
    Washington – 11.4% (7.7% of Total Investments)             
4,000    Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 3, Series    7/13 at 100.00    AAA    4,328,240 
     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    1,867,390 
2,590     6.000%, 9/01/16 – MBIA Insured (Alternative Minimum Tax)    3/10 at 101.00    AAA    2,755,864 
    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    931,035 
1,260     6.000%, 9/01/16 – MBIA Insured (Alternative Minimum Tax)    3/10 at 101.00    AAA    1,340,690 
9,760    Tacoma, Washington, Electric System Revenue Refunding Bonds, Series 2001A, 5.625%, 1/01/21    1/11 at 101.00    AAA    10,495,611 
     (Pre-refunded 1/01/11) – FSA Insured             
4,800    Washington Public Power Supply System, Revenue Refunding Bonds, Nuclear Project 3, Series    7/07 at 102.00    AAA    4,922,736 
     1997A, 5.250%, 7/01/16 – FSA Insured             
7,145    Washington State Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds,    6/13 at 100.00    BBB    7,843,924 
     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    11,973,459 
     1999, 5.250%, 7/01/16 – MBIA Insured             
3,350    Washington, General Obligation Compound Interest Bonds, Series 1999S-2, 0.000%, 1/01/18 – FSA    No Opt. Call    AAA    2,112,175 
     Insured             
    Washington, General Obligation Compound Interest Bonds, Series 1999S-3:             
17,650     0.000%, 1/01/20    No Opt. Call    Aa1    10,072,679 
18,470     0.000%, 1/01/21    No Opt. Call    Aa1    10,065,227 
83,260    Total Washington            68,709,030 
    Wisconsin – 6.7% (4.6% of Total Investments)             
1,690    Green Bay, Wisconsin, Water System Revenue Bonds, Series 2004, 5.000%, 11/01/29 (Pre-refunded    11/14 at 100.00    Aaa    1,821,178 
     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    588,017 
3,810    La Crosse, Wisconsin, Industrial Development Revenue Refunding Bonds, Dairyland Power    12/08 at 102.00    AAA    3,995,395 
     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)    8,993,661 
5,000     6.250%, 11/15/28 (Pre-refunded 11/15/09)    11/09 at 101.00    N/R (4)    5,369,350 
4,180    Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Kenosha Hospital and    5/09 at 101.00    A    4,312,172 
     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    13,256,133 
     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–    2,250,820 
     Services Inc., Series 2003A, 5.125%, 8/15/33             
38,515    Total Wisconsin            40,586,726 
$   1,039,935    Total Long-Term Investments (cost $826,875,708) – 147.1%            887,529,042 
    Short-Term Investments – 0.4% (0.3% of Total Investments)             
$          2,500    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue        A-1+    2,500,000 
     Bonds, Variable Rate Demand Obligations, Fiscal Series 1993C, 3.650%, 6/15/22 – FGIC Insured (5)             
    Total Short-Term Investments (cost $2,500,000)            2,500,000 
    Total Investments (cost $829,375,708) – 147.5%            890,029,042 
    Floating Rate Obligations – (0.6)%            (3,630,000) 
    Other Assets Less Liabilities – 2.0%            11,807,440 
    Preferred Shares, at Liquidation Value – (48.9)%            (295,000,000) 
    Net Assets Applicable to Common Shares – 100%           $   603,206,482 

(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)    Investment has a maturity of more than one year, but has variable rate and demand features which 
    qualify it as a short-term investment. The rate disclosed is that in effect at the end of the reporting 
    period. This rate changes periodically based on market conditions or a specified market index. 
N/R    Not rated. 
(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 January 31, 2007, the cost of investments was $824,510,081.

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

Gross unrealized:     
  Appreciation    $62,245,500 
  Depreciation    (356,539) 
Net unrealized appreciation (depreciation) of investments    $61,888,961 

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/ Jessica R. Droeger                     
                                                    Jessica R. Droeger
                                                    Vice President and Secretary

Date         March 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         March 30, 2007        

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

Date        March 30, 2007        

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