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NUVEEN GROWTH AND INCOME STOCK FUND
NUVEEN BALANCED STOCK AND BOND FUND
PROSPECTUS SUPPLEMENT DATED OCTOBER 6, 1997
Participants in eligible employer-sponsored qualified defined contribution
retirement plans may purchase Class A shares of Nuveen Mutual Funds at net
asset value without a sales charge. Eligible plans are those with at least 200
employees and which either (a) make an initial purchase of one or more Nuveen
mutual funds aggregating $1 million or more; or (b) execute a Letter of Intent
to purchase in the aggregate $1 million or more of fund shares. Nuveen will
pay Authorized Dealers a sales commission on such purchases equal to 1% of the
first $2.5 million, plus 0.50% of the next $2.5 million, plus 0.25% of any
amount purchased over $5.0 million.
A contingent deferred sales charge of 1% will be assessed on redemptions
within 18 months of purchase, unless waived. The CDSC will be waived for (i)
partial or complete redemptions in connection with a distribution without
penalty under Section 72(t) of the Code from a retirement plan (a) upon
attaining age 59 1/2; (b) as part of a series of substantially equal periodic
payments; or (c) upon separation from service and attaining age 55; (ii)
partial or complete redemptions in connection with a qualifying loan or
hardship withdrawal; (iii) complete redemptions in connection with termination
of employment, plan termination or transfer to another employer's plan or IRA;
(iv) partial or complete redemptions in connection with death or disability;
(v) redemptions resulting from the return of an excess contribution; (vi)
involuntary redemptions caused by operation of law; (vii) redemptions not
exceeding 12% per year of the value of an account; and (viii) redemptions in
connection with payment of account or plan fees.
