Extension of Introductory Offering Period
Nuveen Balanced Stock and Bond Fund
Nuveen Balanced Municipal and Stock Fund
Due to continuing strong interest, the load-waived Class A introductory
offering period for the Nuveen Balanced Stock and Bond Fund and the
Nuveen Balanced Municipal and Stock Fund has been extended from April
30th to May 30th. Pursuant to SEC regulations, we are notifying you
of this extension because you are a current fund shareholder or are
considering a purchase of fund shares. The introductory offering
period is described more fully in each fund's prospectus.
Thank you for your interest in Nuveen mutual funds.
Prospectus Supplement
April 23, 1997
