<PAGE>
Nuveen Investments
333 West Wacker Drive
Chicago, IL 60606
October 3, 2000
VIA EDGAR
---------
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: Nuveen Floating Rate Fund (File Nos. 333-85439 and 811-09553)
-------------------------------------------------------------
Filing pursuant to Rule 497(j)
------------------------------
Ladies and Gentlemen:
On behalf of Nuveen Floating Rate Fund (the "Fund"), we are filing, pursuant to
Rule 497(j) under the Securities Act of 1933, as amended (the "1933 Act"), this
letter certifying that the prospectus dated September 28, 2000 for the Fund and
the Statement of Additional Information also dated September 28, 2000 that would
have been filed pursuant to Rule 497(c) of the 1933 Act, do not differ from
those contained in the Fund's Post-Effective Amendment No. 1 which was filed via
EDGAR, on September 28, 2000.
Please contact me at (312) 917-7901 should you have any questions or comments
concerning this filing.
Sincerely,
/s/ Nicholas Dalmaso
Nicholas Dalmaso