[NUVEEN LOGO]
Supplement Dated August 17, 2000 to the
Prospectus Dated February 19, 1999
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NUVEEN TAXABLE FUNDS INC.
Nuveen Dividend and Growth Fund
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The Board of Directors of the Nuveen Dividend
and Growth Fund (the "Fund") has recommended
closing the Fund. As of the close of business
on August 31, 2000, the Fund will be closed
to new shareholders. Effective October 31, 2000,
Nuveen will begin taking the necessary steps
to liquidate any remaining open accounts in
the Fund. Any unitholders of Nuveen Defined
Portfolios who had previously elected
reinvestment of Defined Portfolio distributions
into the Fund and who have not returned a
Change Form to Nuveen modifying their
election will be deemed to have elected
to receive future distributions in cash.
EGN-S-D&G 08-00
PLEASE KEEP THIS WITH YOUR PROSPECTUS
FOR FUTURE REFERENCE
