NUVEEN MUNICIPAL VALUE FUND INC
NSAR-B, 1996-12-27
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<PAGE>      PAGE  1
000 B000000 10/31/96
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000 D000000 N
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000 F000000 Y
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000 J000000 A
001 A000000 NUVEEN MUNICIPAL VALUE FUND,INC.
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001 C000000 3129178200
002 A000000 333 WEST WACKER DRIVE
002 B000000 CHICAGO
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008 A000001 NUVEEN ADVISORY CORP.
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011 A000001 JOHN NUVEEN & COMPANY
011 B000001 8-13464
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011 C030001 60606
011 C040001 1286
011 A000002 ALEX BROWN & SONS
011 B000002 8-31213
011 C010002 BALTIMORE
011 C020002 MD
011 C030002 21202
<PAGE>      PAGE  2
012 A000001 CHASE MANHATTAN BANK
012 B000001 85-10233
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10003
013 A000001 ERNST & YOUNG
013 B010001 CHICAGO
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013 B030001 60611
014 A000001 JOHN NUVEEN & CO.,INC.
014 B000001 8-13464
015 A000001 CHASE MANHATTAN BANK
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015 C010001 NEW YORK
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015 A000002 SECURITY PACIFIC NATIONAL TRUST CO.
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
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015 A000003 BANK OF NEW YORK
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015 A000004 BANKERS TRUST COMPANY
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015 C030004 10015
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015 A000005 MORGAN GUARANTY TRUST CO.
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10260
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015 A000006 CHEMICAL BANK OF NEW YORK
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015 A000007 NATIONSBANK OF NORTH CAROLINA NA
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<PAGE>      PAGE  3
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022 B000007 13-5108880
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022 A000008 PAINE WEBBER
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<PAGE>      PAGE  4
022 C000009     21684
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
SIGNATURE   O. WALTER RENFFTLEN                          
TITLE       V.P. & CONTROLLER   
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extacted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents
</LEGEND>
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          OCT-31-1996
<PERIOD-START>                             NOV-01-1995
<PERIOD-END>                               OCT-31-1996
<INVESTMENTS-AT-COST>                          1827887
<INVESTMENTS-AT-VALUE>                         1950739
<RECEIVABLES>                                    44815
<ASSETS-OTHER>                                    1057 
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1996611
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        11984    
<TOTAL-LIABILITIES>                              11984
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1837716
<SHARES-COMMON-STOCK>                           194960
<SHARES-COMMON-PRIOR>                           194960
<ACCUMULATED-NII-CURRENT>                          696
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          21413 
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        122852
<NET-ASSETS>                                   1984627
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               132360
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   13716 
<NET-INVESTMENT-INCOME>                         118644 
<REALIZED-GAINS-CURRENT>                         21454 
<APPREC-INCREASE-CURRENT>                      (27068)
<NET-CHANGE-FROM-OPS>                           113030
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       119315
<DISTRIBUTIONS-OF-GAINS>                         15538
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (21824) 
<ACCUMULATED-NII-PRIOR>                           1367 
<ACCUMULATED-GAINS-PRIOR>                        15523
<OVERDISTRIB-NII-PRIOR>                              0
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<AVERAGE-NET-ASSETS>                           1983581
<PER-SHARE-NAV-BEGIN>                                0
<PER-SHARE-NII>                                      0
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
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<EXPENSE-RATIO>                                      0
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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