Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

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Applicant, a closed-end investment company, seeks an order declaring that it has ceased to be an investment company. On October 19, 2009, applicant transferred its assets to Nuveen Insured Municipal Opportunity Fund, Inc., based on net asset value. Shareholders of applicant's municipal auction rate cumulative preferred shares ("preferred shares") received one share of the acquiring fund's preferred shares for each preferred share of applicant. Expenses of approximately $364,782 incurred in connection with the reorganization were paid by applicant and the acquiring fund. Filing Dates: The application was filed on November 4, 2009, and amended on November 12, 2010. Applicant's Address: 333 West Wacker Dr., Chicago, IL 60606.