NNO Nuveen North Carolina Dividend Advantage Municipal Fund 2 Common Shares of Beneficial Interest

000 B000000 05/31/2011
000 C000000 0001158730
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
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001 C000000 3129178200
002 A000000 333 WEST WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 1286
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
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007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 NUVEEN FUND ADVISORS, INC.
008 B000001 A
008 C000001 801-14147
008 D010001 CHICAGO
008 D020001 IL
008 D030001 60606
008 D040001 1286
008 A000002 NUVEEN ASSET MANGEMENT, LLC
008 B000002 S
008 C000002 801-71957
008 D010002 CHICAGO
008 D020002 IL
008 D030002 60606
008 D040002 1286
012 A000001 EQUISERVE INC.
012 B000001 84-05925
012 C010001 PROVIDENCE
012 C020001 RI

012 C030001 02940
013 A000001 ERNST & YOUNG LLP
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60606
014 A000001 NUVEEN INVESTMENTS, LLC
014 B000001 8-13464
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
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019 C000000 NUVEENFUND
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020 C000009 0
020 C000010 0
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022 A000001 CITIGROUP
022 B000001 13-3214963
022 C000001 3189
022 D000001 0
022 A000002 LOOP CAPITAL MKTS LLC
022 B000002 36-4164012
022 C000002 773
022 D000002 1167
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003 1661
022 D000003 0
022 A000004 JP MORGAN CHASE
022 B000004 13-3224016
022 C000004 1528
022 D000004 0
022 A000005 BARCLAYS BANK PLC
022 B000005 13-4942190
022 C000005 1400
022 D000005 0
022 A000006 WELLS FARGO
022 B000006 41-1508325
022 C000006 832

022 D000006 400
022 A000007 MORGAN KEEGAN & CO
022 B000007 64-0474907
022 C000007 0
022 D000007 1097
022 A000008 UBS
022 B000008 13-2638166
022 C000008 0
022 D000008 1020
022 A000009 GOLDMAN SACHS
022 B000009 13-5108880
022 C000009 964
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022 B000010 36-3194849
022 C000010 887
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023 D000000 3842
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080 A000000 CHUBB GROUP OF INSURANCE COMPANIES
080 B000000 BERKLEY, GREAT AMERICAN, ST.PAUL,CNA & ZURICH
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087 A020000 67071D104
087 A030000 NNO
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088 D000000 Y
SIGNATURE STEPHEN D. FOY
TITLE V.P & CONTROLLER