UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-06240         

        Nuveen Select Quality Municipal Fund, Inc.         
(Exact name of registrant as specified in charter)

Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)


Kevin J. McCarthy Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:             10/31          

Date of reporting period:          1/31/09         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

    Portfolio of Investments (Unaudited)              
    Nuveen Select Quality Municipal Fund, Inc. (NQS)              
    January 31, 2009              
Principal         Optional Call          
Amount (000)     Description (1)     Provisions (2)     Ratings (3)     Value  
    Alabama – 2.8% (1.7% of Total Investments)              
$      10,000     Lauderdale County and Florence Health Authority, Alabama, Revenue Bonds, Coffee Health Group,     7/10 at 102.00     AA    $   8,564,400  
      Series 2000A, 6.000%, 7/01/29 – MBIA Insured              
5,155     Phenix City Industrial Development Board, Alabama, Environmental Improvement Revenue Bonds,     5/12 at 100.00     BBB     3,090,680  
      MeadWestvaco Corporation, Series 2002A, 6.350%, 5/15/35 (Alternative Minimum Tax)              
15,155     Total Alabama             11,655,080  
    Alaska – 0.6% (0.4% of Total Investments)              
500     Alaska Housing Finance Corporation, General Housing Purpose Bonds, Series 2005A, 5.000%,     12/14 at 100.00     AA     494,730  
      12/01/26 – FGIC Insured              
2,000     Kenai Peninsula Borough, Alaska, Revenue Bonds, Central Kenai Peninsula Hospital Service Area,     8/13 at 100.00     A3     2,028,960  
      Series 2003, 5.000%, 8/01/23 – FGIC Insured              
2,500     Total Alaska             2,523,690  
    Arizona – 2.9% (1.8% of Total Investments)              
2,300     Phoenix, Arizona, Civic Improvement Corporation, Senior Lien Airport Revenue Bonds, Series     7/18 at 100.00     AA–     2,166,991  
      2008A, 5.000%, 7/01/33              
3,750     Salt River Project Agricultural Improvement and Power District, Arizona, Electric System     12/13 at 100.00     AA     3,999,637  
      Revenue Bonds, Series 2003, 5.000%, 12/01/18 – MBIA Insured              
8,000     Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Series 2007,     No Opt. Call     A     5,222,320  
      5.000%, 12/01/37              
750     Scottsdale Industrial Development Authority, Arizona, Hospital Revenue Bonds, Scottsdale     9/13 at 100.00     A3     624,165  
      Healthcare, Series 2008A, 5.250%, 9/01/30              
14,800     Total Arizona             12,013,113  
    Arkansas – 1.3% (0.8% of Total Investments)              
4,500     Little Rock, Arkansas, Hotel and Restaurant Gross Receipts Tax Refunding Bonds, Series 1993,     No Opt. Call     A3     5,286,105  
      7.375%, 8/01/15              
    California – 5.0% (3.1% of Total Investments)              
    Calexico Unified School District, Imperial County, California, General Obligation Bonds,              
    Series 2005B:              
3,685       0.000%, 8/01/31 – FGIC Insured     No Opt. Call     AA–     824,961  
4,505       0.000%, 8/01/33 – FGIC Insured     No Opt. Call     AA–     872,528  
550     California Pollution Control Financing Authority, Remarketed Revenue Bonds, Pacific Gas and     4/11 at 102.00     AA     518,347  
      Electric Company, Series 1996A, 5.350%, 12/01/16 – MBIA Insured (Alternative              
      Minimum Tax)              
1,550     California Statewide Community Development Authority, Revenue Bonds, St. Joseph Health     7/18 at 100.00     AA–     1,453,326  
      System, Series 2007A, 5.750%, 7/01/47 – FGIC Insured              
1,000     Coachella Valley Unified School District, Riverside County, California, General Obligation     No Opt. Call     AA     260,420  
      Bonds, Series 2005A, 0.000%, 8/01/30 – FGIC Insured              
    Colton Joint Unified School District, San Bernardino County, California, General Obligation              
    Bonds, Series 2006C:              
3,200       0.000%, 2/01/30 – FGIC Insured     2/15 at 45.69     AA     802,720  
6,800       0.000%, 2/01/35 – FGIC Insured     2/15 at 34.85     AA     1,189,592  
    Cupertino Union School District, Santa Clara County, California, General Obligation Bonds,              
    Series 2003B:              
8,100       0.000%, 8/01/24 – FGIC Insured     8/13 at 58.68     AA     3,489,156  
11,430       0.000%, 8/01/27 – FGIC Insured     8/13 at 49.99     AA     3,929,977  
7,000     Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement     6/15 at 100.00     A     1,884,750  
      Revenue Bonds, Residual Series 2040, 8.100%, 6/01/45 – FGIC Insured (IF)              
1,045     Lake Tahoe Unified School District, El Dorado County, California, General Obligation Bonds,     No Opt. Call     A3     298,264  
      Series 2001B, 0.000%, 8/01/31 – MBIA Insured              
6,000     Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of     No Opt. Call     AA     1,197,660  
      Participation, Series 2006, 0.000%, 10/01/34 – FGIC Insured              
5,000     Riverside County Asset Leasing Corporation, California, Leasehold Revenue Bonds, Riverside     No Opt. Call     AA–     2,054,250  
      County Hospital Project, Series 1997, 0.000%, 6/01/25 – MBIA Insured              
5,000     Santa Monica Community College District, Los Angeles County, California, General Obligation     8/15 at 58.09     AA     1,844,350  
      Bonds, Series 2005C, 0.000%, 8/01/26 – MBIA Insured              
2,000     Yuma Community College District, California, General Obligation Bonds, Series 2007B, 0.000%,     8/17 at 45.45     A1     391,880  
      8/01/33 – AMBAC Insured              
66,865     Total California             21,012,181  
    Colorado – 13.5% (8.3% of Total Investments)              
11,000     Colorado Department of Transportation, Revenue Anticipation Bonds, Series 2000, 6.000%,     6/10 at 100.50     Aaa     11,852,830  
      6/15/15 (Pre-refunded 6/15/10) – AMBAC Insured              
9,250     Colorado Health Facilities Authority, Remarketed Revenue Bonds, Kaiser Permanente System,     7/09 at 100.50     AAA     9,370,620  
      Series 1994A, 5.350%, 11/01/16 (ETM)              
1,150     Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Health System, Series     9/18 at 102.00     AAA     992,116  
      2005C, 5.250%, 3/01/40 – FSA Insured              
16,995     Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2000A,     11/10 at 100.00     A1     16,438,754  
      5.625%, 11/15/23 – AMBAC Insured (Alternative Minimum Tax)              
4,500     Denver City and County, Colorado, Airport System Revenue Refunding Bonds, Series 2001A,     11/11 at 100.00     AA     4,608,315  
      5.500%, 11/15/16 – FGIC Insured (Alternative Minimum Tax)              
1,500     Denver Convention Center Hotel Authority, Colorado, Senior Revenue Bonds, Convention Center     11/16 at 100.00     BBB–     1,065,690  
      Hotel, Series 2006, 4.625%, 12/01/30 – SYNCORA GTY Insured              
    E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B:              
1,420       0.000%, 9/01/23 – MBIA Insured     No Opt. Call     AA–     461,230  
8,515       0.000%, 9/01/25 – MBIA Insured     No Opt. Call     AA–     2,288,832  
13,000     E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 9/01/34 –     9/20 at 45.40     AA–     1,395,550  
      MBIA Insured              
5,000     Ebert Metropolitan District, Colorado, Limited Tax General Obligation Bonds, Series 2007,     12/17 at 100.00     A3     3,522,000  
      5.350%, 12/01/37 – RAAI Insured              
12,355     Northwest Parkway Public Highway Authority, Colorado, Senior Lien Revenue Bonds, Series 2001B,     6/11 at 40.52     AAA     4,759,270  
      0.000%, 6/15/26 (Pre-refunded 6/15/11) – FSA Insured (5)              
84,685     Total Colorado             56,755,207  
    District of Columbia – 2.8% (1.7% of Total Investments)              
    District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds,              
    Series 2001:              
2,630       6.250%, 5/15/24     5/11 at 101.00     BBB     2,239,997  
5,000       6.500%, 5/15/33     No Opt. Call     BBB     3,432,600  
5,000     District of Columbia, General Obligation Bonds, Series 1998B, 6.000%, 6/01/19 – MBIA Insured     No Opt. Call     AA     5,979,550  
12,630     Total District of Columbia             11,652,147  
    Florida – 3.6% (2.2% of Total Investments)              
    Lee County, Florida, Airport Revenue Bonds, Series 2000A:              
3,075       5.875%, 10/01/18 – FSA Insured (Alternative Minimum Tax)     10/10 at 101.00     AAA     3,117,435  
4,860       5.875%, 10/01/19 – FSA Insured (Alternative Minimum Tax)     10/10 at 101.00     AAA     4,906,024  
9,250     Port Saint Lucie. Florida, Special Assessment Revenue Bonds, Southwest Annexation District 1B,     7/17 at 100.00     AA     6,833,623  
      Series 2007, 5.000%, 7/01/40 – MBIA Insured              
2,500     South Miami Health Facilities Authority, Florida, Revenue Bonds, Baptist Health Systems of     8/17 at 100.00     AA–     214,300  
      South Florida, Series 2007, ROLS 11151, 16.854%, 8/15/42 (IF)              
19,685     Total Florida             15,071,382  
    Georgia – 0.8% (0.5% of Total Investments)              
3,750     Atlanta, Georgia, Airport General Revenue Bonds, Series 2000B, 5.625%, 1/01/30 – FGIC Insured     1/10 at 101.00     AA     3,303,487  
      (Alternative Minimum Tax)              
    Illinois – 15.7% (9.7% of Total Investments)              
    Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax              
    Revenues, Series 1998B-1:              
3,855       0.000%, 12/01/25 – FGIC Insured     No Opt. Call     AA     1,472,224  
2,925       0.000%, 12/01/31 – FGIC Insured     No Opt. Call     AA     691,675  
5,865     Chicago, Illinois, General Obligation Bonds, Neighborhoods Alive 21 Program, Series 2000A,     7/10 at 101.00     AAA     6,402,234  
      6.500%, 1/01/35 (Pre-refunded 7/01/10) – FGIC Insured              
15,000     Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O’Hare International     1/11 at 101.00     A1     12,595,500  
      Airport, Series 2001A, 5.375%, 1/01/32 – AMBAC Insured (Alternative Minimum Tax)              
    Chicago, Illinois, Second Lien Passenger Facility Charge Revenue Bonds, O’Hare International              
    Airport, Series 2001C:              
3,770       5.100%, 1/01/26 – AMBAC Insured (Alternative Minimum Tax)     1/11 at 101.00     A1     3,253,774  
5,460       5.250%, 1/01/32 – AMBAC Insured (Alternative Minimum Tax)     1/11 at 101.00     A1     4,505,810  
2,000     Illinois Finance Authority, Revenue Bonds, Children’s Memorial Hospital, Series 2008,     8/18 at 100.00     AAA     1,603,120  
      5.250%, 8/15/47 – AGC Insured (UB)              
1,000     Illinois Finance Authority, Revenue Bonds, Edward Health Services Corporation, Series 2008A,     2/18 at 100.00     A+     763,320  
      5.500%, 2/01/40 – AMBAC Insured              
3,975     Illinois Finance Authority, Revenue Bonds, Sherman Health Systems, Series 2007A,     8/17 at 100.00     Baa1     2,758,054  
      5.500%, 8/01/37              
10,000     Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002,     5/12 at 100.00     Aaa     11,147,900  
      5.750%, 5/15/22              
2,000     Illinois Health Facilities Authority, Revenue Bonds, Midwest Care Center I Inc., Series 2001,     2/11 at 102.00     Aaa     1,997,240  
      5.950%, 2/20/36              
8,945     Lake and McHenry Counties Community Unit School District 118, Wauconda, Illinois, General     1/15 at 74.44     Aa3     4,828,600  
      Obligation Bonds, Series 2005B, 0.000%, 1/01/21 – FSA Insured              
9,000     McHenry County Community Unit School District 200, Woodstock, Illinois, General Obligation     No Opt. Call     Aa3     4,371,390  
      Bonds, Series 2006B, 0.000%, 1/15/23 – FGIC Insured              
    Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion              
    Project, Series 2002A:              
6,700       0.000%, 12/15/23 – MBIA Insured     No Opt. Call     AAA     3,214,392  
2,920       5.000%, 12/15/28 – MBIA Insured     6/12 at 101.00     AAA     2,908,904  
1,100       0.000%, 12/15/35 – MBIA Insured     No Opt. Call     AAA     224,587  
2,455       0.000%, 6/15/41 – MBIA Insured     No Opt. Call     AAA     362,113  
7,500     Valley View Public Schools, Community Unit School District 365U of Will County, Illinois,     No Opt. Call     AA     3,163,350  
      General Obligation Bonds, Series 2005, 0.000%, 11/01/25 – MBIA Insured              
94,470     Total Illinois             66,264,187  
    Indiana – 3.2% (2.0% of Total Investments)              
2,000     Hospital Authority of Delaware County, Indiana, Hospital Revenue Bonds, Cardinal Health     8/16 at 100.00     Baa3     1,194,680  
      System, Series 2006, 5.250%, 8/01/36              
2,000     Indiana Health Facility Financing Authority, Revenue Bonds, Community Foundation of Northwest     3/17 at 100.00     BBB     1,315,860  
      Indiana, Series 2007, 5.500%, 3/01/37              
765     Indiana Housing Finance Authority, Single Family Mortgage Revenue Bonds, Series 2000D-3,     1/10 at 100.00     Aaa     782,824  
      5.950%, 7/01/26 (Alternative Minimum Tax)              
2,225     Indiana Municipal Power Agency, Power Supply Revenue Bonds, Series 2007A, 5.000%, 1/01/42 –     1/17 at 100.00     AA     1,952,972  
      MBIA Insured              
7,660     St. Joseph County Hospital Authority, Indiana, Revenue Bonds, Memorial Health System, Series     2/11 at 100.00     AA– (4)     8,354,609  
      2000, 5.625%, 8/15/33 (Pre-refunded 2/15/11) – AMBAC Insured              
14,650     Total Indiana             13,600,945  
    Iowa – 0.4% (0.2% of Total Investments)              
3,100     Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,     6/15 at 100.00     BBB     1,718,702  
      5.625%, 6/01/46              
    Kansas – 0.9% (0.6% of Total Investments)              
3,790     Kansas Department of Transportation, Highway Revenue Bonds, Series 2008, 5.000%, 3/01/23 (UB)     3/14 at 100.00     AAA     3,968,964  
    Kentucky – 0.2% (0.1% of Total Investments)              
1,000     Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds,     6/18 at 100.00     AAA     1,007,000  
      Louisville Arena Authority, Inc., Series 2008A-1, 6.000%, 12/01/33 – AGC Insured              
    Louisiana – 0.9% (0.5% of Total Investments)              
5,000     Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,     5/17 at 100.00     A3     3,665,850  
      Series 2007A, 5.375%, 5/15/43              
    Maryland – 1.8% (1.1% of Total Investments)              
7,500     Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins     7/09 at 101.00     AA (4)     7,748,550  
      University, Series 1999, 6.000%, 7/01/39 (Pre-refunded 7/01/09)              
    Massachusetts – 0.3% (0.2% of Total Investments)              
860     Massachusetts Educational Finance Authority, Student Loan Revenue Refunding Bonds, Series     12/09 at 101.00     AA     883,229  
      2000G, 5.700%, 12/01/11 – MBIA Insured (Alternative Minimum Tax)              
500     Massachusetts Health and Educational Facilities Authority, Revenue Bonds, CareGroup Inc.,     7/18 at 100.00     A3     367,890  
      Series 2008E-1, 5.125%, 7/01/38              
1,360     Total Massachusetts             1,251,119  
    Michigan – 8.6% (5.3% of Total Investments)              
540     Detroit, Michigan, General Obligation Bonds, Series 2003A, 5.250%, 4/01/19 –     4/13 at 100.00     Baa3     467,570  
      SYNCORA GTY Insured              
10,000     Detroit, Michigan, Sewerage Disposal System Revenue Bonds, Series 1999A, 5.750%, 7/01/26     1/10 at 101.00     Aaa     10,567,500  
      (Pre-refunded 1/01/10) – FGIC Insured              
6,475     Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Ascension Health Credit     11/09 at 101.00     AAA     6,807,944  
      Group, Series 1999A, 5.750%, 11/15/16 (Pre-refunded 11/15/09) – MBIA Insured              
3,275     Michigan State Hospital Finance Authority, Revenue Refunding Bonds, Detroit Medical Center     2/09 at 100.00     BB     2,732,988  
      Obligated Group, Series 1993A, 6.500%, 8/15/18              
6,000     Michigan Strategic Fund, Collateralized Limited Obligation Pollution Control Revenue Refunding     9/11 at 100.00     A3     5,042,880  
      Bonds, Fixed Rate Conversion, Detroit Edison Company, Series 1999C, 5.650%, 9/01/29 –              
      SYNCORA GTY Insured (Alternative Minimum Tax)              
7,500     Michigan Strategic Fund, Limited Obligation Revenue Refunding Bonds, Detroit Edison Company,     12/12 at 100.00     Baa1     5,948,850  
      Series 2002C, 5.450%, 12/15/32 – SYNCORA GTY Insured (Alternative Minimum Tax)              
5,900     Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont     11/11 at 100.00     AA     4,558,753  
      Hospital, Series 2001M, 5.250%, 11/15/35 – MBIA Insured              
39,690     Total Michigan             36,126,485  
    Minnesota – 2.3% (1.4% of Total Investments)              
7,000     Minneapolis-St. Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds,     1/11 at 100.00     AAA     7,552,300  
      Series 2001A, 5.250%, 1/01/32 (Pre-refunded 1/01/11) – FGIC Insured              
1,990     Minnesota Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2000C,     7/09 at 100.00     AA+     2,042,815  
      6.100%, 7/01/30 (Alternative Minimum Tax)              
8,990     Total Minnesota             9,595,115  
    Mississippi – 0.6% (0.3% of Total Investments)              
2,475     Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial     9/14 at 100.00     AA     2,403,176  
      Healthcare, Series 2008, 5.000%, 9/01/24 (UB)              
    Missouri – 0.7% (0.5% of Total Investments)              
5,000     Kansas City Municipal Assistance Corporation, Missouri, Leasehold Revenue Bonds, Series     No Opt. Call     AA–     1,715,600  
      2004B-1, 0.000%, 4/15/28 – AMBAC Insured              
1,500     Missouri-Illinois Metropolitan District Bi-State Development Agency, Mass Transit Sales Tax     10/13 at 100.00     AAA     1,443,510  
      Appropriation Bonds, Metrolink Cross County Extension Project, Series 2002B, 5.000%,              
      10/01/32 – FSA Insured              
6,500     Total Missouri             3,159,110  
    Nevada – 6.7% (4.2% of Total Investments)              
4,885     Clark County, Nevada, Limited Tax General Obligation Bank Bonds, Series 2000, 5.500%, 7/01/18     7/10 at 100.00     AA+ (4)     5,215,226  
      (Pre-refunded 7/01/10)              
7,500     Clark County, Nevada, Subordinate Lien Airport Revenue Bonds, Series 1999A, 6.000%, 7/01/29     7/10 at 101.00     AA (4)     8,126,250  
      (Pre-refunded 7/01/10) – MBIA Insured              
1,950     Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas     1/10 at 102.00     A     842,810  
      Monorail Project, First Tier, Series 2000, 5.625%, 1/01/32 – AMBAC Insured              
2,500     Reno, Neveda, Health Facilty Revenue Bonds, Catholic Healthcare West, Trust 2634, 16.866%,     7/17 at 100.00     AAA     2,408,800  
      7/01/31 – BHAC Insured (IF)              
10,750     Truckee Meadows Water Authority, Nevada, Water Revenue Bonds, Series 2001A, 5.250%,     7/11 at 100.00     AAA     11,813,497  
      7/01/34 (Pre-refunded 7/01/11) – FSA Insured              
27,585     Total Nevada             28,406,583  
    New Jersey – 8.7% (5.4% of Total Investments)              
16,840     New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Barnabas Health     1/17 at 39.39     Baa2     1,264,179  
      Care System, Series 2006A, 0.000%, 7/01/35              
2,400     New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Trinitas Hospital     7/10 at 101.00     BBB– (4)     2,649,312  
      Obligated Group, Series 2000, 7.500%, 7/01/30 (Pre-refunded 7/01/10)              
14,865     New Jersey Housing and Mortgage Finance Agency, Home Buyer Program Revenue Bonds, Series     10/10 at 100.00     Aaa     15,107,894  
      2000CC, 5.850%, 10/01/25 – MBIA Insured (Alternative Minimum Tax)              
1,905     New Jersey Housing and Mortgage Finance Agency, Multifamily Housing Revenue Bonds, Series     4/09 at 100.75     A     1,830,896  
      1997A, 5.550%, 5/01/27 – AMBAC Insured (Alternative Minimum Tax)              
20,000     New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C,     No Opt. Call     AAA     4,604,800  
      0.000%, 12/15/33 – FSA Insured              
7,120     Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,     6/12 at 100.00     AAA     7,767,137  
      Series 2002, 5.750%, 6/01/32 (Pre-refunded 6/01/12)              
6,500     Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,     6/17 at 100.00     BBB     3,408,990  
      Series 2007-1A, 5.000%, 6/01/41              
69,630     Total New Jersey             36,633,208  
    New Mexico – 5.4% (3.3% of Total Investments)              
8,500     Farmington, New Mexico, Pollution Control Revenue Refunding Bonds, Public Service Company of     4/09 at 100.00     Baa3     6,859,755  
      New Mexico – San Juan Project, Series 1997B, 5.800%, 4/01/22              
    New Mexico Hospital Equipment Loan Council, Hospital Revenue Bonds, Presbyterian Healthcare              
    Services, Series 2001A:              
8,000       5.500%, 8/01/25 (Pre-refunded 8/01/11)     8/11 at 101.00     AA– (4)     8,827,840  
6,200       5.500%, 8/01/30 (Pre-refunded 8/01/11)     8/11 at 101.00     AA– (4)     6,841,576  
22,700     Total New Mexico             22,529,171  
    New York – 11.0% (6.8% of Total Investments)              
5,650     Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health     8/09 at 101.00     AAA     5,855,264  
      Services Facilities, Series 1999D, 5.250%, 8/15/24 (Pre-refunded 8/15/09) – FSA Insured              
10,000     Dormitory Authority of the State of New York, New York City, Lease Revenue Bonds, Court     5/10 at 101.00     AA– (4)     10,799,300  
      Facilities, Series 1999, 6.000%, 5/15/39 (Pre-refunded 5/15/10)              
7,000     Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,     7/12 at 100.00     AA–     6,692,490  
      Series 2002A, 5.125%, 1/01/29              
5,000     New York City Municipal Water Finance Authority, New York, Water and Sewerage System     6/09 at 101.00     AAA     4,961,850  
      Revenue Bonds, Fiscal Series 1999B, 5.000%, 6/15/29 – FSA Insured              
2,255     New York City Transit Authority, New York, Metropolitan Transportation Authority, Triborough     1/10 at 101.00     A (4)     2,385,136  
      Bridge and Tunnel Authority, Certificates of Participation, Series 2000A, 5.750%, 1/01/20              
      (Pre-refunded 1/01/10) – AMBAC Insured              
9,750     New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal     5/10 at 101.00     AAA     10,530,487  
      Series 2000B, 6.000%, 11/15/29 (Pre-refunded 5/15/10)              
5,400     New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 79, 5.300%,     3/09 at 101.00     Aa1     4,925,448  
      4/01/29 (Alternative Minimum Tax)              
45,055     Total New York             46,149,975  
    North Carolina – 5.0% (3.1% of Total Investments)              
18,555     North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series     7/09 at 100.00     Baa1     18,567,988  
      1993B, 5.500%, 1/01/17 – FGIC Insured              
3,000     The Charlotte-Mecklenberg Hospital Authority, North Carolina, Doing Business as Carolinas     1/18 at 100.00     AA–     2,559,990  
      HealthCare System, Health Care Refunding Revenue Bonds, Series 2008A, 5.000%, 1/15/47              
21,555     Total North Carolina             21,127,978  
    Ohio – 5.5% (3.4% of Total Investments)              
    Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue              
    Bonds, Senior Lien, Series 2007A-2:              
3,000       5.375%, 6/01/24     6/17 at 100.00     BBB     2,265,330  
260       5.125%, 6/01/24     6/17 at 100.00     BBB     190,718  
2,700       5.875%, 6/01/30     6/17 at 100.00     BBB     1,726,353  
2,635       5.750%, 6/01/34     6/17 at 100.00     BBB     1,571,224  
7,995       5.875%, 6/01/47     6/17 at 100.00     BBB     4,524,051  
5,150     Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue     6/22 at 100.00     BBB     2,130,812  
      Bonds, Senior Lien, Series 2007A-3, 0.000%, 6/01/37              
    Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Medical Center,              
    Series 1999:              
5,000       6.750%, 4/01/18 (Pre-refunded 4/01/10)     4/10 at 101.00     A (4)     5,368,350  
5,000       6.750%, 4/01/22 (Pre-refunded 4/01/10)     4/10 at 101.00     A (4)     5,368,350  
3,750     Ohio Higher Educational Facilities Commission, Revenue Bonds, University Hospitals Health     1/17 at 100.00     A+     –  
      System Inc., Series 2007A, Trust 2812-1, 0.872%, 1/15/46 – AMBAC Insured (IF)              
220     Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage     8/10 at 100.00     Aaa     217,505  
      Revenue Bonds, Series 2000C, 6.050%, 3/01/32 (Alternative Minimum Tax)              
35,710     Total Ohio             23,362,693  
    Oklahoma – 0.9% (0.5% of Total Investments)              
1,675     Oklahoma Development Finance Authority, Health System Revenue Bonds, Integris Baptist Medical     8/18 at 100.00     AA–     1,513,832  
      Center, Series 2008B, 5.250%, 8/15/38              
2,235     Oklahoma Development Finance Authority, Revenue Bonds, St. John Health System, Series 2004,     2/14 at 100.00     AA–     2,153,691  
      5.000%, 2/15/24              
3,910     Total Oklahoma             3,667,523  
    Pennsylvania – 0.9% (0.6% of Total Investments)              
95     Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 1999,     1/10 at 100.00     AAA     97,550  
      5.750%, 1/01/15 – FSA Insured              
1,250     Erie, Pennsylvania, Water Authority, Water Revenue Bonds, Series 2008, 5.000%, 12/01/43 –     12/18 at 100.00     AAA     1,175,513  
      FSA Insured              
3,250     Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2008,     10/16 at 100.00     AA+     2,651,058  
      4.650%, 10/01/31 (Alternative Minimum Tax) (UB)              
4,595     Total Pennsylvania             3,924,121  
    Puerto Rico – 0.9% (0.5% of Total Investments)              
800     Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding     No Opt. Call     Baa1     537,064  
      Bonds, Series 2002D, 0.000%, 7/01/31 – AMBAC Insured              
2,200     Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding     7/17 at 100.00     Baa1 (4)     2,155,560  
      Bonds, Series 2002D, 0.000%, 7/01/31 (Pre-refunded 7/01/17) – AMBAC Insured              
23,890     Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,     No Opt. Call     A1     918,809  
      8/01/54 – AMBAC Insured              
26,890     Total Puerto Rico             3,611,433  
    Rhode Island – 0.9% (0.5% of Total Investments)              
    Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity 57-B Bond              
    Program, Series 2008, Trust 1177:              
1,500       9.415%, 10/01/27 (Alternative Minimum Tax) (IF)     4/17 at 100.00     AA+     1,277,700  
1,000       9.515%, 10/01/32 (Alternative Minimum Tax) (IF)     4/17 at 100.00     AA+     793,920  
2,200     Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,     6/12 at 100.00     BBB     1,596,936  
      Series 2002A, 6.125%, 6/01/32              
4,700     Total Rhode Island             3,668,556  
    South Carolina – 9.1% (5.6% of Total Investments)              
    Greenville County School District, South Carolina, Installment Purchase Revenue Bonds,              
    Series 2002:              
5,500       6.000%, 12/01/21 (Pre-refunded 12/01/12)     12/12 at 101.00     AA (4)     6,485,820  
4,500       6.000%, 12/01/21 (Pre-refunded 12/01/12)     12/12 at 101.00     AA (4)     5,306,580  
3,750     Greenwood County, South Carolina, Hospital Revenue Bonds, Self Memorial Hospital, Series 2001,     10/11 at 100.00     A     3,192,075  
      5.500%, 10/01/31              
2,500     Lexington County Health Service District, South Carolina, Hospital Revenue Refunding and     11/13 at 100.00     A+ (4)     2,963,850  
      Improvement Bonds, Series 2003, 5.750%, 11/01/28 (Pre-refunded 11/01/13)              
2,825     Medical University Hospital Authority, South Carolina, FHA-Insured Mortgage Revenue Bonds,     8/14 at 100.00     AA     2,823,333  
      Series 2004A, 5.250%, 2/15/22 – MBIA Insured              
21,565     Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 2004A-2,     No Opt. Call     A     5,261,860  
      0.000%, 1/01/30 – AMBAC Insured              
1,250     South Carolina Housing Finance and Development Authority, Mortgage Revenue Bonds, Series     6/10 at 100.00     Aa1     1,259,775  
      2000A-2, 6.000%, 7/01/20 – FSA Insured (Alternative Minimum Tax)              
10,310     Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement     5/12 at 100.00     BBB (4)     10,919,115  
      Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 (Pre-refunded 5/15/12)              
52,200     Total South Carolina             38,212,408  
    South Dakota – 2.3% (1.4% of Total Investments)              
4,805     Sioux Falls, South Dakota, Industrial Revenue Refunding Bonds, Great Plains Hotel Corporation,     10/14 at 100.00     AAA     5,990,009  
      Series 1989, 8.500%, 11/01/16 (Pre-refunded 10/15/14) (Alternative Minimum Tax)              
2,280     South Dakota Education Loans Inc., Revenue Bonds, Subordinate Series 1998-1K, 5.600%, 6/01/20     6/09 at 101.00     B3     2,274,688  
      (Alternative Minimum Tax)              
1,750     South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sioux Valley     11/14 at 100.00     AA–     1,616,510  
      Hospitals, Series 2004A, 5.500%, 11/01/31              
8,835     Total South Dakota             9,881,207  
    Tennessee – 7.4% (4.6% of Total Investments)              
5,000     Knox County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue     4/12 at 101.00     A1     4,585,850  
      Bonds, Baptist Health System of East Tennessee Inc., Series 2002, 6.500%, 4/15/31              
20,060     Knox County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue     1/13 at 80.49     AAA     13,525,656  
      Refunding Bonds, Covenant Health, Series 2002A, 0.000%, 1/01/17 – FSA Insured              
12,500     Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board,     11/09 at 101.00     AAA     13,158,250  
      Tennessee, Revenue Bonds, Ascension Health Credit Group, Series 1999A, 5.875%, 11/15/28              
      (Pre-refunded 11/15/09) – AMBAC Insured              
37,560     Total Tennessee             31,269,756  
    Texas – 13.7% (8.4% of Total Investments)              
5,110     Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric     4/13 at 101.00     Caa1     2,825,779  
      Company, Series 1999C, 7.700%, 3/01/32 (Alternative Minimum Tax)              
7,925     Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric     No Opt. Call     Caa1     5,223,605  
      Company, Series 2001C, 5.750%, 5/01/36 (Mandatory put 11/01/11)              
      (Alternative Minimum Tax)              
4,080     Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue     1/15 at 100.00     AA     2,950,411  
      Bonds, Series 2005, 5.000%, 1/01/35 – FGIC Insured              
5,500     Dallas Area Rapid Transit, Texas, Senior Lien Sales Tax Revenue Bonds, Series 2001, 5.000%,     12/11 at 100.00     AAA     6,085,035  
      12/01/31 (Pre-refunded 12/01/11) – AMBAC Insured              
2,000     Ennis Independent School District, Ellis County, Texas, General Obligation Bonds, Series 2006,     8/16 at 54.64     AAA     676,060  
      0.000%, 8/15/28              
1,550     Gulf Coast Waste Disposal Authority, Texas, Waste Disposal Revenue Bonds, Valero Energy     4/11 at 101.00     BBB     1,126,013  
      Corporation, Series 2001, 6.650%, 4/01/32 (Alternative Minimum Tax)              
7,570     Harris County-Houston Sports Authority, Texas, Junior Lien Revenue Bonds, Series 2001H,     No Opt. Call     AA     1,223,009  
      0.000%, 11/15/31 – MBIA Insured              
5,000     Houston Community College, Texas, Limited Tax General Obligation Bonds, Series 2003, 5.000%,     2/13 at 100.00     AA     5,052,500  
      2/15/26 – AMBAC Insured              
9,000     Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds, Houston     No Opt. Call     A     6,818,310  
      Light and Power Company, Series 1997, 5.125%, 11/01/28 – AMBAC Insured              
      (Alternative Minimum Tax)              
340     Panhandle Regional Housing Finance Corporation, Texas, GNMA Mortgage-Backed Securities     5/09 at 100.00     AAA     344,502  
      Program Single Family Mortgage Revenue Bonds, Series 1991A, 7.500%, 5/01/24              
      (Alternative Minimum Tax)              
2,110     Richardson Hospital Authority, Texas, Revenue Bonds, Richardson Regional Medical Center,     12/13 at 100.00     Baa2     1,937,086  
      Series 2004, 6.000%, 12/01/19              
4,700     Sam Rayburn Municipal Power Agency, Texas, Power Supply System Revenue Refunding Bonds,     10/12 at 100.00     Baa2     4,124,015  
      Series 2002A, 6.000%, 10/01/21              
5,500     Spring Independent School District, Harris County, Texas, Unlimited Tax Schoolhouse Bonds,     8/11 at 100.00     AAA     5,560,500  
      Series 2001, 5.000%, 8/15/26              
4,375     Tarrant County Cultural & Educational Facilities Financing Corporation, Texas, Revenue Bonds,     11/17 at 100.00     AA–     2,469,162  
      Tarrant County Health Resources, Series 2008, Trust 1197, 9.058%, 11/15/47 (IF)              
4,520     Texas, General Obligation Bonds, Water Financial Assistance, State Participation Program,     8/09 at 100.00     Aa1     4,529,311  
      Series 1999C, 5.500%, 8/01/35              
    White Settlement Independent School District, Tarrant County, Texas, General Obligation Bonds,              
    Series 2006:              
9,110       0.000%, 8/15/36     8/15 at 33.75     AAA     1,782,372  
9,110       0.000%, 8/15/41     8/15 at 25.73     AAA     1,330,516  
7,110       0.000%, 8/15/45     8/15 at 20.76     AAA     809,900  
2,045     Winter Garden Housing Finance Corporation, Texas, GNMA/FNMA Mortgage-Backed Securities     4/09 at 100.00     AAA     2,046,370  
      Program Single Family Mortgage Revenue Bonds, Series 1994, 6.950%, 10/01/27              
      (Alternative Minimum Tax)              
2,000     Wylie Independent School District, Taylor County, Texas, General Obligation Bonds, Series     8/15 at 57.10     AAA     791,620  
      2005, 0.000%, 8/15/26              
98,655     Total Texas             57,706,076  
    Utah – 4.7% (2.9% of Total Investments)              
3,565     Utah Associated Municipal Power Systems, Revenue Bonds, Payson Power Project, Series 2008,     4/13 at 100.00     AAA     3,600,793  
      5.000%, 4/01/24 – FSA Insured (UB)              
16,050     Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc., Series 1997, 5.250%,     2/09 at 100.00     AA–(4)     16,101,039  
      8/15/26 – MBIA Insured (ETM)              
19,615     Total Utah             19,701,832  
    Vermont – 2.2% (1.4% of Total Investments)              
    Vermont Educational and Health Buildings Financing Agency, Revenue Bonds, Fletcher Allen              
    Health Care Inc., Series 2000A:              
3,720       6.125%, 12/01/15 – AMBAC Insured     12/10 at 101.00     A     3,795,107  
4,265       6.250%, 12/01/16 – AMBAC Insured     12/10 at 101.00     A     4,358,190  
1,255     Vermont Housing Finance Agency, Single Family Housing Bonds, Series 2000-13A, 5.950%,     11/09 at 100.00     AAA     1,284,154  
      11/01/25 – FSA Insured (Alternative Minimum Tax)              
9,240     Total Vermont             9,437,451  
    Virginia – 0.3% (0.2% of Total Investments)              
2,000     Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage     10/17 at 100.00     N/R     1,140,800  
      Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/42              
    Washington – 3.9% (2.4% of Total Investments)              
8,810     Chelan County Public Utility District 1, Washington, Hydro Consolidated System Revenue Bonds,     7/11 at 101.00     AA     7,559,861  
      Series 2001A, 5.600%, 1/01/36 – MBIA Insured (Alternative Minimum Tax)              
7,225     Port of Seattle, Washington, Special Facility Revenue Bonds, Terminal 18, Series 1999B,     3/10 at 101.00     AA     7,238,944  
      6.000%, 9/01/20 – MBIA Insured (Alternative Minimum Tax)              
2,500     Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and     No Opt. Call     N/R     1,547,325  
      Medical Center of Seattle, Series 2007, 5.700%, 12/01/32              
18,535     Total Washington             16,346,130  
    West Virginia – 1.0% (0.6% of Total Investments)              
5,000     Mason County, West Virginia, Pollution Control Revenue Bonds, Appalachian Power Company,     10/11 at 100.00     BBB     4,388,350  
      Series 2003L, 5.500%, 10/01/22              
    Wisconsin – 3.0% (1.8% of Total Investments)              
7,440     Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed     6/12 at 100.00     BBB     6,888,770  
      Bonds, Series 2002, 6.125%, 6/01/27              
5,000     Madison, Wisconsin, Industrial Development Revenue Refunding Bonds, Madison Gas and Electric     4/12 at 100.00     AA–     4,597,200  
      Company Projects, Series 2002A, 5.875%, 10/01/34 (Alternative Minimum Tax)              
2,100     Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Wheaton Franciscan     8/13 at 100.00     BBB+     1,098,510  
      Services Inc., Series 2003A, 5.125%, 8/15/33              
14,540     Total Wisconsin             12,584,480  
$     941,605     Total Investments (cost $734,514,308) – 162.4%             683,531,326  
    Floating Rate Obligations – (2.3)%             (9,595,000)
    Other Assets Less Liabilities – 3.5%             14,642,754  
    Preferred Shares, at Liquidation Value – (63.6)% (6)             (267,575,000)
    Net Assets Applicable to Common Shares – 100%           $   421,004,080  

(1)     All percentages shown in the Portfolio of Investments are based on net assets applicable to Common  
    shares unless otherwise noted.  
(2)     Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.  
    There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities  
    may be subject to periodic principal paydowns.  
(3)     Ratings: Using the higher of Standard & Poor's Group ("Standard & Poor's") or Moody's Investor Service,  
    Inc. ("Moody's") rating. Ratings below BBB by Standard & Poor's or Baa by Moody's are considered to be  
    below investment grade.  
    The Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AGC, AMBAC, CIFG,  
    FGIC, FSA, MBIA, RAAI and SYNCORA as of January 31, 2009. Subsequent to January 31, 2009, and  
    during the period this Portfolio of Investments was prepared, there may have been reductions to the  
    ratings of certain bonds resulting from changes to the ratings of the underlying insurers both during the  
    period and after period end. Such reductions would likely reduce the effective rating of many of the bonds  
    insured by that insurer or insurers presented at period end.  
(4)     Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities  
    which ensure the timely payment of principal and interest. Such investments are normally considered to  
    be equivalent to AAA rated securities.  
(5)     Investment, or portion of investment, has been pledged as collateral for Recourse Trusts.  
(6)     Preferred Shares, at Liquidation Value as a percentage of Total Investments is 39.1%.  
N/R     Not rated.  
(ETM)     Escrowed to maturity.  
(IF)     Inverse floating rate investment.  
(UB)     Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the  
    provisions of SFAS No. 140.  

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No.157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund's investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.  
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates,  
               prepayment speeds, credit risk, etc.).  
Level 3 – Significant unobservable inputs (including management's assumptions in determining the fair  
               value of investments).  

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund's fair value measurements as of January 31, 2009:

    Level 1     Level 2     Level 3     Total  
Investments     $ —     $683,531,326     $ —     $683,531,326  

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to SFAS No. 140. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At January 31, 2009, the cost of investments was $724,305,771.

Gross unrealized appreciation and gross unrealized depreciation of investments at January 31, 2009, were as follows:

Gross unrealized:      
  Appreciation     $ 25,880,107  
  Depreciation     (76,247,613)
Net unrealized appreciation (depreciation) of investments     $(50,367,506)

Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen Select Quality Municipal Fund, Inc.         

By (Signature and Title)          /s/ Kevin J. McCarthy                    
                                                  Kevin J. McCarthy
                                                  Vice President and Secretary

Date          April 1, 2009        

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)         /s/ Gifford R. Zimmerman                    
                                                 Gifford R. Zimmerman
                                                 Chief Administrative Officer (principal executive officer) 

Date          April 1, 2009        

By (Signature and Title)         /s/ Stephen D. Foy                              
                                                 Stephen D. Foy
                                                 Vice President and Controller (principal financial officer) 

Date         April 1, 2009        

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