Nuveen Missouri Premium Income Municipal Fund

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         811-7616         

        Nuveen Missouri Premium Income Municipal Fund         
(Exact name of registrant as specified in charter)


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


Jessica R. Droeger—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:            05/31          

Date of reporting period:          02/28/05         

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 Missouri Premium Income Municipal Fund (NOM)
February 28, 2005

Principal

Optional Call

Market

Amount (000)

Description(1)

Provisions*

Ratings**

Value

Consumer Staples - 3.2% (2.2% of Total Investments)

 
$

1,000

Missouri Development Finance Board, Solid Waste Disposal Revenue Bonds, Procter and Gamble Inc.,

No Opt. Call

AA-

$    1,079,850

   Series 1999, 5.200%, 3/15/29 (Alternative Minimum Tax)

Education and Civic Organizations - 6.2% (4.3% of Total Investments)

 

625

Missouri Health and Educational Facilities Authority, Revenue Bonds, Maryville University of St.

6/10 at 100.00

Baa2

668,544

   Louis, Series 2000, 6.750%, 6/15/30
 

500

Missouri Health and Educational Facilities Authority, Revenue Bonds, St. Louis Priory School,

2/08 at 101.00

A3

523,325

   Series 2000, 5.650%, 2/01/25
 

365

Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University, Series

4/11 at 100.00

Aaa

404,617

   2001, 5.500%, 4/01/18 - MBIA Insured
 

500

St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Kiel Center

6/05 at 100.00

N/R

511,100

   Multipurpose Arena, Series 1992, 7.875%, 12/01/24 (Alternative Minimum Tax)

Healthcare - 31.7% (21.9% of Total Investments)

 

1,800

Johnson County, Missouri, Hospital Revenue Bonds, Western Missouri Medical Center, Series 2000,

6/10 at 100.00

AA

1,986,570

   6.000%, 6/01/20 - RAAI Insured
 

750

Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman Health

2/15 at 102.00

BBB+

768,090

   System, Series 2004, 5.500%, 2/15/29
 

2,500

Missouri Health and Educational Facilities Authority, Revenue Bonds, SSM Healthcare System, Series

6/11 at 101.00

AAA

2,634,600

   2001A, 5.250%, 6/01/28 - AMBAC Insured
 

500

Missouri Health and Educational Facilities Authority, Revenue Bonds, St. Luke's Health System,

6/11 at 101.00

AAA

528,195

   Series 2001, 5.250%, 12/01/26 - FSA Insured
 

Missouri Health and Educational Facilities Authority, Revenue Bonds, BJC Health System, Series

2003:

1,500

   5.125%, 5/15/25

5/13 at 100.00

AA

1,574,190

1,155

   5.250%, 5/15/32

5/13 at 100.00

AA

1,216,769
 

500

Missouri Health and Educational Facilities Authority, Revenue Bonds, Lake Regional Health System,

2/14 at 100.00

BBB+

523,040

   Series 2003, 5.700%, 2/15/34
 

425

Missouri Health and Educational Facilities Authority, Revenue Bonds, Lake Regional Health System,

2/06 at 102.00

BBB+

438,961

   Series 1996, 6.500%, 2/15/21
 

1,000

Missouri Health and Educational Facilities Authority, Revenue Bonds, St. Anthony's Medical Center,

12/10 at 101.00

A

1,071,170

   Series 2000, 6.250%, 12/01/30

Housing/Multifamily - 7.3% (5.0% of Total Investments)

 

720

Missouri Housing Development Commission, Multifamily Housing Revenue Bonds, Series 2001II, 5.250%,

12/11 at 100.00

AA

768,838

   12/01/16
 

500

St. Charles County Industrial Development Authority, Missouri, FHA-Insured Multifamily Housing

4/08 at 102.00

AAA

509,870

   Revenue Bonds, Ashwood Apartments, Series 1998A, 5.600%, 4/01/30 (Alternative Minimum Tax) - FSA

   Insured
 

545

St. Louis County Industrial Development Authority, Missouri, GNMA Collateralized Multifamily

4/07 at 102.00

AAA

572,713

   Housing Revenue Refunding Bonds, South Summit Apartments, Series 1997A, 5.950%, 4/20/17
 

600

St. Louis County Industrial Development Authority, Missouri, GNMA Collateralized Multifamily

4/07 at 102.00

AAA

624,618

Housing Revenue Refunding Bonds, South Summit Apartments, Series 1997B, 6.000%, 10/20/15

   (Alternative Minimum Tax)

Housing/Single Family - 1.9% (1.4% of Total Investments)

 

150

Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, Homeownership Loan

3/06 at 105.00

AAA

150,215

   Program, Series 1995C, 7.250%, 9/01/26 (Alternative Minimum Tax)
 

275

Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, Homeownership Loan

9/06 at 105.00

AAA

275,429

   Program, Series 1996B, 7.550%, 9/01/27 (Alternative Minimum Tax)
 

190

Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, Homeownership Loan

3/10 at 100.00

AAA

199,080

   Program, Series 2000B-1, 6.250%, 3/01/31 (Alternative Minimum Tax)

Long-Term Care - 5.5% (3.8% of Total Investments)

 

1,750

Cole County Industrial Development Authority, Missouri, Revenue Bonds, Lutheran Senior Services -

2/14 at 100.00

N/R

1,819,965

   Heisinger Project, Series 2004, 5.500%, 2/01/35
 

50

Lees Summit Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, John Knox

8/09 at 101.00

N/R

53,368

   Village, Series 1999, 6.000%, 8/15/17

Materials - 2.4% (1.6% of Total Investments)

 

750

Sugar Creek, Missouri, Industrial Development Revenue Bonds, Lafarge North America Inc., Series

6/13 at 101.00

BBB

772,260

   2003A, 5.650%, 6/01/37 (Alternative Minimum Tax)

Tax Obligation/General - 29.6% (20.4% of Total Investments)

 

500

Jackson County School District R-7, Lees Summit, Missouri, General Obligation Refunding and

3/12 at 100.00

AAA

547,295

   Improvement Bonds, Series 2002, 5.250%, 3/01/18 - FSA Insured
 

1,630

North Kansas City School District, Missouri, General Obligation Bonds, Series 2003A, 5.000%,

3/13 at 100.00

AA+

1,723,807

   3/01/23
 

1,000

Puerto Rico, General Obligation and Public Improvement Refunding Bonds, Series 2001A, 5.500%,

No Opt. Call

AAA

1,175,110

   7/01/20 - MBIA Insured
 

2,020

Ritenour Consolidated School District, St. Louis County, Missouri, General Obligation Bonds, Series

No Opt. Call

AAA

2,460,683

   1995, 7.375%, 2/01/12 - FGIC Insured
 

1,145

St. Charles County Francis Howell School District, Missouri, General Obligation Refunding Bonds,

No Opt. Call

AAA

1,234,539

   Series 1994A, 7.800%, 3/01/08 - FGIC Insured
 

350

St. Louis County Pattonville School District R3, Missouri, General Obligation Bonds, Series 2004,

3/14 at 100.00

AAA

384,346

   5.250%, 3/01/20 - FSA Insured
 

895

St. Louis Board of Education, Missouri, General Obligation Refunding Bonds, Series 1993A, 8.500%,

No Opt. Call

AAA

998,677

   4/01/07 - FGIC Insured
 

1,405

St. Louis Board of Education, Missouri, General Obligation Refunding Bonds, Series 2003A, 5.000%,

4/13 at 100.00

AAA

1,505,472

   4/01/19 - FSA Insured

Tax Obligation/Limited - 34.9% (24.1% of Total Investments)

 

600

Chesterfield, Missouri, Certificates of Participation, Series 2005, 5.000%, 12/01/24 - FGIC

12/15 at 100.00

Aaa

638,760

   Insured
 

750

Fenton, Missouri, Tax Increment Refunding and Improvement Revenue Bonds, Gravois Bluffs

10/12 at 100.00

N/R

770,070

   Redevelopment Project, Series 2002, 6.125%, 10/01/21
 

750

Howard Bend Levee District, St. Louis County, Missouri, Levee District Improvement Bonds, Series

3/09 at 101.00

N/R

788,663

   1999, 5.850%, 3/01/19
 

1,000

Kansas City Land Clearance Redevelopment Authority, Missouri, Lease Revenue Bonds, Municipal

12/05 at 102.00

AAA

1,043,490

   Auditorium and Muehlebach Hotel Redevelopment Projects, Series 1995A, 5.900%, 12/01/18 - FSA

   Insured
 

2,000

Missouri Development Finance Board, Kansas City, Infrastructure Facilities Revenue Bonds, Midtown

4/10 at 100.00

AAA

2,218,960

   Redevelopment Project, Series 2000A, 5.750%, 4/01/22 - MBIA Insured
 

450

Monarch-Chesterfield Levee District, St. Louis County, Missouri, Levee District Improvement Bonds,

3/10 at 101.00

AAA

502,673

   Series 1999, 5.750%, 3/01/19 - MBIA Insured
 

600

Riverside, Missouri, Tax Increment Revenue Bonds, L-385 Levee Project, Series 2004, 5.250%,

5/15 at 100.00

BBB

614,934

   5/01/20
 

400

St. Joseph Industrial Development Authority, Missouri, Tax Increment Bonds, Shoppes at North

11/14 at 100.00

N/R

393,604

   Village Project, Series 2005A, 5.500%, 11/01/27 (WI, settling 3/10/05)
 

1,000

St. Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Carnahan Courthouse,

2/12 at 100.00

Aaa

1,133,680

   Series 2002A, 5.750%, 2/15/16 - FGIC Insured
 

2,000

Springfield Public Building Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park

6/10 at 100.00

AAA

2,266,460

   Projects, Series 2000A, 6.125%, 6/01/21 - AMBAC Insured
 

1,380

Springfield Center City Development Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park

11/11 at 100.00

Aaa

1,447,289

   Parking Garage, Series 2002D, 5.000%, 11/01/22 - AMBAC Insured

Transportation - 4.7% (3.2% of Total Investments)

 

500

Kansas City, Missouri, Passenger Facility Charge Revenue Bonds, Kansas City International Airport,

4/11 at 101.00

AAA

515,240

   Series 2001, 5.000%, 4/01/23 (Alternative Minimum Tax) - AMBAC Insured
 

1,000

St. Louis Land Clearance Redevelopment Authority, Missouri, Revenue Refunding and Improvement

9/09 at 102.00

N/R

1,078,790

   Bonds, LCRA Parking Facilities, Series 1999C, 7.000%, 9/01/19

U.S. Guaranteed *** - 8.0% (5.5% of Total Investments)

 

500

St. Louis County, Missouri, GNMA Collateralized Mortgage Revenue Bonds, Series 1993D, 5.650%,

No Opt. Call

AAA

576,745

   7/01/20 (Alternative Minimum Tax)
 

900

St. Louis County Pattonville School District R3, Missouri, General Obligation Bonds, Series 2000,

3/10 at 101.00

AAA

1,019,763

   5.750%, 3/01/17 (Pre-refunded to 3/01/10) - FGIC Insured
 

950

Texas County, Missouri, Hospital Revenue Bonds, Texas County Memorial Hospital, Series 2000,

6/10 at 100.00

N/R***

1,126,985

   7.250%, 6/15/25 (Pre-refunded to 6/15/10)

Utilities - 5.7% (3.9% of Total Investments)

 

1,800

Springfield Public Utilities Board, Missouri, Certificates of Participation, Series 2001, 5.000%,

12/09 at 100.00

AAA

1,931,598

   12/01/17 - AMBAC Insured

Water and Sewer - 3.9% (2.7% of Total Investments)

 

640

Metropolitan St. Louis Sewerage District, Missouri, Revenue Bonds, Wastewater System, Series 2004A,

5/14 at 100.00

AAA

686,426

   5.000%, 5/01/20 - MBIA Insured
 

350

Missouri Environmental Improvement and Energy Resources Authority, Water Pollution Control Revenue

No Opt. Call

Aaa

419,713

   Bonds, State Revolving Fund Program - Kansas City Project, Series 1997C, 6.750%, 1/01/12
 

210

Missouri Environmental Improvement and Energy Resources Authority, Water Pollution Control Revenue

1/06 at 101.00

Aaa

217,600

   Bonds, State Revolving Fund Program - Multi-Participants, Series 1996D, 5.875%, 1/01/15
$

45,375

Total Long-Term Investments (cost $45,900,989) - 145.0%

49,096,749

Other Assets Less Liabilities - 2.2%

771,506

Preferred Shares, at Liquidation Value - (47.2)%

(16,000,000)

Net Assets Applicable to Common Shares - 100%

$33,868,255

(1)  

All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares

unless otherwise noted.

*  

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.

**  

Ratings: Using the higher of Standard & Poor's or Moody's rating.

***  

Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency

securities which ensures the timely payment of principal and interest. Such securities are normally considered

to be equivalent to AAA rated securities.

N/R  

Investment is not rated.

(WI)  

Security purchased on a when-issued basis.

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 income on taxable market

discount securities and timing differences in recognizing certain gains and losses on security transactions.

At February 28, 2005, the cost of investments was $45,905,207.

Gross unrealized appreciation and gross unrealized depreciation of investments at February 28, 2005, were as

follows:

Gross unrealized:

   Appreciation

$3,219,950

   Depreciation

(28,408)

Net unrealized appreciation of investments

$3,191,542

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: 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 Missouri Premium Income Municipal Fund        

By (Signature and Title)*          /s/ Jessica R. Droeger--Vice President and Secretary        

Date         04/29/05        

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--Chief Administrative Officer (principal executive officer)        

Date         04/29/05        

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

Date         04/29/05        

* Print the name and title of each signing officer under his or her signature.