Nuveen Maryland 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         811-7486         

        Nuveen Maryland 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:          08/31/04         

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 Maryland Premium Income Municipal Fund (NMY)
August 31, 2004


Principal

Optional Call

Market

Amount (000)

Description(1)

Provisions*

Ratings**

Value


Consumer Staples - 1.9%

 

$

3,255

Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series

5/12 at 100.00

BBB

$    2,951,016

   2002, 5.375%, 5/15/33


Education and Civic Organizations - 21.6%

 

1,000

Hartford County, Maryland, Economic Development Revenue Bonds, Battelle Memorial Institute, Series

4/14 at 100.00

A+

1,025,080

   2004, 5.250%, 4/01/34

 

1,000

Maryland Economic Development Corporation, Student Housing Revenue Bonds, Collegiate Housing

6/09 at 102.00

Baa3

1,040,490

   Foundation - Salisbury State University, Series 1999A, 6.000%, 6/01/19

 

2,250

Maryland Economic Development Corporation, Student Housing Revenue Bonds, Collegiate Housing

6/09 at 102.00

Baa2

2,274,188

   Foundation - College Park, Series 1999A, 5.750%, 6/01/24

 

1,000

Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland -

10/13 at 100.00

Baa3

1,039,950

   Baltimore, Series 2003A, 5.625%, 10/01/23

 

Maryland Economic Development Corporation, Utility Infrastructure Revenue Bonds, University of

Maryland - College Park Project, Series 2001:

1,000

   5.375%, 7/01/15 - AMBAC Insured

7/11 at 100.00

AAA

1,116,890

1,000

   5.375%, 7/01/16 - AMBAC Insured

7/11 at 100.00

AAA

1,113,670

 

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Bullis School,

Series 2000:

750

   5.250%, 7/01/25 - FSA Insured

1/11 at 101.00

AAA

794,603

500

   5.250%, 7/01/30 - FSA Insured

1/11 at 101.00

AAA

524,350

 

1,500

Maryland Health and Higher Educational Facilities Authority, Revenue Refunding Bonds, Johns Hopkins

7/07 at 102.00

AA

1,625,385

   University, Series 1997, 5.625%, 7/01/27

 

1,460

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute

6/11 at 100.00

Baa1

1,506,121

   College of Art, Series 2001, 5.625%, 6/01/36

 

1,250

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, Series

7/14 at 100.00

A-

1,260,875

   2004, 5.125%, 7/01/34

 

9,445

Morgan State University, Maryland, Student Tuition and Fee Revenue Refunding Bonds, Academic Fees

No Opt. Call

AAA

11,555,202

   and Auxiliary Facilities, Series 1993, 6.100%, 7/01/20 - MBIA Insured

 

University of Maryland, Auxiliary Facility and Tuition Revenue Bonds, Series 2003A:

5,645

   5.000%, 4/01/15

4/13 at 100.00

AA

6,191,154

2,680

   5.000%, 4/01/19

4/13 at 100.00

AA

2,869,985


Healthcare - 23.4%

 

2,550

Gaithersburg, Maryland, Hospital Facilities Refunding and Improvement Revenue Bonds, Shady Grove

No Opt. Call

AAA

3,093,278

   Adventist Hospital, Series 1995, 6.500%, 9/01/12 - FSA Insured

 

2,000

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Kaiser Permanente

6/09 at 101.00

A

2,127,640

   System, Series 1998A, 5.375%, 7/01/15

 

750

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland

7/10 at 101.00

A3

846,397

   Medical System, Series 2000, 6.750%, 7/01/30

 

1,000

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins Hospital,

7/08 at 101.00

AAA

1,051,220

   Howard County General Hospital Acquisition, Series 1998, 5.000%, 7/01/19 - MBIA Insured

 

1,500

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Greater Baltimore

7/11 at 100.00

A+

1,504,110

   Medical Center, Series 2001, 5.000%, 7/01/34

 

1,500

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland

7/12 at 100.00

A

1,637,220

   Medical System, Series 2002, 6.000%, 7/01/22

 

3,250

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll County General

7/12 at 100.00

Baa1

3,352,603

   Hospital, Series 2002, 5.800%, 7/01/32

 

2,000

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial

7/12 at 100.00

A3

2,020,540

   Hospital, Series 2002, 5.125%, 7/01/35

 

3,250

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Union Hospital of Cecil

7/12 at 100.00

A3

3,372,623

   County, Series 2002, 5.625%, 7/01/32

 

3,800

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Kennedy Krieger

7/13 at 100.00

Baa2

3,816,834

   Institute, Series 2003, 5.500%, 7/01/33

 

1,000

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland

7/13 at 100.00

AAA

1,036,420

   Medical System, Series 2004B, 5.000%, 7/01/24 - AMBAC Insured

 

1,500

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Medstar Health, Series

8/14 at 100.00

BBB

1,512,615

   2004, 5.375%, 8/15/24

 

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health

System, Series 2004A:

340

   4.750%, 7/01/28

7/14 at 100.00

A

327,529

1,540

   5.125%, 7/01/34

7/14 at 100.00

A

1,553,398

 

1,525

Maryland Health and Higher Education Facilities Authority, Revenue Bonds, Calvert Memorial

7/14 at 100.00

A2

1,554,936

   Hospital, Series 2004, 5.500%, 7/01/36

 

Prince George's County, Maryland, Revenue Refunding and Project Bonds, Dimensions Health

Corporation, Series 1994:

825

   5.000%, 7/01/05

1/05 at 102.00

B3

759,388

3,080

   5.375%, 7/01/14

1/05 at 102.00

B3

2,467,850

6,000

   5.300%, 7/01/24

1/05 at 102.00

B3

4,617,360


Housing/Multifamily - 19.3%

 

1,795

Charles County, Maryland, FHA-Insured Mortgage Revenue Refunding Bonds, Holly Station IV Townhouses

5/05 at 102.00

AAA

1,848,024

   Project, Series 1995A, 6.450%, 5/01/26

 

Howard County, Maryland, FHA-Insured Mortgage Revenue Refunding Bonds, Normandy Woods III

Apartments Project, Series 1996A:

700

   6.000%, 7/01/17

7/06 at 102.00

AAA

734,048

2,000

   6.100%, 7/01/25

7/06 at 102.00

AAA

2,081,200

 

2,500

Maryland Community Development Administration, Housing Revenue Bonds, Series 1999A, 5.350%,

1/09 at 101.00

Aa2

2,543,150

   7/01/41 (Alternative Minimum Tax)

 

880

Maryland Community Development Administration, Housing Revenue Bonds, Series 1999B, 6.250%,

1/10 at 100.00

Aa2

927,291

   7/01/32 (Alternative Minimum Tax)

 

1,450

Maryland Community Development Administration, FNMA Multifamily Development Revenue Bonds,

2/11 at 101.00

Aaa

1,559,939

   Edgewater Village Apartments, Series 2000B, 5.800%, 8/01/20 (Alternative Minimum Tax)

 

2,000

Montgomery County Housing Opportunities Commission, Maryland, GNMA/FHA-Insured Multifamily Housing

7/05 at 102.00

Aa2

2,068,500

   Revenue Bonds, Series 1995A, 5.900%, 7/01/15

 

1,500

Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing Development

7/06 at 102.00

Aaa

1,557,735

   Bonds, Series 1996B, 5.900%, 7/01/26

 

3,830

Montgomery County Housing Opportunities Commission, Maryland, FNMA/FHA-Insured Multifamily Housing

7/08 at 101.00

Aaa

3,905,719

   Development Bonds, Series 1998A, 5.200%, 7/01/30

 

2,000

Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing Development

7/10 at 100.00

Aaa

2,101,100

   Bonds, Series 2000A, 6.100%, 7/01/30

 

Prince George's County Housing Authority, Maryland, Mortgage Revenue Refunding Bonds, Cherry Hill

Apartments, Series 1993A:

1,090

   5.900%, 9/20/10 - FSA Insured

10/04 at 101.00

AAA

1,104,497

1,930

   6.000%, 9/20/15 - FSA Insured

10/04 at 101.00

AAA

1,955,804

 

1,500

Prince George's County Housing Authority, Maryland, GNMA Collateralized Mortgage Revenue Refunding

12/04 at 102.00

AAA

1,538,955

   Bonds, Riverview Terrace Apartments, Series 1995A, 6.700%, 6/20/20

 

Prince George's County Housing Authority, Maryland, GNMA Collateralized Mortgage Revenue Refunding

Bonds, Overlook Apartments, Series 1995A:

2,000

   5.700%, 12/20/15

12/05 at 102.00

AAA

2,081,120

1,670

   5.750%, 12/20/19

12/05 at 102.00

AAA

1,733,143

 

1,000

Prince George's County Housing Authority, Maryland, GNMA Collateralized Mortgage Revenue Refunding

11/04 at 100.00

AAA

1,001,000

   Bonds, Foxglenn Apartments, Series 1998A, 5.450%, 11/20/14 (Alternative Minimum Tax)

 

540

Prince George's County Housing Authority, Maryland, GNMA Collateralized Mortgage Revenue Bonds,

9/09 at 102.00

AAA

571,174

   University Landing Apartments, Series 1999, 6.100%, 3/20/41 (Alternative Minimum Tax)

 

1,000

Salisbury, Maryland, FHA-Insured Mortgage Revenue Refunding Bonds, College Lane Apartments, Series

12/04 at 102.00

AAA

1,023,510

   1995A, 6.600%, 12/01/26


Housing/Single Family - 0.9%

 

870

Prince George's County Housing Authority, Maryland, FHLMC/FNMA/GNMA Collateralized Single Family

8/07 at 102.00

AAA

915,632

   Mortgage Revenue Bonds, Series 1997A, 5.625%, 8/01/17 (Alternative Minimum Tax)

 

70

Prince George's County Housing Authority, Maryland, FHLMC/FNMA/GNMA Collateralized Single Family

8/10 at 100.00

AAA

74,087

   Mortgage Revenue Bonds, Series 2000A, 6.150%, 8/01/19 (Alternative Minimum Tax)

 

370

Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program, Home Mortgage Revenue

6/13 at 100.00

AAA

364,258

   Bonds, Series 2003A, 4.875%, 6/01/34 (Alternative Minimum Tax)


Long-Term Care - 1.8%

 

1,000

Carroll County, Maryland, Revenue Refunding Bonds, EMA Obligated Group, Series 1999A, 5.625%,

1/09 at 101.00

AA

1,064,290

   1/01/25 - RAAI Insured

 

1,745

Maryland Economic Development Corporation, Health and Mental Hygiene Providers Revenue Bonds,

4/11 at 102.00

N/R

1,758,454

   Series 1996A, 7.625%, 4/01/21


Tax Obligation/General - 24.5%

 

4,000

Anne Arundel County, Maryland, General Obligation Bonds, Series 2003, 5.000%, 3/01/13

No Opt. Call

AA+

4,472,760

 

Baltimore County, Maryland, Metropolitan District General Obligation Bonds, 67th Issue:

2,500

   5.000%, 6/01/25

6/11 at 101.00

AAA

2,606,000

3,500

   5.000%, 6/01/26

6/11 at 101.00

AAA

3,631,600

 

1,000

Baltimore, Maryland, General Obligation Bonds, Consolidated Public Improvement, Series 1989B,

No Opt. Call

A+

1,177,160

   7.150%, 10/15/08

 

Frederick County, Maryland, General Obligation Public Facilities Bonds, Series 2002:

1,000

   5.000%, 11/01/21

11/12 at 101.00

AA

1,066,540

1,000

   5.000%, 11/01/22

11/12 at 101.00

AA

1,060,110

 

3,000

Frederick County, Maryland, General Obligation Public Facilities Bonds, Series 1999, 5.250%,

7/09 at 101.00

AA

3,328,020

   7/01/18

 

500

Frederick County, Maryland, Special Obligation Bonds, Villages of Lake Linganore Community

7/10 at 102.00

AA

532,110

   Development Authority, Series 2001A, 5.700%, 7/01/29 - RAAI Insured

 

Howard County, Maryland, Consolidated Public Improvement Bonds, Series 2004B:

735

   5.000%, 8/15/16

2/14 at 100.00

AAA

810,948

1,625

   5.000%, 8/15/17

2/14 at 100.00

AAA

1,783,389

1,180

   5.000%, 8/15/19

2/14 at 100.00

AAA

1,279,380

 

1,190

Maryland National Capital Park and Planning Commission, Prince George's County, General Obligation

1/14 at 100.00

AA

1,301,170

   Bonds, Park Acquisition and Development, Series 2004EE-2, 5.000%, 1/15/17

 

Montgomery County, Maryland, General Obligation Consolidated Public Improvement Refunding Bonds,

Series 2001:

1,750

   5.250%, 10/01/13

10/11 at 101.00

AAA

1,984,693

2,000

   5.250%, 10/01/18

10/11 at 101.00

AAA

2,190,600

 

925

Northern Mariana Islands, General Obligation Bonds, Series 2000A, 6.000%, 6/01/20 - ACA Insured

6/10 at 100.00

A

983,220

 

1,000

Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series

12/11 at 101.00

AAA

1,088,400

   2001, 5.250%, 12/01/20 - FGIC Insured

 

2,500

Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series

9/12 at 101.00

AA

2,503,025

   2002, 4.100%, 9/15/19

 

5,770

Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series

10/13 at 100.00

AA

6,258,257

   2003A, 5.000%, 10/01/18

 

460

Wicomico County, Maryland, General Obligation Public Improvement Bonds, Series 1999, 5.750%,

12/09 at 101.00

AAA

524,188

   12/01/19 - FGIC Insured


Tax Obligation/Limited - 22.3%

 

Baltimore Board of School Commissioners, Maryland, City Public School System Revenue Bonds,

Series 2003A:

1,500

   5.000%, 5/01/16

5/13 at 100.00

AA+

1,636,995

1,000

   5.000%, 5/01/18

5/13 at 100.00

AA+

1,079,040

 

1,725

Howard County, Maryland, Metropolitan District Refunding Bonds, Series 2002A, 5.250%, 8/15/18

2/12 at 100.00

AAA

1,909,403

 

900

Hyattsville, Maryland, Special Obligation Bonds, University Town Center Project, Series 2004,

7/14 at 102.00

N/R

905,679

   5.750%, 7/01/34

 

1,465

Maryland Community Development Administration, Infrastructure Financing Bonds, Series 1998B,

6/08 at 101.00

Aaa

1,512,056

   5.200%, 6/01/28 - MBIA Insured

 

4,250

Maryland Department of Transportation, County Transportation Revenue Bonds, Series 2002, 5.500%,

No Opt. Call

AA

4,950,485

   2/01/16

 

2,000

Maryland Department of Transportation, Consolidated Transportation Revenue Bonds, Series 2004,

No Opt. Call

AA

2,238,060

   5.000%, 5/01/13

 

1,875

Maryland Economic Development Corporation, Lease Revenue Bonds, Department of Transportation

6/12 at 100.50

AA+

2,063,306

   Headquarters Building, Series 2002, 5.375%, 6/01/19

 

Maryland Department of Transportation, Certificates of Participation, Mass Transit Administration

Project, Series 2000:

880

   5.500%, 10/15/19 (Alternative Minimum Tax)

10/10 at 101.00

AA+

941,820

930

   5.500%, 10/15/20 (Alternative Minimum Tax)

10/10 at 101.00

AA+

992,236

 

1,700

Maryland Stadium Authority, Lease Revenue Bonds, Montgomery County Conference Center Facilities,

6/13 at 100.00

AA+

1,765,399

   Series 2003, 5.000%, 6/15/24

 

2,455

Maryland Stadium Authority, Lease Revenue Bonds, Sports Facilities, Series 1996, 5.750%, 3/01/18 -

3/06 at 101.00

AAA

2,614,624

   AMBAC Insured

 

1,000

Montgomery County, Maryland, Lease Revenue Bonds, Metrorail Garage, Series 2002, 5.000%, 6/01/21

6/12 at 100.00

AA

1,050,030

 

675

Montgomery County, Maryland, Special Obligation Bonds, West Germantown Development District, Senior

7/12 at 101.00

AA

711,767

   Series 2002A, 5.500%, 7/01/27 - RAAI Insured

 

635

New Baltimore City Board of School Commissioners, Maryland, School System Revenue Bonds, Series

11/10 at 100.00

AA+

702,742

   2000, 5.125%, 11/01/15

 

1,000

Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 1996Y, 5.500%,

7/16 at 100.00

A

1,068,720

   7/01/36

 

1,500

Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2003AA, 5.500%,

No Opt. Call

AAA

1,758,105

   7/01/19 - MBIA Insured

 

2,100

Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21 - FSA Insured

8/12 at 100.00

AAA

2,293,221

 

2,000

Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Notes, Series 1999A, 6.500%,

10/10 at 101.00

BBB

2,282,100

   10/01/24

 

Washington Suburban Sanitary District, Montgomery and Prince George's Counties, Maryland, General

Obligation Construction Bonds, Series 2000:

1,085

   5.250%, 6/01/20

6/10 at 100.00

AAA

1,182,466

1,205

   5.250%, 6/01/21

6/10 at 100.00

AAA

1,308,799


Transportation - 3.7%

 

1,060

Baltimore, Maryland, Revenue Refunding Bonds, Parking System Facilities, Series 1998A, 5.250%,

No Opt. Call

AAA

1,202,771

   7/01/17 - FGIC Insured

 

2,075

Puerto Rico Ports Authority, Special Facilities Revenue Bonds, American Airlines Inc., Series

6/06 at 102.00

CCC

1,284,861

   1996A, 6.250%, 6/01/26 (Alternative Minimum Tax)

 

3,000

District of Columbia Metropolitan Area Transit Authority, Gross Revenue Bonds, Series 2003,

No Opt. Call

AAA

3,351,390

   5.000%, 1/01/12 - MBIA Insured


U.S. Guaranteed*** - 14.8%

 

2,500

Baltimore County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2002,

8/12 at 100.00

AAA

2,795,400

   5.000%, 8/01/18 (Pre-refunded to 8/01/12)

 

2,000

Baltimore, Maryland, Revenue Refunding Bonds, Water Projects, Series 1998A, 5.000%, 7/01/28 - FGIC

7/08 at 101.00

AAA

2,113,460

   Insured

 

2,000

Baltimore, Maryland, Revenue Refunding Bonds, Water System Projects, Series 1994A, 5.000%,

No Opt. Call

AAA

2,158,960

   7/01/24 - FGIC Insured

 

1,500

Baltimore, Maryland, Project and Revenue Refunding Bonds, Wastewater Projects, Series 2000A,

7/10 at 100.00

AAA

1,717,410

   5.625%, 7/01/30 (Pre-refunded to 7/01/10) - FSA Insured

 

845

Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2000,

7/10 at 100.00

AAA

923,322

   5.750%, 7/01/20 (Pre-refunded to 7/01/10)

 

575

Howard County, Maryland, Consolidated Public Improvement Refunding Bonds, Series 2002A, 5.250%,

2/12 at 100.00

AAA

650,387

   8/15/18 (Pre-refunded to 2/15/12)

 

Howard County, Maryland, Consolidated Public Improvement Refunding Bonds, Series 2003A:

1,720

   5.000%, 8/15/17 (Pre-refunded to 8/15/12)

8/12 at 100.00

AAA

1,923,733

1,000

   5.000%, 8/15/22 (Pre-refunded to 8/15/12)

8/12 at 100.00

AAA

1,118,450

 

145

Howard County, Maryland, Metropolitan District Refunding Bonds, Series 2002A, 5.250%, 8/15/18

2/12 at 100.00

AAA

164,010

   (Pre-refunded to 2/15/12)

 

1,875

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Good Samaritan

11/04 at 101.00

AAA

1,955,718

   Hospital, Series 1993, 5.750%, 7/01/19 - AMBAC Insured

 

3,125

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Howard County General

11/04 at 101.00

Aaa

3,250,593

   Hospital, Series 1993, 5.500%, 7/01/25

 

3,135

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Helix Health, Series

No Opt. Call

AAA

3,317,770

   1997, 5.000%, 7/01/27 - AMBAC Insured

 

1,000

Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A, 5.500%,

10/10 at 101.00

AAA

1,097,480

   10/01/20


Utilities - 13.0%

 

6,000

Anne Arundel County, Maryland, Pollution Control Revenue Refunding Bonds, Baltimore Gas and

10/04 at 102.00

A2

6,169,200

   Electric Company Project, Series 1994, 6.000%, 4/01/24

 

6,500

Calvert County, Maryland, Pollution Control Revenue Refunding Bonds, Baltimore Gas and Electric

1/05 at 102.00

A2

6,638,060

   Company Project, Series 1993, 5.550%, 7/15/14

 

2,500

Maryland Energy Financing Administration, Revenue Bonds, AES Warrior Run Project, Series 1995,

9/05 at 102.00

N/R

2,561,200

   7.400%, 9/01/19 (Alternative Minimum Tax)

 

5,000

Prince George's County, Maryland, Pollution Control Revenue Refunding Bonds, Potomac Electric Power

1/05 at 100.00

A-

5,041,700

   Company, Series 1993, 6.375%, 1/15/23


Water and Sewer - 0.7%

 

1,000

Baltimore, Maryland, Revenue Refunding Bonds, Water System Projects, Series 1994A, 5.000%,

No Opt. Call

AAA

1,076,710

   7/01/24 - FGIC Insured


$

220,655

Total Long-Term Investments (cost $223,276,235) - 147.9%

232,114,758



Other Assets Less Liabilities - 2.5%

3,949,869


Preferred Shares, at Liquidation Value - (50.4)%

(79,100,000)


Net Assets Applicable to Common Shares - 100%

$156,964,627


(1)  

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

shares.

*  

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.

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 August 31, 2004, the cost of investments was $223,040,610.

Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2004,

were as follows:


Gross unrealized:

   Appreciation

$11,159,913

   Depreciation

(2,085,765)


Net unrealized appreciation of investments

$   9,074,148


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 has materially affected, or is 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 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 Maryland Premium Income Municipal Fund        

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

Date         10/29/04        

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         10/29/04        

By (Signature and Title)*         /s/ Stephen D. Foy--Vice President and Controller (Principal Financial Officer)        

Date         10/29/04        

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