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:          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 Maryland Premium Income Municipal Fund (NMY)
February 28, 2005


Principal

Optional Call

Market

Amount (000)

Description(1)

Provisions*

Ratings**

Value


Consumer Staples - 2.0% (1.4% of Total Investments)

 

$

3,240

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

5/12 at 100.00

BBB

$    3,207,211

   2002, 5.375%, 5/15/33


Education and Civic Organizations - 21.8% (14.7% of Total Investments)

 

Frederick County, Maryland, Educational Facilities Revenue Bonds, Mount St. Mary's College, Series

2001A:

200

   5.750%, 9/01/25

3/10 at 101.00

BBB

210,080

200

   5.800%, 9/01/30

3/10 at 101.00

BBB

210,640

 

1,000

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

4/14 at 100.00

A+

1,048,040

   2004, 5.250%, 4/01/34

 

1,000

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

6/09 at 102.00

Baa3

1,057,800

   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

2,334,038

   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

1,055,320

   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

1,110,860

1,000

   5.375%, 7/01/16 - AMBAC Insured

7/11 at 100.00

AAA

1,110,260

 

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

811,245

500

   5.250%, 7/01/30 - FSA Insured

1/11 at 101.00

AAA

530,705

 

1,500

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

7/07 at 102.00

AA

1,609,575

   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

1,536,986

   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-

1,286,950

   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

11,568,803

   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

6,149,832

2,680

   5.000%, 4/01/19

4/13 at 100.00

AA

2,880,491


Healthcare - 22.5% (15.2% of Total Investments)

 

2,000

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

6/09 at 101.00

A

2,139,440

   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

843,930

   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

1,061,640

   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+

1,523,595

   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

1,650,570

   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

3,407,690

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

 

1,400

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

7/12 at 100.00

Baa1

1,435,098

   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

3,446,008

   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

3,898,040

   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

1,057,560

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

 

1,750

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

8/14 at 100.00

Baa1

1,806,158

   2004, 5.375%, 8/15/24

 

1,540

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

7/14 at 100.00

A

1,585,522

   System, Series 2004A, 5.125%, 7/01/34

 

1,525

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

7/14 at 100.00

A2

1,603,675

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

 

1,665

Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Civista Medical Center,

7/14 at 100.00

AA

1,698,533

   Series 2005, 5.000%, 7/01/37 - RAAI Insured

 

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

Corporation, Series 1994:

825

   5.000%, 7/01/05

No Opt. Call

B3

819,506

3,080

   5.375%, 7/01/14

7/05 at 101.00

B3

2,752,350

6,000

   5.300%, 7/01/24

7/05 at 101.00

B3

4,960,500


Housing/Multifamily - 16.2% (10.9% of Total Investments)

 

1,795

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

5/05 at 102.00

AAA

1,835,370

   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

729,183

2,000

   6.100%, 7/01/25

7/06 at 102.00

AAA

2,072,580

 

2,500

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

1/09 at 101.00

Aa2

2,546,600

   7/01/41 (Alternative Minimum Tax)

 

880

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

1/10 at 100.00

Aa2

925,751

   7/01/32 (Alternative Minimum Tax)

 

1,450

Maryland Community Development Administration, FNMA Multifamily Development Revenue Bonds,

2/11 at 101.00

Aaa

1,560,592

   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

2,051,360

   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

1,551,495

   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

3,909,128

   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

2,098,420

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

 

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

2,065,140

1,670

   5.750%, 12/20/19

12/05 at 102.00

AAA

1,723,423

 

1,000

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

5/05 at 100.00

AAA

1,000,960

   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

570,877

   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

6/05 at 102.00

AAA

1,021,260

   1995A, 6.600%, 12/01/26


Housing/Single Family - 0.7% (0.4% of Total Investments)

 

750

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

8/07 at 102.00

AAA

785,978

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

 

60

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

8/10 at 100.00

AAA

63,482

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

 

330

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

6/13 at 100.00

AAA

327,938

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


Long-Term Care - 1.8% (1.2% of Total Investments)

 

1,000

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

1/09 at 101.00

AA

1,075,300

   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

1,769,465

   Series 1996A, 7.625%, 4/01/21


Tax Obligation/General - 28.5% (19.2% of Total Investments)

 

4,000

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

No Opt. Call

AA+

4,428,240

 

2,030

Anne Arundel County, Maryland, General Obligation Bonds, Series 2004, 5.000%, 4/01/16

4/14 at 100.00

AA+

2,223,073

 

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

2,500

   5.000%, 6/01/25

6/11 at 101.00

AAA

2,647,150

3,500

   5.000%, 6/01/26

6/11 at 101.00

AAA

3,682,420

 

1,000

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

No Opt. Call

A+

1,142,990

   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

1,069,220

1,000

   5.000%, 11/01/22

11/12 at 101.00

AA

1,064,320

 

3,000

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

7/09 at 101.00

AA

3,289,470

   7/01/18

 

615

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

7/10 at 102.00

AA

666,845

   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

805,266

1,625

   5.000%, 8/15/17

2/14 at 100.00

AAA

1,772,582

1,180

   5.000%, 8/15/19

2/14 at 100.00

AAA

1,276,913

 

1,190

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

1/14 at 100.00

AA

1,296,267

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

 

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

Series 2001:

1,750

   5.250%, 10/01/13

10/11 at 101.00

AAA

1,949,868

2,000

   5.250%, 10/01/18

10/11 at 101.00

AAA

2,205,740

 

2,000

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

No Opt. Call

AAA

2,219,420

   2004A, 5.000%, 4/01/13

 

925

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

6/10 at 100.00

A

986,799

 

1,000

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

12/11 at 101.00

AAA

1,102,840

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

 

2,000

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

9/12 at 101.00

AA

2,010,180

   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

6,228,080

   2003A, 5.000%, 10/01/18

 

2,255

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

No Opt. Call

AA

2,491,595

   2004C, 5.000%, 12/01/11

 

460

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

12/09 at 101.00

AAA

518,254

   12/01/19 - FGIC Insured


Tax Obligation/Limited - 22.1% (14.9% of Total Investments)

 

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

2003A:

1,500

   5.000%, 5/01/16

5/13 at 100.00

AA+

1,624,305

1,000

   5.000%, 5/01/18

5/13 at 100.00

AA+

1,077,480

 

1,725

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

2/12 at 100.00

AAA

1,897,241

 

900

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

7/14 at 102.00

N/R

907,758

   5.750%, 7/01/34

 

1,465

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

6/08 at 101.00

Aaa

1,556,870

   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

4,905,350

   2/01/16

 

2,000

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

No Opt. Call

AA

2,212,780

   5.000%, 5/01/13

 

1,875

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

6/12 at 100.50

AA+

2,083,538

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

 

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

Project, Series 2000:

875

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

10/10 at 101.00

AA+

940,896

925

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

10/10 at 101.00

AA+

992,738

 

1,700

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

6/13 at 100.00

AA+

1,797,648

   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

2,554,010

   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

1,063,180

 

675

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

7/12 at 101.00

AA

725,909

   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+

698,468

   2000, 5.125%, 11/01/15

 

1,000

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

7/16 at 100.00

A

1,105,620

   7/01/36

 

1,500

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

No Opt. Call

AAA

1,758,930

   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

2,318,190

 

2,000

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

10/10 at 101.00

BBB

2,296,740

   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

1,173,786

1,205

   5.250%, 6/01/21

6/10 at 100.00

AAA

1,303,605


Transportation - 4.3% (2.9% of Total Investments)

 

1,060

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

No Opt. Call

AAA

1,192,977

   7/01/17 - FGIC Insured

 

Maryland Health and Higher Educational Facilities Authority, Parking Facilities Revenue Bonds, John

Hopkins Medical Institution, Series 2004B:

355

   5.000%, 7/01/13 - AMBAC Insured

No Opt. Call

AAA

390,656

380

   5.000%, 7/01/14 - AMBAC Insured

No Opt. Call

AAA

418,859

 

2,075

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

6/06 at 102.00

CCC

1,465,033

   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

3,305,100

   5.000%, 1/01/12 - MBIA Insured


U.S. Guaranteed *** - 16.5% (11.1% of Total Investments)

 

2,500

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

8/12 at 100.00

AAA

2,761,850

   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

2,137,740

   Insured

 

2,000

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

No Opt. Call

AAA

2,211,740

   7/01/24 - FGIC Insured

 

1,500

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

7/10 at 100.00

AAA

1,684,680

   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

906,322

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

 

2,550

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

No Opt. Call

AAA

2,955,833

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

 

575

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

2/12 at 100.00

AAA

642,160

   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

1,900,652

1,000

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

8/12 at 100.00

AAA

1,105,030

 

145

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

2/12 at 100.00

AAA

161,936

   (Pre-refunded to 2/15/12)

 

1,875

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

7/05 at 100.00

AAA

1,919,006

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

 

3,125

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

7/05 at 100.00

Aaa

3,300,313

   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

3,380,596

   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

1,115,180

   10/01/20


Utilities - 10.6% (7.2% of Total Investments)

 

2,500

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

4/05 at 101.00

A2

2,576,500

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

 

6,500

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

7/05 at 101.00

A2

6,638,385

   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

2,554,820

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

 

5,000

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

No Opt. Call

A-

5,051,150

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


Water and Sewer - 0.7% (0.5% of Total Investments)

 

1,000

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

No Opt. Call

AAA

1,097,480

   7/01/24 - FGIC Insured


$

220,450

Total Long-Term Investments (cost $223,715,613) - 147.7%

234,039,525



Short-Term Investments - 0.6% (0.4% of Total Investments)

 

1,000

Puerto Rico Government Development Bank, Adjustable Refunding Bonds, Variable Rate Demand

A-1

1,000,000

   Obligations, Series 1985, 1.780%, 12/01/15 - MBIA Insured†


$

1,000

Total Short-Term Investments (cost $1,000,000)

1,000,000



Total Investments (cost $224,715,613) - 148.3%

235,039,525


Other Assets Less Liabilities - 1.6%

2,561,141


Preferred Shares, at Liquidation Value - (49.9)%

(79,100,000)


Net Assets Applicable to Common Shares - 100%

$158,500,666


(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.

N/R  

Investment is not rated.

†  

Security has a maturity of more than one year, but has variable rate and demand features which qualify it as a

short-term security. The rate disclosed is that in effect at the end of the reporting period. This rate changes

periodically based on market conditions or a specified market index.

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 $224,449,402.

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

were as follows:


Gross unrealized:

   Appreciation

$11,708,319

   Depreciation

(1,118,196)


Net unrealized appreciation of investments

$10,590,123


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 Maryland 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.