(e) 2
Exhibit A to Nuveen Mutual Funds NUVEEN
Dealer Distribution and Xxxx Nuveen & Co. Incorporated
Shareholder Servicing Agreement 000 Xxxx Xxxxxx Xxxxx
Policies and Procedures With Respect to Xxxxxxx, XX 00000-0000
Sales of Multiple Classes of Funds (000) 000-0000
The Nuveen non-money market open-end mutual funds (the "Funds") have one or more
of the following classes of shares generally available to the public: Class A
Shares, which are normally subject to an up-front sales charge and a service
fee; Class B Shares, which are subject to an asset-based sales charge, a service
fee, and a declining contingent deferred sales charge ("CDSC"); and Class C
Shares, which are subject to an asset-based sales charge, a service fee, and a
12-month CDSC. It is important for an investor to choose the method of
purchasing shares which best suits his or her particular circumstances. To
assist investors in these decisions, Xxxx Nuveen & Co. Incorporated, underwriter
for the Nuveen Mutual Funds, has instituted the following policies with respect
to orders for Fund shares. These policies apply to each Authorized Dealer which
distributes Fund shares.
1. Purchase orders for a single purchaser equal to or exceeding $1,000,000
should be placed only for Class A shares, unless such purchase for Class B
or Class C Shares has been reviewed and approved by the Authorized Dealer's
appropriate supervisor.
2. Any purchase order for less than $1,000,000 may be for Class A, Class B or
Class C Shares in light of the relevant facts and circumstances, including:
a) the specific purchase order dollar amount;
b) the length of time the investor expects to hold his or her Shares;
c) whether the investor expects to reinvest dividends; and
d) any other relevant circumstances such as the availability of purchases
under a letter of intent, a combined discount or a cumulative
discount, as described in the Prospectus for the Fund, and any
anticipated changes in the funds net asset value per share.
There are instances when one method of purchasing Shares may be more appropriate
than the other. For example, investors who would qualify for a significant
discount from the maximum sales load on Class A Shares might determine that
payment of such a reduced up-front sales charge is preferable to the payment of
a higher ongoing distribution fee on Class B or Class C Shares. On the other
hand, investors who prefer not to pay an up-front sales charge may wish to defer
the sales charge by purchasing Class B or Class C Shares. Those who plan to
redeem their shares within 5 years might consider Class C Shares, particularly
if they do not expect to reinvest dividends in additional shares. Note that, if
an investor anticipates redeeming Class B Shares within a short period of time
such as one year, that investor may bear higher distribution expenses than if
Class A Shares had been purchased. In addition, investors who intend to hold
their shares for a significantly long time may not wish to bear the higher
ongoing-asset-based sales charges of Class B or Class C Shares, irrespective of
the fact that the CDSC that would apply to a redemption of Class B Shares is
reduced over time and is ultimately eliminated, and that the CDSC that would
apply to a redemption of Class C Shares is relatively short in duration and
small in amount.
Appropriate supervisory personnel within your organization must ensure that all
employees receiving investor inquiries about the purchase of shares of the Funds
advise the investor of the available pricing structures offered by the Funds and
the impact of choosing one method over another, including breakpoints and the
availability of letters of intent, combined purchases and cumulative discounts.
In some instances it may be appropriate for a supervisory person to discuss a
purchase with the investor.
These policies are effective immediately with respect to any order for the
purchase of shares of the Funds.
October 4, 1996
Exhibit A (Page 2)
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A SHARE B SHARE C SHARE R SHARE
CUSIP Quotron CUSIP Quotron CUSIP Quotron CUSIP Quotron
Number Symbol Number Symbol Number Symbol Number Symbol
Equity Mutual Funds
Nuveen Xxxxxxxxxxx Growth Fund 00000X000 # 00000X000 # 00000X000 # 00000X000 NRGRX
Nuveen Growth and Income Stock Fund 00000X000 XXXXX 00000X000 XXXXX 00000X000 # 00000X000 NNGRX
Nuveen Balanced Stock and Bond Fund 00000X000 NNSAX 00000X000 # 00000X000 # 00000X000 #
Nuveen Balanced Municipal and Stock Fund 00000X000 NBMSX 00000X000 # 00000X000 # 00000X000 #
Nuveen Flagship Utility Fund 00000X000 FUIAX - - 00000X000 FLUCX - -
Nuveen Income Fund
Nuveen European Value Fund 00000X000 # # 00000X000 # # 00000X000 # 00000X000 #
Municipal Mutual Funds
Nuveen Municipal Bond Fund 00000X000 NMBAX 00000X000 # 00000X000 00000X000 NUVBX
Nuveen Insured Municipal Bond Fund 00000X000 NMBIX 00000X000 # 00000X000 NMBKX* 00000X000 NITNX
Nuveen Flagship All-American Tax Exempt Fund 00000X000 FLAAX 00000X000 # 00000X000 FAACX 00000X000 #
Nuveen Flagship Limited Term Tax Exempt Fund 00000X000 FLTDX - - 00000X000 FLTCX 00000X000 #
Nuveen Flagship Intermediate Tax Exempt Fund 00000X000 FINTX - - 00000X000 FINCX* 00000X000 #
Nuveen Flagship AZ Municipal Bond Fund 00000X000 FAZTX 00000X000 # 00000X000 FAZCX* 00000X000 NMARX
Nuveen CA Municipal Bond Fund 00000X000 NCAAX* 00000X000 # 00000X000 NCACX 00000X000 NCSPX
Nuveen CA Insured Municipal Bond Fund 00000X000 NCAIX 00000X000 # 00000X000 NCAKX* 00000X000 NCIBX
Nuveen Flagship CO Municipal Bond Fund 00000X000 FCOTX 00000X000 # 00000X000 # 00000X000 #
Nuveen Flagship CT Municipal Bond Fund 00000X000 FCTTX 00000X000 # 00000X000 FCTCX* 00000X000 #
Nuveen Flagship FL Municipal Bond Fund 00000X000 FLOTX 00000X000 # 00000X000 FLCTX* 00000X000 NMFLX
Nuveen Flagship GA Municipal Bond Fund 00000X000 FGATX 00000X000 # 00000X000 FGACX 00000X000 #
Nuveen Flagship KS Municipal Bond Fund 00000X000 FKSTX 00000X000 # 00000X000 # 00000X000 #
Nuveen Flagship KY Municipal Bond Fund 00000X000 FKYTX 00000X000 # 00000X000 FKYCX 00000X000 #
Nuveen Flagship KY Limited Term Municipal Xxxx 00000X000 XXXXX* - - 00000X000 FLKCX* 00000X000 #
Nuveen Flagship LA Municipal Bond Fund 00000X000 FTLAX 00000X000 # 00000X000 FTLCX* 00000X000 #
Nuveen MD Municipal Bond Fund 00000X000 NMDAX 00000X000 # 00000X000 NMDCX* 00000X000 NMMDX
Nuveen MA Municipal Bond Fund 00000X000 NMAAX 00000X000 # 00000X000 NMZCX* 00000X000 NBMAX
Nuveen MA Insured Municipal Bond Fund 00000X000 NMAIX 00000X000 # 00000X000 NMAKX* 00000X000 NIMAX
Nuveen Flagship MI Municipal Bond Fund 00000X000 FMITX 00000X000 # 00000X000 FLMCX 00000X000 NMMIX
Nuveen Flagship MO Municipal Bond Fund 00000X000 FMOTX 00000X000 # 00000X000 FMOCX* 00000X000 #
Nuveen Flagship NJ Municipal Bond Fund 00000X000 NNJAX 00000X000 # 00000X000 NNJCX* 00000X000 NMNJX
Nuveen Flagship NM Municipal Xxxx Xxxx 00000X000 XXXXX 00000X000 # 00000X000 # 00000X000 #
Nuveen Flagship NY Municipal Bond Fund 00000X000 NNYAX 00000X000 # 00000X000 NNYCX* 00000X000 NTNYX
Nuveen NY Insured Municipal Bond Fund 00000X000 NNYIX 00000X000 # 00000X000 NNYKX* 00000X000 NINYX
Nuveen Flagship NC Municipal Bond Fund 00000X000 FLNCX 00000X000 # 00000X000 FCNCX* 00000X000 #
Nuveen Flagship OH Municipal Xxxx Xxxx 00000X000 XXXXX 00000X000 # 00000X000 FOHCX 00000X000 NXOHX
Nuveen Flagship PA Municipal Bond Fund 00000X000 FPNTX 00000X000 # 00000X000 FPMBX* 00000X000 NBPAX
Nuveen Flagship TN Municipal Bond Fund 00000X000 FTNTX 00000X000 # 00000X000 FTNCX 00000X000 #
Nuveen Flagship VA Municipal Bond Fund 00000X000 FVATX 00000X000 # 00000X000 FVACX* 00000X000 NMVAX
Nuveen Flagship WI Municipal Bond Fund 00000X000 FWIAX 00000X000 # 00000X000 # 00000X000 #
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# Will receive a supplemental listing when the number of class shareholder
accounts is 300 or when the class asset base reaches $1 million.
NOTE: A Quotron Symbol requires 1,000 shareholder accounts or $25 million
in assets.
*Denotes supplemental listing only
Effective June 26, 1998
Although not covered by this Agreement, following are the Nuveen Money Market
Funds.
-------------------
CUSIP Quotron
Number Symbol
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Nuveen Tax-Free Money Market Funds
Nuveen Tax-Exempt Money Market Fund, Inc. 670634104 NUVXX
Nuveen Tax-Free Reserves, Inc. 670639103 NRFXX
Nuveen CA Tax-Free Money Market Fund-
Service Portfolio 00000X000 NCTXX
Distribution Portfolio 00000X000 NCTXX
Institutional Portfolio 00000X000 NCTXX
Nuveen MA Tax-Free Money Market Fund-
Service Portfolio 670637107 NMAXX
Distribution Portfolio 670637206 NMAXX
Institutional Portfolio 670637305 NMAXX
Nuveen NY Tax-Free Money Market Fund-
Service Portfolio 670637404 NTFXX
Distribution Portfolio 670637503 NTFXX
Institutional Portfolio 670637602 NTFXX
----------------------------------------------------------------------
Effective June 26, 1998
