EXHIBIT E2
Renewal of Distribution Agreement
This Agreement made this 31st day of July, 1997 by and between Nuveen Flagship
Municipal Trust, a Massachusetts business trust (the "Fund"), and Xxxx Nuveen &
Co. Incorporated, a Delaware corporation (the "Underwriter");
WHEREAS, the parties hereto are the contracting parties under that certain
Distribution Agreement (the "Agreement") pursuant to which the Underwriter
acts as agent for the distribution of shares of the Fund; and
WHEREAS, the Agreement terminates August 1, 1997 unless continued in the manner
required by the Investment Company Act of 1940;
WHEREAS, the Board of Trustees of the Fund, at a meeting called for the purpose
of reviewing the Agreement has approved the Agreement and its continuance
until August 1, 1998 in the manner required by the Investment Company Act of
1940;
NOW THEREFORE, in consideration of the mutual covenants contained in the
Agreement the parties hereto do hereby continue the Agreement in effect until
August 1, 1998 and ratify and confirm the Agreement in all respects.
NUVEEN FLAGSHIP MUNICIPAL TRUST
By: /s/ Xxxxxxx X. Xxxxxxxxx
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Vice President
ATTEST:
/s/ Xxxxx X. Xxxxx
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Assistant Secretary
XXXX NUVEEN & CO. INCORPORATED
By: /s/ Xxxx Xxxxxxxxx
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Vice President
ATTEST:
/s/ Xxxxx Xxxxxx
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Assistant Secretary
