Exhibit 99.g.2 NUVEEN PERFORMANCE PLUS MUNICIPAL FUND, INC. AMENDMENT AND RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT This Agreement made this 1st day of June, 2000 by and between Nuveen Performance Plus Municipal Fund, Inc., a Minnesota corporation...

                                                                  Exhibit 99.g.2

                  NUVEEN PERFORMANCE PLUS MUNICIPAL FUND, INC.

            AMENDMENT AND RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT

This Agreement made this 1st day of June, 2000 by and between Nuveen Performance
Plus Municipal Fund, Inc., a Minnesota corporation (the "Fund"), and Nuveen
Advisory Corp., a Delaware corporation (the "Adviser");

WHEREAS, the parties hereto are the contracting parties under that certain
Investment Management Agreement (the "Agreement") pursuant to which the Adviser
furnishes investment management and other services to the Fund; and

WHEREAS, the Agreement terminates August 1, 2000 unless continued in the manner
required by the Investment Company Act of 1940; and

WHEREAS, the Board of Directors of the Fund, at a meeting called for the
purpose, have approved the amendment to the Agreement and the continuation of
the Agreement as amended until August 1, 2001 in the manner required by the
Investment Company Act of 1940.

NOW THEREFORE, the Fund and the Adviser hereby agree to amend the Agreement as
follows:

       For the services and facilities described in Section 1, an additional
       breakpoint is added to the existing management fee schedule. The last
       breakpoint in the existing Agreement of

                   Rate                                 Net Assets
                   ----                                 ----------
                  .5875%                     On assets of $2 billion and over

       shall be changed to:

                   Rate                                 Net Assets
                   ----                                 ----------
                  .5875%                      For the next $3 billion
                  .5750%                      On assets of $5 billion and over


NOW THEREFORE, in consideration of the mutual covenants contained herein and in
the Agreement as hereby amended, the Fund and the Adviser hereby agree to
continue the amended Agreement in effect until August 1, 2001 and ratify and
confirm the Agreement in all respects.

                                       NUVEEN PERFORMANCE PLUS
                                       MUNICIPAL FUND, INC.


                                       By:     /s/ Xxxxxxx X. Xxxxxxxxx
                                           ----------------------------
                                               Vice President

ATTEST:

         /s/ Xxxxxxxx X. X'Xxxx
------------------------------------
         Assistant Secretary

                                       NUVEEN ADVISORY CORP.


                                       By: /s/ Xxxxxx X. Xxxxxxxx
                                          --------------------------------
                                                Vice President

ATTEST:

         /s/ Xxxxx Xxxxxx
--------------------------------
         Assistant Secretary