Form N-SAR, Sub-Item 77q1(e) Any new or amended investment advisory contracts Nuveen California Municipal Value Fund 2 333-157060, 811-22272 We hereby incorporate by reference a new Sub- Advisory Agreement filed as Exhibit 99G.5 to Conformed...

Form N-SAR, Sub-Item 77q1(e)
Any new or amended investment advisory contracts


Nuveen California Municipal Value Fund 2
333-157060, 811-22272



We hereby incorporate by reference a new Sub-
Advisory Agreement filed as Exhibit 99G.5 to
Conformed Submission Type N-2A, accession
number 0001193125-11-081798, on March 30,
2011.