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 811-21407

Nuveen Diversified Dividend and Income Fund

(Exact name of registrant as specified in charter)

     333 West Wacker Drive, Chicago, Illinois 60606     
(Address of principal executive offices) (Zip code)

Kevin J. McCarthy—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:        12/31      

Date of reporting period:    3/31/2009   

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 Diversified Dividend and Income Fund (JDD)
March 31, 2009

Shares		Description (1)	Value
		Common Stocks – 37.0% (25.4% of Total Investments)
		Aerospace & Defense – 3.6%
	16,700	Lockheed Martin Corporation	$	1,152,801
	45,600	Northrop Grumman Corporation		1,989,984
	52,200	Raytheon Company		2,032,668
		Total Aerospace & Defense		5,175,453
		Commercial Banks – 2.3%
	72,400	JPMorgan Chase & Co.		1,924,392
	94,500	Wells Fargo & Company		1,345,680
		Total Commercial Banks		3,270,072
		Commercial Services & Supplies – 2.2%
	135,100	Pitney Bowes Inc.		3,154,585
		Containers & Packaging – 0.9%
	95,000	Packaging Corp. of America		1,236,900
		Diversified Telecommunication Services – 2.1%
	49,000	AT&T Inc.		1,234,800
	60,000	Verizon Communications Inc.		1,812,000
		Total Diversified Telecommunication Services		3,046,800
		Electric Utilities – 0.8%
	32,200	EDP – Energias de Portugal, S.A., Sponsored ADR		1,124,746
		Food Products – 0.9%
	55,722	Kraft Foods Inc.		1,242,043
		Hotels, Restaurants & Leisure – 1.0%
	118,000	Starwood Hotels & Resorts Worldwide, Inc.		1,498,600
		Household Products – 0.8%
	25,000	Kimberly-Clark Corporation		1,152,750
		Industrial Conglomerates – 0.6%
	80,000	General Electric Company		808,800
		Insurance – 3.5%
	65,400	Hartford Financial Services Group, Inc.		513,390
	90,900	MetLife, Inc.		2,069,793
	60,500	Travelers Companies, Inc.		2,458,720
		Total Insurance		5,041,903
		Machinery – 1.9%
	32,700	Caterpillar Inc.		914,292
	36,000	Illinois Tool Works Inc.		1,110,600
	53,000	Ingersoll Rand Company Limited, Class A		731,400
		Total Machinery		2,756,292
		Media – 0.1%
	55,000	CBS Corporation, Class B		211,200
		Metals & Mining – 2.0%
	48,000	Barrick Gold Corporation		1,556,160
	13,000	POSCO, ADR		868,790
	23,000	United States Steel Corporation		485,990
		Total Metals & Mining		2,910,940
		Multi-Utilities – 0.6%
	63,981	United Utilities PLC, Sponsored ADR		882,938
		Oil, Gas & Consumable Fuels – 4.3%
	20,000	Chevron Corporation		1,344,800
	37,900	ConocoPhillips		1,484,164
	50,000	Eni S.p.A., Sponsored ADR		1,916,000
	30,000	Total S.A., Sponsored ADR		1,471,800
		Total Oil, Gas & Consumable Fuels		6,216,764
		Pharmaceuticals – 4.6%
	43,400	GlaxoSmithKline PLC, ADR		1,348,438
	63,100	Merck & Co. Inc.		1,687,925
	117,800	Pfizer Inc.		1,604,436
	68,000	Sanofi-Aventis, ADR		1,899,240
		Total Pharmaceuticals		6,540,039
		Road & Rail – 0.6%
	21,500	Union Pacific Corporation		883,865
		Software – 2.1%
	83,700	CA Inc.		1,473,957
	79,800	Microsoft Corporation		1,465,926
		Total Software		2,939,883
		Tobacco – 2.1%
	21,900	Lorillard Inc.		1,352,106
	46,300	Philip Morris International		1,647,354
		Total Tobacco		2,999,460
		Total Common Stocks (cost $70,757,855)		53,094,033

Shares		Description (1)	Value
		Real Estate Investment Trust Common Stocks – 21.9% (15.0% of Total Investments)
		Diversified - 0.7%
	30,500	Vornado Realty Trust	$	1,013,820
		Industrial - 0.0%
	21,600	First Industrial Realty Trust, Inc.		52,920
		Office - 4.5%
	54,400	Boston Properties, Inc.		1,905,632
	200,300	Brandywine Realty Trust		570,855
	194,000	Douglas Emmett Inc.		1,433,660
	93,600	Mack-Cali Realty Corporation		1,854,216
	61,900	SL Green Realty Corporation		668,520
		Total Office		6,432,883
		Residential - 5.0%
	192,526	Apartment Investment & Management Company, Class A		1,055,042
	38,375	AvalonBay Communities, Inc.		1,805,928
	66,500	Camden Property Trust		1,435,070
	81,500	Equity Residential		1,495,525
	132,600	Post Properties, Inc.		1,344,564
		Total Residential		7,136,129
		Retail - 4.4%
	50,900	Federal Realty Investment Trust		2,341,399
	95,200	Macerich Company		595,952
	40,000	Regency Centers Corporation		1,062,800
	35,520	Simon Property Group, Inc.		1,230,413
	66,600	Taubman Centers Inc.		1,134,864
		Total Retail		6,365,428
		Specialized - 7.3%
	74,557	Cogdell Spencer Inc.		380,241
	351,400	DiamondRock Hospitality Company		1,409,114
	229,400	Extra Space Storage Inc.		1,263,994
	79,600	Health Care Property Investors Inc.		1,420,860
	139,800	Host Hotels & Resorts Inc.		548,016
	28,874	Public Storage, Inc.		1,595,289
	137,500	Senior Housing Properties Trust		1,927,750
	82,400	Ventas Inc.		1,863,064
		Total Specialized		10,408,328
		Total Real Estate Investment Trust Common Stocks (cost $74,491,917)		31,409,508

Shares		Description (1)	Coupon	Ratings (2)	Value
		Capital Preferred Securities – 0.9% (0.6% of Total Investments)
		Food Products – 0.9%
	15	HJ Heinz Finance Company, 144A	8.000%	BB+	$	1,297,500
		Total Capital Preferred Securities (cost $1,310,000)				1,297,500

			Weighted
Principal			Average
Amount (000)		Description (1)	Coupon	Maturity (3)	Ratings (2)	Value
		Variable Rate Senior Loan Interests – 45.1% (31.0% of Total Investments) (4)
		Aerospace & Defense – 1.2%
$	1,163	Hexcel Corporation, Term Loan B	3.400%	3/01/12	BB+	$	1,035,044
	694	Vought Aircraft Industries, Inc., Term Loan	3.020%	12/22/11	Ba3		551,444
	242	Vought Aircraft Industries, Inc., Tranche B, Letter of Credit	2.936%	12/22/10	Ba3		179,394
	2,099	Total Aerospace & Defense					1,765,882
		Building Products – 0.5%
	955	Stile Acquisition Corporation, Canadian Term Loan	4.250%	4/05/13	Caa3		387,697
	966	Stile Acquisition Corporation, Term Loan B	4.250%	4/05/13	Caa3		391,975
	1,921	Total Building Products					779,672
		Chemicals – 2.6%
	400	Celanese US Holdings LLC, Credit Linked Deposit	0.497%	4/02/14	BB+		343,727
	916	Celanese US Holdings LLC, Term Loan	2.935%	4/02/14	BB+		787,095
	874	Georgia Gulf Corporation, Term Loan	8.696%	10/03/13	B		383,307
	1,950	Hexion Specialty Chemicals, Inc., Term Loan C4	3.438%	5/05/13	Ba3		585,000
	1,890	Rockwood Specialties Group, Inc., Term Loan E	2.268%	7/30/12	BB+		1,661,851
	6,030	Total Chemicals					3,760,980
		Containers & Packaging – 2.0%
	2,759	Graham Packaging Company, L.P., Term Loan	3.567%	10/07/11	B+		2,366,705
	122	Smurfit-Stone Container Corporation, Canadian Revolver, (5)	3.070%	11/01/09	N/R		81,985
	74	Smurfit-Stone Container Corporation, Deposit-Funded Commitment, (5)	4.500%	11/01/11	N/R		49,564
	84	Smurfit-Stone Container Corporation, Term Loan B, (5)	2.750%	11/01/11	N/R		56,406
	158	Smurfit-Stone Container Corporation, Term Loan C, (5)	2.750%	11/01/11	N/R		106,760
	48	Smurfit-Stone Container Corporation, Tranche C1, (5)	2.750%	11/01/11	N/R		32,278
	312	Smurfit-Stone Container Corporation, US Revolver, (5)	3.070%	11/01/09	N/R		192,384
	3,557	Total Containers & Packaging					2,886,082
		Diversified Consumer Services – 1.3%
	1,955	Weight Watchers International, Inc., Term Loan B	2.381%	1/26/14	BB+		1,824,667
		Diversified Telecommunication Services – 2.7%
	1,931	Intelsat, Tranche B, Term Loan	3.925%	7/01/13	BB-		1,736,541
	1,950	MetroPCS Wireless, Inc., Term Loan	3.213%	11/03/13	Ba2		1,779,646
	458	Verifone, Inc., Term Loan B	3.270%	10/31/13	Ba2		372,863
	4,339	Total Diversified Telecommunication Services					3,889,050
		Electric Utilities – 2.6%
	1,702	Dynegy Holdings, Inc., Delayed Term Loan	2.020%	4/02/13	Ba1		1,490,426
	293	Dynegy Holdings, Inc., Term Loan	2.020%	4/02/13	Ba1		256,912
	1,970	TXU Corporation, Term Loan B2	4.033%	10/10/14	Ba3		1,306,972
	987	TXU Corporation, Term Loan B3	4.033%	10/10/14	Ba3		653,493
	4,952	Total Electric Utilities					3,707,803
		Electrical Equipment – 0.9%
	1,409	Sensus Metering Systems, Inc., Term Loan B1	2.856%	12/17/10	BB		1,274,870
		Electronic Equipment & Instruments – 0.3%
	972	Sensata Technologies B.V., Term Loan	2.934%	4/27/13	B		420,120
		Health Care Equipment & Supplies – 1.2%
	1,980	Biomet, Inc., Term Loan	4.155%	3/24/15	BB-		1,790,274
		Health Care Providers & Services – 4.5%
	1,300	Fresenius SE, Term Loan B1	6.750%	7/06/14	BBB-		1,290,040
	700	Fresenius SE, Term Loan B2	6.750%	7/06/14	BBB-		694,960
	1,858	Health Management Associates, Inc., Term Loan	2.970%	2/28/14	BB-		1,512,531
	1,940	Quintiles Transnational Corporation, Term Loan B	2.957%	3/29/13	BB		1,741,150
	233	United Surgical Partners International, Inc., Delayed Term Loan	2.550%	4/18/14	Ba3		195,040
	1,233	United Surgical Partners International, Inc., Term Loan	2.840%	4/18/14	Ba3		1,032,556
	7,264	Total Health Care Providers & Services					6,466,277
		Hotels, Restaurants & Leisure – 2.5%
	1,940	24 Hour Fitness Worldwide, Inc., Term Loan B	3.489%	6/08/12	Ba3		989,400
	763	CBRL Group, Inc., Term Loan B1	2.688%	4/27/13	BB-		657,589
	92	CBRL Group, Inc., Term Loan B2	2.000%	4/28/13	BB-		79,108
	89	Travelport LLC, Letter of Credit	3.470%	8/23/13	Ba2		52,344
	445	Travelport LLC, Term Loan	3.023%	8/23/13	Ba2		260,869
	595	Venetian Casino Resort LLC, Delayed Term Loan	2.270%	5/23/14	B-		318,965
	2,358	Venetian Casino Resort LLC, Term Loan	2.270%	5/23/14	B-		1,263,004
	6,282	Total Hotels, Restaurants & Leisure					3,621,279
		Independent Power Producers & Energy Traders – 1.8%
	750	Kgen LLC, Synthetic Letter of Credit	3.000%	2/05/14	BB		521,250
	1,222	Kgen LLC, Term Loan B	2.313%	2/05/14	BB		849,203
	469	NRG Energy, Inc., Credit Linked Deposit	2.720%	2/01/13	Ba1		422,962
	877	NRG Energy, Inc., Term Loan	2.720%	2/01/13	Ba1		791,621
	3,318	Total Independent Power Producers & Energy Traders					2,585,036
		Insurance – 0.3%
	1,152	Conseco, Inc., Term Loan	2.564%	10/10/13	Caa1		374,294
		IT Services – 2.1%
	1,970	First Data Corporation, Term Loan B1	3.272%	9/24/14	Ba3		1,334,552
	2,017	SunGard Data Systems, Inc., Term Loan B	2.696%	2/28/14	BB		1,719,112
	3,987	Total IT Services					3,053,664
		Machinery – 1.0%
	1,995	Manitowoc Company, Term Loan	6.500%	11/06/14	BB+		1,433,906
		Media – 10.4%
	1,965	CanWest Mediaworks LP, Term Loan	3.256%	7/10/15	B3		751,612
	980	Cequel Communications LLC, Term Loan B	2.521%	11/05/13	BB-		849,878
	2,173	Charter Communications Operating Holdings LLC, Term Loan	3.211%	3/06/14	B1		1,783,261
	1,965	Discovery Communications Holdings LLC, Term Loan	3.220%	5/14/14	N/R		1,824,191
	1,852	Emmis Operating Company, Term Loan	2.288%	11/01/13	B+		780,202
	1,955	Idearc, Inc., Term Loan (5), (6)	3.220%	11/17/14	B3		755,119
	965	Metro-Goldwyn-Mayer Studios, Inc., Term Loan B	3.768%	4/08/12	N/R		435,915
	1,950	Neilsen Finance LLC, Term Loan	2.533%	8/09/13	Ba3		1,526,433
	1,975	Tribune Company, Term Loan B (5), (6)	0.000%	6/04/14	Ca		522,316
	341	Tribune Company, Term Loan X (5), (6)	0.000%	6/04/09	Ca		88,576
	2,000	Univision Communications, Inc., Term Loan	2.768%	9/29/14	B2		1,048,750
	2,000	UPC Broadband Holding BV, Term Loan N	2.247%	12/31/14	Ba3		1,738,000
	1,887	WMG Acquisition Corporation, Term Loan	2.982%	2/28/11	BB		1,666,244
	2,000	Yell Group PLC, Term Loan	3.518%	10/27/12	N/R		1,135,000
	24,008	Total Media					14,905,497
		Metals & Mining – 1.0%
	669	Amsted Industries, Inc., Delayed Term Loan	3.243%	4/06/13	BB		605,362
	921	Amsted Industries, Inc., Term Loan	3.124%	4/06/13	BB		833,559
	1,590	Total Metals & Mining					1,438,921
		Paper & Forest Products – 0.9%
	1,450	Georgia-Pacific Corporation, Term Loan B	3.258%	12/21/12	BB+		1,282,771
		Pharmaceuticals – 1.4%
	2,118	Mylan Laboratories, Inc., Term Loan	4.367%	10/02/14	BB		1,972,232
		Real Estate Management & Development – 0.5%
	1,320	LNR Property Corporation, Term Loan B	4.000%	7/12/11	BB		717,750
		Road & Rail – 1.0%
	111	Hertz Corporation, Letter of Credit	3.477%	12/21/12	BB+		84,667
	608	Hertz Corporation, Term Loan	2.297%	12/21/12	BB+		463,571
	1,767	Swift Transportation Company, Inc., Term Loan	3.750%	5/10/14	B-		905,815
	2,486	Total Road & Rail					1,454,053
		Specialty Retail – 0.5%
	1,480	TRU 2005 RE Holding Co I LLC, Term Loan	3.497%	12/08/09	B3		680,949
		Textiles, Apparel & Luxury Goods – 0.8%
	1,216	HBI Branded Apparel Limited, Inc., Term Loan	5.909%	9/05/13	BB+		1,165,474
		Trading Companies & Distributors – 1.1%
	912	Ashtead Group Public Limited Company, Term Loan	2.375%	8/31/11	BB+		775,200
	196	Brenntag Holdings GmbH & Co. KG, Acquisition Facility	2.598%	1/20/14	B+		144,327
	804	Brenntag Holdings GmbH & Co. KG, Facility B2	3.206%	1/20/14	B+		590,673
	1,912	Total Trading Companies & Distributors					1,510,200
$	90,792	Total Variable Rate Senior Loan Interests (cost $90,610,599)					64,761,703

Principal
Amount (000) (7)			Description (1)	Coupon	Maturity	Ratings (2)	Value
			Emerging Markets Debt and Foreign Corporate Bonds – 32.6% (22.3% of Total Investments)
			Argentina – 0.4%
$	2,246		Republic of Argentina	8.280%	12/31/33	B-	$	617,738
			Brazil – 2.3%
	900	BRL	Banco ABN AMRO Real S.A., Reg S	16.200%	2/22/10	N/R		398,836
	190		Centrais Eletricas Brasileiras S.A., 144A	7.750%	11/30/15	BBB-		190,950
	225		Cia Brasileira de Bebidas	10.500%	12/15/11	Baa1		254,475
	695	BRL	Companhia Energetica de Sao Paulo, Corporate Bond, 144A	9.750%	1/15/15	Ba2		292,847
	205		Federative Republic of Brazil	10.500%	7/14/14	BBB-		253,688
	220		Federative Republic of Brazil	7.875%	3/07/15	BBB-		244,200
	795	BRL	Federative Republic of Brazil	12.500%	1/05/22	BBB-		359,845
	295		Federative Republic of Brazil	8.750%	2/04/25	BBB-		337,775
	265		Globo Comunicacao Participacoes, S.A., 144A	7.250%	4/26/22	BBB+		229,225
	65	BRL	National Treasury Note of Brazil	6.000%	5/15/15	Ba1		493,072
	1,100	BRL	RBS Zero Hora Editora Jornalistica S.A., 144A	11.250%	6/15/17	BB		293,108
			Total Brazil					3,348,021
			Chile – 2.7%
	600		Coldelco Inc., Reg S	6.375%	11/30/12	A1		635,326
	450		Coporacion Nacional del Cobre de Chile, Reg S	5.625%	9/21/35	A1		391,033
	1,245		Coporacion Nacional del Cobre de Chile, Reg S	6.150%	10/24/36	A1		1,187,869
	430		Corporacion Nacional del Cobre, 144A	5.500%	10/15/13	A1		445,168
	240		Corporacion Nacional del Cobre, 144A	4.750%	10/15/14	A1		238,522
	935		Empresa Nacional del Petroleo, Reg S	6.750%	11/15/12	A		958,550
	55		Empresa Nacional del Petroleo, 144A	4.875%	3/15/14	A		50,963
			Total Chile					3,907,431
			Colombia – 2.0%
	480,000	COP	Bogota Distrito Capital, Reg S	9.750%	7/26/28	Baa3		160,213
	135		Republic of Colombia	10.000%	1/23/12	BBB-		154,913
	745		Republic of Colombia	7.375%	3/18/19	BBB-		746,863
	335		Republic of Colombia	11.750%	2/25/20	BBB-		419,420
	1,912,000	COP	Republic of Colombia	9.850%	6/28/27	BB+		746,686
	700		Republic of Colombia	7.375%	9/18/37	BBB-		628,250
			Total Colombia					2,856,345
			Dominican Republic – 0.7%
	1,230		Dominican Republic, Reg S	9.040%	1/23/18	B		959,087
			El Salvador – 1.0%
	445		Republic of El Salvador, Reg S	7.750%	1/24/23	Baa3		422,750
	860		Republic of El Salvador, Reg S	8.250%	4/10/32	Baa3		675,100
	465		Republic of El Salvador, Reg S	7.625%	9/21/34	Baa3		383,625
			Total El Salvador					1,481,475
			Gabon – 0.1%
	185		Republic of Gabon	8.200%	12/12/17	BB-		137,825
			Ghana – 0.4%
	800		Republic of Ghana, Reg S	8.500%	10/04/17	B+		500,000
			Hungary – 0.9%
	108,000	HUF	Republic of Hungary, Government Bond	5.500%	2/12/14	Baa1		345,740
	1,125		Republic of Hungary, Treasury Bill	4.750%	2/03/15	Baa1		955,383
			Total Hungary					1,301,123
			India – 0.4%
	905		Vedanta Resources PLC, 144A	9.500%	7/18/18	BB		574,675
			Indonesia – 2.1%
	255		Majapahit Holdings B.V., 144A	7.250%	10/17/11	BB-		234,600
	745		Majapahit Holdings B.V., Reg S	7.250%	6/28/17	BB-		518,468
	275		Majapahit Holdings B.V., Reg S	7.875%	6/28/37	BB-		157,280
	320		Republic of Indonesia	10.375%	5/04/14	BB-		335,200
	425		Republic of Indonesia	6.875%	1/17/18	BB-		341,063
	320		Republic of Indonesia	11.625%	3/04/19	BB-		349,600
	1,350		Republic of Indonesia, 144A	7.750%	1/17/38	BB-		1,053,000
			Total Indonesia					2,989,211
			Israel – 0.5%
	390		Israel Electric Corporation Limited, 144A	7.250%	1/15/19	BBB		392,141
	310		Israel Electric Corporation Limited, 144A	9.375%	1/28/20	BBB		347,030
			Total Israel					739,171
			Kazakhstan – 1.3%
	454		Intergas Finance B.V., Reg S	6.375%	5/14/17	Baa1		265,590
	465		KazMuniaGaz Finance Subsidiary, 144A	9.125%	7/02/18	Baa1		344,100
	1,355		KazMuniaGaz Finance Subsidiary, Reg S	9.125%	7/02/18	Baa1		1,020,450
	257		Tengizchevroil LLP, 144A	6.124%	11/15/14	Baa3		204,460
			Total Kazakhstan					1,834,600
			Malaysia – 2.0%
	950		Penerbangan Malaysia Berhad, Reg S	5.625%	3/15/16	A-		950,323
	525		Pertoliam Nasional Berhad, Reg S	7.625%	10/15/26	A1		529,563
	135		Petroliam Nasional Berhad, Reg S	7.750%	8/15/15	A1		151,663
	140		Petronas Capital Limited, Reg S	7.000%	5/22/12	A1		149,984
	1,100		Republic of Malaysia	8.750%	6/01/09	A-		1,110,538
			Total Malaysia					2,892,071
			Mexico – 1.4%
	618		Conproca S.A., Reg S	12.000%	6/16/10	BBB+		646,275
	80		Banco Mercantil del Norte, Reg S (8)	6.135%	10/13/16	A3		52,484
	2,825	MXN	Mexico Bonos de DeSarrollo	7.750%	12/14/17	A+		199,136
	405		Petroleos Mexicanos	8.000%	5/03/19	BBB+		396,900
	4,500	MXN	United Mexican States	8.000%	12/19/13	A+		327,329
	356		United Mexican States	6.050%	1/11/40	BBB+		306,160
			Total Mexico					1,928,284
			Morocco – 0.7%
	755	EUR	Kingdom of Morocco, Reg S	5.375%	6/27/17	BBB-		948,457
			Pakistan – 0.7%
	885		Islamic Republic of Pakistan, Reg S	7.125%	3/31/16	B3		434,308
	1,080		Islamic Republic of Pakistan, Reg S	6.875%	6/01/17	B3		531,900
			Total Pakistan					966,208
			Panama – 0.8%
	630		Republic of Panama	7.250%	3/15/15	BB+		645,750
	479		Republic of Panama	9.375%	4/01/29	BB+		528,098
			Total Panama					1,173,848
			Peru – 1.5%
	340		Republic of Peru	9.125%	2/21/12	BBB-		383,180
	175	EUR	Republic of Peru	7.500%	10/14/14	BBB-		232,156
	215		Republic of Peru	8.375%	5/03/16	BBB-		239,833
	505		Republic of Peru	7.125%	3/30/19	BBB-		512,449
	325		Republic of Peru	7.350%	7/21/25	BBB-		328,250
	525		Republic of Peru	6.550%	3/14/37	BBB-		472,500
			Total Peru					2,168,368
			Philippines – 1.3%
	255		Bangko Sentral ng Pilipinas, Series A	8.600%	6/15/27	BB-		246,712
	220		National Power Corporation, Reg S	5.501%	8/23/11	BB-		218,396
	265		National Power Corporation, Reg S	6.875%	11/02/16	BB-		248,354
	380		National Power Corporation	9.625%	5/15/28	BB-		343,900
	435	EUR	Republic of the Philippines	6.250%	3/15/16	BB-		505,698
	235		Republic of the Philippines	8.375%	6/17/19	BB-		257,325
			Total Philippines					1,820,385
			Poland – 0.8%
	175		Republic of Poland	5.250%	1/15/14	A2		173,775
	1,090		Republic of Poland	5.000%	10/19/15	A2		1,032,775
			Total Poland					1,206,550
			Qatar – 0.4%
	50		Ras Laffan Liquefied Natural Gas Co., Ltd., 144A	3.437%	9/15/09	Aa2		49,194
	105		Ras Laffan Liquified Natural Gas Company Limited, Reg S	3.437%	9/15/09	Aa2		103,028
	575		Ras Laffan Liquified Natural Gas II, Reg S	5.298%	9/30/20	Aa2		474,892
			Total Qatar					627,114
			Russian Federation – 0.8%
	165		Gaz Capital S.A., Reg S	8.625%	4/28/34	A3		149,325
	410		Russian Agricultural Bank	6.299%	5/15/17	Baa1		293,150
	745		Russia Federation, Reg S	7.500%	3/31/30	Baa1		709,742
			Total Russian Federation					1,152,217
			Serbia – 1.1%
	1,375		Republic of Serbia, 144A	3.750%	11/01/24	BB-		976,250
	775		Republic of Serbia, Reg S	3.750%	11/01/24	BB-		550,560
			Total Serbia					1,526,810
			South Africa – 1.7%
	1,205		Republic of South Africa	7.375%	4/25/12	BBB+		1,247,175
	1,315		Republic of South Africa	5.875%	5/30/22	BBB+		1,186,788
			Total South Africa					2,433,963
			Tunisia – 1.6%
	2,165		Banque de Tunisie	7.375%	4/25/12	BBB		2,197,474
	110	EUR	Banque de Tunisie, Reg S	4.500%	6/22/20	BBB		103,033
			Total Tunisia					2,300,507
			Turkey – 0.5%
	513	TRY	Republic of Turkey, Government Bond	10.000%	2/15/12	BB		287,824
	575		Republic of Turkey, Government Bond	7.250%	3/05/38	BB-		468,625
			Total Turkey					756,449
			Ukraine – 0.2%
	535		Republic of Ukraine, Reg S	6.875%	3/04/11	B1		294,164
			Uruguay – 1.3%
	1,222		Oriental Republic of Uruguay	7.625%	3/21/36	BB		983,431
	830		Republic of Uruguay	8.000%	11/18/22	BB		752,644
	117		Republic of Uruguay	7.875%	1/15/33	BB		96,784
			Total Uruguay					1,832,859
			United Arab Emirates – 0.3%
	435		Abu Dhabi National Energy Company, 144A	7.250%	8/01/18	Aa2		415,523
			United States – 0.2%
	295		Petrobras International Finance Company	7.875%	3/15/19	Baa1		307,154
			Venezuela – 0.5%
	605		Republic of Venezuela	9.250%	9/15/27	BB-		353,925
	95		Republic of Venezuela, Reg S	9.250%	5/07/28	BB-		48,260
	615		Republic of Venezuela	9.375%	1/13/34	BB-		318,263
			Total Venezuela					720,448
			Total Emerging Markets Debt and Foreign Corporate Bonds (cost $51,148,211)					46,718,081
Principal
Amount (000)			Description (1)	Coupon	Maturity		Value
			Short-Term Investments – 8.3% (5.7% of Total Investments)
$	11,899		Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/31/09,	0.100%	4/01/09		$	11,899,484
			repurchase price $11,899,517, collateralized by $7,940,000 U.S. Treasury Bonds, 7.500%, due 11/15/24, value $12,138,672
			Total Short-Term Investments (cost $11,899,484)					11,899,484
			Total Investments (cost $300,218,066) – 145.8%					209,180,309
			Other Assets Less Liabilities – (0.5)%					(698,970	)
			FundPreferred Shares, at Liquidation Value – (45.3)% (9)					(65,000,000	)
			Net Assets Applicable to Common Shares – 100%					$143,481,339

Investments in Derivatives

Forward Foreign Currency Exchange Contracts outstanding at March 31, 2009:

							Unrealized
							Appreciation
	Amount		In Exchange For	Amount		Settlement	(Depreciation)
Currency Contracts to Deliver	(Local Currency)		Currency	(Local Currency)		Date	(U.S. Dollars)
Brazilian Real		1,700,000	U.S. Dollar		714,136	6/17/09	$	(5,327	)
Brazilian Real		1,700,000	U.S. Dollar		713,686	6/17/09		(5,777	)
Brazilian Real		801,000	U.S. Dollar		336,060	6/17/09		(2,933	)
Brazilian Real		125,000	U.S. Dollar		54,395	6/17/09		1,493
Colombian Peso		888,696,000	U.S. Dollar		371,995	4/23/09		23,240
Colombian Peso		1,650,434,000	U.S. Dollar		690,269	4/23/09		42,582
Euro		1,305,000	U.S. Dollar		1,658,616	6/17/09		(75,370	)
Euro		37,000	U.S. Dollar		47,832	6/17/09		(1,331	)
Euro		194,000	U.S. Dollar		262,851	6/17/09		5,078
Euro		50,000	U.S. Dollar		66,260	6/17/09		(176	)
Hungarian Forint		41,800,000	U.S. Dollar		172,513	6/17/09		(4,744	)
Hungarian Forint		41,800,000	U.S. Dollar		173,106	6/17/09		(4,150	)
Indonesian Rupiah		5,605,688,000	U.S. Dollar		559,450	7/16/09		87,990
Kazakhstan Tenge		68,500,000	U.S. Dollar		538,099	5/15/09		88,770
Mexican Peso		7,715,000	U.S. Dollar		496,621	6/17/09		(40,814	)
New Romanian Leu		834,000	U.S. Dollar		231,931	6/17/09		(22,339	)
Peruvian Nouveau Sol		700,000	U.S. Dollar		219,298	6/05/09		(875	)
South Korean Won		618,144,000	U.S. Dollar		614,000	7/01/09		165,674
Turkish New Lira		503,000	U.S. Dollar		277,563	6/17/09		(19,204	)
U.S. Dollar		247,660	Euro		195,000	6/17/09		11,442
U.S. Dollar		17,717	Euro		13,000	6/17/09		(444	)
U.S. Dollar		576,420	Indonesian Rupiah		5,605,688,000	7/16/09		(104,960	)
U.S. Dollar		200,637	Kazakhstan Tenge		31,500,000	5/15/09		5,989
U.S. Dollar		509,062	Mexican Peso		7,300,000	6/17/09		(537	)
U.S. Dollar		254,101	New Romanian Leu		834,000	6/17/09		168
U.S. Dollar		547,515	South Korean Won		618,144,000	7/01/09		(99,189	)
U.S. Dollar		400,588	Yuan Renminbi		2,723,000	9/21/09		(1,218	)
U.S. Dollar		394,559	Yuan Renminbi		2,683,000	9/21/09		(1,055	)
U.S. Dollar		400,765	Yuan Renminbi		2,724,000	9/21/09		(1,248	)
Vietnamese Dong		7,476,200,000	U.S. Dollar		393,484	5/29/09		(21,918	)
Yuan Renminbi		2,522,000	U.S. Dollar		359,772	9/21/09		(10,119	)
Yuan Renminbi		3,085,000	U.S. Dollar		440,872	9/21/09		(11,591	)
Yuan Renminbi		2,523,000	U.S. Dollar		359,914	9/21/09		(10,123	)
Yuan Renminbi		1,680,000	U.S. Dollar		239,658	2/22/10		(6,969	)
							$	(19,985	)

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:

  Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

  Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

The following is a summary of the Fund’s fair value measurements as of March 31, 2009:

	Level 1		Level 2			Level 3		Total
Investments	$	94,395,341	$	114,732,484		$	52,484	$	209,180,309
Derivatives*		—		(19,985	)		—		(19,985	)
Total	$	94,395,341	$	114,712,499		$	52,484	$	209,160,324

* Represents net unrealized appreciation (depreciation). Derivatives may include outstanding futures, forward and swap contracts.

The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:

	Level 3
	Investments
Balance at beginning of period	$	1,269,746
Gains (losses):
Net realized gains (losses)		—
Net change in unrealized appreciation (depreciation)		86,947
Net purchases at cost (sales at proceeds)		54,800
Net discounts (premiums)		2,504
Net transfers in to (out of) at end of period fair value		(1,361,513	)
Balance at end of period	$	52,484

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 the treatment of paydown gains and losses, recognition of premium amortization, recognition of income on REIT investments and timing differences in recognizing certain gains and losses on investment transactions. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

At March 31, 2009, the cost of investments was $302,223,350.

Gross unrealized appreciation and gross unrealized depreciation of investments at March 31, 2009, were as follows:

Gross unrealized:
Appreciation	$	6,704,385
Depreciation		(99,747,426	)
Net unrealized appreciation (depreciation) of investments	$	(93,043,041	)

(1)	All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(2)	Ratings: Using the higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be below investment grade.
(3)	Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a Borrower to prepay, prepayments of Senior Loans may occur. As a result, the actual remaining maturity of Senior Loans held may be substantially less than the stated maturities shown.
(4)	Senior Loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks.
	Senior Loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the Agent Bank and/or Borrower prior to the disposition of a Senior Loan.
(5)	This issue is under the protection of the Federal Bankruptcy Court.
(6)	Non-income producing; denotes that the issuer has defaulted on the payment of principal or interest or has filed for bankruptcy.
(7)	Principal Amount (000) denominated in U.S. Dollars, unless otherwise noted.
(8)	Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Trustees.
(9)	FundPreferred Shares, at Liquidation Value as a percentage of Total Investments is 31.1%.
N/R	Not Rated.
144A	Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers.
ADR	American Depositary Receipt.
Reg S	Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States.
BRL	Brazilian Real
COP	Colombian Peso
EUR	Euro
HUF	Hungarian Forint
MXN	Mexican Peso
TRY	Turkish New Lira

Item 2. Controls and Procedures.

a.

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)).

b.

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 Diversified Dividend and Income Fund

By (Signature and Title)	/s/ Kevin J. McCarthy
	Kevin J. McCarthy
	Vice President and Secretary

Date May 29, 2009

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
	Gifford R. Zimmerman
	Chief Administrative Officer (principal executive officer)

Date May 29, 2009

By (Signature and Title)	/s/ Stephen D. Foy
	Stephen D. Foy
	Vice President and Controller (principal financial officer)

Date May 29, 2009