CORRESP

0001193125-12-424577.txt : 20130107 0001193125-12-424577.hdr.sgml : 20130107 20121016161823 ACCESSION NUMBER: 0001193125-12-424577 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20121016 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN CALIFORNIA DIVIDEND ADVANTAGE MUNICIPAL FUND 2 CENTRAL INDEX KEY: 0001127706 IRS NUMBER: 367333823 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: C/O JOHN NUVEEN & CO INC STREET 2: 333 W. WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 MAIL ADDRESS: STREET 1: C/O JOHN NUVEEN & CO INC STREET 2: 333 W. WACKER DR. CITY: CHICAGO STATE: IL ZIP: 60606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN NEW JERSEY DIVIDEND ADVANTAGE MUNICIPAL FUND 2 CENTRAL INDEX KEY: 0001161070 IRS NUMBER: 752998783 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178146 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN MASSACHUSETTS PREMIUM INCOME MUNICIPAL FUND CENTRAL INDEX KEY: 0000897419 IRS NUMBER: 367032570 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178200 MAIL ADDRESS: STREET 1: 333 WEST WACKER DRIVE STREET 2: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 CORRESP 1 filename1.htm CORRESP

VEDDER PRICE P.C.

222 NORTH LASALLE STREET

CHICAGO, ILLINOIS 60601

T: + 1 (312) 609 7500

F: + 1 (312) 609 5005

CHICAGO Ÿ NEW YORK Ÿ WASHINGTON, DC Ÿ LONDON

October 16, 2012

Securities and Exchange Commission

Division of Investment Management

100 F Street, N.E.

Washington, D.C. 20549

Attn:

Mr. Kieran Brown

Re:

Nuveen California Dividend Advantage Municipal Fund 2 (811-10197); Nuveen Massachusetts Premium Income Municipal Fund (811-07484); and Nuveen New Jersey Dividend Advantage Municipal Fund 2 (811-10551) (each, a “Registrant” and together, the “Registrants”)

To The Commission:

On behalf of the Registrants, this letter is in response to the comments you provided on October 2, 2012 during our telephone conference regarding the preliminary proxy materials filed for each Registrant on September 21, 2012. Any terms not defined herein have the same meanings as given in the preliminary proxy statement.

1. Comment: In the third Q&A, disclose in the Answer what the securities laws permit in terms of making loans. Also, disclose that, if an Affected Municipal Fund makes loans in circumstances where an issuer is in distress, the Affected Municipal Fund is in effect “doubling down” on that issuer.

Response: The following has been added after the first sentence in the Answer:

This would generally permit each Fund to lend up to 33 1/3% of its total assets.

The following has been added to the end of the Answer:

A loan to an issuer in distress involves risk. In this circumstance, it is possible a Fund could lose its entire investment with an issuer as well as the amount loaned.

2. Comment: Explain how deferred amounts under the Deferred Compensation Plan described on page 18 are treated – are they invested in the eligible Nuveen funds or are they unfunded liabilities of the Participating Funds?

Vedder Price P.C. is affiliated with Vedder Price LLP, which operates in England and Wales.

LOGO

Securities and Exchange Commission

October 16, 2012

Page 2

Response: Deferred amounts under the Deferred Compensation Plan are unfunded liabilities of the Participating Funds.

3. Comment: The New Investment Policy references exemptive orders granted under the Investment Company Act of 1940, as amended. Disclose whether the Funds intend to apply for exemptive orders, and if so, disclose that the applied for relief may not be granted.

Response: The following disclosure has been added after the text of the New Investment Policy:

The Affected Municipal Funds have no current intention of seeking exemptive relief under the Investment Company Act of 1940 Act, as amended, for the purpose of making loans. If such relief were sought, there is no guarantee that it would be granted.

* * *

Please direct any questions regarding this filing to the undersigned at (312) 609-7616.

Sincerely,

/s/ Renee M. Hardt

Renee M. Hardt

RMH/kb

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