PAGE  1
000 B000000 10/31/2007
000 C000000 0001389611
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MLP & STRATEGIC EQUITY FUND INC.
001 B000000 811-22040
001 C000000 8774494742
002 A000000 P.O. BOX 9011
002 B000000 PRINCETON
002 C000000 NJ
002 D010000 08543
002 D020000 9011
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 IQ INVESTMENT ADVISORS LLC
008 B000001 A
008 C000001 801-63151
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10080
008 A000002 FIDUCIARY ASSET MANAGEMENT, LLC
008 B000002 S
008 C000002 801-46751
008 D010002 SAINT LOUIS
008 D020002 MO
008 D030002 63105
010 A000001 PRINCETON ADMINISTRATORS, LLC
010 C010001 PRINCETON
010 C020001 NJ
010 C030001 08543
010 C040001 9095
011 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
      PAGE  2
011 B000001 8-7221
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10281
011 C040001 1201
012 A000001 THE BANK OF NEW YORK MELLON
012 B000001 85-05006
012 C010001 NEW YORK
012 C020001 NY
012 C030001 10286
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 PRINCETON
013 B020001 NJ
013 B030001 08540
014 A000001 MLPF&S AND OTHER ML BROKER/DEALER AFFILIATES
014 B000001 8-7221
014 A000002 PIPER JAFFRAY & CO.
014 B000002 8-15204
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02101
015 E010001 X
015 A000002 THE BANK OF NEW YORK MELLON
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10286
015 E010002 X
015 A000003 BANKERS TRUST COMPANY
015 B000003 S
015 C010003 NEW YORK
015 C020003 NY
015 C030003 10006
015 E010003 X
015 A000004 CUSTODIAL TRUST CO.
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10167
015 E010004 X
015 A000005 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000005 S
015 C010005 NEW YORK
015 C020005 NY
015 C030005 10260
015 E010005 X
015 A000006 J.P. MORGAN CHASE BANK
015 B000006 S
015 C010006 NEW YORK
      PAGE  3
015 C020006 NY
015 C030006 10017
015 E010006 X
018  000000 Y
019 A000000 Y
019 B000000   10
019 C000000 IQINVADVIS
020 A000001 LEHMAN BROTHERS INC.
020 B000001 13-2518466
020 C000001     64
020 A000002 MORGAN STANLEY & CO. INCORPORATED
020 B000002 13-2655998
020 C000002     48
020 A000003 RBC DAIN RAUSCHER INC.
020 B000003 41-0212020
020 C000003     41
020 A000004 CITIGROUP GLOBAL MARKETS, INC.
020 B000004 11-2418191
020 C000004     33
020 A000005 UBS SECURITIES LLC
020 B000005 13-3873456
020 C000005     27
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000006 13-5674085
020 C000006     24
020 A000007 WACHOVIA SECURITIES, LLC
020 B000007 54-0796506
020 C000007     23
020 A000008 A.G. EDWARDS & SONS, INC.
020 B000008 43-0895447
020 C000008     12
020 A000009 PIPELINE TRADING SYSTEMS LLC
020 C000009      8
020 A000010 BNY CAPITAL MARKETS, INC.
020 B000010 13-3878175
020 C000010      3
021  000000      287
022 A000001 STATE STREET GLOBAL MARKETS, LLC
022 C000001    527671
022 D000001    271689
022 A000002 LEHMAN BROTHERS INC.
022 B000002 13-2518466
022 C000002      1453
022 D000002         0
022 A000003 CITIGROUP GLOBAL MARKETS, INC.
022 B000003 11-2418191
022 C000003       395
022 D000003         0
022 C000004         0
022 D000004         0
022 C000005         0
      PAGE  4
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
022 C000010         0
022 D000010         0
023 C000000     529519
023 D000000     271689
024  000000 Y
025 A000001 LEHMAN BROTHERS HOLDINGS, INC.
025 C000001 E
025 D000001    2932
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
045  000000 Y
046  000000 N
047  000000 Y
048  000000  1.120
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
      PAGE  5
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000        0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
      PAGE  6
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 Y
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
      PAGE  7
070 R020000 Y
071 A000000   1121104
071 B000000      3530
071 C000000    973574
071 D000000    0
072 A000000  5
072 B000000        0
072 C000000     1718
072 D000000        0
072 E000000        0
072 F000000      979
072 G000000       32
072 H000000        0
072 I000000        9
072 J000000       14
072 K000000        0
072 L000000       14
072 M000000       22
072 N000000        0
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000       56
072 S000000       36
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000       17
072 X000000     1179
072 Y000000        0
072 Z000000      539
072AA000000        1
072BB000000      427
072CC010000        0
072CC020000    10205
072DD010000     4358
072DD020000        0
072EE000000        0
073 A010000   0.0300
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.2700
074 A000000        0
074 B000000        0
074 C000000        0
074 D000000        0
074 E000000        0
074 F000000   888384
074 G000000        0
074 H000000        0
074 I000000   255303
      PAGE  8
074 J000000        0
074 K000000      109
074 L000000     1789
074 M000000       77
074 N000000  1145662
074 O000000        0
074 P000000      259
074 Q000000        0
074 R010000        0
074 R020000   882093
074 R030000        0
074 R040000      707
074 S000000        0
074 T000000   262603
074 U010000    14538
074 U020000        0
074 V010000    18.06
074 V020000     0.00
074 W000000   0.0000
074 X000000     8736
074 Y000000   888545
075 A000000        0
075 B000000   255322
076  000000    16.24
077 A000000 Y
077 B000000 Y
077 O000000 Y
078  000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000     1000
081 A000000 Y
081 B000000   9
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000  14532
086 A020000 276954
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
      PAGE  9
086 F020000      0
087 A010000 COMMON STOCK
087 A020000 55312N106
087 A030000 MTP
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   DONALD C. BURKE
TITLE       TREASURER