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         811-7056         

        Nuveen Select Maturities Municipal Fund         
(Exact name of registrant as specified in charter)

Nuveen Investments
        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:            03/31          

Date of reporting period:         12/31/07         

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 Select Maturities Municipal Fund (NIM)
		December 31, 2007
Principal				Optional Call
Amount (000)		Description (1)		Provisions (2)		Ratings (3)		Value
		Alabama – 2.1%
$          2,000		Alabama 21st Century Authority, Tobacco Settlement Revenue Bonds, Series 2001, 5.750%, 12/01/17		12/11 at 101.00		A–	$	2,071,680
500		Marshall County Healthcare Authority, Alabama, Revenue Bonds, Series 2002A, 6.250%, 1/01/22		1/12 at 101.00		A–		529,770
2,500		Total Alabama						2,601,450
		Arizona – 1.1%
250		Phoenix Industrial Development Authority, Arizona, Statewide Single Family Mortgage Revenue		4/08 at 101.50		AAA		257,348
		Bonds, Series 1998C, 6.650%, 10/01/29 (Alternative Minimum Tax)
200		Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Series 2007,		No Opt. Call		AA		187,482
		5.000%, 12/01/37
750		Surprise Municipal Property Corporation, Arizona, Wastewater System Revenue Bonds, Series		4/11 at 100.00		N/R		737,700
		2007, 4.500%, 4/01/17
265		Winslow Industrial Development Authority, Arizona, Hospital Revenue Bonds, Winslow Memorial		No Opt. Call		N/R		264,515
		Hospital, Series 1998, 5.750%, 6/01/08
1,465		Total Arizona						1,447,045
		Arkansas – 4.1%
1,000		Fort Smith, Arkansas, Water and Sewer Revenue Refunding and Construction Bonds, Series 2002A,		10/11 at 100.00		AAA		1,067,470
		5.250%, 10/01/17 – FSA Insured
1,500		Jefferson County, Arkansas, Pollution Control Revenue Bonds, Entergy Arkansas Inc. Project,		6/11 at 100.00		A–		1,485,270
		Series 2006, 4.600%, 10/01/17
1,000		Jonesboro, Arkansas, Industrial Development Revenue Bonds, Anheuser Busch Inc. Project, Series		No Opt. Call		A		1,051,130
		2002, 4.600%, 11/15/12
1,380		North Little Rock, Arkansas, Electric Revenue Refunding Bonds, Series 1992A, 6.500%, 7/01/15 –		No Opt. Call		AAA		1,571,654
		MBIA Insured
4,880		Total Arkansas						5,175,524
		California – 1.7%
2,115		Vernon, California, Electric System Revenue Bonds, Malburg Generating Station Project, Series		4/08 at 100.00		Aaa		2,127,056
		2003C, 5.250%, 4/01/17 (Pre-refunded 4/01/08)
		Colorado – 13.3%
2,895		Centennial Downs Metropolitan District, Colorado, General Obligation Bonds, Series 1999,		12/14 at 100.00		AAA		3,091,773
		5.000%, 12/01/20 – AMBAC Insured
1,175		Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,		12/13 at 100.00		AAA		1,205,397
		Classical Academy, Series 2003, 4.500%, 12/01/18 – XLCA Insured
1,290		Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Douglas		7/12 at 100.00		BBB		1,317,374
		County School District RE-1 – DCS Montessori School, Series 2002A, 6.000%, 7/15/22
330		Colorado Housing Finance Authority, Single Family Program Senior Bonds, Series 2000D-2,		4/10 at 105.00		AA		344,758
		6.900%, 4/01/29 (Alternative Minimum Tax)
1,025		Denver Health and Hospitals Authority, Colorado, Healthcare Revenue Bonds, Series 2001A,		12/11 at 100.00		BBB (4)		1,126,065
		6.000%, 12/01/23 (Pre-refunded 12/01/11)
1,465		Denver West Metropolitan District, Colorado, General Obligation Refunding and Improvement		12/13 at 100.00		AA		1,420,786
		Bonds, Series 2003, 4.500%, 12/01/18 – RAAI Insured
1,340		Eagle Bend Metropolitan District 2, Colorado, General Obligation Bonds, Series 2004, 5.000%,		12/14 at 101.00		AA		1,375,175
		12/01/20 – RAAI Insured
53		El Paso County, Colorado, FNMA Mortgage-Backed Single Family Revenue Refunding Bonds, Series		No Opt. Call		Aaa		55,423
		1992A-2, 8.750%, 6/01/11
700		Erie, Boulder and Weld Counties, Colorado, Water Enterprise Revenue Bonds, Series 1998,		12/08 at 100.00		N/R (4)		712,516
		5.000%, 12/01/23 (Pre-refunded 12/01/08) – ACA Insured
1,050		Erie, Boulder and Weld Counties, Colorado, Water Enterprise Revenue Bonds, Series 1998,		12/08 at 100.00		CCC		975,272
		5.000%, 12/01/23 – ACA Insured
70		Northwest Parkway Public Highway Authority, Colorado, Revenue Bonds, Senior Series 2001A,		6/11 at 102.00		AAA		75,565
		5.250%, 6/15/41 (Pre-refunded 6/15/11) – FSA Insured
5,875		Northwest Parkway Public Highway Authority, Colorado, Senior Lien Revenue Bonds, Series 2001B,		6/11 at 38.04		AAA		1,987,219
		0.000%, 6/15/27 (Pre-refunded 6/15/11) – AMBAC Insured
2,845		University of Colorado Hospital Authority, Revenue Bonds, Series 2001A, 5.600%, 11/15/21		11/11 at 100.00		Baa1 (4)		3,081,448
		(Pre-refunded 11/15/11)
20,113		Total Colorado						16,768,771
		Connecticut – 1.6%
		Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator
		Lisbon Project, Series 1993A:
450		5.500%, 1/01/14 (Alternative Minimum Tax)		1/08 at 100.00		BBB		450,063
1,570		5.500%, 1/01/15 (Alternative Minimum Tax)		1/08 at 100.00		BBB		1,570,157
2,020		Total Connecticut						2,020,220
		Florida – 5.0%
2,400		Deltona, Florida, Utility Systems Water and Sewer Revenue Bonds, Series 2003, 5.250%,		10/13 at 100.00		AAA		2,613,000
		10/01/17 – MBIA Insured
1,000		Florida Citizens Property Insurance Corporation, High Risk Account Revenue Bonds, Series		No Opt. Call		AAA		1,072,540
		2007A, 5.000%, 3/01/15 – MBIA Insured
70		JEA, Florida, Electric Revenue Certificates, Series 1973-2, 6.800%, 7/01/12 (ETM)		No Opt. Call		AAA		76,000
2,000		Orange County, Florida, Tourist Development Tax Revenue Bonds, Series 2005, 5.000%, 10/01/22 –		10/15 at 100.00		AAA		2,112,240
		AMBAC Insured
320		Port Everglades Authority, Florida, Port Facilities Revenue Bonds, Series 1986, 7.125%,		No Opt. Call		AAA		374,333
		11/01/16 (ETM)
5,790		Total Florida						6,248,113
		Georgia – 0.4%
445		Cherokee County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 1995, 5.200%,		8/22 at 100.00		AAA		485,864
		8/01/25 (Pre-refunded 8/01/22) – MBIA Insured
		Illinois – 14.0%
715		Chicago, Illinois, Tax Increment Allocation Bonds, Irving/Cicero Redevelopment Project, Series		1/09 at 100.00		N/R		728,328
		1998, 7.000%, 1/01/14
1,500		Cook County Township High School District 208, Illinois, General Obligation Bonds, Series		12/15 at 100.00		Aaa		1,594,080
		2006, 5.000%, 12/01/21 – MBIA Insured
2,000		Huntley, Illinois, Special Service Area 9, Special Tax Bonds, Series 2007, 5.100%, 3/01/28 –		3/17 at 100.00		AAA		2,077,320
		AGC Insured
4,875		Illinois Development Finance Authority, GNMA Collateralized Mortgage Revenue Bonds, Greek		4/11 at 105.00		Aaa		5,408,516
		American Nursing Home Committee, Series 2000A, 7.600%, 4/20/40
2,000		Illinois Development Finance Authority, Revenue Refunding Bonds, Olin Corporation, Series		4/10 at 102.00		BBB–		2,083,480
		1993D, 6.750%, 3/01/16
2,000		Illinois Educational Facilities Authority, Revenue Bonds, Art Institute of Chicago, Series		3/14 at 102.00		A1		2,044,860
		2000, 4.450%, 3/01/34 (Mandatory put 3/01/15)
1,000		Illinois Educational Facilities Authority, Student Housing Revenue Bonds, Educational		5/12 at 101.00		Aaa		1,143,820
		Advancement Foundation Fund, University Center Project, Series 2002, 6.625%, 5/01/17
		(Pre-refunded 5/01/12)
250		Illinois Finance Authority, Revenue Bonds, Roosevelt University, Series 2007, 5.250%, 4/01/22		4/17 at 100.00		Baa1		248,863
25		Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2000,		5/10 at 101.00		Baa2		26,118
		6.350%, 5/15/15
		Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002:
100		5.250%, 5/15/11		No Opt. Call		Baa2		102,710
20		5.250%, 5/15/12		No Opt. Call		Baa2		20,560
100		Illinois Health Facilities Authority, Revenue Bonds, Lutheran General Health System, Series		No Opt. Call		AAA		105,660
		1993A, 6.125%, 4/01/12 – FSA Insured (ETM)
695		Illinois Health Facilities Authority, Revenue Bonds, Silver Cross Hospital and Medical		8/09 at 101.00		A		709,936
		Centers, Series 1999, 5.500%, 8/15/19
515		Illinois Health Facilities Authority, Revenue Bonds, Silver Cross Hospital and Medical		8/09 at 101.00		A (4)		538,742
		Centers, Series 1999, 5.500%, 8/15/19 (Pre-refunded 8/15/09)
1,355		Kane & DeKalb Counties, Illinois, Community United School District 301, General Obligation		No Opt. Call		Aaa		855,249
		Bonds, Series 2006, 0.000%, 12/01/18 – MBIA Insured
17,150		Total Illinois						17,688,242
		Iowa – 2.3%
1,000		Iowa Finance Authority, Healthcare Revenue Bonds, Genesis Medical Center, Series 2000,		7/10 at 100.00		A1		1,039,510
		6.250%, 7/01/25
1,800		Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series		6/11 at 101.00		AAA		1,914,858
		2001B, 5.300%, 6/01/25 (Pre-refunded 6/01/11)
2,800		Total Iowa						2,954,368
		Kansas – 2.9%
3,500		Wichita, Kansas, Hospital Facilities Revenue Refunding and Improvement Bonds, Via Christi		11/11 at 101.00		A+		3,615,990
		Health System Inc., Series 2001-III, 5.500%, 11/15/21
		Kentucky – 1.4%
1,695		Kentucky Housing Corporation, Housing Revenue Bonds, Series 2005G, 5.000%, 7/01/30		1/15 at 100.60		AAA		1,751,410
		(Alternative Minimum Tax)
		Louisiana – 0.4%
500		Louisiana Public Facilities Authority, Revenue Bonds, Baton Rouge General Hospital, Series		7/14 at 100.00		AAA		520,505
		2004, 5.250%, 7/01/24 – MBIA Insured
		Maryland – 0.9%
1,100		Maryland Energy Financing Administration, Revenue Bonds, AES Warrior Run Project, Series 1995,		3/08 at 100.00		N/R		1,102,519
		7.400%, 9/01/19 (Alternative Minimum Tax)
		Massachusetts – 2.0%
500		Massachusetts Development Finance Agency, Revenue Bonds, Orchard Cove, Series 2007,		10/17 at 100.00		BBB–		469,460
		5.000%, 10/01/19
1,460		Massachusetts Housing Finance Agency, Rental Housing Mortgage Revenue Bonds, Series 2000H,		7/10 at 100.00		AAA		1,511,523
		6.650%, 7/01/41 – MBIA Insured (Alternative Minimum Tax)
		Massachusetts Port Authority, Special Facilities Revenue Bonds, Delta Air Lines Inc.,
		Series 2001A:
100		5.200%, 1/01/20 – AMBAC Insured (Alternative Minimum Tax)		1/11 at 101.00		AAA		102,592
435		5.000%, 1/01/27 – AMBAC Insured (Alternative Minimum Tax)		1/11 at 101.00		AAA		435,857
2,495		Total Massachusetts						2,519,432
		Michigan – 1.7%
1,000		Cornell Township Economic Development Corporation, Michigan, Environmental Improvement Revenue		5/12 at 100.00		AAA		1,102,490
		Refunding Bonds, MeadWestvaco Corporation-Escanaba Project, Series 2002, 5.875%, 5/01/18
		(Pre-refunded 5/01/12)
600		Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Sinai Hospital,		1/08 at 100.00		Ba3		600,216
		Series 1995, 6.625%, 1/01/16
470		Michigan State Hospital Finance Authority, Revenue Refunding Bonds, Detroit Medical Center,		2/08 at 100.00		BB–		470,479
		Series 1988A, 8.125%, 8/15/12
2,070		Total Michigan						2,173,185
		Minnesota – 0.7%
825		White Earth Band of Chippewa Indians, Minnesota, Revenue Bonds, Series 2000A, 7.000%,		No Opt. Call		CCC		845,196
		12/01/11 – ACA Insured
		Mississippi – 0.8%
		Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial
		Healthcare, Series 2004B-1:
700		5.000%, 9/01/16		No Opt. Call		N/R		735,343
300		5.000%, 9/01/24		9/14 at 100.00		N/R		303,966
1,000		Total Mississippi						1,039,309
		Montana – 0.0%
50		University of Montana, Revenue Bonds, Series 1996D, 5.375%, 5/15/19 – MBIA Insured (ETM)		3/08 at 102.00		AAA		55,703
		Nebraska – 0.9%
1,000		Dodge County School District 1, Nebraska, Fremont Public Schools, General Obligation Bonds,		12/14 at 100.00		Aaa		1,073,860
		Series 2004, 5.000%, 12/15/19 – FSA Insured
		Nevada – 0.5%
800		Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas		No Opt. Call		AAA		567,728
		Monorail Project, First Tier, Series 2000, 0.000%, 1/01/15 – AMBAC Insured
		New Jersey – 0.4%
500		Bayonne Redevelopment Agency, New Jersey, Revenue Bonds, Royal Caribbean Cruises Project,		No Opt. Call		BBB–		507,035
		Series 2006A, 4.750%, 11/01/16 (Alternative Minimum Tax)
		New York – 6.2%
1,000		Dormitory Authority of the State of New York, Revenue Bonds, Brooklyn Law School, Series		7/13 at 100.00		AA		1,051,230
		2003A, 5.500%, 7/01/15 – RAAI Insured
1,500		New York State Energy Research and Development Authority, Facilities Revenue Bonds,		3/08 at 100.00		A1		1,500,960
		Consolidated Edison Company Inc., Series 2001A, 4.700%, 6/01/36 (Mandatory put 10/01/12)
		(Alternative Minimum Tax)
370		New York State Medical Care Facilities Finance Agency, FHA-Insured Mortgage Hospital and		2/08 at 100.00		AA+		371,191
		Nursing Home Revenue Bonds, Series 1995C, 6.100%, 8/15/15
4,300		Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air		No Opt. Call		AAA		4,914,126
		Terminal LLC, Sixth Series 1997, 7.000%, 12/01/12 – MBIA Insured (Alternative Minimum Tax)
7,170		Total New York						7,837,507
		North Carolina – 1.6%
1,880		Union County, North Carolina, Certificates of Participation, Series 2003, 5.000%, 6/01/18 –		6/13 at 101.00		AAA		2,005,264
		AMBAC Insured
		Ohio – 1.5%
870		Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue		6/17 at 100.00		BBB		823,733
		Bonds, Senior Lien, Series 2007A-2, 5.125%, 6/01/24
1,000		Toledo-Lucas County Port Authority, Ohio, Port Revenue Bonds, Cargill Inc., Series 2004B,		No Opt. Call		A		1,028,820
		4.500%, 12/01/15
1,870		Total Ohio						1,852,553
		Oklahoma – 0.9%
1,150		Oklahoma State Industries Authority, Health System Revenue Refunding Bonds, Baptist Medical		2/08 at 101.00		AAA		1,161,972
		Center, Series 1995D, 5.000%, 8/15/14 – AMBAC Insured
		Pennsylvania – 7.0%
1,120		Pennsylvania Higher Educational Facilities Authority, College Revenue Bonds, Ninth Series		No Opt. Call		Aaa		1,277,730
		1976, 7.625%, 7/01/15 (ETM)
4,120		Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Eighteenth Series 2004, 5.000%, 8/01/15 –		8/14 at 100.00		AAA		4,418,576
		AMBAC Insured
1,605		Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Twelfth Series 1990B, 7.000%, 5/15/20 –		No Opt. Call		AAA		1,928,440
		MBIA Insured (ETM)
1,085		Pittsburgh School District, Allegheny County, Pennsylvania, General Obligation Bonds, Series		No Opt. Call		AAA		1,164,031
		2006B, 5.000%, 9/01/12 – AMBAC Insured
7,930		Total Pennsylvania						8,788,777
		South Carolina – 6.4%
750		Berkeley County School District, South Carolina, Installment Purchase Revenue Bonds, Securing		12/13 at 100.00		A–		774,975
		Assets for Education, Series 2003, 5.250%, 12/01/19
1,540		Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 1991, 6.750%,		No Opt. Call		AAA		1,942,972
		1/01/19 – FGIC Insured (ETM)
2,835		Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 1991, 6.750%,		No Opt. Call		AAA		3,501,934
		1/01/19 – FGIC Insured
25		South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon		11/12 at 100.00		A–		25,434
		Secours Health System Inc., Series 2002A, 5.625%, 11/15/30
1,260		South Carolina JOBS Economic Development Authority, Hospital Revenue Bonds, Palmetto Health		No Opt. Call		Baa2 (4)		1,341,106
		Alliance, Series 2000A, 7.000%, 12/15/10 (ETM)
500		Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement		5/11 at 101.00		BBB		510,165
		Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22
6,910		Total South Carolina						8,096,586
		South Dakota – 0.8%
1,000		South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health,		5/17 at 100.00		AA–		1,012,960
		Series 2007, 5.000%, 11/01/27
		Tennessee – 1.8%
		Shelby County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue
		Bonds, Methodist Healthcare, Series 2002:
750		6.000%, 9/01/17 (Pre-refunded 9/01/12)		9/12 at 100.00		A– (4)		839,115
1,250		6.000%, 9/01/17 (Pre-refunded 9/01/12)		9/12 at 100.00		A– (4)		1,398,525
2,000		Total Tennessee						2,237,640
		Texas – 6.7%
1,055		Austin, Texas, General Obligation Bonds, Series 2004, 5.000%, 9/01/20 – MBIA Insured		9/14 at 100.00		AAA		1,119,313
565		Bexar County Housing Finance Corporation, Texas, FNMA Guaranteed Multifamily Housing Revenue		No Opt. Call		AAA		577,854
		Bonds, Villas Sonterra Apartments Project, Series 2007A, 4.700%, 10/01/15 (Alternative
		Minimum Tax)
25		Brazos River Authority, Texas, Collateralized Pollution Control Revenue Bonds, Texas Utilities		No Opt. Call		Caa1		23,083
		Electric Company, Series 2003D, 5.400%, 10/01/29 (Mandatory put 10/01/14)
2,000		Brazos River Authority, Texas, Collateralized Revenue Refunding Bonds, CenterPoint Energy		6/14 at 100.00		AAA		2,040,140
		Inc., Series 2004B, 4.250%, 12/01/17 – FGIC Insured
500		Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Electric		No Opt. Call		Caa1		479,165
		Company, Series 2001C, 5.750%, 5/01/36 (Mandatory put 11/01/11) (Alternative Minimum Tax)
15		Brazos River Authority, Texas, Pollution Control Revenue Refunding Bonds, TXU Energy Company		No Opt. Call		Caa1		14,832
		LLC, Series 2003A, 6.750%, 4/01/38 (Mandatory put 4/01/13) (Alternative Minimum Tax)
1,875		Denton Independent School District, Denton County, Texas, General Obligation Bonds, Series		8/16 at 100.00		AAA		2,009,813
		2006, 5.000%, 8/15/20
65		Galveston Property Finance Authority Inc., Texas, Single Family Mortgage Revenue Bonds, Series		3/08 at 100.00		Caa1		63,556
		1991A, 8.500%, 9/01/11
300		Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson		No Opt. Call		BBB–		280,179
		Memorial Hospital Project, Series 2005, 5.125%, 8/15/26
25		Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC		No Opt. Call		Caa1		23,958
		Project, Series 2001B, 5.750%, 5/01/30 (Mandatory put 11/01/11) (Alternative Minimum Tax)
1,500		Texas Municipal Gas Acquisition and Supply Corporation I, Gas Supply Revenue Bonds, Series		1/08 at 100.00		A+		1,421,160
		2006B, 3.893%, 12/15/17
370		Tri-County Mental Health and Retardation Center, Texas, Revenue Bonds, Facilities Acquisition		3/08 at 100.00		AAA		371,850
		Program, Series 1995E, 6.500%, 3/01/15 – FSA Insured
8,295		Total Texas						8,424,903
		Utah – 1.0%
1,305		Bountiful, Davis County, Utah, Hospital Revenue Refunding Bonds, South Davis Community		No Opt. Call		N/R		1,301,124
		Hospital Project, Series 1998, 6.000%, 12/15/10
		Virginia – 0.2%
250		Virginia College Building Authority, Educational Facilities Revenue Refunding Bonds, Marymount		7/08 at 101.00		AA		251,893
		University, Series 1998, 5.100%, 7/01/18 – RAAI Insured
		Washington – 2.7%
1,130		Washington Public Power Supply System, Revenue Refunding Bonds, Nuclear Project 1, Series		No Opt. Call		Aaa		1,152,521
		1993A, 7.000%, 7/01/08 (ETM)
1,870		Washington Public Power Supply System, Revenue Refunding Bonds, Nuclear Project 1, Series		No Opt. Call		AAA		1,906,708
		1993A, 7.000%, 7/01/08
295		Washington Public Power Supply System, Revenue Refunding Bonds, Nuclear Project 3, Series		No Opt. Call		AAA		366,532
		1989B, 7.125%, 7/01/16 – MBIA Insured
3,295		Total Washington						3,425,761
		Wisconsin – 3.6%
		Badger Tobacco Asset Securitization Corporation, Wisconsin, Tobacco Settlement Asset-Backed
		Bonds, Series 2002:
785		6.125%, 6/01/27		6/12 at 100.00		BBB		812,506
1,480		6.375%, 6/01/32		6/12 at 100.00		BBB		1,500,868
1,000		Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian Healthcare		7/11 at 100.00		A–		1,038,240
		Inc., Series 2001, 6.000%, 7/01/21
1,150		Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care Inc.,		2/09 at 101.00		BBB+		1,155,279
		Series 1999A, 5.500%, 2/15/20 – ACA Insured
4,415		Total Wisconsin						4,506,893
$       122,283		Total Investments (cost $121,162,365) – 98.6%						124,192,358
		Other Assets Less Liabilities – 1.4%						1,820,765
		Net Assets – 100%					$	126,013,123

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		The Fund may invest in “zero coupon” securities. A zero coupon security does not pay a regular interest
		coupon to its holders during the life of the security. Tax-exempt income to the holder of the security
		comes from accretion of the difference between the original purchase price of the security at issuance
		and the par value of the security at maturity and is effectively paid at maturity. Such securities are
		included in the Portfolio of Investments with a 0.000% coupon rate in their description. The market
		prices of zero coupon securities generally are more volatile than the market prices of securities that
		pay interest periodically.
(1)		All percentages shown in the Portfolio of Investments are based on net assets unless otherwise noted.
(2)		Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
		There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
		may be subject to periodic principal paydowns.
(3)		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.
		The AAA ratings shown in the Portfolio of Investments reflect the AAA ratings on certain bonds
		insured by AMBAC, FGIC, XCLA or MBIA and/or the A ratings on certain bonds insured by ACA as of
		December 31, 2007. During December 2007, at least one rating agency reduced the rating for ACA
		bonds to CCC. Subsequent to December 31, 2007, at least one rating agency reduced the rating for
		AMBAC-insured bonds to AA, the rating for XCLA-insured bonds to A and the rating for FGIC-insured
		bonds to A3. One or more rating agencies have placed each of these insurers on “negative credit
		watch”, which may presage one or more rating reductions for such insurer or insurers in the future.
		If one or more insurers’ ratings are reduced below AAA (or A in the case of ACA) by these rating
		agencies, it would likely reduce the effective rating of many of the bonds insured by that insurer
		or insurers.
(4)		Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency
		securities which ensure the timely payment of principal and interest. Such investments are normally
		considered to be equivalent to AAA rated securities.
N/R		Not rated.
(ETM)		Escrowed to maturity.

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, timing differences in recognizing taxable market discount 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 December 31, 2007, the cost of investments was $121,100,813.

Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2007, were as follows:

Gross unrealized:
Appreciation		$3,577,589
Depreciation		(486,044)
Net unrealized appreciation (depreciation) of investments		$3,091,545

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Item 2. Controls and Procedures.

1. 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)).
2. 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 Select Maturities Municipal Fund         

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

Date         February 29, 2008        

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         February 29, 2008        

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

Date        February 29, 2008        

* Print the name and title of each signing officer under his or her signature.