Form N-Q

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         811-21211         

        Nuveen Insured New York Tax-Free Advantage 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:            09/30          

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 Insured New York Tax-Free Advantage Municipal Fund (NRK)             
    December 31, 2007             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Staples – 3.6% (2.3% of Total Investments)             
$         1,500    New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,    6/13 at 100.00    BBB   $   1,511,280 
     5.750%, 6/01/33             
335    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,    5/12 at 100.00    BBB    328,612 
     Series 2002, 5.375%, 5/15/33             
1,835    Total Consumer Staples            1,839,892 
    Education and Civic Organizations – 21.5% (14.2% of Total Investments)             
2,000    Dormitory Authority of the State of New York, Insured Revenue Bonds, Long Island University,    9/12 at 100.00    AA    1,931,140 
     Series 2003A, 5.000%, 9/01/32 – RAAI Insured             
2,000    Dormitory Authority of the State of New York, Insured Revenue Bonds, Mount Sinai School of    No Opt. Call    AAA    2,171,220 
     Medicine, Series 1994A, 5.150%, 7/01/24 – MBIA Insured             
1,000    Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    No Opt. Call    AAA    1,074,180 
     Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – XLCA Insured             
1,000    Dormitory Authority of the State of New York, Revenue Bonds, Mount St. Mary College, Series    7/13 at 100.00    AA    963,090 
     2003, 5.000%, 7/01/32 – RAAI Insured             
2,500    Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of    7/12 at 100.00    Aaa    2,656,075 
     Technology, Series 2002A, 5.250%, 7/01/22 – AMBAC Insured             
    Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of             
    Technology, Series 2006A:             
100     5.250%, 7/01/20 – AMBAC Insured    No Opt. Call    Aaa    111,420 
80     5.250%, 7/01/21 – AMBAC Insured    No Opt. Call    Aaa    89,070 
630    Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate    7/15 at 100.00    AAA    649,782 
     University, Series 2005A, 5.000%, 7/01/40 – AMBAC Insured             
260    New York City Industrial Development Agency, New York, PILOT Revenue Bonds Yankee Stadium    9/16 at 100.00    AAA    276,476 
     Project, Residual Series 07-1032, 6.970%, 3/01/39 – FGIC Insured (IF)             
475    New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Pilots,    9/16 at 100.00    AAA    512,715 
     Trust 2148, 7.652%, 3/01/36 – MBIA Insured (IF)             
500    New York City Industrial Development Agency, Revenue Bonds, Ethical Culture Fieldston School,    6/15 at 100.00    AAA    516,075 
     Series 2005B-1, 5.000%, 6/01/35 – XLCA Insured             
170    New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium    9/16 at 100.00    AAA    175,234 
     Project, Series 2006, 5.000%, 3/01/31 – FGIC Insured             
10,715    Total Education and Civic Organizations            11,126,477 
    Health Care – 23.9% (15.8% of Total Investments)             
2,000    Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,    2/13 at 100.00    AAA    2,040,820 
     Lutheran Medical Center, Series 2003, 5.000%, 8/01/31 – MBIA Insured             
3,000    Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.    8/12 at 100.00    AAA    3,060,269 
     Barnabas Hospital, Series 2002A, 5.000%, 2/01/31 – AMBAC Insured             
345    Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson    8/17 at 100.00    AAA    359,566 
     Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – FSA Insured             
1,000    Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical    2/15 at 100.00    AAA    1,046,980 
     Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured             
255    Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series    7/17 at 100.00    AAA    261,362 
     2007B, 5.125%, 7/01/37 – AGC Insured             
25    Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer    7/13 at 100.00    AAA    26,496 
     Center, Series 2003-1, 5.000%, 7/01/21 – MBIA Insured             
810    Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian    8/14 at 100.00    AAA    885,249 
     Hospital, Series 2004A, 5.250%, 8/15/15 – FSA Insured             
750    Dormitory Authority of the State of New York, Revenue Bonds, South Nassau Communities    7/13 at 100.00    Baa1    764,768 
     Hospital, Series 2003B, 5.500%, 7/01/23             
305    Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian    8/14 at 100.00    AAA    312,143 
     Hospital Project, Series 2007, 5.000%, 8/15/36 – FSA Insured             
500    New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series    2/12 at 100.00    AAA    537,855 
     2002A, 5.500%, 2/15/17 – FSA Insured             
2,640    New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds, Series    2/13 at 100.00    AAA    2,805,185 
     2003A, 5.250%, 2/15/21 – AMBAC Insured             
320    New York State Dormitory Authority, Revenue Bonds, North Shore Jewish Obligated Group, Series    5/17 at 100.00    A3    313,795 
     2007A, 5.000%, 5/01/32             
11,950    Total Health Care            12,414,488 
    Long-Term Care – 0.6% (0.4% of Total Investments)             
300    Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of    2/17 at 103.00    AA    315,627 
     Westchester Project, Series 2006, 5.200%, 2/15/41             
    Tax Obligation/General –9.3% (6.1% of Total Investments)             
2,055    Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A,    2/17 at 100.00    AAA    2,102,347 
     5.000%, 2/15/47 – FGIC Insured (UB)             
2,155    New York City, New York, General Obligation Bonds, Fiscal Series 1998H, 5.125%, 8/01/25 –    8/08 at 101.00    AAA    2,194,221 
     MBIA Insured             
250    New York City, New York, General Obligation Bonds, Fiscal Series 2004E, 5.000%, 11/01/19 –    11/14 at 100.00    AAA    268,313 
     FSA Insured             
225    New York City, New York, General Obligation Bonds, Fiscal Series 2006C, 5.000%, 8/01/16 –    8/15 at 100.00    AAA    245,471 
     FSA Insured             
4,685    Total Tax Obligation/General            4,810,352 
    Tax Obligation/Limited – 47.3% (31.4% of Total Investments)             
2,695    Buffalo Fiscal Stability Authority, New York, Sales Tax Revenue State Aid Secured Bonds,    No Opt. Call    AAA    2,923,886 
     Series 2004A, 5.250%, 8/15/12 – MBIA Insured             
145    Dormitory Authority of the State of New York, Improvement Revenue Bonds, Mental Health    8/09 at 101.00    AAA    149,775 
     Services Facilities, Series 1999D, 5.250%, 2/15/29 – FSA Insured             
3,000    Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing    10/12 at 100.00    AAA    3,196,649 
     Program, Series 2002D, 5.250%, 10/01/23 – MBIA Insured             
1,085    Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo    5/17 at 100.00    AAA    1,225,756 
     City School District Project, Series 2007A, 5.750%, 5/01/28 – FSA Insured (UB)             
715    Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2006,    11/16 at 100.00    AAA    747,533 
     5.000%, 11/15/31 – MBIA Insured             
1,000    Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,    7/12 at 100.00    AAA    1,037,560 
     Series 2002A, 5.000%, 7/01/25 – FGIC Insured             
560    Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,    1/13 at 102.00    BBB    546,762 
     5.500%, 1/01/34             
    New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local             
    Government Assistance Corporation, Series 2004A:             
610     5.000%, 10/15/25 – MBIA Insured    10/14 at 100.00    AAA    640,549 
555     5.000%, 10/15/26 – MBIA Insured    10/14 at 100.00    AAA    581,457 
740    New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal    1/17 at 100.00    AAA    773,085 
     Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured             
3,000    New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal    8/12 at 100.00    AAA    3,211,919 
     Series 2003C, 5.250%, 8/01/18 – AMBAC Insured             
2,000    New York City Transitional Finance Authority, New York, Future Tax Secured Refunding Bonds,    2/13 at 100.00    AAA    2,098,900 
     Fiscal Series 2003D, 5.000%, 2/01/22 – MBIA Insured             
845    New York Convention Center Development Corporation, Hotel Unit Fee Revenue Bonds, Series 2005,    11/15 at 100.00    AAA    865,669 
     5.000%, 11/15/44 – AMBAC Insured             
1,290    New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,    1/13 at 100.00    AAA    1,343,780 
     Series 2002A, 5.000%, 1/01/23 – FGIC Insured             
950    New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series    No Opt. Call    AAA    1,091,351 
     2005B, 5.500%, 4/01/20 – AMBAC Insured             
1,200    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and    6/13 at 100.00    AAA    1,278,072 
     State Contingency Contract-Backed Bonds, Series 2003A-1, 5.250%, 6/01/20 – AMBAC Insured             
750    New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and    6/13 at 100.00    AA–    802,583 
     State Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/21             
1,860    New York State Urban Development Corporation, Service Contract Revenue Bonds, Correctional and    No Opt. Call    AA–    1,971,879 
     Youth Facilities, Series 2002A, 5.500%, 1/01/17 (Mandatory put 1/01/11)             
23,000    Total Tax Obligation/Limited            24,487,165 
    Transportation – 12.9% (8.5% of Total Investments)             
1,000    Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,    11/12 at 100.00    AAA    1,038,080 
     Series 2002A, 5.000%, 11/15/25 – FGIC Insured             
1,875    New York State Thruway Authority, General Revenue Bonds, Series 2005F, 5.000%, 1/01/20 –    1/15 at 100.00    AAA    1,999,463 
     AMBAC Insured             
140    New York State Thruway Authority, General Revenue Bonds, Series 2007H, 5.000%, 1/01/25 –    1/18 at 100.00    AAA    148,072 
     FGIC Insured             
3,030    Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred    11/12 at 101.00    AAA    3,215,526 
     Twenty-Eighth Series 2002, 5.000%, 11/01/22 – FSA Insured             
225    Port Authority of New York and New Jersey, One Hundred and Forty Eighth Consolidated Revenue    8/17 at 100.00    AAA    258,244 
     Bonds, RITES Trust 1516, 7.411%, 8/15/32 – FSA Insured (IF)             
6,270    Total Transportation            6,659,385 
    U.S. Guaranteed – 26.7% (17.6% of Total Investments) (4)             
1,185    Dormitory Authority of the State of New York, FHA-Insured Nursing Home Mortgage Revenue Bonds,    2/13 at 102.00    AAA    1,312,139 
     Shorefront Jewish Geriatric Center Inc., Series 2002, 5.200%, 2/01/32 (Pre-refunded 2/01/13)             
395    Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory    7/09 at 101.00    AAA    411,622 
     Facilities, Series 1999B, 5.125%, 7/01/28 (Pre-refunded 7/01/09) – MBIA Insured             
500    Dormitory Authority of the State of New York, Revenue Bonds, North Shore Long Island Jewish    5/13 at 100.00    Aaa    551,310 
     Group, Series 2003, 5.375%, 5/01/23 (Pre-refunded 5/01/13)             
100    Erie County Water Authority, New York, Water Revenue Bonds, Series 1990B, 6.750%, 12/01/14 –    No Opt. Call    AAA    113,121 
     AMBAC Insured (ETM)             
245    New York City, New York, General Obligation Bonds, Fiscal Series 1998H, 5.125%, 8/01/25    8/08 at 101.00    AAA    250,613 
     (Pre-refunded 8/01/08) – MBIA Insured             
3,500    New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2002B, 5.000%,    4/12 at 100.00    AAA    3,750,458 
     4/01/20 (Pre-refunded 4/01/12) – AMBAC Insured             
500    New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State    3/13 at 100.00    AAA    553,730 
     Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) – FGIC Insured             
2,000    Power Authority of the State of New York, General Revenue Bonds, Series 2002A, 5.000%,    11/12 at 100.00    Aa2 (4)    2,162,560 
     11/15/20 (Pre-refunded 11/15/12)             
2,000    Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2000HH, 5.250%, 7/01/29    7/10 at 101.00    AAA    2,123,440 
     (Pre-refunded 7/01/10) – FSA Insured             
1,975    Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Series 2002A,    1/12 at 100.00    AAA    2,117,832 
     5.125%, 1/01/31 (Pre-refunded 1/01/12) – MBIA Insured             
450    TSASC Inc., New York, Tobacco Flexible Amortization Bonds, Series 1999-1, 6.250%, 7/15/34    7/09 at 101.00    AAA    476,163 
     (Mandatory put 7/15/24) (Pre-refunded 7/15/09)             
12,850    Total U.S. Guaranteed            13,822,988 
    Utilities – 4.6% (3.0% of Total Investments)             
    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:             
1,130     5.000%, 12/01/23 – FGIC Insured    6/16 at 100.00    AAA    1,196,376 
870     5.000%, 12/01/25 – FGIC Insured    6/16 at 100.00    AAA    915,423 
125    Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,    6/16 at 100.00    AAA    129,468 
     5.000%, 12/01/35 – CIFG Insured             
110    Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,    11/15 at 100.00    AAA    117,883 
     11/15/19 – FGIC Insured             
2,235    Total Utilities            2,359,150 
    Water and Sewer – 1.0% (0.7% of Total Investments)             
495    New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue    6/16 at 100.00    AAA    514,533 
     Bonds, Series 2006B, 5.000%, 6/15/36 – MBIA Insured             
$        74,335    Total Investments (cost $76,128,949) – 151.4%            78,350,057 
    Floating Rate Obligations – (4.0)%            (2,095,000) 
    Other Assets Less Liabilities – 4.8%            2,503,418 
    Preferred Shares, at Liquidation Value – (52.2)%            (27,000,000) 
    Net Assets Applicable to Common Shares – 100%           $   51,758,475 

Forward Swaps outstanding at December 31, 2007:                         
        Fund            Fixed Rate            Unrealized 
    Notional    Pay/Receive    Floating Rate    Fixed Rate    Payment    Effective    Termination    Appreciation 
Counterparty    Amount    Floating Rate    Index    (Annualized)    Frequency    Date (5)    Date    (Depreciation) 
JPMorgan    $750,000    Pay    3-Month USD-LIBOR    5.388%    Semi-Annually    4/25/08    4/25/35    $  40,985 
Royal Bank of Canada    900,000    Pay    SIFM    4.335       Quarterly    8/06/08    8/06/37    63,016 
                                $104,001 
USD-LIBOR (United States Dollar-London Inter-Bank Offered Rate)                     
SIFM – The daily arithmetic average of the weekly SIFM (Securities Industry and Financial Markets) Municipal Swap Index.             

    At least 80% of the Fund’s net assets (including net assets attributable to Preferred shares) are invested in 
    municipal securities that are either covered by Original Issue Insurance, Secondary Market Insurance or 
    Portfolio Insurance which ensures the timely payment of principal and interest. Up to 20% of the Fund’s 
    net assets (including net assets attributable to Preferred shares) may be invested in municipal securities 
    that are (i) either backed by an escrow or trust containing sufficient U.S. Government or U.S. Government 
    agency securities (also ensuring the timely payment of principal and interest), or (ii) rated, at the time of 
    investment, within the four highest grades (Baa or BBB or better by Moody’s, Standard & Poor’s or Fitch) 
    or unrated but judged to be of comparable quality by the Adviser. 
(1)    All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares 
    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. 
(5)    Effective date represents the date on which both the Fund and counterparty commence interest payment 
    accruals on each forward swap contract. 
(ETM)    Escrowed to maturity. 
(IF)    Inverse floating rate investment. 
(UB)    Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
    provisions of SFAS No. 140. 

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, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate transactions subject to SFAS No.140. 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 $74,049,672.

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

Gross unrealized:     
  Appreciation    $2,321,849 
  Depreciation    (116,716) 
Net unrealized appreciation (depreciation) of investments    $2,205,133 

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 Insured New York Tax-Free Advantage 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.