PAGE 1
000 B000000 07/31/2003
000 C000000 0001227476
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NUVEEN PREFERRED AND CONVERTIBLE INCOME FD 2
001 B000000 811-21333
001 C000000 3129178200
002 A000000 333 WEST WACKER DRIVE
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 1286
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
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
PAGE 2
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
008 A000001 NUVEEN INSTITUTIONAL ADVISORY CORP.
008 B000001 A
008 C000001 801-36793
008 D010001 CHICAGO
008 D020001 IL
008 D030001 60606
008 D040001 1286
008 A000002 SPECTRUM ASSET MANAGEMENT, INC.
008 B000002 S
008 C000002 801-30405
008 D010002 STAMFORD
008 D020002 CT
008 D030002 06905
008 A000003 FROLEY-REVY INVESTMENT COMPANY INC.
008 B000003 S
008 C000003 801-10672
008 D010003 LOS ANGELES
008 D020003 CA
008 D030003 90024
008 A000004 DELETE
011 A000001 DELETE
011 A000002 DELETE
011 A000003 DELETE
011 A000004 DELETE
011 A000005 DELETE
011 A000006 DELETE
011 A000007 DELETE
011 A000008 DELETE
011 A000009 DELETE
PAGE 3
011 A000010 DELETE
011 A000011 DELETE
011 A000012 DELETE
012 A000001 EQUISERV INC.
012 B000001 84-05925
012 C010001 BOSTON
012 C020001 MA
012 C030001 02110
013 A000001 ERNST & YOUNG
013 B010001 CHICAGO
013 B020001 IL
013 B030001 60611
014 A000001 NUVEEN INVESTMENTS, LLC
014 B000001 8-13464
014 A000002 SPECTRUM ASSET MANAGEMENT
014 B000002 8-36472
014 A000003 DELETE
014 A000004 DELETE
015 A000001 STATE STREET BANK AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
015 A000003 DELETE
015 A000004 DELETE
015 A000007 DELETE
018 000000 Y
019 A000000 Y
019 B000000 140
019 C000000 NUVEENFUND
020 A000001 SPECTRUM ASSET MANAGEMENT, INC.
020 B000001 06-1209521
020 C000001 436
020 A000002 LEHMAN BROTHERS
020 B000002 13-2518466
020 C000002 50
020 A000003 CITIGROUP
020 B000003 13-2771536
020 C000003 42
020 A000004 GOLDMAN, SACHS & CO.
020 B000004 13-5108880
020 C000004 35
020 A000005 MERRILL LYNCH
020 B000005 13-5674085
020 C000005 21
020 A000006 CREDIT SUISSE FIRST BOSTON
020 B000006 13-5659485
020 C000006 18
020 A000007 DEUTSCHE NATIONAL BANK
020 B000007 13-2730828
PAGE 4
020 C000007 17
020 A000008 WACHOVIA BANK & TRUST CO.
020 B000008 56-0927594
020 C000008 10
020 A000009 LAZARD FRERES & CO.
020 B000009 13-5545100
020 C000009 10
020 A000010 BANC AMERICA
020 B000010 94-1687675
020 C000010 6
021 000000 658
022 A000001 SPECTRUM ASSET MANAGEMENT, INC.
022 B000001 06-1209521
022 C000001 1111866
022 D000001 25017
022 A000002 MERRILL LYNCH
022 B000002 13-5674085
022 C000002 148154
022 D000002 59029
022 A000003 BEAR STEARNS & CO.
022 B000003 13-3604093
022 C000003 96355
022 D000003 0
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 86747
022 D000004 2664
022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
022 C000005 82911
022 D000005 0
022 A000006 CITIGROUP
022 B000006 13-3214963
022 C000006 74433
022 D000006 0
022 A000007 OPPENHEIMER & CO.
022 B000007 13-2798343
022 C000007 56394
022 D000007 0
022 A000008 ALEX BROWN & SONS
022 B000008 52-1319768
022 C000008 49609
022 D000008 0
022 A000009 BANC AMERICA
022 B000009 94-1687675
022 C000009 43867
022 D000009 0
022 A000010 CHASE SECURITIES
022 B000010 13-2633612
022 C000010 37425
022 D000010 0
PAGE 5
023 C000000 1922618
023 D000000 88778
024 000000 N
025 D000001 0
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 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
PAGE 6
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.900
048 B010000 500000
048 B020000 0.875
048 C010000 500000
048 C020000 0.850
048 D010000 500000
048 D020000 0.825
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
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 2000000
048 K020000 0.800
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
PAGE 7
053 C000000 N
054 A000000 Y
054 B000000 N
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 Y
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
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 N
066 E000000 N
066 F000000 Y
PAGE 8
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
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 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 1922618
071 B000000 88778
071 C000000 1761121
071 D000000 5
072 A000000 12
072 B000000 3826
072 C000000 2702
072 D000000 0
072 E000000 0
072 F000000 1469
PAGE 9
072 G000000 0
072 H000000 0
072 I000000 1
072 J000000 47
072 K000000 33
072 L000000 65
072 M000000 5
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 7
072 S000000 16
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 12
072 X000000 1655
072 Y000000 544
072 Z000000 5417
072AA000000 0
072BB000000 2711
072CC010000 0
072CC020000 70070
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 17434
074 B000000 133426
074 C000000 99986
074 D000000 671280
074 E000000 1089841
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 44594
074 K000000 0
074 L000000 13664
074 M000000 0
074 N000000 2070225
074 O000000 116572
074 P000000 896
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
PAGE 10
074 R040000 2135
074 S000000 0
074 T000000 1950622
074 U010000 141007
074 U020000 0
074 V010000 13.83
074 V020000 0.00
074 W000000 0.0000
074 X000000 191
074 Y000000 0
075 A000000 0
075 B000000 1940341
076 000000 14.69
077 A000000 Y
077 B000000 Y
077 I000000 Y
077 Q010000 Y
078 000000 N
080 A000000 CHUBB GROUP OF INSURANCE COMPANIES
080 B000000 GULF, AIG, GREAT AMERICAN, CNA
080 C000000 90000
081 A000000 Y
081 B000000 139
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 141000
086 A020000 999999
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
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 67073D102
087 A030000 JQC
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
PAGE 11
SIGNATURE STEPHEN D. FOY
TITLE V.P & CONTROLLER