Nuveen Missouri Premium Income Municipal Fund

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         811-7616         

        Nuveen Missouri Premium Income Municipal Fund         
(Exact name of registrant as specified in charter)


        333 West Wacker Drive, Chicago, Illinois, 60606         
Address of principal executive offices) (Zip code)


Jessica R. Droeger—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:            05/31          

Date of reporting period:          08/31/04         

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 Missouri Premium Income Municipal Fund (NOM)
August 31, 2004

Principal

Optional Call

Market

Amount (000)

Description(1)

Provisions*

Ratings**

Value

Consumer Staples - 3.1%

 
$

1,000

Missouri Development Finance Board, Solid Waste Disposal Revenue Bonds, Procter and Gamble

No Opt. Call

AA-

$    1,046,200

   Inc., Series 1999, 5.200%, 3/15/29 (Alternative Minimum Tax)

Education and Civic Organizations - 6.3%

 

625

Missouri Health and Educational Facilities Authority, Revenue Bonds, Maryville University of St.

6/10 at 100.00

Baa2

664,650

   Louis, Series 2000, 6.750%, 6/15/30
 

500

Missouri Health and Educational Facilities Authority, Revenue Bonds, St. Louis Priory School,

2/08 at 101.00

A3

521,070

   Series 2000, 5.650%, 2/01/25
 

365

Missouri Health and Educational Facilities Authority, Revenue Bonds, Webster University, Series

4/11 at 100.00

Aaa

407,807

   2001, 5.500%, 4/01/18 - MBIA Insured
 

500

St. Louis County Industrial Development Authority, Missouri, Revenue Bonds, Kiel Center Multipurpose

12/04 at 100.00

N/R

516,650

   Arena, Series 1992, 7.875%, 12/01/24 (Alternative Minimum Tax)

Healthcare - 29.2%

 

1,800

Johnson County, Missouri, Hospital Revenue Bonds, Western Missouri Medical Center, Series

6/10 at 100.00

AA

1,990,368

   2000, 6.000%, 6/01/20 - RAAI Insured
 

2,500

Missouri Health and Educational Facilities Authority, Revenue Bonds, SSM Healthcare System, Series

6/11 at 101.00

AAA

2,592,375

   2001A, 5.250%, 6/01/28 - AMBAC Insured
 

500

Missouri Health and Educational Facilities Authority, Revenue Bonds, St. Luke's Health System,

6/11 at 101.00

AAA

520,125

   Series 2001, 5.250%, 12/01/26 - FSA Insured
 

Missouri Health and Educational Facilities Authority, Revenue Bonds, BJC Health System, Series 2003:

1,500

   5.125%, 5/15/25

5/13 at 100.00

AA

1,543,935

1,155

   5.250%, 5/15/32

5/13 at 100.00

AA

1,187,074
 

500

Missouri Health and Educational Facilities Authority, Revenue Bonds, Lake Regional Health System,

2/14 at 100.00

BBB+

512,280

   Series 2003, 5.700%, 2/15/34
 

425

Missouri Health and Educational Facilities Authority, Revenue Bonds, Lake Regional Health System,

2/06 at 102.00

BBB+

440,003

   Series 1996, 6.500%, 2/15/21
 

1,000

Missouri Health and Educational Facilities Authority, Revenue Bonds, St. Anthony's Medical Center,

12/10 at 101.00

A

1,057,460

   Series 2000, 6.250%, 12/01/30

Housing/Multifamily - 7.5%

 

750

Missouri Housing Development Commission, Multifamily Housing Revenue Bonds, Series 2001-II,

12/11 at 100.00

AA

802,605

   5.250%, 12/01/16
 

500

St. Charles County Industrial Development Authority, Missouri, FHA-Insured Multifamily Housing

4/08 at 102.00

AAA

509,245

   Revenue Bonds, Ashwood Apartments, Series 1998A, 5.600%, 4/01/30 (Alternative Minimum Tax) -

   FSA Insured
 

545

St. Louis County Industrial Development Authority, Missouri, GNMA Collateralized Multifamily

4/07 at 102.00

AAA

575,803

   Housing Revenue Refunding Bonds, South Summit Apartments, Series 1997A, 5.950%, 4/20/17
 

600

St. Louis County Industrial Development Authority, Missouri, GNMA Collateralized Multifamily

4/07 at 102.00

AAA

628,404

   Housing Revenue Refunding Bonds, South Summit Apartments, Series 1997B, 6.000%, 10/20/15

   (Alternative Minimum Tax)

Housing/Single Family - 2.3%

 

205

Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, Homeownership Loan

3/06 at 105.00

AAA

205,894

   Program, Series 1995C, 7.250%, 9/01/26 (Alternative Minimum Tax)
 

315

Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, Homeownership Loan

9/06 at 105.00

AAA

317,800

   Program, Series 1996B, 7.550%, 9/01/27 (Alternative Minimum Tax)
 

235

Missouri Housing Development Commission, Single Family Mortgage Revenue Bonds, Homeownership Loan

3/10 at 100.00

AAA

246,501

   Program, Series 2000B-1, 6.250%, 3/01/31 (Alternative Minimum Tax)

Long-Term Care - 5.4%

 

1,750

Cole County Industrial Development Authority, Missouri, Revenue Bonds, Lutheran Senior Services,

2/14 at 100.00

N/R

1,778,455

   Heisinger Project, Series 2004, 5.500%, 2/01/35
 

50

Lees Summit Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, John Knox

8/09 at 101.00

N/R

53,215

   Village, Series 1999, 6.000%, 8/15/17

Materials - 2.2%

 

750

Sugar Creek, Missouri, Industrial Development Revenue Bonds, Lafarge North America Inc., Series

6/13 at 101.00

BBB

754,005

   2003A, 5.650%, 6/01/37 (Alternative Minimum Tax)

Tax Obligation/General - 35.2%

 

500

Jackson County R-7 School District, Lees Summit, Missouri, General Obligation Refunding and

3/12 at 100.00

AAA

548,400

   Improvement Bonds, Series 2002, 5.250%, 3/01/18 - FSA Insured
 

1,630

North Kansas City School District, Missouri, General Obligation Bonds, Series 2003A,

3/13 at 100.00

AA+

1,701,671

   5.000%, 3/01/23
 

1,500

Puerto Rico, Public Improvement General Obligation Refunding Bonds, Series 2001A, 5.500%,

No Opt. Call

AAA

1,755,195

   7/01/20 - MBIA Insured
 

2,020

Ritenour Consolidated School District, St. Louis County, Missouri, General Obligation Bonds, Series

No Opt. Call

AAA

2,503,184

   1995, 7.375%, 2/01/12 - FGIC Insured
 

1,500

St. Charles County Francis Howell School District, Missouri, General Obligation Refunding Bonds,

No Opt. Call

AAA

1,673,970

   Series 1994A, 7.800%, 3/01/08 - FGIC Insured
 

1,000

St. Louis County Pattonville R3 School District, Missouri, General Obligation Bonds, Series 2000,

3/10 at 101.00

AAA

1,129,260

   5.750%, 3/01/17 - FGIC Insured
 

895

St. Louis Board of Education, Missouri, General Obligation Refunding Bonds, Series 1993A, 8.500%,

No Opt. Call

AAA

1,038,764

   4/01/07 - FGIC Insured
 

1,405

St. Louis Board of Education, Missouri, General Obligation Refunding Bonds, Series 2003A, 5.000%,

4/13 at 100.00

AAA

1,503,547

   4/01/19 - FSA Insured

Tax Obligation/Limited - 30.4%

 

750

Fenton, Missouri, Tax Increment Refunding and Improvement Bonds, Gravois Bluffs Project, Series

10/12 at 100.00

N/R

770,618

   2002, 6.125%, 10/01/21
 

750

Howard Bend Levee District, St. Louis County, Missouri, Levee District Improvement Bonds, Series

3/09 at 101.00

N/R

789,922

   1999, 5.850%, 3/01/19
 

1,000

Kansas City Land Clearance Redevelopment Authority, Missouri, Lease Revenue Bonds, Municipal

12/05 at 102.00

AAA

1,068,510

   Auditorium and Muehlebach Hotel Redevelopment Projects, Series 1995A, 5.900%, 12/01/18 -

   FSA Insured
 

2,000

Missouri Development Finance Board, Kansas City, Infrastructure Facilities Revenue Bonds, Midtown

4/10 at 100.00

AAA

2,240,360

   Redevelopment Project, Series 2000A, 5.750%, 4/01/22 - MBIA Insured
 

450

Monarch-Chesterfield Levee District, St. Louis County, Missouri, Levee District Improvement Bonds,

3/10 at 101.00

AAA

508,167

   Series 1999, 5.750%, 3/01/19 - MBIA Insured
 

1,000

St. Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Carnahan Courthouse,

2/12 at 100.00

Aaa

1,145,100

   Series 2002A, 5.750%, 2/15/16 - FGIC Insured
 

2,000

Springfield Public Building Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park

6/10 at 100.00

AAA

2,291,340

   Projects, Series 2000A, 6.125%, 6/01/21 - AMBAC Insured
 

1,380

Springfield Center City Development Corporation, Missouri, Lease Revenue Bonds, Jordan Valley Park

11/11 at 100.00

Aaa

1,435,931

   Parking Garage, Series 2002D, 5.000%, 11/01/22 - AMBAC Insured

Transportation - 4.7%

 

500

Kansas City, Missouri, Passenger Facility Charge Revenue Bonds, Kansas City International Airport,

4/11 at 101.00

AAA

509,945

   Series 2001, 5.000%, 4/01/23 (Alternative Minimum Tax) - AMBAC Insured
 

1,000

St. Louis Land Clearance Redevelopment Authority, Missouri, Revenue Refunding and Improvement

9/09 at 102.00

N/R

1,081,190

   Bonds, LCRA Parking Facilities, Series 1999C, 7.000%, 9/01/19

U.S. Guaranteed*** - 9.9%

 

675

Missouri Health and Educational Facilities Authority, Revenue Bonds, Lake Regional Health System,

2/06 at 102.00

BBB+***

732,645

   Series 1996, 6.500%, 2/15/21 (Pre-refunded to 2/15/06)
 

300

St. Charles School District, Missouri, General Obligation Bonds, Series 1996A, 5.625%, 3/01/14

3/06 at 100.00

AA+***

317,547

   (Pre-refunded to 3/01/06)
 

1,000

St. Louis County, Missouri, GNMA Collateralized Mortgage Revenue Bonds, Series 1993D, 5.650%,

No Opt. Call

AAA

1,145,730

   7/01/20 (Alternative Minimum Tax)
 

950

Texas County, Missouri, Hospital Revenue Bonds, Texas County Memorial Hospital, Series 2000,

6/10 at 100.00

N/R***

1,154,022

   7.250%, 6/15/25 (Pre-refunded to 6/15/10)

Utilities - 5.7%

 

1,800

Springfield Public Utilities Board, Missouri, Certificates of Participation, Series 2001, 5.000%,

12/09 at 100.00

AAA

1,930,068

   12/01/17 - AMBAC Insured

Water and Sewer - 4.0%

 

640

Metropolitan St. Louis Sewerage District, Missouri, Revenue Bonds, Wastewater System, Series 2004A,

5/14 at 100.00

AAA

686,349

   5.000%, 5/01/20 - MBIA Insured
 

350

Missouri Environmental Improvement and Energy Resources Authority, Water Pollution Control Revenue

No Opt. Call

Aaa

428,701

   Bonds, State Revolving Fund Program - Kansas City Project, Series 1997C, 6.750%, 1/01/12
 

210

Missouri Environmental Improvement and Energy Resources Authority, Water Pollution Control Revenue

1/06 at 101.00

Aaa

222,648

   Bonds, Multi-Participants State Revolving Fund Program, Series 1996D, 5.875%, 1/01/15
$

45,275

Total Long-Term Investments (cost $45,823,837) - 145.9%

49,184,708

Other Assets Less Liabilities - 1.6%

529,146

Preferred Shares, at Liquidation Value - (47.5)%

(16,000,000)

Net Assets Applicable to Common Shares - 100%

$33,713,854

(1)  

All percentages shown in the Portfolio of Investments are based on net assets applicable to

Common shares.

*  

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.

**  

Ratings: Using the higher of Standard & Poor's or Moody's rating.

***  

Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government

agency securities which ensures the timely payment of principal and interest. Such securities are normally

considered to be equivalent to AAA rated securities.

N/R  

Investment is not rated.

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 timing differences in recognizing income

on taxable market discount securities and timing differences in recognizing certain gains and losses on

security transactions.

At August 31, 2004, the cost of investments was $45,804,206.

Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2004,

were as follows:

Gross unrealized:

   Appreciation

$3,410,171

   Depreciation

(29,669)

Net unrealized appreciation of investments

$3,380,502

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 has materially affected, or is 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 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 Missouri Premium Income Municipal Fund        

By (Signature and Title)*          /s/ Jessica R. Droeger--Vice President and Secretary        

Date         10/29/04        

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--Chief Administrative Officer (Principal Executive Officer)        

Date         10/29/04        

By (Signature and Title)*         /s/ Stephen D. Foy--Vice President and Controller (Principal Financial Officer)        

Date         10/29/04        

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