<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains Summary Financial Information extracted from the Form
N-SAR and the financial statements and is qualified in its entirety by
references to such documents.
</LEGEND>
<SERIES>
   <NUMBER> 001
   <NAME> NUVEEN MUNICIPAL BOND R
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   11-MOS
<FISCAL-YEAR-END>                          FEB-28-1997
<PERIOD-START>                             MAR-01-1996
<PERIOD-END>                               FEB-28-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0  
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                           310264
<ACCUMULATED-NII-CURRENT>                            0  
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               156376
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   15240
<NET-INVESTMENT-INCOME>                         141136
<REALIZED-GAINS-CURRENT>                         13239
<APPREC-INCREASE-CURRENT>                      (25826)
<NET-CHANGE-FROM-OPS>                           128549
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       138680
<DISTRIBUTIONS-OF-GAINS>                         13874
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          21984
<NUMBER-OF-SHARES-REDEEMED>                      39970
<SHARES-REINVESTED>                              13233
<NET-CHANGE-IN-ASSETS>                         (37306)
<ACCUMULATED-NII-PRIOR>                           1170
<ACCUMULATED-GAINS-PRIOR>                         3916
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            11966
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  15240
<AVERAGE-NET-ASSETS>                           2820537
<PER-SHARE-NAV-BEGIN>                             9.28
<PER-SHARE-NII>                                   .447
<PER-SHARE-GAIN-APPREC>                           .032
<PER-SHARE-DIVIDEND>                              .450
<PER-SHARE-DISTRIBUTIONS>                         .045
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.20
<EXPENSE-RATIO>                                    .57
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>