Nuveen Investments has introduced a new mid-cap growth equities mutual fund which will be managed by Santa Barbara Asset Management, a California-based subsidiary of Chicago-headquartered Nuveen. The Nuveen Santa Barbara Growth Opportunities Fund will be available through advisors at leading broker-dealers, banks, insurance companies, financial planning and investment consulting firms. The fund will invest in small- to mid-cap sized companies that it believes demonstrate growth potential and are reasonably priced.

Nuveen Investments (NYSE: JNC), a leading provider of diversified investment services, today announced the availability of its new mid-cap growth equities mutual fund featuring the expertise of Santa Barbara Asset Management, one of Nuveen Investments� growth equities investment teams. The new fund is currently available through advisors at leading broker-dealers, banks, insurance companies, financial planning and investment consulting firms.

�We are pleased to bring Santa Barbara�s institutional-caliber equity portfolio to retail mutual fund investors,� says Alan Brown, Executive Vice President, Nuveen Investments. �We believe the fund fits well with the returning interest in growth investing as well as the ongoing need for access to small and mid-cap strategies.�

The Nuveen Santa Barbara Growth Opportunities Fund invests in small- to mid-cap sized companies that it believes demonstrate growth potential and are reasonably priced. As a result of the opportunistic approach, the fund may include companies with stable, sustainable earnings, fallen angels that the manager believes are near turnaround and companies that provide higher dividend yields. Factors that the fund looks for, but is not limited to are; new management, near-term catalysts and companies that are potential for acquisition.

Based in Santa Barbara, California, Santa Barbara Asset Management (SBAM) employs bottom-up, fundamental analysis when selecting companies in which to invest. SBAM favors companies that exhibit stable and consistent earnings growth, defendable competitive advantages, strong management, and low dependence on capital markets. SBAM believes that companies exhibiting stable growth characteristics will perform through various business and economic cycles.

The Nuveen Investments family of mutual funds offers a variety of investing strategies managed with experience and discipline. Each is designed to contribute to a well constructed diversified portfolio. With more than $20 billion in 50 mutual funds, Nuveen Investments offers a broad range of fixed income, growth, value and global portfolios spanning a variety of objectives and investment styles.

An investment in the funds is subject to market risk or the risk that stocks in the portfolio will decline in response to such factors as adverse company news or industry developments or a general economic decline. Small and mid-cap stocks are subject to greater volatility and growth style investing may fall out of favor. The fund�s ability to invest in foreign stocks present additional risks, including foreign company risk, market risk, currency risk and correlation risk. As with any mutual fund, possible loss of principal is a risk of investing.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the fund carefully before investing. For a prospectus which contains this and other information relevant to an investment in the fund, please contact your securities representative or Nuveen Investments, LLC, 333 W. Wacker Drive, Chicago, IL 60606. Investors should read the prospectus carefully before they invest or send money.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutions and high-net-worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of NWQ, Nuveen, Santa Barbara, Tradewinds, Rittenhouse and Symphony. In total, the Company manages $172 billion in assets as of June 30, 2007. Nuveen Investments is listed on the New York Stock Exchange and trades under the symbol �JNC.�

Edited by: Erin Kello

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