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   811-21494      

Nuveen Floating Rate Income Fund

(Exact name of registrant as specified in charter)

     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:        7/31      

Date of reporting period:    4/30/2008   

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

Nuveen Floating Rate Income Fund (JFR)
April 30, 2008

								Weighted
Principal								Average
Amount (000)				Description (1)				Coupon		Maturity (2)		Ratings (3)		Value
				Variable Rate Senior Loan Interests – 145.7% (85.8% of Total Investments) (4)
				Aerospace & Defense – 1.7% (1.0% of Total Investments)
$	4,992			Midwestern Aircraft, Term Loan B				4.568%		12/30/11		BBB-		$	4,932,561
	2,300			Transdigm, Inc., Term Loan B				4.655%		6/23/13		BB-			2,199,375
	2,379			Vought Aircraft Industries, Inc., Term Loan				5.120%		12/22/11		Ba3			2,247,604
	545			Vought Aircraft Industries, Inc., Tranche B, Letter of Credit				4.953%		12/22/10		Ba3			509,773
	10,216			Total Aerospace & Defense											9,889,313
				Airlines – 3.1% (1.8% of Total Investments)
	2,504			ACTS Aero Technical Support & Services, Inc., Term Loan				5.959%		10/01/14		B+			2,146,876
	2,000			Delta Air Lines, Inc., Credit Linked Deposit				4.899%		4/30/12		Ba2			1,740,416
	1,995			Delta Air Lines, Inc., Term Loan, Second Lien				6.149%		4/30/14		B			1,595,980
	7,920			Northwest Airlines, Inc., DIP Term Loan				4.720%		8/21/13		BB			6,902,280
	6,196			United Air Lines, Inc., Term Loan B				4.838%		2/01/14		BB-			5,370,895
	20,615			Total Airlines											17,756,447
				Auto Components – 0.5% (0.3% of Total Investments)
	3,000			Goodyear Tire & Rubber Company, Term Loan				4.540%		4/30/14		Ba1			2,850,000
				Building Products – 7.6% (4.5% of Total Investments)
	1,750			Atrium Companies, Inc., Term Loan				6.466%		5/31/12		BB-			1,469,893
	8,888			Building Materials Corporation of America, Term Loan				5.688%		2/22/14		BB-			7,480,783
	5,000			Building Materials Corporation of America, Term Loan, Second Lien				8.688%		9/15/14		Caa2			3,154,168
	14,475			Nortek, Inc., Term Loan B				5.302%		8/27/11		Ba3			13,099,875
	8,265			Stile Acquisition Corporation, Canadian Term Loan				4.893%		4/05/13		BB-			7,489,934
	8,279			Stile Acquisition Corporation, Term Loan B				4.892%		4/05/13		BB-			7,502,694
	3,940			TFS Acquisition, Term Loan				6.196%		8/11/13		B+			3,664,200
	50,597			Total Building Products											43,861,547
				Capital Markets – 1.3% (0.7% of Total Investments)
	2,394			Ameritrade Holdings Corporation, Term Loan B				4.370%		12/31/12		Ba1			2,343,136
	961			BNY Convergex Group LLC, Incremental Delayed Draw Term Loan, (5), (6)				1.500%		10/02/13		B2			(88,862	)
	685			BNY Convergex Group LLC, Incremental Term Loan				5.700%		10/02/13		B2			646,483
	4,643			BNY Convergex Group LLC, Term Loan				5.700%		10/02/13		B+			4,381,696
	8,683			Total Capital Markets											7,282,453
				Chemicals – 8.4% (4.9% of Total Investments)
	1,400			Celanese Holdings LLC, Credit Linked Deposit				2.703%		4/02/14		BB+			1,355,375
	5,544			Celanese Holdings LLC, Term Loan				4.188%		4/02/14		BB+			5,367,285
	1,536			Foamex LP, Term Loan B				5.972%		2/12/13		B1			1,271,429
	8,452			Hercules Inc., Term Loan				4.363%		10/08/10		Baa2			8,324,855
	4,843			Hexion Specialty Chemicals, Inc., Term Loan C-1				4.938%		5/05/13		Ba3			4,578,122
	1,052			Hexion Specialty Chemicals, Inc., Term Loan C-2				5.000%		5/05/13		Ba3			994,498
	3,653			Huntsman International LLC, Term Loan				4.636%		4/19/14		BB+			3,545,250
	3,920			Ineos US Finance LLC, Tranche C2 B				5.385%		12/16/14		BB-			3,666,425
	450			JohnsonDiversey, Inc., Term Loan				5.112%		12/16/11		Ba2			428,516
	1,455			Lucite International, Term Loan B-1				5.150%		7/07/13		BB-			1,304,953
	515			Lucite International, Term Loan B-2				5.150%		7/07/13		BB-			462,062
	12,610			Rockwood Specialties Group, Inc., Term Loan E				4.399%		7/30/12		BB+			12,030,287
	998			Solutia Inc., Term Loan				8.500%		2/28/14		B+			979,212
	3,990			Univar, Inc., Term Loan				5.696%		10/10/14		B+			3,725,662
	50,418			Total Chemicals											48,033,931
				Commercial Services & Supplies – 2.3% (1.4% of Total Investments)
	1,442			Allied Waste North America, Inc., Letter of Credit				4.109%		3/28/14		BBB-			1,395,591
	2,398			Allied Waste North America, Inc., Term Loan B				4.383%		3/28/14		BBB-			2,320,945
	263			Aramark Corporation, Letter of Credit				4.875%		1/24/14		BB			252,930
	4,146			Aramark Corporation, Term Loan				4.571%		1/24/14		BB			3,981,285
	980			NCO Financial Systems, Inc., Term Loan				7.200%		5/15/13		BB-			917,700
	2,388			Rental Services Corporation, Term Loan				6.230%		11/27/13		B-			2,084,605
	1,181			Workflow Holdings Corporation, Term Loan				8.000%		11/30/11		BB-			1,037,665
	1,780			Xerium Technologies Inc. Term Loan B				5.446%		5/21/12		B+			1,441,626
	14,578			Total Commercial Services & Supplies											13,432,347
				Communications Equipment – 0.4% (0.3% of Total Investments)
	2,645			Aspect Software, Inc., Term Loan B				5.625%		7/11/11		BB-			2,479,364
				Consumer Finance – 0.4% (0.2% of Total Investments)
	2,900			Peach Holdings Inc., Term Loan				7.138%		11/30/13		B			2,370,750
				Containers & Packaging – 3.9% (2.3% of Total Investments)
	495			Amscan Holdings, Inc., Term Loan				5.156%		5/25/13		B1			423,225
	19,405			Graham Packaging Company, L.P., Term Loan				5.037%		10/07/11		B+			18,435,781
	699			Smurfit-Stone Container Corporation, Deposit-Funded commitment				4.684%		11/01/10		BB			681,349
	783			Smurfit-Stone Container Corporation, Term Loan B				5.013%		11/01/11		BB			763,876
	1,488			Smurfit-Stone Container Corporation, Term Loan C				5.029%		11/01/11		BB			1,451,030
	467			Smurfit-Stone Container Corporation, Tranche C-1				4.709%		11/01/11		BB			455,402
	23,337			Total Containers & Packaging											22,210,663
				Diversified Consumer Services – 3.3% (1.9% of Total Investments)
	11,945			Thomson Learning Center, Term Loan, DD1				5.342%		7/05/14		B+			11,103,869
	8,523			West Corporation, Term Loan				5.320%		10/24/13		BB-			7,811,883
	20,468			Total Diversified Consumer Services											18,915,752
				Diversified Financial Services – 0.6% (0.4% of Total Investments)
	3,920			Ineos US Finance LLC, Tranche B2				4.885%		12/16/13		BB-			3,666,425
				Diversified Telecommunication Services – 8.1% (4.7% of Total Investments)
	4,980			Alltel Communications, Inc., Term Loan B3, DD1				5.466%		5/18/15		BB-			4,586,083
	948			Choice One Communications, Term Loan B				6.813%		6/30/12		B2			810,418
	5,940			Crown Castle Operating Company, Term Loan				4.196%		1/26/14		BB+			5,565,967
	3,891			Intelsat, Tranche B, Term Loan				5.184%		7/01/13		BB			3,727,339
	6,245			Intelsat, Tranche B-2, Term Loan A				5.184%		1/03/14		BB-			5,934,275
	6,243			Intelsat, Tranche B-2, Term Loan B				5.184%		1/03/14		BB-			5,932,490
	6,243			Intelsat, Tranche B-2, Term Loan C				5.184%		1/03/14		BB-			5,932,490
	6,800			Level 3 Financing, Inc., Term Loan				4.962%		3/13/14		B+			6,313,800
	7,900			MetroPCS Wireless, Inc., Term Loan				5.317%		11/03/13		Ba3			7,463,852
	49,190			Total Diversified Telecommunication Services											46,266,714
				Electric Utilities – 4.8% (2.9% of Total Investments)
	16,930			Calpine Corporation, DIP Term Loan				5.575%		3/31/14		B+			15,957,762
	2,056			Calpine Corporation, DIP Revolver, (5)				2.365%		3/31/14		B+			409,722
	188			MACH Gen LLC, Synthetic Letter of Credit				4.696%		2/22/13		B+			181,953
	1,787			MACH Gen LLC, Term Loan				5.100%		2/22/14		B+			1,734,284
	5,970			TXU Corporation, Term Loan B-2				6.579%		10/10/14		Ba3			5,727,469
	3,980			TXU Corporation, Term Loan B-3				6.583%		10/10/14		Ba3			3,815,576
	30,911			Total Electric Utilities											27,826,766
				Electrical Equipment – 0.8% (0.5% of Total Investments)
	4,980			Allison Transmission Holdings, Inc., Term Loan				5.573%		8/07/14		BB-			4,680,707
				Electronic Equipment & Instruments – 0.2% (0.1% of Total Investments)
	983			Sensata Technologies B.V., Term Loan				4.663%		4/27/13		BB			897,350
				Energy Equipment & Services – 0.2% (0.1% of Total Investments)
	953			PGS Finance, Inc., Term Loan				4.450%		6/29/15		Ba2			924,733
				Food & Staples Retailing – 0.6% (0.4% of Total Investments)
	3,573			Supervalu, Term Loan B				4.209%		6/02/12		N/R			3,496,807
				Food Products – 0.8% (0.5% of Total Investments)
	465			Dole Food Company, Inc., Deposit-Funded Commitment				4.710%		4/12/13		Ba3			434,593
	1,026			Dole Food Company, Inc., Term Loan B				5.020%		4/12/13		Ba3			958,278
	3,419			Dole Food Company, Inc., Term Loan C				4.835%		4/12/13		Ba3			3,194,258
	4,910			Total Food Products											4,587,129
				Gas Utilities – 0.2% (0.1% of Total Investments)
	1,000			Energy Transfer Partners LP, Term Loan				4.878%		11/01/12		BBB-			974,584
				Health Care Providers & Services – 10.9% (6.4% of Total Investments)
	232			Community Health Systems, Inc., Delayed Term Loan, (5), (6)				1.000%		7/25/14		BB			(9,415	)
	4,535			Community Health Systems, Inc., Term Loan				5.335%		7/25/14		BB			4,351,098
	4,745			DaVita, Inc., Term Loan B-1				4.235%		10/05/12		BB+			4,552,949
	5,122			HCA, Inc., Term Loan				4.946%		11/18/13		BB			4,873,011
	5,693			HCA, Inc., Term Loan A				4.696%		11/18/12		BB			5,385,989
	9,718			Health Management Associates, Inc., Term Loan				4.446%		2/28/14		BB-			8,992,788
	1,679			HealthSouth Corporation, Term Loan				5.230%		3/10/13		BB-			1,597,794
	3,246			IASIS Healthcare LLC, Delayed Term Loan				4.863%		3/14/14		Ba2			3,111,219
	866			IASIS Healthcare LLC, Letter of Credit				2.781%		3/14/14		Ba2			829,658
	9,406			IASIS Healthcare LLC, Term Loan				4.881%		3/14/14		Ba2			9,014,445
	1,423			Invacare Corporation, Term Loan B				5.138%		2/12/13		Ba2			1,326,948
	3,900			LifeCare, Term Loan B				6.950%		8/11/12		B2			3,373,500
	519			LifePoint Hospitals, Inc., Term Loan B				4.710%		4/18/12		BB			499,488
	2,897			Select Medical Corporation, Term Loan				5.058%		2/24/12		Ba2			2,653,913
	12,613			Vanguard Health Holding Company II LLC, Replacement Term Loan				5.134%		9/23/11		Ba3			12,181,859
	66,594			Total Health Care Providers & Services											62,735,244
				Health Care Technology – 0.3% (0.2% of Total Investments)
	1,896			Emdeon Business Services LLC, Replacement Term Loan				4.700%		11/18/13		BB-			1,790,091
				Hotels, Restaurants & Leisure – 11.4% (6.7% of Total Investments)
	9,256			24 Hour Fitness Worldwide, Inc., Term Loan B				5.933%		6/08/12		Ba3			8,284,089
	1,123			Ameristar Casinos, Inc., Term Loan B				5.017%		11/10/12		BB+			1,086,073
	771			CBRL Group, Inc., Term Loan B-1				4.620%		4/28/13		Ba2			730,918
	93			CBRL Group, Inc., Term Loan B-2				4.620%		4/28/13		BB			87,825
	4,913			Cedar Fair LP, Term Loan				4.863%		8/30/12		BB			4,684,614
	667			Fontainebleau Las Vegas LLC, Delayed Term Loan, (5), (6)				2.000%		6/06/14		B+			(106,667	)
	1,333			Fontainebleau Las Vegas LLC, Term Loan				6.258%		6/06/14		B+			1,120,000
	954			Green Valley Ranch Gaming LLC, Term Loan B				4.932%		2/16/14		BB-			767,677
	401			Isle of Capri Casinos, Inc., Delayed Term Loan A				4.446%		11/25/13		BB+			354,533
	456			Isle of Capri Casinos, Inc., Delayed Term Loan B				4.446%		11/25/13		BB+			403,150
	1,139			Isle of Capri Casinos, Inc., Term Loan				4.446%		11/25/13		BB+			1,007,874
	3,980			Orbitz Worldwide, Inc., Term Loan				5.794%		7/25/14		BB-			3,422,800
	7,795			Penn National Gaming, Inc., Term Loan B				4.931%		10/03/12		BBB-			7,556,929
	470			Seminole Gaming, Delayed Term Loan B-1				4.481%		3/05/14		BBB			457,895
	1,690			Seminole Gaming, Delayed Term Loan B-2				4.625%		3/05/14		BBB			1,648,105
	1,660			Seminole Gaming, Delayed Term Loan B-3				4.250%		3/05/14		BBB			1,618,421
	1,985			Travelport LLC, Delayed Term Loan				5.113%		8/23/13		BB-			1,824,215
	981			Travelport LLC, Letter of Credit				4.946%		8/23/13		BB-			907,098
	4,891			Travelport LLC, Term Loan				5.113%		8/23/13		BB-			4,520,782
	9,255			Universal City Development Partners, Ltd., Term Loan				4.633%		6/09/11		Ba1			9,034,750
	3,335			Venetian Casino Resort, LLC, Delayed Term Loan, (5), (6)				0.750%		5/23/14		BB			(264,125	)
	13,571			Venetian Casino Resort LLC, Term Loan				4.450%		5/23/14		BB			12,496,197
	4,104			Wintergames Holdings, Term Loan				6.141%		10/23/08		N/R			3,908,922
	74,823			Total Hotels, Restaurants & Leisure											65,552,075
				Household Durables – 0.3% (0.2% of Total Investments)
	1,708			Rent-A-Center Inc., Term Loan B				4.911%		6/30/12		BB+			1,607,519
				Household Products – 1.5% (0.9% of Total Investments)
	7,217			Prestige Brands, Inc., Term Loan B				6.897%		4/06/11		BB-			6,982,410
	1,770			Solo Cup Company, Term Loan				6.298%		2/27/11		B1			1,712,718
	8,987			Total Household Products											8,695,128
				Independent Power Producers & Energy Traders – 2.0% (1.2% of Total Investments)
	812			Covanta Energy Corporation, Synthetic Letter of Credit				4.088%		2/09/14		BB			776,795
	1,661			Covanta Energy Corporation, Term Loan B				5.079%		2/09/14		BB			1,589,701
	3,154			NRG Energy, Inc., Credit Linked Deposit				2.596%		2/01/13		Ba1			3,032,619
	6,457			NRG Energy, Inc., Term Loan				4.196%		2/01/13		Ba1			6,209,355
	12,084			Total Independent Power Producers & Energy Traders											11,608,470
				Insurance – 2.2% (1.3% of Total Investments)
	16,564			Conseco, Inc., Term Loan				4.863%		10/10/13		Ba3			12,699,045
				Internet Software & Services – 0.4% (0.3% of Total Investments)
	3,000			Sabre, Inc., Term Loan				4.885%		9/30/14		B+			2,546,438
				IT Services – 5.1% (3.0% of Total Investments)
	6,965			First Data Corporation, Term Loan B-2				5.355%		9/24/14		BB-			6,562,534
	1,995			First Data Corporation, Term Loan B-3				5.355%		9/24/14		BB-			1,875,662
	1,351			Infor Global Solutions Intermediate Holdings, Ltd., Delayed Term Loan				6.450%		7/28/12		B+			1,122,900
	2,589			Infor Global Solutions Intermediate Holdings, Ltd., Term Loan				6.450%		7/28/12		B+			2,077,787
	18,381			SunGard Data Systems, Inc., Term Loan B				4.878%		2/28/14		BB			17,455,689
	31,281			Total IT Services											29,094,572
				Leisure Equipment & Products – 1.6% (0.9% of Total Investments)
	10,025			Bombardier Recreational Products, Inc., Term Loan				5.320%		6/28/13		B+			8,905,819
				Machinery – 1.2% (0.7% of Total Investments)
	933			Navistar International Corporation, Synthetic Letter of Credit				2.614%		1/19/12		BB-			874,417
	2,567			Navistar International Corporation, Term Loan				6.234%		1/19/12		BB-			2,404,646
	3,950			Oshkosh Truck Corporation, Term Loan				4.760%		12/06/13		BBB-			3,793,096
	7,450			Total Machinery											7,072,159
				Media – 28.7% (16.9% of Total Investments)
	2,000			American Media Operations, Inc., Term Loan				7.250%		1/13/13		B			1,832,500
	8,932			Cequel Communications LLC, Term Loan B				4.758%		11/05/13		BB-			8,166,486
	3,000			Charter Communications Operating Holdings LLC, Holdco Term Loan				5.171%		3/06/14		B+			2,437,500
	11,671			Charter Communications Operating Holdings LLC, Term Loan				4.900%		3/06/14		B+			10,338,341
	4,071			Clear Channel Entertainment, Term Loan B				5.450%		6/20/13		Ba3			3,744,947
	2,906			CSC Holdings, Inc., Term Loan				4.477%		3/29/13		BBB-			2,805,652
	1,995			Gray Television Inc., Term Loan B				4.190%		12/31/14		B+			1,740,638
	7,900			Idearc, Inc., Term Loan				4.707%		11/17/14		BBB-			6,537,250
	15,673			Metro-Goldwyn-Mayer Studios, Inc., Term Loan B				5.946%		4/08/12		N/R			12,592,350
	17,745			Neilsen Finance LLC, Term Loan				5.346%		8/09/13		Ba3			16,828,136
	1,013			NextMedia Operating, Inc., Delayed Term Loan				4.718%		11/15/12		B+			901,643
	2,284			NextMedia Operating, Inc., Term Loan, First Lien				6.800%		11/15/12		B+			2,032,363
	4,733			Philadelphia Newspapers, Term Loan				6.600%		6/29/13		N/R			4,046,332
	4,779			ProQuest Company, Term Loan B				5.209%		2/09/14		N/R			4,504,365
	990			Readers Digest Association, Inc., Term Loan				4.942%		3/02/14		B1			833,580
	10,201			Regal Cinemas Corporation, Term Loan				4.196%		10/27/13		Ba2			9,709,913
	970			Spanish Broadcasting System, Inc., Term Loan B				4.450%		6/10/12		B2			819,650
	24,813			Tribune Company, Term Loan B				5.542%		6/04/14		B			18,454,297
	5,600			Tribune Company, Term Loan X				5.478%		6/04/09		B			5,341,000
	25,000			Univision Communications, Inc., Term Loan				5.147%		9/29/14		Ba3			21,117,187
	5,000			Univision Communications, Inc., Term Loan, Second Lien				5.363%		3/29/09		B3			4,808,333
	3,000			UPC Broadband Holding BV, Term Loan N				4.459%		12/31/14		Ba3			2,828,438
	785			Valassis Communications, Inc. Delayed Draw Term Loan				6.000%		3/02/14		BB			731,937
	2,374			Valassis Communications, Inc. Tranche B, Term Loan				4.450%		3/02/14		BB			2,214,568
	15,152			WMG Acquisition Corporation, Term Loan				4.315%		2/28/11		BB-			14,006,354
	6,025			Yell Group PLC, Term Loan				4.863%		10/27/12		N/R			5,361,175
	188,612			Total Media											164,734,935
				Metals & Mining – 2.0% (1.2% of Total Investments)
	2,747			Amsted Industries, Inc., Delayed Draw Term Loan				4.922%		4/08/13		BB			2,705,844
	3,778			Amsted Industries, Inc., Term Loan B				4.749%		4/08/13		BB			3,721,265
	993			Edgen Murray II LLP, Term Loan				5.694%		5/11/14		B			848,588
	4,784			John Maneely Company, Term Loan				6.031%		12/08/13		B+			4,320,772
	12,302			Total Metals & Mining											11,596,469
				Oil, Gas & Consumable Fuels – 1.2% (0.7% of Total Investments)
	1,971			Brand Energy & Infrastructure Services Inc., Term Loan B				5.015%		2/07/14		B1			1,749,479
	3,000			CCS Income Trust, Term Loan, WI/DD				TBD		TBD		BB-			2,670,000
	301			Coffeyville Resources LLC, Credit Linked Deposit				5.448%		12/28/10		BB-			282,186
	975			Coffeyville Resources LLC, Term Loan D				5.450%		12/28/13		BB-			915,711
	484			Targa Resources, Inc., Synthetic Letter of Credit				4.696%		10/31/12		Ba3			465,484
	857			Targa Resources, Inc., Term Loan B				6.828%		10/31/12		Ba3			824,760
	7,588			Total Oil, Gas & Consumable Fuels											6,907,620
				Paper & Forest Products – 3.5% (2.0% of Total Investments)
	11,730			Georgia-Pacific Corporation, Term Loan B				4.727%		12/21/12		BB+			11,269,967
	4,617			Georgia-Pacific Corporation, Term Loan B-2				4.684%		12/24/12		BB+			4,435,734
	90			Ply Gem Industries, Inc., Canadian Term Loan				5.450%		8/15/11		BB-			77,178
	2,863			Ply Gem Industries, Inc., Term Loan B3				5.450%		8/15/11		BB-			2,467,302
	1,990			Wilton Products, Term Loan				6.320%		11/16/14		Ba3			1,741,250
	21,290			Total Paper & Forest Products											19,991,431
				Pharmaceuticals – 1.0% (0.6% of Total Investments)
	1,712			Stiefel Laboratories, Inc, Delayed Term Loan				4.966%		12/28/13		BB-			1,651,962
	2,238			Stiefel Laboratories, Inc, Term Loan				4.966%		12/28/13		BB-			2,159,788
	1,485			Warner Chilcott Corporation, Tranche B, Term Loan				4.841%		1/18/12		BB-			1,429,533
	511			Warner Chilcott Corporation, Tranche C, Term Loan				4.696%		1/18/12		BB-			491,690
	5,946			Total Pharmaceuticals											5,732,973
				Real Estate Management & Development – 4.2% (2.5% of Total Investments)
	7,303			Capital Automotive LP, Term Loan				4.460%		12/15/10		BB+			7,082,411
	14,080			LNR Property Corporation, Term Loan B				6.360%		7/12/11		BB			11,787,600
	5,955			Realogy Corporation Delayed Draw Term Loan				5.717%		10/01/13		BB-			5,111,131
	27,338			Total Real Estate Management & Development											23,981,142
				Road & Rail – 4.2% (2.4% of Total Investments)
	667			Hertz Corporation, Letter of Credit				2.599%		12/21/12		BB+			640,379
	3,687			Hertz Corporation, Term Loan				4.224%		12/21/12		BB+			3,541,518
	26,512			Swift Transportation Company, Inc., Term Loan				6.500%		5/10/14		B+			19,756,690
	30,866			Total Road & Rail											23,938,587
				Semiconductors & Equipment – 0.4% (0.3% of Total Investments)
	2,963			Freescale Semiconductor, Inc., Term Loan				4.459%		11/29/13		Ba1			2,574,008
				Software – 2.8% (1.7% of Total Investments)
	8,057			Dealer Computer Services, Inc., Term Loan				4.886%		10/26/12		BB			7,714,619
	6,000			Dealer Computer Services, Inc., Term Loan, Second Lien				8.386%		10/26/13		B			5,655,000
	1,985			IPC Systems, Inc., Term Loan				4.946%		5/31/14		B+			1,516,871
	2,000			IPC Systems, Inc., Term Loan, Second Lien				7.946%		5/31/15		CCC+			1,403,333
	18,042			Total Software											16,289,823
				Specialty Retail – 7.1% (4.2% of Total Investments)
	6,248			Blockbuster, Inc., Tranche B, Term Loan				8.572%		8/20/11		B			5,861,610
	970			Burlington Coat Factory Warehouse Corporation, Term Loan				5.340%		5/28/13		B2			817,499
	3,916			CSK Automotive, Term Loan				9.750%		7/02/12		Ba3			3,895,983
	702			J Crew Operating Corporation, Term Loan				5.097%		5/15/13		BB			657,895
	12,570			Michaels Stores, Inc., Term Loan				5.204%		10/31/13		B			11,146,259
	5,910			Sally Holdings LLC, Term Loan				5.600%		11/16/13		BB-			5,642,995
	11,000			TRU 2005 RE Holding Co I LLC, Term Loan				5.709%		12/08/08		B3			10,175,000
	2,985			TRU 2005 RE Holding Co I LLC, Term Loan B				7.315%		7/19/12		BB-			2,820,149
	44,301			Total Specialty Retail											41,017,390
				Textiles, Apparel & Luxury Goods – 1.2% (0.6% of Total Investments)
	2,789			HBI Branded Apparel Limited, Inc., Term Loan				4.615%		9/05/13		BB			2,743,961
	2,000			HBI Branded Apparel Limited, Inc., Term Loan, Second Lien				6.657%		3/05/14		B1			1,987,500
	1,819			Visant Holding Corporation, Term Loan C				6.718%		7/29/10		Ba1			1,752,270
	6,608			Total Textiles, Apparel & Luxury Goods											6,483,731
				Trading Companies & Distributors – 1.4% (0.8% of Total Investments)
	1,980			Ashtead Group Public Limited Company, Term Loan				4.500%		8/31/11		BB+			1,851,300
	393			Brenntag Holdings GMBH & Co. KG, Acquisition Facility				5.794%		1/20/14		B+			363,764
	1,607			Brenntag Holdings GMBH & Co. KG, Facility B2				5.794%		1/20/14		B+			1,488,736
	3,098			United Rentals, Inc., Term Loan B				5.100%		2/14/11		BB+			3,022,753
	1,121			United Rentals, Inc., Tranche B, Credit Linked Deposit				2.603%		2/13/11		BB+			1,093,458
	8,199			Total Trading Companies & Distributors											7,820,011
				Wireless Telecommunication Services – 1.9% (1.1% of Total Investments)
	12,000			Asurion Corporation, Term Loan				6.095%		7/03/14		N/R			11,104,996
$	928,344			Total Variable Rate Senior Loan Interests (cost $913,345,208)											836,883,458
Principal
Amount (000)				Description (1)				Coupon		Maturity		Ratings (3)		Value
				Corporate Bonds – 9.8% (5.7% of Total Investments)
				Diversified Telecommunication Services – 0.8% (0.5% of Total Investments)
$	5,000			Qwest Corporation, Floating Rate Note, 3.250% plus three-month LIBOR				6.100%		6/15/13		BBB-		$	4,812,500
				Energy Equipment & Services – 0.9% (0.5% of Total Investments)
	5,000			Williams Companies Inc., Floating Rate Note, 2.000% plus three-month LIBOR, 144A				4.850%		10/01/10		BBB-			5,150,000
				Food Products – 0.5% (0.3% of Total Investments)
	1,528			Dole Foods Company				8.625%		5/01/09		B-			1,485,980
	1,780			Dole Foods Company				8.875%		3/15/11		B-			1,602,000
	3,308			Total Food Products											3,087,980
				Hotels, Restaurants & Leisure – 1.3% (0.8% of Total Investments)
	7,900			Mohegan Tribal Gaming Authority				8.000%		4/01/12		Ba2			7,426,000
				Media – 1.8% (1.0% of Total Investments)
	10,000			Cablevision Systems Corporation, Floating Rate Note, 4.500% plus six-month LIBOR, 144A				7.465%		4/01/09		B+			10,125,000
				Paper & Forest Products – 0.7% (0.4% of Total Investments)
	500			Verso Paper Holdings LLC, Series B				9.125%		8/01/14		B+			518,750
	4,000			Verso Paper Holdings LLC, Floating Rate Note, 3.750% plus three-month LIBOR				6.600%		8/01/14		B+			3,760,000
	4,500			Total Paper & Forest Products											4,278,750
				Real Estate Investment Trust – 0.6% (0.4% of Total Investments)
	4,000			Felcor Lodging LP, Floating Rate Note, 1.875% plus six-month LIBOR				4.840%		12/01/11		Ba3			3,670,000
				Semiconductors & Equipment – 3.0% (1.7% of Total Investments)
	1,400			Avago Technologies Finance Pte. Ltd., Floating Rate Note, 5.500% plus three-month LIBOR				8.350%		6/01/13		BB-			1,403,500
	16,000			NXP BV, Floating Rate Note, 2.750% plus three-month LIBOR				5.600%		10/15/13		BB-			14,780,000
	1,000			Spansion LLC, Floating Rate Note, 3.125% plus three-month LIBOR, 144A				5.975%		6/01/13		BB-			755,000
	18,400			Total Semiconductors & Equipment											16,938,500
				Textiles, Apparel & Luxury Goods – 0.2% (0.1% of Total Investments)
	1,000			HanesBrands Inc., Floating Rate Note, 3.375% plus six-month LIBOR				6.340%		12/15/14		B2			947,500
$	59,108			Total Corporate Bonds (cost $59,812,903)											56,436,230
Shares				Description (1)										Value
				Investment Companies – 1.7% (1.0% of Total Investments)
	316,268			Eaton Vance Floating-Rate Income Trust Fund										$	4,835,738
	691,950			Eaton Vance Senior Income Trust											4,843,650
				Total Investment Companies (cost $9,962,993)											9,679,388
Shares				Description (1)										Value
				Warrants – 0.1% (0.1% of Total Investments)
	36,521			Reliant Energy Inc., Warrant Class A (7)										$	754,159
				Total Warrants (cost $257,912)											754,159
Principal
Amount (000)				Description (1)				Coupon		Maturity				Value
				Short-Term Investments – 12.6% (7.4% of Total Investments)
$	72,122			Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/08, repurchase price $72,125,736, collateralized by $71,165,000 U.S. Treasury Notes, 4.375%, due 11/15/08, value $73,566,819				1.730%		5/01/08				$	72,122,270
				Total Short-Term Investments (cost $72,122,270)											72,122,270
				Total Investments (cost $1,055,501,286) – 169.9%											975,875,505
				Other Assets Less Liabilities – (0.2)%											(1,624,103	)
				Preferred Shares, at Liquidation Value – (69.7)% (8)											(400,000,000	)
				Net Assets Applicable to Common Shares – 100%										$	574,251,402

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(2)		Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a Borrower to prepay, prepayments of Senior Loans may occur. As a result, the actual remaining maturity of Senior Loans held may be substantially less than the stated maturities shown.
(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.
(4)		Senior Loans generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks. Senior Loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the Agent Bank and/or Borrower prior to the disposition of a Senior Loan.
(5)		Position, or portion of position, represents an unfunded Senior Loan commitment outstanding at April 30, 2008. At April 30, 2008, the Fund had unfunded Senior Loan commitments of $6,582,970.
(6)		Negative value represents unrealized depreciation on unfunded Senior Loan commitment outstanding at April 30, 2008.
(7)		Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board of Trustees.
(8)		Preferred Shares, at Liquidation Value as a percentage of total investments is (41.0)%.
N/R		Not rated.
DD1		Portion of investment purchased on a delayed delivery basis.
WI/DD		Purchased on a when-issued or delayed delivery basis.
144A		Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers.
TBD		Senior Loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, Senior Loans typically trade without accrued interest and therefore a weighted average coupon rate is not available prior to settlement. At settlement, if still unknown, the Borrower or counterparty will provide the Fund with the final weighted average coupon rate and maturity date.

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 certain gains and losses on investment transactions and recognition of premium amortization. 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 April 30, 2008, the cost of investments was $1,056,566,086.

Gross unrealized appreciation and gross unrealized depreciation of investments at April 30, 2008, were as follows:

Gross unrealized:
Appreciation		$	1,829,739
Depreciation			(82,520,320	)
Net unrealized appreciation (depreciation) of investments		$	(80,690,581	)

Item 2. Controls and Procedures.

	a.		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)).
	b.		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 Floating Rate Income Fund        

Date June 27, 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.

Date June 27, 2008

Date June 27, 2008