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)

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:        7/31      

Date of reporting period:    10/31/2006   

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)
October 31, 2006

Principal						Weighted Average
Amount (000)				Description (1)		Coupon		Maturity (3)		Ratings (4)		Value
				Variable Rate Senior Loan Interests – 144.2% (86.9% of Total Investments) (2)
				Aerospace & Defense – 1.7% (1.0% of Total Investments)
$	5,925			Mid-Western Aircraft Systems Inc., Term Loan B		7.570%		12/31/11		N/R		$	5,977,771
	2,000			Transdigm Inc.		7.389%		6/23/13		B+			2,014,750
	2,414			Vought Aircraft Industries, Inc., Term Loan		7.880%		12/22/11		B-			2,430,464
	545			Vought Aircraft Industries, Inc., Tranche B, Letter of Credit		7.822%		12/22/10		B-			548,693
	10,884			Total Aerospace & Defense									10,971,678
				Airlines – 3.1% (1.8% of Total Investments)
	8,000			Northwest Airlines Inc., Term Loan		2.500%		7/19/08		N/R			8,035,004
	10,448			United Air Lines Inc., Term Loan B		9.250%		2/01/12		B+			10,630,331
	1,493			United Air Lines Inc., Delayed Term Loan		9.125%		2/01/12		B+			1,518,619
	19,941			Total Airlines									20,183,954
				Auto Components – 4.0% (2.4% of Total Investments)
	17,662			Federal Mogul Corporation, Term Loan A, (5)		7.570%		2/24/04		N/R			17,209,411
	2,000			Federal-Mogul Corporation, Term Loan B, (5)		7.820%		2/24/05		N/R			1,953,750
	6,000			Goodyear Tire & Rubber Company, Second Lien Term Loan		8.140%		4/30/10		B+			6,055,716
	1,000			Goodyear Tire & Rubber Company, Term Loan		7.072%		4/30/10		BB			1,003,214
	26,662			Total Auto Components									26,222,091
				Beverages – 0.3% (0.2% of Total Investments)
	2,083			Constellation Brands, Inc., Term Loan		6.931%		6/05/13		BB			2,094,256
				Building Products – 6.0% (3.6% of Total Investments)
	1,777			Atrium Companies Inc. Term Loan		8.126%		5/31/12		B			1,754,497
	14,700			Nortek, Inc., Term Loan B		7.325%		8/27/11		B			14,681,625
	4,434			PP Holding Corporation, Term Loan		8.320%		11/12/11		B			4,469,565
	7,381			Stile Acquisition Corporation, Canadian Term Loan		7.380%		4/05/13		BB-			7,227,244
	7,394			Stile Acquisition Corporation, Term Loan B		7.380%		4/05/13		BB-			7,239,557
	4,000			TFS Acquisition, Term Loan		8.921%		8/01/13		B+			4,030,000
	39,686			Total Building Products									39,402,488
				Capital Markets – 2.2% (1.3% of Total Investments)
	9,773			Ameritrade Holdings Corporation, Term Loan B		6.820%		12/31/12		N/R			9,779,629
	5,000			BNY Convergex Group LLC, Term Loan		8.380%		10/02/13		B+			5,011,720
	14,773			Total Capital Markets									14,791,349
				Chemicals – 10.2% (6.2% of Total Investments)
	7,108			Celanese Corporation, Term Loan C		7.117%		4/06/11		N/R			7,156,654
	1,298			Headwaters Inc., 1st Lien Term Loan		7.380%		4/30/11		BB-			1,296,655
	12,677			Hercules Inc., Term Loan B		6.870%		10/08/10		BB			12,694,875
	4,917			Hexion Specialty Chemicals, Term Loan		7.375%		5/05/13		Ba3			4,910,321
	1,068			Hexion Specialty Chemicals, Term Loan		7.370%		5/05/13		Ba3			1,066,662
	10,516			Huntsman International LLC, Term Loan		7.070%		8/16/12		BB-			10,522,904
	4,000			Ineos Group Holdings PLC, Term Loan B		7.611%		12/10/13		B+			4,052,916
	4,000			Ineos Group Holdings PLC, Term Loan C		8.111%		12/16/14		B-			4,052,916
	466			JohnsonDiversey Inc., Term Loan		7.970%		12/16/11		B+			470,197
	1,477			Lucite International, Term Loan B-1		8.070%		7/19/13		B+			1,489,696
	519			Lucite International, Term Loan B-2, (6)		1.375%		7/19/13		B+			4,386
	7,000			Lyondell Citgo Refining LP, Term Loan		7.110%		8/16/13		BB			7,044,482
	12,805			Rockwood Specialties Group, Inc., Term Loan E		7.376%		7/30/12		B+			12,880,229
	67,851			Total Chemicals									67,642,893
				Commercial Services & Supplies – 3.6% (2.2% of Total Investments)
	4,278			Allied Waste North America, Inc., Letter of Credit		7.073%		1/15/12		Ba3			4,284,921
	10,780			Allied Waste North America, Inc., Term Loan B		7.153%		1/15/12		Ba3			10,796,520
	5,500			Williams Scotsman, Inc., Term Loan B		6.820%		6/28/10		B2			5,486,250
	1,549			Workflow Management, Inc., Term Loan		9.376%		11/30/11		B2			1,559,192
	1,946			Xerium Technologies Inc. Term Loan B		7.617%		5/18/12		B+			1,944,009
	24,053			Total Commercial Services & Supplies									24,070,892
				Communications Equipment – 0.8% (0.5% of Total Investments)
	3,000			Aspect Software, Term Loan B		8.438%		7/11/11		B+			3,011,625
	2,000			IPC Acquisition Corporation First Lien Term Loan, WI/DD		TBD		TBD		B+			2,014,167
	5,000			Total Communications Equipment									5,025,792
				Containers & Packaging – 4.5% (2.7% of Total Investments)
	1,990			Amscan Holdings Inc., Term Loan B		8.316%		12/23/12		B+			2,006,169
	17,685			Graham Packaging Company, L.P., Term Loan B		7.725%		10/07/11		B			17,789,209
	3,571			Graham Packaging Company, L.P., Term Loan C		9.688%		3/15/12		CCC+			3,606,027
	699			Smurfit-Stone Container Corporation, Deposit-Funded Commitment		7.572%		11/01/11		B+			703,840
	3,302			Smurfit-Stone Container Corporation, Term Loan B		7.658%		11/01/11		B+			3,326,200
	1,688			Smurfit-Stone Container Corporation, Term Loan C		7.667%		11/01/11		B+			1,700,466
	530			Smurfit-Stone Container Corporation, Tranche C-1		7.625%		11/01/11		B+			533,625
	29,465			Total Containers & Packaging									29,665,536
				Diversified Consumer Services – 1.1% (0.7% of Total Investments)
	7,500			West Corporation, Term Loan, WI/DD		TBD		TBD		B+			7,507,365
				Diversified Financial Services – 1.6% (1.0% of Total Investments)
	3,960			EPCO Holdings Inc., Term Loan B		7.372%		7/13/10		B+			3,987,225
	4,352			NASDAQ Stock Market, Inc., Term Loan B		7.070%		4/18/12		Ba3			4,358,002
	2,523			NASDAQ Stock Market, Inc., Term Loan C		7.065%		4/18/12		Ba3			2,526,232
	10,835			Total Diversified Financial Services									10,871,459
				Diversified Telecommunication Services – 3.7% (2.2% of Total Investments)
	6,000			Cebridge III LLC., Term Loan B		7.620%		11/01/14		B+			5,996,250
	1,000			Choice One Communications, Term Loan B		9.375%		6/27/12		B			1,012,813
	3,950			Intelsat Limited		7.622%		7/01/13		N/R			3,980,243
	6,000			Level 3 Communications Incorporated, Term Loan		8.398%		12/01/11		B-			6,068,748
	1,981			Madison River Capital LLC, Term Loan		7.620%		7/29/12		B+			1,993,024
	5,500			Qwest Corporation, Term Loan B		6.950%		6/30/10		BB			5,588,000
	24,431			Total Diversified Telecommunication Services									24,639,078
				Electrical Equipment – 0.9% (0.6% of Total Investments)
	6,048			Mueller Group, Inc., Term Loan		7.388%		10/03/12		B+			6,088,500
				Electronic Equipment & Instruments – 1.7% (1.0% of Total Investments)
	10,000			Sanmina-SCI Corporation, Term Loan, DD1		7.880%		7/31/08		BB-			10,035,000
	998			Sensata Technologies B.V., Term Loan		7.130%		4/27/13		BB-			992,669
	10,998			Total Electronic Equipment & Instruments									11,027,669
				Energy Equipment & Services – 0.1% (0.1% of Total Investments)
	573			Petroleum Geo-Services, Term Loan		7.610%		12/15/12		BB-			577,750
				Food & Staples Retailing – 2.9% (1.7% of Total Investments)
	11,852			Jean Coutu Group, Inc., Term Loan B		7.937%		7/30/11		B1			11,905,187
	6,965			Supervalu		7.188%		6/02/12		B1			6,990,687
	18,817			Total Food & Staples Retailing									18,895,874
				Food Products – 0.7% (0.5% of Total Investments)
	465			Dole Foods Company Inc., Deposit-Funded Commitment		7.374%		4/12/13		BB-			462,209
	1,041			Dole Foods Company Inc., Term Loan B		7.550%		4/12/13		BB-			1,034,771
	3,471			Dole Foods Company Inc., Term Loan C		7.480%		4/12/13		B+			3,449,236
	4,977			Total Food Products									4,946,216
				Health Care Equipment & Supplies – 0.6% (0.4% of Total Investments)
	3,915			Kinetic Concepts Inc., Term Loan B-1		7.120%		8/11/10		BB			3,926,051
				Health Care Providers & Services – 9.4% (5.7% of Total Investments)
	13,178			Davita Inc., Term Loan B		7.425%		10/05/12		BB-			13,258,351
	10,945			Fresenius Medical Care AG & Co. KGaA, Term Loan		6.752%		3/31/13		Ba2			10,891,036
	3,990			HealthSouth Corporation, Term Loan		8.620%		3/10/13		B2			4,011,057
	13,684			IASIS Healthcare LLC, Term Loan B		7.729%		6/22/11		B+			13,769,130
	3,960			LifeCare Holdings Inc., Term Loan B		7.570%		8/11/12		B			3,658,050
	1,042			LifePoint Hospitals Holdings, Inc., Term Loan B		6.945%		4/18/12		Ba3			1,038,666
	2,955			Select Medical Corporation, Term Loan		7.151%		2/24/12		BB-			2,903,842
	12,804			Vanguard Health Holding Company, LLC, Replacement Term Loan		7.868%		9/23/11		B			12,831,674
	62,558			Total Health Care Providers & Services									62,361,806
				Hotels, Restaurants & Leisure – 12.6% (7.6% of Total Investments)
	9,398			24 Hour Fitness Worldwide, Inc., Term Loan B		7.994%		7/17/12		B			9,468,120
	3,165			Ameristar Casinos, Inc., Term Loan B		6.900%		11/10/12		Ba3			3,169,249
	5,865			Boyd Gaming Corporation, Term Loan B		6.867%		6/30/11		BB			5,873,798
	1,352			Burger King Corporation, Term Loan B		6.875%		6/30/12		BB-			1,353,377
	4,988			Cedar Fair LP, Term Loan		7.867%		6/13/12		BB-			5,047,896
	122			Cracker Barrel, Term B-2 Delayed Draw, (6) (7)		0.750%		4/27/13		BB			(648	)
	873			Cracker Barrel, Term Loan B-1		6.932%		4/28/13		BB			871,778
	2,925			Jack in the Box Inc., Term Loan B		6.882%		1/08/11		BB			2,936,694
	14,403			OpBiz, LLC, Term Loan A		8.372%		8/31/10		B-			14,089,498
	39			OpBiz, LLC, Term Loan B (PIK)		9.537%		8/31/10		CCC+			38,420
	7,915			Penn National Gaming, Inc., Term Loan B		7.129%		10/03/12		BB			7,966,485
	10,019			Travelport, Term Loan		8.367%		8/09/13		B+			10,061,498
	981			Travelport, Letter of Credit		8.367%		8/09/13		B+			985,648
	1,975			Trump International, Term Loan B-1		8.030%		5/20/12		BB-			1,991,948
	1,975			Trump International, Term Loan B-2 (6)		2.000%		5/20/12		BB-			16,973
	9,255			Universal City Development Partners, Ltd., Term Loan		7.387%		6/09/11		BB-			9,295,034
	1,709			Venetian Casino Resort, LLC Term Loan B		7.120%		6/15/11		BB-			1,715,544
	8,291			Venetian Casino Resort, LLC, Term Loan		7.120%		6/15/11		BB-			8,320,391
	85,250			Total Hotels, Restaurants & Leisure									83,201,703
				Household Durables – 0.3% (0.2% of Total Investments)
	2,000			Rent-A-Center Inc., Term Loan B, WI/DD		TBD		TBD		Ba2			2,007,500
				Household Products – 1.9% (1.2% of Total Investments)
	1,116			Prestige Brands, Inc., Term Loan B2		7.660%		4/06/11		B+			1,122,926
	8,758			Prestige Brands, Inc., Term Loan B		7.715%		4/06/11		B+			8,810,806
	2,866			Solo Cup Company, Term Loan, WI/DD		TBD		TBD		CCC+			2,885,533
	12,740			Total Household Products									12,819,265
				Independent Power Producers & Energy Traders – 0.4% (0.2% of Total Investments)
	1,561			Covanta Energy Corporation, Letter of Credit		7.621%		5/31/12		B+			1,575,934
	1,116			Covanta Energy Corporation, Term Loan B		7.615%		5/13/12		B-			1,126,494
	2,677			Total Independent Power Producers & Energy Traders									2,702,428
				Industrial Conglomerates – 0.1% (0.1% of Total Investments)
	610			Walter Industries Inc., Term Loan B		7.155%		10/03/12		B+			611,541
				Insurance – 2.6% (1.5% of Total Investments)
	16,816			Conseco, Inc., Term Loan		7.320%		10/10/13		BB-			16,879,058
				IT Services – 6.4% (3.9% of Total Investments)
	17,204			Fidelity National Information Services, Term Loan B		7.070%		3/09/13		BB+			17,264,103
	1,371			Infor Global Solutions, Delayed Draw Loan		9.125%		7/28/12		B			1,383,714
	2,629			Infor Global Solutions, Term Loan		9.120%		7/28/12		B			2,652,118
	20,745			SunGard Data Systems Inc., Term Loan B		7.999%		2/11/13		B+			20,964,479
	41,949			Total IT Services									42,264,414
				Leisure Equipment & Products – 1.7% (1.0% of Total Investments)
	11,000			Bombardier Recreational Products, Term Loan		8.130%		6/07/13		B1			11,000,000
				Machinery – 0.5% (0.3% of Total Investments)
	632			Dresser-Rand Group, Inc., Term Loan		7.485%		10/29/07		BB-			635,842
	2,500			Navistar International Corporation, Series B		10.355%		1/22/09		N/R			2,535,416
	3,132			Total Machinery									3,171,258
				Marine – 0.7% (0.4% of Total Investments)
	4,888			Horizon Lines, LLC, Term Loan B		7.620%		7/11/11		B			4,910,410
				Media – 26.6% (16.0% of Total Investments)
	2,000			American Media Operations, Inc., Term Loan C		8.340%		1/30/13		B-			2,014,792
	1,828			Blockbuster, Inc., Term Loan B		8.972%		8/20/11		B-			1,827,833
	9,950			Cablevision Systems Corporation, Incremental Term Loan		7.148%		3/23/13		BB			9,954,000
	17,000			Century Cable Holdings LLC, Term Loan B (5)		10.250%		12/31/09		N/R			16,617,500
	7,000			Century Cable Holdings, LLC, Revolver (5)		9.250%		10/25/10		N/R			6,776,875
	2,000			Century Cable Holdings, LLC, Term Loan (5)		10.250%		6/30/09		N/R			1,957,500
	21,798			Charter Communications Inc., Term Loan B		8.005%		4/28/13		B			22,010,430
	4,953			Clear Channel Entertainment, Term Loan B		7.620%		6/20/13		B+			4,955,620
	4,040			Dex Media West, LLC, Term Loan B		6.886%		3/09/10		BB			4,029,665
	13,888			Metro-Goldwyn-Mayer Studios, Inc., Term Loan B		8.617%		3/15/12		N/R			13,732,540
	16,000			Neilsen Finance LLC, Term Loan B		8.190%		8/01/13		B+			16,076,256
	1,217			Nextmedia Operating Group, Delayed Draw Term Loan		7.320%		11/15/12		B			1,215,569
	2,743			Nextmedia Operating Inc., First Lien Term Loan		7.320%		11/15/12		B			2,739,976
	17,000			Panamsat Corporation, Term Loan		7.872%		1/03/14		BB			17,161,738
	4,988			Philadelphia Newspapers, Term Loan		8.120%		6/29/13		N/R			4,968,797
	6,435			Primedia Inc., Term Loan		7.570%		9/30/13		N/R			6,417,304
	2,293			R. H. Donnelley Inc., Tranche D		6.886%		6/30/11		Ba3			2,286,926
	12,366			Regal Cinemas Corporation, Term Loan		7.117%		11/10/10		BB-			12,362,906
	985			Spanish Broadcasting System Inc., Term Loan B		7.120%		6/10/12		B+			986,026
	3,500			UPC Broadband Holding BV, Term Loan J2		7.640%		3/29/13		B			3,504,219
	3,500			UPC Broadband Holding BV, Term Loan K2		7.640%		12/31/13		B			3,503,595
	15,429			WMG Acquisition Corp., Term Loan		7.369%		2/28/11		BB-			15,504,979
	6,025			Yell Group, Term Loan, DD1		7.320%		2/09/13		N/R			6,060,960
	176,938			Total Media									176,666,006
				Metals & Mining – 0.6% (0.3% of Total Investments)
	2,775			Amsted Industries Incorporated, Delayed Draw Term Loan, (6) (7)		0.500%		4/05/11		BB-			(34,685	)
	3,846			Amsted Industries Incorporated, Term Loan B		7.373%		4/05/13		BB-			3,862,579
	6,621			Total Metals & Mining									3,827,894
				Multiline Retail – 1.5% (0.9% of Total Investments)
	9,494			Neiman Marcus Group Inc., Term Loan		7.641%		3/28/13		B+			9,579,707
				Multi-Utilities – 2.0% (1.2% of Total Investments)
	10,533			NRG Energy Inc., Credit-Linked Deposit		7.367%		2/01/13		BB-			10,601,478
	2,414			NRG Energy Inc., Term Loan		7.367%		2/01/13		BB-			2,427,882
	12,947			Total Multi-Utilities									13,029,360
				Oil, Gas & Consumable Fuels – 1.9% (1.1% of Total Investments)
	2,763			Citgo Petroleum Corporation, Term Loan		6.681%		10/13/12		BBB-			2,767,243
	800			Coffeyville Resources LLC, Letter of Credit		7.625%		6/30/11		BB-			805,899
	1,185			Coffeyville Resources LLC, Term Loan B		7.627%		6/30/12		BB-			1,193,814
	3,960			Complete Production Services, Term Loan		7.810%		8/03/12		B			3,972,995
	1,165			El Paso Corporation, Letter of Credit		7.320%		7/31/11		B+			1,174,497
	484			Targa Resources Inc., Synthetic Letter of Credit		7.624%		10/31/12		B+			486,895
	1,996			Targa Resources Inc., Term Loan B		7.632%		10/31/12		B+			2,008,443
	12,353			Total Oil, Gas & Consumable Fuels									12,409,786
				Paper & Forest Products – 4.6% (2.8% of Total Investments)
	1,149			Bluegrass Container Company LLC, Delayed Draw 1st Lien		7.601%		7/31/13		BB-			1,160,661
	3,839			Bluegrass Container Company, LLC, Term Loan B		7.604%		6/30/13		BB-			3,879,053
	3,997			Boise Cascade Corporation, Term Loan D		7.108%		3/29/11		BB			4,019,899
	11,910			Georgia-Pacific Corporation, Term Loan B		7.385%		12/20/12		BB-			11,985,259
	6,000			Georgia-Pacific Corporation, Term Loan C		8.390%		2/13/14		B+			6,084,141
	2,316			NewPage Corporation, Term Loan B		8.365%		5/02/11		B			2,345,438
	1,000			White Birch Paper Company, Second Lien Term Loan		12.870%		4/08/13		CCC+			1,014,167
	30,211			Total Paper & Forest Products									30,488,618
				Pharmaceuticals – 1.2% (0.7% of Total Investments)
	4,925			Talecris Biotherapeutics Inc., Term Loan B		8.641%		4/01/11		B2			4,925,000
	86			Warner Chilcott Corporation, Dovobet Delayed Draw Term		7.867%		1/18/12		B+			86,583
	431			Warner Chilcott Corporation, Dovonex Delayed Draw Term		7.867%		1/18/12		B+			432,675
	1,889			Warner Chilcott Corporation, Tranche B		7.926%		1/18/12		B+			1,900,769
	519			Warner Chilcott Corporation, Tranche C		7.867%		1/18/12		B+			521,856
	7,850			Total Pharmaceuticals									7,866,883
				Real Estate Management & Development – 5.2% (3.1% of Total Investments)
	9,768			Capital Automotive LP., Term Loan		7.080%		12/16/10		BB+			9,823,190
	171			Lion Gables, Term Loan		7.070%		3/30/07		Ba2			170,864
	16,000			LNR Property Corporation, Term Loan B		8.220%		7/12/11		B2			16,078,328
	8,000			Macerich Company, Term Loan		6.875%		4/25/10		N/R			7,985,000
	33,939			Total Real Estate Management & Development									34,057,382
				Road & Rail – 0.9% (0.5% of Total Investments)
	667			Hertz Corporation, Synthetic Term Loan		7.640%		12/21/12		BB+			672,417
	5,297			Hertz Corporation, Term Loan B		7.654%		12/21/12		BB			5,342,445
	5,964			Total Road & Rail									6,014,862
				Semiconductors & Equipment – 2.1% (1.3% of Total Investments)
	13,000			Advanced Micro Devices, Term Loan B		7.570%		12/12/13		BB-			13,067,321
	1,000			Spansion Inc., Term Loan, WI/DD		TBD		TBD		B+			1,005,938
	14,000			Total Semiconductors & Equipment									14,073,259
				Software – 2.8% (1.7% of Total Investments)
	6,000			Reynolds and Reynolds Company, 2nd Lien Term Loan, WI/DD		TBD		TBD		B3			6,106,251
	12,000			Reynolds and Reynolds Company, Term Loan, WI/DD		TBD		TBD		B3			12,090,000
	18,000			Total Software									18,196,251
				Specialty Retail – 5.5% (3.3% of Total Investments)
	6,000			CSK Automotive Corporation, Term Loan		8.376%		6/30/12		B+			6,093,750
	1,754			J Crew Operating Corporation		7.137%		5/15/13		B+			1,754,020
	13,000			Michaels Stores Inc., Term Loan, WI/DD		TBD		TBD		B-			13,065,000
	11,000			Toys “R” Us, Inc., Term Loan		8.323%		12/09/08		N/R			11,034,375
	3,000			Toys “R” Us, Inc., Term Loan B		9.643%		7/01/12		B			3,068,543
	993			TravelCenters of America Inc., Term Loan		7.112%		12/01/11		B1			993,896
	35,747			Total Specialty Retail									36,009,584
				Textiles, Apparel & Luxury Goods – 1.7% (1.0% of Total Investments)
	995			Burlington Coat Factory Warehouse Corporation, Term Loan		7.530%		4/13/13		B			982,330
	4,000			HanesBrands Inc., Term Loan		7.679%		8/15/13		BB-			4,039,000
	2,000			HanesBrands Inc., 2nd Lien Term Loan		9.188%		8/15/14		B-			2,052,857
	4,118			Visant Holding Corporation, Term Loan C		7.122%		7/29/10		B+			4,142,694
	11,113			Total Textiles, Apparel & Luxury Goods									11,216,881
				Trading Companies & Distributors – 1.3% (0.8% of Total Investments)
	2,000			Ashtead Group Public Limited Company, Term Loan B		1.750%		8/01/11		B3			2,000,000
	393			Brenntag Holding GmbH and Company KG, Acquisition Facility Term Loan		8.080%		1/20/14		B			395,427
	1,607			Brenntag Holdings, Term Loan B2		8.080%		1/20/14		B			1,623,346
	1,219			United Rentals Inc., Credit Linked Deposit		5.220%		2/13/11		BB-			1,224,234
	3,146			United Rentals Inc., Delayed Draw Term Loan B		7.320%		2/14/11		BB-			3,160,111
	8,365			Total Trading Companies & Distributors									8,403,118
$	955,654			Total Variable Rate Senior Loan Interests (cost $948,802,910)									952,319,865

Principal
Amount (000)				Description (1)		Coupon		Maturity		Ratings (4)		Value
				Corporate Bonds – 12.1% (7.3% 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		8.621%		6/15/13		N/R		$	5,412,500
				Electronic Equipment & Instruments – 2.5% (1.5% of Total Investments)
	16,000			NXP BV, Floating Rate Note, 2.750% plus three-month LIBOR		8.121%		10/15/13		BB+			16,220,000
				Energy Equipment & Services – 0.8% (0.5% of Total Investments)
	5,000			Williams Companies Inc., Floating Rate Note, 2.000% plus three-month LIBOR, 144A		7.371%		10/01/10		Ba2			5,143,750
				Food Products – 0.5% (0.3% of Total Investments)
	1,528			Dole Foods Company		8.625%		5/01/09		B-			1,503,170
	1,780			Dole Foods Company		8.875%		3/15/11		B-			1,706,575
	3,308			Total Food Products									3,209,745
				Hotels, Restaurants & Leisure – 3.0% (1.7% of Total Investments)
	9,505			Aztar Corporation		9.000%		8/15/11		Ba3			9,968,369
	7,900			Mohegan Tribal Gaming Authority		8.000%		4/01/12		Ba2			8,275,250
	2,000			Park Place Entertainment		8.500%		11/15/06		Baa3			2,001,646
	19,405			Total Hotels, Restaurants & Leisure									20,245,265
				Household Durables – 0.3% (0.2% of Total Investments)
	2,000			K. Hovnanian Enterprises Inc.		10.500%		10/01/07		Ba1			2,085,000
				Media – 1.6% (1.0% of Total Investments)
	10,000			Cablevision Systems Corporation, Floating Rate Note, 4.500% plus six-month LIBOR, 144A		9.888%		4/01/09		B+			10,525,000
				Paper & Forest Products – 0.7% (0.4% of Total Investments)
	4,000			Verso Paper Holdings LLC., Floating Rate Note, 3.750% plus three-month LIBOR, 144A		9.121%		8/01/14		B+			4,060,000
	500			Verso Paper Holdings LLC., 144A		9.125%		8/01/14		B+			510,000
	4,500			Total Paper & Forest Products									4,570,000
				Real Estate Investment Trust – 0.6% (0.4% of Total Investments)
	4,000			Felcor Lodging Trust Inc., Floating Rate Note, 1.875% plus six-month LIBOR, 144A		7.263%		12/01/11		Ba3			3,990,000
				Semiconductors & Equipment – 1.1% (0.7% of Total Investments)
	7,000			Avago Technologies Finance Pte. Ltd., Floating Rate Note, 5.500% plus three-month LIBOR, 144A		10.871%		6/01/13		B			7,350,000
				Wireless Telecommunication Services – 0.2% (0.1% of Total Investments)
	1,000			Dobson Communications Corporation, Floating Rate Note, 4.250% plus three-month LIBOR		9.621%		10/15/12		CCC			1,020,000
$	77,213			Total Corporate Bonds (cost $79,237,549)									79,771,260

Shares				Description (1)								Value
				Investment Companies – 0.2% (0.1% of Total Investments)
	74,200			Eaton Vance Floating-Rate Income Trust Fund								$	1,358,602
				Total Investment Companies (cost $1,260,676)									1,358,602

Shares				Description (1)								Value
				Warrants – 0.0% (0.0% of Total Investments)
	36,521			Reliant Energy Inc.								$	264,777
				Total Warrants (cost $257,912)									264,777

Principal
Amount (000)		Description (1)		Coupon		Maturity				Value
		Short-Term Investments – 9.4% (5.7% of Total Investments)
$             62,202		Repurchase Agreement with State Street Bank, dated 10/31/06, repurchase price $62,211,109, collateralized by $63,290,000, U.S. Treasury Notes, 4.875%, due 10/31/08, value $63,448,225		5.050%		11/01/06				$	62,202,383
		Total Short-Term Investments (cost $62,202,383)									62,202,383
		Total Investments (cost $1,091,761,430) – 165.9%									1,095,916,887
		Other Assets Less Liabilities – (5.3)%									(35,310,340	)
		Preferred Shares, at Liquidation Value – (60.6)%									(400,000,000	)
		Net Assets Applicable to Common Shares – 100%								$	660,606,547

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(2)		Senior Loans in which the Fund invests 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.
(3)		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.
(4)		Ratings: Using the higher of Standard & Poor’s or Moody’s rating. Ratings below BBB by Standard & Poor’s Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade.
(5)		At or subsequent to October 31, 2006, this issue was under the protection of the Federal Bankruptcy Court.
(6)		Position represents an unfunded Senior Loan commitment outstanding at October 31, 2006. At October 31, 2006, the Fund had unfunded Senior Loan commitments of $5,390,955.
(7)		Negative value represents unrealized depreciation on Senior Loan commitment at October 31, 2006.
WI/DD		Purchased on a when-issued or delayed delivery basis.
DD1		Portion purchased on a delayed delivery basis.
N/R		Not rated.
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.
(PIK)		In lieu of cash payment, interest accrued on “Payment in Kind” investment increases principal outstanding.

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, recognition of premium amortization and timing differences in recognizing certain gains and losses on investment transactions.

At October 31, 2006, the cost of investments was $1,093,397,579. Rx

Gross unrealized appreciation and gross unrealized depreciation of investments at October 31, 2006, were as follows:

Gross unrealized:
Appreciation		$	6,674,412
Depreciation			(4,155,104	)
Net unrealized appreciation (depreciation) of investments		$	2,519,308

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 December 28, 2006

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 December 28, 2006

Date December 28, 2006