NUVEEN INVESTMENTS, INC - 3 filing on 2006-10-13

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Hlavacek Sherri A

(Last)

(First)

(Middle)

333 W. WACKER DRIVE

SUITE 2900

(Street)

CHICAGO

60606

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/06/2006

3. Issuer Name and Ticker or Trading Symbol
NUVEEN INVESTMENTS INC [ JNC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Vice President & P.A.O.

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	3,634⁽¹⁾	D
Class A Common Stock	270	I	By 401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Non-Qualified Stock Option⁽²⁾	01/20/2007	01/20/2014	Class A Common Stock	18,000	29.04	D
Non-Qualified Stock Option⁽²⁾	01/14/2008	01/14/2015	Class A Common Stock	8,401	38.01	D
Non-Qualified Stock Option⁽²⁾	01/13/2009	01/13/2016	Class A Common Stock	6,044	44.58	D

Explanation of Responses:

1. Reflects awards granted in January 2005 and 2006, respectively, under the Issuer's Equity Incentive Plan. The 2,195 shares granted in January 2005 will vest in a single installment on January 14, 2008 and 1,439 shares granted in January 2006 will vest in a single installment on January 13, 2009.

2. Reflects options granted in Janaury of 2004, 2005 and 2006, respectively, under the Issuer's Equity Incentive Plan. All of these options vest on the Date Exercisable shown in Column 2 above.

Remarks:

	By: John L. MacCarthy/Signed under POA	10/13/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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