Notes to Financial Statements
1. General Information and Significant Accounting Policies
At May 31, 1997, the state Funds (the "Funds") covered in this report and their corresponding stock exchange
symbols are Nuveen Connecticut Premium Income Municipal Fund (NTC), Nuveen Massachusetts Premium
Income Municipal Fund (NMT), Nuveen Missouri Premium Income Municipal Fund (NOM) and Nuveen
Washington Premium Income Municipal Fund (NPW). NTC and NMT are traded on the New York Stock
Exchange while NOM and NPW are traded on the American Stock Exchange.
Each Fund invests primarily in a diversified portfolio of municipal obligations issued by state and local government
authorities within a single state. The Funds are registered under the Investment Company Act of 1940 as closed-
end, diversified management investment companies.
The following is a summary of significant accounting policies followed by the Funds in the prepa ration of their
financial statements in accordance with generally accepted accounting principles.
The prices of municipal bonds in each Fund's investment portfolio are provided by a pricing service approved by
the Fund's Board of Trustees. When price quotes are not readily available (which is usually the case for municipal
securities), the pricing service establishes fair market value based on yields or prices of municipal bonds of
comparable quality, type of issue, coupon, maturity and rating, indications of value from securities dealers and
general market conditions. Temporary investments in securities that have variable rate and demand features
qualifying them as short-term securities are valued at amortized cost, which approximates market value.
Securities transactions are recorded on a trade date basis. Realized gains and losses from such transactions are
determined on the specific identification method. Securities purchased or sold on a when-issued or delayed
delivery basis may have extended settlement periods. Any securities