Nuveen Investments, a leading provider of diversified investment services, today announced its updated portfolio management team for two closed-end equity option funds, the Nuveen Equity Premium Income Fund (NYSE:JPZ) and Nuveen Equity Premium & Growth Fund (NYSE:JPG). This announcement reflects the addition of Michael T. Buckius, CFA, of Gateway Investment Advisers, L.P. Buckius joins J. Patrick Rogers, also of Gateway, in the management of the funds. Gateway Investment Advisers, L.P. serves as sub-adviser to the funds.

Both funds' investment objective is to provide a high level of current income and gains. Each fund continues to pursue its investment objectives by utilizing an integrated equity index option strategy. More information on these and other Nuveen closed-end funds is posted on Nuveen's web site at www.nuveen.com/cef.

As a vice president and portfolio manager for Gateway, Buckius is responsible for portfolio management, trading and research. Buckius earned his B.A. and M.B.A. from Loyola College. Before joining Gateway, he was a principal sales trader in equity derivatives at Bear Stearns & Co. He previously held trading and research positions at Alex. Brown Incorporated and Bankers Trust Company.

J. Patrick Rogers, CFA, is Chief Executive Officer of Gateway Investment Advisers, L.P. Rogers joined Gateway in 1989, and has been its President and a member of its Board of Directors since 1995.

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 highly specialized investment teams, each with its own brand-name and area of expertise: NWQ, specializing in value-style equities; Nuveen, focused on fixed-income investments; Santa Barbara, committed to growth equities; Tradewinds, specializing in global value equities; Rittenhouse, dedicated to ?blue-chip? growth equities; and Symphony, with expertise in alternative investments as well as equity and income portfolios. The Company manages $154 billion in assets. Nuveen Investments is listed on The New York Stock Exchange and trades under the symbol ?JNC.?