Nuveen Commodities Asset Management, LLC
333 West Wacker Drive
Chicago, IL 60606
Phone: 877-827-5920
www.nuveen.com
September 23, 2010
OVERNIGHT DELIVERY AND EDGAR
Karen J. Garnett
Assistant Director
Division of Corporate Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Nuveen Diversified Commodity Fund
Registration Statement on Form S-1
File No. 333-130360
Dear Ms. Garnett:
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, Nuveen Diversified Commodity Fund (the “Fund”) hereby requests acceleration of the effective date of the above-captioned Registration Statement so that it will become effective by 10:00 a.m., Eastern Time, on September 27, 2010 or as soon thereafter as practicable.
The Fund also hereby requests that effectiveness of its Registration Statement on Form 8-A under the Securities Exchange Act of 1934, as amended, be accelerated to be concurrent with the effectiveness of the above-captioned Registration Statement.
On behalf of the Fund, we hereby make the following representations:
| (i) | | Should the Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; |
| (ii) | | The action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Fund from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and |
| (iii) | | The Fund may not assert the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
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Sincerely, |
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NUVEEN DIVERSIFIED COMMODITY FUND |
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By: | | NUVEEN COMMODITIES ASSET MANAGEMENT, LLC, its manager |
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By: | | /s/ Kevin J. McCarthy |
| | Kevin J. McCarthy |
| | Vice President and Secretary |
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| | Global Markets & Investment Banking |
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| | One Bryant Park – 8th Floor New York, New York 10036 646-855-6780 |
September 23, 2010
Karen Garnett
Assistant Director
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Nuveen Diversified Commodity Fund
Registration Statement on Form S-1
File No. 333-130360
Dear Ms. Garnett:
Pursuant to Rule 460 of the General Rules and Regulations under the Securities Act of 1933 (the “1933 Act”), as amended, we, on behalf of the several underwriters, wish to advise you that distribution of the Registration Statement on Form S-1, as filed on September 1, 2010 and the Preliminary Prospectus dated August 31, 2010, began on September 1, 2010 and is expected to conclude at approximately 5:00 PM, Eastern Time, on September 27, 2010, with anticipated distribution results as follows: a limited number of Registration Statements have or will be sent to underwriters and approximately 82,000 copies of the Preliminary Prospectus have or will be sent to underwriters, dealers and institutions.
In accordance with Rule 461 of the General Rules and Regulations under the 1933 Act, as amended, the undersigned, on behalf of the underwriters of the offering of shares of the Fund, hereby joins in the request of the Fund for acceleration of the effective date of the above-named Registration Statement so that it becomes effective at 10:00 AM, Eastern Time, on September 27, 2010 or as soon thereafter as practicable.
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Sincerely, |
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MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED |
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On behalf of the Several Underwriters |
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By: | | MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED |
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By: | | /s/ RICHARD DIAZ |
| | Name: Richard Diaz |
| | Title: Assistant Vice President |