[MORGAN STANLEY & CO. INCORPORATED LETTERHEAD]
September 15, 2010
VIA EDGAR
John Grzeskiewicz
Senior Counsel
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Nuveen California Premium Income Municipal Fund
Registration Statement on Form N-2
File Nos. 333-164816 and 811-07720
Dear Mr. Grzeskiewicz:
Pursuant to Rule 461 under the Securities Act of 1933, as amended, the undersigned, on behalf of the several underwriters, of the above captioned securities, hereby joins in the request of Nuveen California Premium Income Municipal Fund that the effectiveness of the Registration Statement relating to such securities be accelerated so that the Registration Statement will become effective by 10:00 a.m., Eastern Time, on September 17, 2010, or as soon thereafter as practicable.
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Sincerely, |
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MORGAN STANLEY & CO. INCORPORATED |
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As Representative |
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By: | | MORGAN STANLEY & CO. INCORPORATED
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By: | | /s/ Yurij Slyz
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Name: Title: | | Yurij Slyz Executive Director |