EXHIBIT 10.12(a)

                           NUVEEN INVESTMENT TRUST II

                   RENEWAL OF INVESTMENT MANAGEMENT AGREEMENT

This Agreement made this 2nd day of June, 2001 by and between Nuveen Investment
Trust II, a Massachusetts business trust (the "Fund"), and Nuveen Institutional
Advisory Corp., a Delaware corporation (the "Adviser");

WHEREAS, the parties hereto are the contracting parties under that certain
Management Agreement (the "Agreement") pursuant to which the Adviser furnishes
investment advisory and management services and certain other services to the
Fund; and

WHEREAS, the Board of Trustees, at a meeting called for the purpose of reviewing
the Agreement, have approved the Agreement and its continuance until August 1,
2002 in the manner required by the Investment Company Act of 1940.

NOW THEREFORE, in consideration of the mutual covenants contained in the
Agreement, the parties hereto do hereby approve the continuance of the Agreement
in effect until August 1, 2002 and do ratify and confirm the Agreement in all
respects.

                                        NUVEEN INVESTMENT TRUST II

                                        By:_____________________________________
                                                    Vice President

ATTEST:

__________________________________
         Assistant Secretary


                                        NUVEEN INSTITUTIONAL
                                        ADVISORY CORP.

                                        By:_____________________________________
                                                    Vice President

ATTEST:

__________________________________
         Assistant Secretary