Exhibit 1.3

                             Bell, Boyd & Lloyd LLC
        70 West Madison Street, Suite 3100 . Chicago, Illinois 60602-4207
                         312.372.1121 . Fax 312.827.8000

                                December 9, 2005

        As counsel for Nuveen Equity Premium and Growth Fund (the "Registrant"),
we consent to the incorporation by reference of our opinion, filed with
Pre-effective Amendment No. 1 to the Registrant's Registration Statement on Form
N-2 (File No. 333-128545 and 811-21731) on October 25, 2005.

        In giving this consent we do not admit that we are in the category of
persons whose consent is required under Section 7 of the Securities Act of 1933.

                                                     Very truly yours,

                                                     /s/ Bell, Boyd & Lloyd LLC

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