Nuveen Ohio Quality Income Municipal Fund, Inc.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q


QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-6385         

        Nuveen Ohio Quality Income Municipal Fund, Inc.         
(Exact name of registrant as specified in charter)


        333 West Wacker Drive, Chicago, Illinois, 60606         

Address of principal executive offices) (Zip code)


Jessica R. Droeger—Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois, 60606         

(Name and address of agent for service)

Registrant's telephone number, including area code:         312-917-7700        

Date of fiscal year end:            07/31          

Date of reporting period:          10/31/04         

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments

Portfolio of Investments (Unaudited)
Nuveen Ohio Quality Income Municipal Fund, Inc. (NUO)
October 31, 2004


Principal

Optional Call

Market

Amount (000)

Description(1)

Provisions*

Ratings**

Value


Consumer Staples - 1.6% (1.1% of Total Investments)

 

$

2,815

Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series

5/12 at 100.00

BBB

$    2,577,724

   2002, 5.375%, 5/15/33


Education and Civic Organizations - 10.1% (6.9% of Total Investments)

 

2,225

Ohio State Education, Student Loan Revenue Bonds, Supplemental Student Loan Program, Series

6/07 at 102.00

AAA

2,344,127

   1997A-1, 5.850%, 12/01/19 (Alternative Minimum Tax) - AMBAC Insured

 

1,000

Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Series 1994,

12/04 at 102.00

AAA

1,023,380

   5.800%, 12/01/14 - FGIC Insured

 

1,200

Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Findlay, Series 1996,

9/06 at 101.00

Ba1

1,217,316

   6.125%, 9/01/16

 

1,415

Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University, Series 2004,

11/14 at 100.00

AA

1,510,272

   5.000%, 11/01/21

 

1,750

Ohio Higher Education Facilities Commission, General Revenue Bonds, Oberlin College, Series 2003,

10/13 at 100.00

AA

1,849,085

   5.125%, 10/01/24

 

1,200

Ohio State University, General Receipts Bonds, Series 2002A, 5.125%, 12/01/31

12/12 at 100.00

AA

1,247,688

 

3,000

Ohio State University, General Receipts Bonds, Series 2003B, 5.250%, 6/01/22

6/13 at 100.00

AA

3,246,420

 

1,510

University of Akron, Ohio, General Receipts Bonds, Series 2003A, 5.000%, 1/01/21 - AMBAC Insured

1/13 at 100.00

AAA

1,610,506

 

850

University of Cincinnati, Ohio, General Receipts Bonds, Series 2003C, 5.000%, 6/01/22 - FGIC

6/13 at 100.00

AAA

903,933

   Insured

 

1,200

University of Cincinnati, Ohio, General Receipts Bonds, Series 2004D, 5.000%, 6/01/19 - AMBAC

6/14 at 100.00

AAA

1,303,212

   Insured


Healthcare - 24.8% (17.0% of Total Investments)

 

2,000

Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue Bonds,

11/09 at 101.00

Baa1

2,014,400

   Summa Health System Project, Series 1998A, 5.375%, 11/15/24

 

1,000

Cuyahoga County, Ohio, Hospital Revenue Refunding and Improvement Bonds, MetroHealth System, Series

2/07 at 102.00

AAA

1,089,650

   1997, 5.625%, 2/15/17 - MBIA Insured

 

2,000

Cuyahoga County, Ohio, Revenue Refunding Bonds, Cleveland Clinic Health System, Series 2003A,

7/13 at 100.00

A1

2,172,160

   6.000%, 1/01/32

 

4,500

Erie County, Ohio, Hospital Facilities Revenue Bonds, Firelands Regional Medical Center, Series

8/12 at 101.00

A

4,636,125

   2002A, 5.625%, 8/15/32

 

Franklin County, Ohio, Hospital Revenue Refunding and Improvement Bonds, Children's Hospital

Project, Series 1996A:

1,000

   5.750%, 11/01/20

11/06 at 101.00

Aa2

1,037,830

1,500

   5.875%, 11/01/25

11/06 at 101.00

Aa2

1,551,540

 

2,455

Hamilton County, Ohio, Revenue Bonds, Children's Hospital Medical Center, Series 2004J, 5.250%,

5/14 at 100.00

AAA

2,737,693

   5/15/16 - FGIC Insured

 

2,500

Marion County, Ohio, Hospital Revenue Refunding and Improvement Bonds, The Community Hospital,

5/06 at 102.00

BBB+

2,628,100

   Series 1996, 6.375%, 5/15/11

 

2,405

Miami County, Ohio, Hospital Facilities Revenue Refunding and Improvement Bonds, Upper Valley

5/06 at 102.00

BBB+

2,503,557

   Medical Center, Series 1996A, 6.250%, 5/15/16

 

1,500

Montgomery County, Ohio, Hospital Facilities Revenue Refunding and Improvement Bonds, Kettering

4/06 at 102.00

AAA

1,601,325

   Medical Center, Series 1996, 5.625%, 4/01/16 - MBIA Insured

 

3,000

Montgomery County, Ohio, Hospital Facilities Revenue Bonds, Kettering Medical Center, Series 1999,

4/10 at 101.00

A3

3,335,070

   6.750%, 4/01/18

 

2,500

Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A, 5.000%, 5/01/30

5/14 at 100.00

AA

2,539,700

   (WI, settling 11/18/04)

 

6,000

Parma Community General Hospital Association, Ohio, Hospital Revenue Refunding and Improvement

11/08 at 101.00

A-

6,082,860

   Bonds, Series 1998, 5.375%, 11/01/29

 

2,500

Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System

11/10 at 101.00

A-

2,674,975

   Obligated Group, Series 2000B, 6.375%, 11/15/30

 

1,500

Steubenville, Ohio, Hospital Facilities Revenue Refunding and Improvement Bonds, Trinity Health

10/10 at 100.00

A3

1,643,910

   System, Series 2000, 6.375%, 10/01/20

 

1,705

Tuscarawas County, Ohio, Hospital Facilities Revenue Bonds, Union Hospital Project, Series 2001,

10/11 at 101.00

AA

1,864,298

   5.750%, 10/01/21 - RAAI Insured


Housing/Multifamily - 9.3% (6.5% of Total Investments)

 

1,385

Clermont County, Ohio, GNMA Collateralized Mortgage Revenue Bonds, S.E.M. Villa II Project, Series

2/05 at 102.00

Aaa

1,412,201

   1994A, 5.950%, 2/20/30

 

985

Cuyahoga County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds, West Tech

9/10 at 102.00

Aaa

1,010,620

   Apartments Project, Series 2002A, 5.350%, 3/20/33 (Alternative Minimum Tax)

 

1,435

Cuyahoga County, Ohio, GNMA Collateralized Loan Multifamily Housing Revenue Bonds, Water Street

6/08 at 105.00

Aaa

1,549,212

   Associates Project, Series 1997, 6.150%, 12/20/26 (Alternative Minimum Tax)

 

Cuyahoga County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds, Longwood

Phase One Associates LP Project, Series 2001A:

2,475

   5.350%, 1/20/21 (Alternative Minimum Tax)

7/11 at 102.00

Aaa

2,626,173

2,250

   5.450%, 1/20/31 (Alternative Minimum Tax)

7/11 at 102.00

Aaa

2,336,985

 

1,000

Cuyahoga County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds, Livingston Park

9/12 at 102.00

Aaa

1,039,100

   Apartments Project, Series 2002A, 5.350%, 9/20/27 (Alternative Minimum Tax)

 

985

Franklin County, Ohio, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Hamilton Creek

1/05 at 103.00

Aa

1,006,453

   Apartments Project, Series 1994A, 5.550%, 7/01/24 (Alternative Minimum Tax)

 

4,060

Lucas Northgate Housing Development Corporation, Ohio, FHA-Insured Section 8 Assisted Mortgage

1/05 at 101.00

Aaa

4,121,509

   Revenue Refunding Bonds, Northgate Apartments Project, Series 1999A, 6.000%, 7/01/24 - MBIA

   Insured


Housing/Single Family - 5.4% (3.7% of Total Investments)

 

1,755

Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage Revenue

9/07 at 102.00

Aaa

1,819,584

   Bonds, Series 1996B-3, 5.750%, 9/01/28 (Alternative Minimum Tax)

 

3,220

Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage Revenue

3/08 at 101.50

AAA

3,356,464

   Bonds, Series 1998A-1, 5.300%, 9/01/19 (Alternative Minimum Tax) - FSA Insured

 

2,935

Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage Revenue

9/08 at 102.00

Aaa

3,012,572

   Bonds, Series 1997B, 5.400%, 9/01/29 (Alternative Minimum Tax)

 

500

Ohio Housing Finance Agency, GNMA Mortgage-Backed Securities Program Residential Mortgage Revenue

3/12 at 100.00

Aaa

516,685

   Bonds, Series 2002D, 5.400%, 9/01/34 (Alternative Minimum Tax)


Long-Term Care - 1.3% (0.9% of Total Investments)

 

1,000

Hamilton County, Ohio, Healthcare Facilities Improvement Revenue Bonds, Twin Towers, Series 1999A,

10/08 at 102.00

BBB

1,023,150

   5.800%, 10/01/23

 

1,000

Marion County, Ohio, Healthcare Facilities Revenue Refunding and Improvement Bonds, United Church

11/04 at 101.00

BBB-

1,010,810

   Homes Inc., Series 1993, 6.300%, 11/15/15


Tax Obligation/General - 43.3% (29.9% of Total Investments)

 

1,000

Ansonia Local School District, Darke County, Ohio, General Obligation Bonds, Series 2000, 5.500%,

12/10 at 102.00

Aaa

1,130,640

   12/01/22 - MBIA Insured

 

1,000

Bay Village City School District, Ohio, General Obligation Unlimited Tax School Improvement Bonds,

12/10 at 100.00

Aa2

1,031,980

   Series 2001, 5.000%, 12/01/25

 

270

Berea City School District, Ohio, General Obligation Unlimited Tax School Improvement Bonds, Series

12/04 at 101.00

AAA

276,645

   1993, 7.500%, 12/15/06 - AMBAC Insured

 

Butler County, Ohio, General Obligation Judgment Bonds, Series 2002:

2,030

   5.250%, 12/01/21

12/12 at 101.00

Aa3

2,217,816

2,140

   5.250%, 12/01/22

12/12 at 101.00

Aa3

2,327,164

 

Butler County, Ohio, General Obligation Bonds, Series 2002:

1,345

   5.000%, 12/01/21 - MBIA Insured

12/12 at 100.00

Aaa

1,442,889

1,200

   5.000%, 12/01/22 - MBIA Insured

12/12 at 101.00

Aaa

1,279,812

 

1,560

Canal Winchester Local School District, Franklin and Fairfield Counties, Ohio, School Facilities

12/11 at 100.00

Aaa

1,602,073

   Construction and Improvement Bonds, Series 2001B, 5.000%, 12/01/28 - FGIC Insured

 

1,000

Central Ohio Solid Waste Authority, General Obligation Bonds, Series 2004A, 5.000%, 12/01/15 -

6/14 at 100.00

AAA

1,109,650

   AMBAC Insured

 

1,000

Cincinnati City School District, Hamilton County, Ohio, General Obligation Bonds, Series 2001,

12/11 at 100.00

AAA

1,120,780

   5.375%, 12/01/15 - MBIA Insured

 

2,600

Cincinnati City School District, Hamilton County, Ohio, General Obligation Bonds, Series 2002,

12/12 at 100.00

AAA

2,827,292

   5.250%, 6/01/21 - FSA Insured

 

1,000

Cleveland Municipal School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2004,

6/14 at 100.00

AAA

1,067,050

   5.000%, 12/01/22 - FSA Insured

 

1,200

Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21

12/14 at 100.00

AA+

1,297,224

 

1,000

Dayton, Ohio, General Obligation Bonds, Series 2004, 5.250%, 12/01/19 - AMBAC Insured

6/14 at 100.00

AAA

1,111,760

 

1,000

Dublin, Ohio, Unlimited Tax Various Purpose Improvement Bonds, Series 2000A, 5.000%, 12/01/20

12/10 at 100.00

Aaa

1,076,930

 

1,000

Dublin City School District, Franklin, Delaware and Union Counties, Ohio, General Obligation Bonds,

12/13 at 100.00

AAA

1,066,510

   Series 2003, 5.000%, 12/01/22 - FSA Insured

 

1,300

Franklin County, Ohio, Limited Tax General Obligation Refunding Bonds, Series 1993, 5.375%,

12/08 at 102.00

AAA

1,442,454

   12/01/20

 

2,000

Garfield Heights City School District, Cuyahoga County, Ohio, General Obligation School Improvement

12/11 at 100.00

Aaa

2,072,020

   Bonds, Series 2001, 5.000%, 12/15/26 - MBIA Insured

 

1,000

Hilliard School District, Ohio, General Obligation School Improvement Bonds, Series 2000, 5.750%,

12/10 at 101.00

AAA

1,139,520

   12/01/24 - FGIC Insured

 

1,160

Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2003, 5.000%,

6/13 at 100.00

Aaa

1,233,602

   12/01/22 - MBIA Insured

 

2,000

Lakota Local School District, Butler County, Ohio, Unlimited Tax General Obligation School

6/11 at 100.00

Aaa

2,085,340

   Improvement and Refunding Bonds, Series 2001, 5.125%, 12/01/26 - FGIC Insured

 

1,350

London City School District, Ohio, General Obligation School Facilities Construction and

12/11 at 100.00

Aaa

1,385,991

   Improvement Bonds, Series 2001, 5.000%, 12/01/29 - FGIC Insured

 

2,000

Louisville City School District, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/29 -

12/11 at 100.00

Aaa

2,053,320

   FGIC Insured

 

1,515

Massillon City School District, Ohio, General Obligation Bonds, Series 2003, 5.250%, 12/01/21 -

12/12 at 100.00

Aaa

1,647,441

   MBIA Insured

 

1,260

Morgan Local School District, Morgan, Muskingum and Washington Counties, Ohio, Unlimited Tax

12/10 at 101.00

AA-

1,445,321

   General Obligation School Improvement Bonds, Series 2000, 5.750%, 12/01/22

 

715

North Canton City School District, Ohio, Unlimited Tax General Obligation School Improvement Bonds,

No Opt. Call

AAA

719,912

   Series 1994, 9.700%, 12/01/04 - AMBAC Insured

 

3,000

Ohio, General Obligation Bonds, Infrastructure Improvements, Series 2003F, 5.000%, 2/01/23

2/13 at 100.00

AA+

3,164,700

 

Olentangy Local School District, Deleware and Franklin Counties, Ohio, General Obligation Bonds,

Series 2004A:

1,315

   5.250%, 12/01/23 - FGIC Insured

6/14 at 100.00

AAA

1,432,219

3,380

   5.250%, 12/01/24 - FGIC Insured

6/14 at 100.00

AAA

3,667,368

 

1,155

Perry Local School District, Allen County, Ohio, General Obligation Bonds, Series 2001, 5.250%,

12/11 at 101.00

AAA

1,253,822

   12/01/25 - AMBAC Insured

 

2,720

Pickerington Local School District, Fairfield and Franklin Counties, Ohio, General Obligation

12/11 at 100.00

AAA

2,793,358

   Bonds, School Facilities Construction and Improvement, Series 2001, 5.000%, 12/01/28 - FGIC

   Insured

 

1,100

Plain Local School District, Franklin and Licking Counties, Ohio, General Obligation Bonds, Series

6/12 at 100.00

Aaa

1,247,829

   2002, 5.500%, 12/01/17 - FGIC Insured

 

280

Plain Local School District, Franklin and Licking Counties, Ohio, General Obligation Bonds, Series

6/11 at 100.00

Aaa

322,820

   2000, 6.000%, 12/01/20 - FGIC Insured

 

1,445

Portage County, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/27 - FGIC Insured

12/11 at 100.00

AAA

1,489,260

 

1,000

Princeton City School District, Butler County, Ohio, General Obligation Bonds, Series 2003,

12/13 at 100.00

AAA

1,033,530

   5.000%, 12/01/30 - MBIA Insured

 

2,830

Springfield Township, Hamilton County, Ohio, Various Purpose Limited Tax General Obligation Bonds,

12/11 at 100.00

Aa3

2,981,179

   Series 2002, 5.250%, 12/01/27

 

2,000

Strongsville, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/21 - FGIC Insured

12/11 at 100.00

Aaa

2,117,900

 

70

Strongsville, Ohio, Limited Tax General Obligation Various Purpose Improvement Bonds, Series 1996,

12/06 at 102.00

Aa2

76,766

   5.950%, 12/01/21

 

2,000

Sugarcreek Local School District, Athens County, Ohio, General Obligation Bonds, Series 2003,

12/13 at 100.00

Aaa

2,124,600

   5.250%, 12/01/27 - MBIA Insured

 

1,000

Upper Arlington City School District, Ohio, General Obligation Improvement Bonds, Series 1996,

12/06 at 101.00

AAA

1,060,990

   5.250%, 12/01/22 - MBIA Insured

 

Warren City School District, Trumbull County, Ohio, General Obligation Bonds, Series 2004:

2,515

   5.000%, 12/01/20 - FGIC Insured

6/14 at 100.00

AAA

2,720,878

1,170

   5.000%, 12/01/22 - FGIC Insured

6/14 at 100.00

AAA

1,251,315

 

1,000

West Chester Township, Butler County, Ohio, General Obligation Bonds, Series 2003, 5.000%,

12/13 at 100.00

Aaa

1,035,410

   12/01/28 - MBIA Insured

 

2,000

Westerville City School District, Franklin and Delaware Counties, Ohio, Various Purpose General

6/11 at 100.00

AAA

2,057,540

   Obligation Bonds, Series 2001, 5.000%, 12/01/27 - MBIA Insured

 

1,000

Westlake, Ohio, Various Purpose General Obligation Improvement and Refunding Bonds, Series 1997,

12/08 at 101.00

Aaa

1,121,090

   5.550%, 12/01/17


Tax Obligation/Limited - 5.3% (3.7% of Total Investments)

 

1,210

Columbus, Ohio, Tax Increment Financing Bonds, Easton Project, Series 1999, 4.875%, 12/01/24 -

6/09 at 101.00

AAA

1,233,051

   AMBAC Insured

 

1,585

Hamilton County Convention Facilities Authority, Ohio, First Lien Revenue Bonds, Series 2004,

6/14 at 100.00

AAA

1,730,614

   5.000%, 12/01/18 - FGIC Insured

 

New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series 2001B:

1,000

   5.500%, 10/01/15 - AMBAC Insured

4/12 at 100.00

AAA

1,135,300

1,000

   5.500%, 10/01/17 - AMBAC Insured

4/12 at 100.00

AAA

1,131,800

 

2,645

Ohio Building Authority, State Facilities Bonds, Adult Correctional Building Fund Project, Series

4/14 at 100.00

AAA

2,989,908

   2004A, 5.250%, 4/01/15 - MBIA Insured

 

330

Ohio Department of Transportation, Certificates of Participation, Rickenbacker International

4/05 at 100.00

AA

330,502

   Airport Improvements, Series 1996, 6.125%, 4/15/15 (Alternative Minimum Tax)


Transportation - 7.8% (5.4% of Total Investments)

 

1,780

Cleveland, Ohio, Airport System Revenue Bonds, Series 2000A, 5.250%, 1/01/16 - FSA Insured

1/10 at 101.00

AAA

1,953,675

 

3,430

Cleveland, Ohio, Parking Facilities Revenue Refunding Bonds, Series 1996, 5.500%, 9/15/22 - MBIA

9/06 at 102.00

AAA

3,685,809

   Insured

 

3,000

Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2003C, 5.250%,

12/13 at 100.00

AA

3,108,420

   12/01/23 (Alternative Minimum Tax) - RAAI Insured

 

1,500

Dayton, Ohio, Special Facilities Revenue Refunding Bonds, Emery Air Freight Corporation and Emery

2/08 at 102.00

BB+

1,505,730

   Worldwide Airlines Inc. - Guarantors, Series 1998A, 5.625%, 2/01/18

 

2,000

Ohio Turnpike Commission, Revenue Bonds, Series 1998A, 5.500%, 2/15/18 - FGIC Insured

No Opt. Call

AAA

2,348,740


U.S. Guaranteed *** - 13.9% (9.6% of Total Investments)

 

2,295

Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2000,

7/10 at 100.00

AAA

2,504,786

   5.750%, 7/01/20 (Pre-refunded to 7/01/10)

 

420

Cleveland, Ohio, Waterworks Revenue Refunding and Improvement Bonds, Series 1998I, 5.000%, 1/01/28

1/08 at 101.00

AAA

459,409

   (Pre-refunded to 1/01/08) - FSA Insured

 

1,710

Franklin County, Ohio, First Mortgage Revenue, OCLC Inc. Project, Series 1979, 7.500%, 6/01/09

12/04 at 100.00

AAA

1,893,586

 

2,100

Lakota Local School District, Butler County, Ohio, Unlimited Tax General Obligation School

12/05 at 100.00

AAA

2,200,170

   Improvement Bonds, Series 1994, 6.250%, 12/01/14 (Pre-refunded to 12/01/05) - AMBAC Insured

 

4,315

Ohio Capital Corporation For Housing, FHA-Insured Section 8 Assisted Mortgage Loan Revenue Refunding

2/09 at 102.00

N/R***

4,952,930

   Bonds, Series 1999G, 5.950%, 2/01/24 (Pre-refunded to 2/01/09)

 

1,000

Ohio Water Development Authority, Fresh Water Loan Revenue Bonds, Series 1995, 5.900%, 12/01/21

6/05 at 102.00

AAA

1,044,080

   (Pre-refunded to 6/01/05) - AMBAC Insured

 

1,220

Plain Local School District, Franklin and Licking Counties, Ohio, General Obligation Bonds, Series

6/11 at 100.00

Aaa

1,433,951

   2000, 6.000%, 12/01/20 (Pre-refunded to 6/01/11) - FGIC Insured

 

2,000

Southwest Regional Ohio Water District, Waterworks System Revenue Bonds, Series 1995, 6.000%,

12/05 at 101.00

AAA

2,109,640

   12/01/20 (Pre-refunded to 12/01/05) - MBIA Insured

 

500

Sylvania City School District, Ohio, Unlimited Tax General Obligation Bonds, Series 1995, 5.800%,

12/05 at 101.00

AAA

526,335

   12/01/15 (Pre-refunded to 12/01/05) - FGIC Insured

 

2,000

Wayne Local School District, Warren County, Ohio, Unlimited Tax General Obligation School

12/06 at 101.00

AAA

2,189,020

   Improvement Bonds, Series 1996, 6.100%, 12/01/24 (Pre-refunded to 12/01/06) - AMBAC Insured

 

3,000

West Clermont Local School District, Clermont County, Ohio, Unlimited Tax General Obligation School

12/05 at 100.00

AAA

3,135,030

   Improvement Bonds, Series 1995, 6.000%, 12/01/18 (Pre-refunded to 12/01/05) - AMBAC Insured


Utilities - 10.8% (7.5% of Total Investments)

 

4,000

Wadsworth, Ohio, Electric System Improvement Revenue Bonds, American Municipal Power Ohio Inc.,

2/12 at 100.00

Aaa

4,220,880

   Series 2002, 5.000%, 2/15/22 - MBIA Insured

 

2,000

Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Joint Venture 5,

2/14 at 100.00

AAA

2,151,440

   Belleville Hydroelectric Project, American Municipal Power Ohio Inc., Series 2004, 5.000%, 2/15/20 -

   AMBAC Insured

 

Ohio Air Quality Development Authority, Revenue Refunding Bonds, JMG Funding Limited Partnership

Project, Series 1994:

2,000

   6.375%, 1/01/29 (Alternative Minimum Tax) - AMBAC Insured

4/05 at 102.00

AAA

2,046,600

4,000

   6.375%, 4/01/29 (Alternative Minimum Tax) - AMBAC Insured

4/05 at 102.00

AAA

4,093,200

 

3,000

Ohio Air Quality Development Authority, Revenue Bonds, JMG Funding Limited Partnership Project,

4/07 at 102.00

AAA

3,208,050

   Series 1997, 5.625%, 1/01/23 (Alternative Minimum Tax) - AMBAC Insured

 

1,800

Ohio Water Development Authority, Solid Waste Disposal Revenue Bonds, Bay Shore Power, Series

9/08 at 102.00

N/R

1,773,954

   1998A, 5.875%, 9/01/20 (Alternative Minimum Tax)


Water and Sewer - 11.3% (7.8% of Total Investments)

 

Cincinnati, Ohio, Water System Revenue Bonds, Series 2001:

1,000

   5.500%, 12/01/17

6/11 at 100.00

AA+

1,121,120

6,010

   5.000%, 12/01/18

6/11 at 100.00

AA+

6,531,067

3,000

   5.000%, 12/01/19

6/11 at 100.00

AA+

3,241,770

1,000

   5.000%, 12/01/20

6/11 at 100.00

AA+

1,072,220

 

2,000

Cincinnati, Ohio, Water System Revenue Bonds, Series 2003, 5.000%, 12/01/22

6/11 at 100.00

AA+

2,100,000

 

1,000

Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series 1993G,

No Opt. Call

AAA

1,166,209

   5.500%, 1/01/21 - MBIA Insured

 

40

Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series 1996H,

1/06 at 102.00

AAA

42,296

   5.750%, 1/01/26 - MBIA Insured

 

580

Cleveland, Ohio, Waterworks Revenue Refunding and Improvement Bonds, Series 1998I, 5.000%, 1/01/28 -

1/08 at 101.00

AAA

598,907

   FSA Insured

 

2,110

Hamilton County, Ohio, Sewer System Revenue and Improvement Bonds, Metropolitan Sewer District of

6/10 at 101.00

AAA

2,368,474

   Greater Cincinnati, Series 2000A, 5.750%, 12/01/25 - MBIA Insured


$

220,420

Total Long-Term Investments (cost $221,132,898) - 144.9%

234,290,757



Other Assets Less Liabilities - 2.7%

4,404,173


Preferred Shares, at Liquidation Value - (47.6)%

(77,000,000)


Net Assets Applicable to Common Shares - 100%

$161,694,930


(1)  

All percentages shown in the Portfolio of Investments are based on net assets applicable to Common

shares unless otherwise noted.

*  

Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.

There may be other call provisions at varying prices at later dates.

**  

Ratings: Using the higher of Standard & Poor's or Moody's rating.

***  

Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government

agency securities which ensures the timely payment of principal and interest. Such securities are normally

considered to be equivalent to AAA rated securities.

N/R  

Investment is not rated.

(WI)  

Security purchased on a when-issued basis.

Income Tax Information

The following information is presented on an income tax basis. Differences between amounts for financial

statement and federal income tax purposes are primarily due to timing differences in recognizing income

on taxable market discount securities and timing differences in recognizing certain gains and losses on

security transactions.

At October 31, 2004, the cost of investments was $221,084,041.

Gross unrealized appreciation and gross unrealized depreciation of investments at October 31, 2004,

were as follows:


Gross unrealized:

   Appreciation

$13,392,651

   Depreciation

(185,935)


Net unrealized appreciation of investments

$13,206,716


Item 2. Controls and Procedures.

  1. The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, (17 CFR 240.13a-15(b) or 240.15d-15(b)).
  2. There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)         Nuveen Ohio Quality Income Municipal Fund, Inc.        

By (Signature and Title)*          /s/ Jessica R. Droeger--Vice President and Secretary        

Date         12/28/04        

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*         /s/ Gifford R. Zimmerman--Chief Administrative Officer (Principal Executive Officer)        

Date         12/28/04        

By (Signature and Title)*         /s/ Stephen D. Foy--Vice President and Controller (Principal Financial Officer)        

Date         12/28/04        

* Print the name and title of each signing officer under his or her signature.