WASHINGTON, D.C. 20549 

                                  FORM 12b-25 

                                                   SEC File Number 811-21293
                                                  CUSIP Number 67073B106 

                          NOTIFICATION OF LATE FILING 

(Check One): 
{   } Form 10-K and Form 10-KSB             {  } Form 20-FK 
{   } Form 11-K                             {  } Form 10-Q and Form 10-QSB
{ X } Form N-SAR 

		For Period Ended: December 31, 2004 

         {  }     Transition Report on Form 10-K 
         {  }     Transition Report on Form 20-F 
         {  }     Transition Report on Form 11-K 
         {  }     Transition Report on Form 10-Q 
         {  }     Transition Report on Form N-SAR 

		For the Transition Period Ended:____________________________

 Read Attached Instruction Sheet Before Preparing Form. Please Print or Type

   Nothing in this form shall be construed to imply that the Commission
   has verified any information contained herein.

   If the notification relates to a portion of the filing checked above,
   identify the Item(s) to which the notification 


         Full Name of Registrant (Former Name if Applicable) 

           Nuveen Preferred and Convertible Income Fund 

         Address of Principal Executive Office (Street and Number) 

                           333 West Wacker Drive 
                         Chicago, Illinois 606064 

PART II.-RULE 12b-25 (b) and (c) 

If the subject report could not be filed without unreasonable effort or 
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the 
following should be completed. (Check box if appropriate) 

	 _X_   (a)  The reasons described in reasonable detail in Part III 
			of this form could not be eliminated without unreasonable
			effort or expense; 

	 _ _   (b)  The subject annual report, semi-annual report,  
			transition report on Form 10-K, 20-F, 11-K or Form N-SAR, or
			portion thereof will be filed on or before the 15th calendar
			day following the prescribed due date; or the subject
			quarterly report or transition report on Form 10-Q, or
			portion thereof will be filed on or before the fifth calendar
			day following the prescribed due date; and 

	 _ _   (c)  The accountant's statement or other exhibit required  
			by Rule 12b-25(c) has been attached if applicable. 

State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period.

(Attach extra sheets if needed.)

	Additional time is needed to obtain information and further review the
	document being filed so that it is complete and accurate.


	(1)   Name and telephone number of person to contact in regard to  
		this notification. 

	Michael Atkinson                     (312)               917-7981 
	(Name)                              (Area code)       (Telephone number)

	(2)   Have all other periodic reports required under Section 13 or 
		15(d) of the Securities Exchange Act of 1934 or Section 30 of the
		Investment Company Act of 1940 during the preceding 12 months or
		for such shorter period that the registrant was required to file
		such report(s) been filed?
		If answer is no, identify report(s). 
			 X   Yes		 _  _  No 

	(3)   Is it anticipated that any significant change in results of 
		operations from the corresponding period for the last fiscal year
		will be reflected by the earnings statements to be included in the
		subject report or portion thereof? 

			     Yes		 _X _  No 

	If so, attach an explanation of the anticipated change, both 
	narratively and quantitatively, and, if appropriate, state the reasons
	why a reasonable estimate of the results cannot be made. 

	 Nuveen Tax Advantage Total Return Strategy (Name of registrant as
	specified in charter) 	has caused this notification to be signed on its
	behalf by the undersigned thereunto duly authorized. 

Date:    March 2, 2005 
By:      /s/   Michael Atkinson 
               Vice President