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 811-21471

Nuveen Tax-Advantaged Total Return Strategy Fund

(Exact name of registrant as specified in charter)

     333 West Wacker Drive, Chicago, Illinois 60606     
(Address of principal executive offices) (Zip code)

Kevin J. McCarthy—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:        12/31      

Date of reporting period:    3/31/2007   

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

Nuveen Tax-Advantaged Total Return Strategy Fund (JTA)
March 31, 2007

Shares				Description (1)								Value
				Common Stocks – 101.0% (70.3% of Total Investments)
				Aerospace & Defense – 6.0%
	94,000			Lockheed Martin Corporation								$	9,119,880
	235,000			Raytheon Company									12,328,100
				Total Aerospace & Defense									21,447,980
				Capital Markets – 2.8%
	205,000			JPMorgan Chase & Co.									9,917,900
				Commercial Banks – 4.7%
	155,500			Wachovia Corporation									8,560,275
	240,000			Wells Fargo & Company									8,263,200
				Total Commercial Banks									16,823,475
				Commercial Services & Supplies – 3.8%
	296,600			Pitney Bowes Inc.									13,462,674
				Communications Equipment – 1.9%
	377,600			Motorola, Inc.									6,672,192
				Containers & Packaging – 2.0%
	300,000			Packaging Corp. of America									7,320,000
				Diversified Financial Services – 4.7%
	325,400			Citigroup Inc.									16,706,036
				Diversified Telecommunication Services – 11.2%
	385,000			AT&T Inc.									15,180,550
	343,000			KT Corporation, Sponsored ADR									7,679,770
	235,000			Telecom Italia S.p.A., Sponsored ADR									5,792,750
	301,500			Verizon Communications Inc.									11,432,880
				Total Diversified Telecommunication Services									40,085,950
				Electric Utilities – 4.2%
	160,000			EDP – Energias de Portugal, S.A., Sponsored ADR									8,587,200
	323,000			Korea Electric Power Corporation, Sponsored ADR									6,460,000
				Total Electric Utilities									15,047,200
				Household Durables – 2.7%
	307,000			Newell Rubbermaid Inc.									9,544,630
				Household Products – 3.1%
	160,000			Kimberly-Clark Corporation									10,958,400
				Industrial Conglomerates – 2.0%
	200,000			General Electric Company									7,072,000
				Insurance – 8.1%
	289,400			Aon Corporation									10,985,624
	187,200			Hartford Financial Services Group, Inc.									17,892,574
				Total Insurance									28,878,198
				Machinery – 1.4%
	75,000			Caterpillar Inc.									5,027,250
				Media – 5.1%
	200,000			CBS Corporation, Class B									6,118,000
	339,000			Clear Channel Communications, Inc.									11,878,560
				Total Media									17,996,560
				Metals & Mining – 5.5%
	236,900			Alumina Limited, Sponsored ADR									5,576,626
	90,000			POSCO, ADR									9,355,500
	21,000			Rio Tinto PLC, Sponsored ADR									4,784,010
				Total Metals & Mining									19,716,136
				Multi-Utilities – 1.5%
	180,000			United Utilities PLC, Sponsored ADR									5,346,000
				Oil, Gas & Consumable Fuels – 8.0%
	80,000			Chevron Corporation									5,916,800
	113,400			ConocoPhillips									7,750,890
	132,500			Eni S.p.A., Sponsored ADR									8,589,975
	90,000			Total SA, Sponsored ADR									6,280,200
				Total Oil, Gas & Consumable Fuels									28,537,865
				Paper & Forest Products – 3.6%
	220,000			International Paper Company									8,008,000
	270,200			Stora Enso Oyj, Sponsored ADR									4,666,354
				Total Paper & Forest Products									12,674,354
				Pharmaceuticals – 1.4%
	198,000			Pfizer Inc.									5,001,480
				Road & Rail – 2.6%
	90,000			Union Pacific Corporation									9,139,500
				Thrifts & Mortgage Finance – 7.7%
	260,000			Federal National Mortgage Association									14,190,800
	411,000			IndyMac Bancorp, Inc.									13,172,550
				Total Thrifts & Mortgage Finance									27,363,350
				Tobacco – 7.0%
	165,900			Altria Group, Inc.									14,567,679
	134,900			Loews Corp – Carolina Group									10,199,789
				Total Tobacco									24,767,468
				Total Common Stocks (cost $277,180,470)									359,506,598

Shares				Description (1)		Coupon				Ratings (2)		Value
				$25 Par (or similar) Preferred Securities – 11.2% (7.8% of Total Investments)
				Capital Markets – 0.7%
	20,000			Goldman Sachs Group Inc., (6)		6.200%				A		$	521,000
	77,700			Lehman Brothers Holdings Inc., Series F, (6)		6.500%				A-			2,037,294
				Total Capital Markets									2,558,294
				Commercial Banks – 2.4%
	41,100			Abbey National PLC, Series C		7.375%				A+			1,042,296
	40,000			ABN AMRO Capital Trust Fund VII		6.080%				Aa3			1,006,400
	50,000			Banco Santander, 144A		6.500%				A			1,273,440
	25,000			Banco Santander		6.410%				A2			636,500
	50,000			Bank of America Corporation, Series D, (6)		6.204%				Aa3			1,312,500
	50,000			HSBC USA Inc., (6)		6.500%				A			1,322,500
	40,000			Royal Bank of Scotland Group PLC, Series M		6.400%				A1			1,030,400
	40,000			Royal Bank of Scotland Group PLC, Series N		6.350%				A1			1,022,400
				Total Commercial Banks									8,646,436
				Consumer Finance – 0.5%
	34,100			SLM Corporation, Series A, (6)		6.970%				BBB+			1,840,548
				Diversified Financial Services – 1.8%
	10,000			CIT Group Inc., Series A, (6)		6.350%				BBB+			263,000
	19,500			Citigroup Inc., Series F, (6)		6.365%				Aa3			984,945
	28,900			Citigroup Inc., Series H, (6)		6.231%				Aa3			1,482,570
	50,000			Deutsche Bank Capital Funding Trust VIII		6.375%				A			1,303,125
	66,400			ING Group N.V.		7.200%				A1			1,689,880
	5,000			ING Group N.V.		7.050%				A			126,600
	15,000			ING Group N.V.		6.125%				A1			377,400
				Total Diversified Financial Services									6,227,520
				Electric Utilities – 1.8%
	39,400			Alabama Power Company, Series A, (6)		5.300%				BBB+			994,850
	50,000			Alabama Power Company		5.625%				BBB+			1,253,125
	40,000			Georgia Power Company		6.125%				Baa1			1,072,200
	34,700			Interstate Power and Light Company, (6)		7.100%				Baa2			938,635
	38,600			Mississippi Power Company		5.250%				A3			973,106
	40,000			PPL Electric Utilities Corporation		6.250%				BBB			1,050,000
				Total Electric Utilities									6,281,916
				Insurance – 2.2%
	50,300			Ace Ltd., Series C		7.800%				Baa2			1,292,207
	71,900			Aegon N.V., (6)		6.375%				A-			1,856,458
	22,800			Arch Capital Group Limited		8.000%				Baa3			611,724
	50,000			Endurance Specialty Holdings Limited		7.750%				BBB-			1,331,500
	30,000			Prudential PLC		6.750%				A			772,500
	30,000			Prudential PLC, (6)		6.500%				A-			769,500
	50,000			RenaissanceRe Holdings Ltd		6.600%				BBB			1,222,500
				Total Insurance									7,856,389
				U.S. Agency – 1.8%
	25,000			Federal Home Loan Mortgage Corporation, (6)		6.420%				AA-			1,358,000
	18,400			Federal Home Loan Mortgage Corporation, (6)		6.000%				AA-			929,200
	20,000			Federal Home Loan Mortgage Corporation, (6)		5.700%				AA-			1,007,700
	27,100			Federal Home Loan Mortgage Corporation, (6)		5.000%				AA-			1,249,310
	20,000			Federal National Mortgage Association, (6)		5.500%				AA-			978,000
	19,800			Federal National Mortgage Association, (6)		5.125%				AA-			963,270
				Total U.S. Agency									6,485,480
				Total $25 Par (or similar) Preferred Securities (cost $39,364,552)									39,896,583

						Weighted
Principal						Average
Amount (000)				Description (1)		Coupon		Maturity (3)		Ratings (2)		Value
				Variable Rate Senior Loan Interests – 25.3% (17.7% of Total Investments) (4)
				Aerospace & Defense – 1.4%
$	1,314			Hexcel Corporation, Term Loan B		7.108%		3/01/12		BB		$	1,317,509
	1,592			K&F Industries, Inc., Term Loan C		7.320%		11/18/12		Ba3			1,596,392
	1,602			Vought Aircraft Industries, Inc., Term Loan		7.830%		12/22/11		Ba2			1,615,393
	364			Vought Aircraft Industries, Inc., Tranche B, Letter of Credit		7.822%		12/22/10		Ba2			366,591
	4,872			Total Aerospace & Defense									4,895,885
				Auto Components – 0.5%
	2,000			Federal Mogul Corporation, Term Loan A, (5)		7.570%		2/24/04		N/R			1,990,208
				Building Products – 1.0%
	1,995			Armstrong World Industries, Term Loan		7.070%		10/02/13		BB			2,003,728
	1,765			PP Acquisition Corporation, Term Loan		8.320%		11/12/11		Ba3			1,775,740
	3,760			Total Building Products									3,779,468
				Chemicals – 1.6%
	1,617			Georgia Gulf Corporation, Term Loan B		7.763%		10/03/13		BB			1,624,392
	1,990			Lyondell Citgo Refining LP, Term Loan		7.110%		8/16/13		BB			1,997,325
	1,960			Rockwood Specialties Group, Inc., Term Loan E		7.360%		7/30/12		Ba2			1,977,885
	5,567			Total Chemicals									5,599,602
				Commercial Services & Supplies – 1.2%
	689			Allied Waste North America, Inc., Letter of Credit		7.073%		1/15/12		BB			691,779
	1,553			Allied Waste North America, Inc., Term Loan B		7.097%		1/15/12		BB			1,558,440
	1,843			Aramark Corporation, Term Loan		7.475%		1/26/14		Ba3			1,850,010
	132			Aramark, Letter of Credit		7.445%		1/26/14		Ba3			132,214
	4,217			Total Commercial Services & Supplies									4,232,443
				Containers & Packaging – 1.0%
	1,990			Berry Plastics Holding Corporation, Term Loan		7.110%		9/20/13		Ba1			2,001,608
	175			Smurfit-Stone Container Corporation, Deposit-Funded Commitment		7.475%		11/01/11		Ba2			176,387
	690			Smurfit-Stone Container Corporation, Term Loan B		7.531%		11/01/11		Ba2			697,213
	421			Smurfit-Stone Container Corporation, Term Loan C		7.625%		11/01/11		Ba2			425,063
	132			Smurfit-Stone Container Corporation, Tranche C-1		7.625%		11/01/11		Ba2			133,392
	3,408			Total Containers & Packaging									3,433,663
				Diversified Consumer Services – 0.6%
	2,000			Weight Watchers International Inc., Term Loan B		6.875%		1/26/14		BB+			2,010,000
				Diversified Telecommunication Services – 1.7%
	2,000			Cequel Communications LLC., Term Loan B		7.610%		11/05/13		B+			2,005,556
	1,981			Madison River Capital LLC, Term Loan		7.610%		7/29/12		B+			1,986,400
	1,990			MetroPCS Inc., Term Loan		7.625%		11/03/13		B1			2,000,917
	5,971			Total Diversified Telecommunication Services									5,992,873
				Electrical Equipment – 0.5%
	1,539			Sensus Metering Systems Inc., Term Loan B-1		7.364%		12/17/10		Ba3			1,547,788
	167			Sensus Metering Systems Inc., Term Loan B-2		7.351%		12/17/10		Ba3			167,677
	1,706			Total Electrical Equipment									1,715,465
				Energy Equipment & Services – 0.0%
	82			Dresser-Rand Group, Inc., Term Loan		7.345%		10/29/07		Ba1			83,127
				Health Care Providers & Services – 2.3%
	1,317			Davita Inc., Term Loan B		6.825%		10/05/12		Ba1			1,322,417
	1,995			HCA, Inc., Term Loan		7.600%		11/17/13		BB			2,014,327
	1,945			IASIS Healthcare LLC, Term Loan B		7.570%		6/22/11		Ba2			1,964,207
	1,939			LifePoint Hospitals Holdings, Inc., Term Loan B		6.985%		4/15/14		BB-			1,936,149
	990			Quintiles Transnational Corporation, Term Loan B		7.350%		3/31/13		BB-			992,475
	8,186			Total Health Care Providers & Services									8,229,575
				Hotels, Restaurants & Leisure – 2.5%
	1,980			24 Hour Fitness Worldwide, Inc., Term Loan B		7.855%		7/01/09		Ba3			1,993,613
	122			CBRL Group, Inc., Delayed Draw, Term Loan B-2, (7)		0.750%		4/27/12		BB			25
	780			CBRL Group, Inc., Term Loan B-1		6.860%		4/27/13		BB			782,210
	1,970			Penn National Gaming, Inc., Term Loan B		7.114%		10/03/12		BB			1,985,760
	994			Pinnacle Entertainment Inc., Term Loan		7.320%		12/14/11		BB-			1,002,079
	906			TDS Investor Corp., Letter of Credit		7.850%		8/23/13		Ba3			915,750
	89			TDS Investor Corp., Term Loan		7.850%		8/23/13		Ba3			90,160
	342			Venetian Casino Resort, LLC Term Loan B		7.090%		6/15/11		Ba2			344,609
	1,658			Venetian Casino Resort, LLC, Term Loan		7.090%		6/15/11		Ba2			1,671,353
	8,841			Total Hotels, Restaurants & Leisure									8,785,559
				Household Products – 0.5%
	1,918			Solo Cup Company, Term Loan		8.820%		2/27/11		B1			1,946,738
				Insurance – 0.3%
	1,177			Conseco, Inc., Term Loan		7.320%		10/10/13		BB-			1,181,767
				IT Services – 0.6%
	2,058			SunGard Data Systems Inc., Term Loan B		7.360%		2/11/13		Ba3			2,077,428
				Media – 4.5%
	1,985			Cablevision Systems Corporation, Incremental Term Loan		7.110%		3/29/13		BB			1,994,305
	2,000			Charter Communications Inc., Term Loan B		7.985%		4/28/13		B1			1,999,313
	1,000			Charter Communications Operating, LLC, Term Loan, WI/DD		TBD		TBD		B1			999,271
	1,995			Idearc Inc., Term Loan		7.350%		11/17/14		BB+			2,009,464
	985			Metro-Goldwyn-Mayer Studios, Inc., Term Loan B		8.600%		6/30/12		B+			986,949
	1,990			Neilsen Finance LLC, Term Loan B		7.610%		8/09/13		Ba3			2,009,175
	1,882			Regal Cinemas Corporation, Term Loan		7.100%		10/27/13		Ba2			1,890,507
	1,879			Univision Communications, Term Loan, WI/DD		TBD		TBD		Ba3			1,880,049
	2,173			WMG Acquisition Corp., Term Loan		7.362%		2/28/11		Ba2			2,183,573
	15,889			Total Media									15,952,606
				Metals & Mining – 0.7%
	1,032			Amsted Industries Incorporated, Delayed Term Loan		7.335%		4/05/11		BB-			1,034,331
	1,420			Amsted Industries Incorporated, Term Loan B		7.358%		4/05/13		BB-			1,425,079
	2,452			Total Metals & Mining									2,459,410
				Multi-Utilities – 0.6%
	591			NRG Energy Inc., Credit-Linked Deposit		7.350%		2/01/13		Ba1			595,884
	1,430			NRG Energy Inc., Term Loan		7.350%		2/01/13		Ba1			1,441,459
	2,021			Total Multi-Utilities									2,037,343
				Paper & Forest Products – 1.1%
	3,965			Georgia-Pacific Corporation, Term Loan B		7.091%		12/20/10		Ba2			3,989,997
				Real Estate Management & Development – 0.4%
	1,500			LNR Property Corporation, Term Loan B		8.110%		7/12/11		B+			1,512,054
				Semiconductors & Equipment – 0.5%
	1,758			Advanced Micro Devices, Term Loan B		7.570%		12/31/13		BB-			1,770,444
				Specialty Retail – 0.4%
	1,500			TRU 2005 RE Holding Co. 1, Term Loan		8.320%		12/09/08		B3			1,512,422
				Textiles, Apparel & Luxury Goods – 0.5%
	1,852			HanesBrands Inc., Term Loan		7.107%		9/05/13		Ba2			1,866,139
				Trading Companies & Distributors – 0.9%
	1,000			Ashtead Group Public Limited Company, Term Loan B		7.125%		8/31/11		BB			1,000,000
	196			Brenntag Holding GmbH and Company KG, Acquisition Facility Term Loan		7.887%		1/20/14		B1			197,591
	804			Brenntag Holdings, Term Loan B2		7.887%		1/20/14		B1			815,189
	337			United Rentals Inc., Credit Linked Deposit		5.220%		2/13/11		Ba1			340,316
	740			United Rentals Inc., Term Loan B		7.320%		2/14/11		Ba1			747,677
	3,077			Total Trading Companies & Distributors									3,100,773
$	89,777			Total Variable Rate Senior Loan Interests (cost $89,584,806)									90,154,989

Principal
Amount (000)				Description (1)		Coupon		Maturity		Ratings (2)		Value
				Corporate Bonds – 1.7% (1.2% of Total Investments)
				Hotels, Restaurants & Leisure – 1.1%
$	2,000			MGM Mirage, Inc.		6.750%		8/01/07		BB		$	2,012,500
	2,000			Park Place Entertainment		8.875%		9/15/08		Ba1			2,090,000
	4,000			Total Hotels, Restaurants & Leisure									4,102,500
				Household Durables – 0.6%
	2,000			D.R. Horton, Inc.		7.500%		12/01/07		BBB-			2,025,644
$	6,000			Total Corporate Bonds (cost $6,141,433)									6,128,144

Shares				Description (1)		Coupon		Maturity		Ratings (2)		Value
				Capital Preferred Securities – 1.0% (0.7% of Total Investments)
				Electric Utilities – 1.0%
	12,600			Consolidated Edison Company of New York Inc.		5.000%		8/01/53		A3		$	1,191,330
	9,000			Southern California Edison Company, Series A		5.349%		4/27/35		Baa2			895,500
	10,000			Southern California Edison Company, Series C		6.000%		4/30/56		Baa2			1,035,000
	5,000			Southern California Edison Company		6.125%		12/31/55		Baa2			512,344
				Total Electric Utilities									3,634,174
				Total Capital Preferred Securities (cost $3,478,855)									3,634,174

Principal
Amount (000)				Description (1)		Coupon		Maturity				Value
				Short-Term Investments – 3.4% (2.3% of Total Investments)
$	11,974			Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/30/07, repurchase price $11,978,397, collateralized by $12,370,000 U.S. Treasury Notes, 3.375%, due 12/15/08, value $12,215,375		4.900%		4/02/07				$	11,973,508
				Total Short-Term Investments (cost $11,973,508)									11,973,508
				Total Investments (cost $427,723,624) – 143.6%									511,293,996
				Borrowings Payable – (9.3)% (8)									(33,000,000	)
				FundNotes – (21.9%)									(78,000,000	)
				Other Assets Less Liabilities – 0.2%									742,150
				FundPreferred Shares, at Liquidation Value – (12.6)%									(45,000,000	)
				Net Assets Applicable to Common Shares – 100%								$	356,036,146

(1)		All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares unless otherwise noted.
(2)		Ratings: Using the higher of Standard & Poor’s or Moody’s rating. Ratings below BBB by Standard & Poor’s Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade.
(3)		Senior Loans generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a Borrower to prepay, prepayments of Senior Loans may occur. As a result, the actual remaining maturity of Senior Loans held may be substantially less than the stated maturities shown.
(4)		Senior Loans in which the Fund invests generally pay interest at rates which are periodically adjusted by reference to a base short-term, floating lending rate plus an assigned fixed rate. These floating lending rates are generally (i) the lending rate referenced by the London Inter-Bank Offered Rate (“LIBOR”), or (ii) the prime rate offered by one or more major United States banks.
		Senior Loans may be considered restricted in that the Fund ordinarily is contractually obligated to receive approval from the Agent Bank and/or Borrower prior to the disposition of a Senior Loan.
(5)		At or subsequent to March 31, 2007, this issue was under the protection of the Federal Bankruptcy Court.
(6)		Investment is eligible for the Dividends Received Deduction.
(7)		Position represents an unfunded Senior Loan commitment outstanding at March 31, 2007.
(8)		Borrowings Payable as a percentage of total investments is (6.5)%.
N/R		Not rated.
WI/DD		Purchased on a when-issued or delayed delivery basis.
144A		Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration which are normally those transactions with qualified institutional buyers.
ADR		American Depositary Receipt.
TBD		Senior Loan purchased on a when-issued or delayed-delivery basis. Certain details associated with this purchase are not known prior to the settlement date of the transaction. In addition, Senior Loans typically trade without accrued interest and therefore a weighted average coupon rate is not available prior to settlement. At settlement, if still unknown, the Borrower or counterparty will provide the Fund with the final weighted average coupon rate and maturity date.

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 the treatment of paydown gains and losses, recognition of premium amortization and timing differences in recognizing certain gains and losses on investment transactions.

At March 31, 2007, the cost of investments was $428,118,565.

Gross unrealized appreciation and gross unrealized depreciation of investments at March 31, 2007, were as follows:

Gross unrealized:
Appreciation		$	90,914,383
Depreciation			(7,738,952	)
Net unrealized appreciation (depreciation) of investments		$	83,175,431

Item 2. Controls and Procedures.

	a.		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)).
	b.		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 have materially affected, or are 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 1940 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 Tax-Advantaged Total Return Strategy Fund

Date May 30, 2007

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.

Date May 30, 2007

Date May 30, 2007