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:    9/30/2007   

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)
September 30, 2007

Shares				Description (1)								Value
				Common Stocks – 101.1% (70.6% of Total Investments)
				Aerospace & Defense – 6.8%
	94,000			Lockheed Martin Corporation								$	10,198,060
	235,000			Raytheon Company									14,997,700
				Total Aerospace & Defense									25,195,760
				Capital Markets – 2.5%
	205,000			JPMorgan Chase & Co.									9,393,100
				Commercial Banks – 4.4%
	155,500			Wachovia Corporation									7,798,325
	240,000			Wells Fargo & Company									8,548,800
				Total Commercial Banks									16,347,125
				Commercial Services & Supplies – 3.6%
	296,600			Pitney Bowes Inc.									13,471,572
				Communications Equipment – 1.9%
	377,600			Motorola, Inc.									6,996,928
				Containers & Packaging – 2.4%
	300,000			Packaging Corp. of America									8,721,000
				Diversified Financial Services – 4.9%
	385,400			Citigroup Inc.									17,986,618
				Diversified Telecommunication Services – 10.6%
	323,600			AT&T Inc.									13,691,516
	343,000			KT Corporation, Sponsored ADR									8,592,150
	235,000			Telecom Italia S.p.A., Sponsored ADR									5,628,250
	256,500			Verizon Communications Inc.									11,357,820
				Total Diversified Telecommunication Services									39,269,736
				Electric Utilities – 3.5%
	95,300			EDP – Energias de Portugal, S.A., Sponsored ADR									5,548,843
	323,000			Korea Electric Power Corporation, Sponsored ADR									7,477,450
				Total Electric Utilities									13,026,293
				Food Products – 1.2%
	114,806			Kraft Foods Inc.									3,961,955
				Household Durables – 2.4%
	307,000			Newell Rubbermaid Inc.									8,847,740
				Household Products – 3.0%
	160,000			Kimberly-Clark Corporation									11,241,600
				Industrial Conglomerates – 2.2%
	200,000			General Electric Company									8,280,000
				Insurance – 7.1%
	197,800			Aon Corporation									8,863,418
	187,200			Hartford Financial Services Group, Inc.									17,325,360
				Total Insurance									26,188,778
				Machinery – 1.6%
	75,000			Caterpillar Inc.									5,882,250
				Media – 5.1%
	200,000			CBS Corporation, Class B									6,300,000
	339,000			Clear Channel Communications, Inc.									12,692,160
				Total Media									18,992,160
				Metals & Mining – 1.8%
	37,600			POSCO, ADR									6,721,752
				Multi-Utilities – 1.4%
	180,000			United Utilities PLC, Sponsored ADR									5,130,000
				Oil, Gas & Consumable Fuels – 9.3%
	80,000			Chevron Corporation									7,486,400
	113,400			ConocoPhillips									9,953,118
	132,500			Eni S.p.A., Sponsored ADR									9,773,200
	90,000			Total SA, Sponsored ADR									7,292,700
				Total Oil, Gas & Consumable Fuels									34,505,418
				Paper & Forest Products – 3.5%
	220,000			International Paper Company									7,891,400
	270,200			Stora Enso Oyj, Sponsored ADR									5,225,668
				Total Paper & Forest Products									13,117,068
				Pharmaceuticals – 6.2%
	175,000			GlaxoSmithKline PLC, ADR									9,310,000
	198,000			Pfizer Inc.									4,837,140
	206,000			Sanofi-Aventis, ADR									8,738,520
				Total Pharmaceuticals									22,885,660
				Road & Rail – 2.7%
	90,000			Union Pacific Corporation									10,175,400
				Thrifts & Mortgage Finance – 6.9%
	260,000			Federal National Mortgage Association									15,810,600
	411,000			IndyMac Bancorp, Inc.									9,703,710
				Total Thrifts & Mortgage Finance									25,514,310
				Tobacco – 6.1%
	165,900			Altria Group, Inc.									11,535,027
	134,900			Loews Corp – Carolina Group									11,092,827
				Total Tobacco									22,627,854
				Total Common Stocks (cost $281,631,056)									374,480,077

Shares				Description (1)				Coupon		Ratings (2)		Value
				$25 Par (or similar) Preferred Securities – 11.1% (7.8% of Total Investments)
				Capital Markets – 1.1%
	50,000			Goldman Sachs Group Inc., (5)				6.200%		A		$	1,208,000
	77,700			Lehman Brothers Holdings Inc., Series F, (5)				6.500%		A-			1,926,960
	50,000			Merrill Lynch and Company, Inc., (5)				6.375%		A			1,199,000
				Total Capital Markets									4,333,960
				Commercial Banks – 2.7%
	40,000			ABN AMRO Capital Trust Fund VII				6.080%		A1			867,200
	75,000			Banco Santander, 144A				6.500%		A			1,736,723
	25,000			Banco Santander				6.410%		Aa3			554,750
	50,000			Bank of America Corporation, Series D, (5)				6.204%		Aa3			1,230,000
	50,000			Barclays Bank PLC				6.625%		Aa3			1,209,500
	20,000			HSBC Holdings PLC, Series A				6.200%		A1			449,200
	63,200			HSBC USA Inc., (5)				6.500%		A			1,593,904
	40,000			Royal Bank of Scotland Group PLC, Series M				6.400%		A1			905,200
	40,000			Royal Bank of Scotland Group PLC, Series N				6.350%		A1			898,000
	20,000			Royal Bank of Scotland Group PLC				6.600%		Aa3			467,000
				Total Commercial Banks									9,911,477
				Diversified Financial Services – 0.9%
	50,000			Deutsche Bank Capital Funding Trust VIII				6.375%		A			1,147,500
	15,000			ING Group N.V.				6.125%		A1			322,050
	15,300			ING Group N.V.				7.050%		A			369,954
	71,900			ING Group N.V.				7.200%		A1			1,750,765
				Total Diversified Financial Services									3,590,269
				Electric Utilities – 1.8%
	38,900			Alabama Power Company, Series A, (5)				5.300%		BBB+			852,299
	50,000			Alabama Power Company, (5)				5.625%		BBB+			1,268,750
	40,000			Georgia Power Company				6.125%		Baa1			1,042,800
	34,700			Interstate Power and Light Company				7.100%		Baa2			893,525
	36,400			Mississippi Power Company, (5)				5.250%		A3			883,610
	65,000			PPL Electric Utilities Corporation, (5)				6.250%		BBB			1,655,472
				Total Electric Utilities									6,596,456
				Insurance – 1.9%
	60,300			Ace Ltd., Series C				7.800%		BBB			1,541,268
	71,900			Aegon N.V.				6.375%		A-			1,599,775
	22,800			Arch Capital Group Limited				8.000%		BBB-			582,540
	50,000			Endurance Specialty Holdings Limited				7.750%		BBB-			1,259,000
	20,000			MetLife Inc., Series A, (5)				6.694%		Baa1			505,000
	30,000			Prudential PLC				6.750%		A			720,000
	30,000			Prudential PLC				6.500%		A-			698,439
				Total Insurance									6,906,022
				U.S. Agency – 2.7%
	25,000			Federal Home Loan Mortgage Corporation, Notes, (5)				5.570%		AA-			553,000
	40,000			Federal Home Loan Mortgage Corporation, (5)				6.550%		AA-			1,009,267
	25,000			Federal Home Loan Mortgage Corporation, (5)				6.420%		AA-			1,247,500
	25,000			Federal Home Loan Mortgage Corporation, (5)				6.020%		AA-			610,250
	18,400			Federal Home Loan Mortgage Corporation, (5)				6.000%		AA-			879,520
	20,000			Federal Home Loan Mortgage Corporation, (5)				5.700%		AA-			886,876
	56,700			Federal Home Loan Mortgage Corporation, (5)				5.660%		AA-			1,289,925
	30,000			Federal Home Loan Mortgage Corporation, (5)				5.000%		AA-			1,230,000
	20,000			Federal National Mortgage Association, (5)				5.500%		AA-			873,200
	19,800			Federal National Mortgage Association, (5)				5.125%		AA-			838,530
	20,000			Federal National Mortgage Association				5.948%		AA-			504,000
				Total U.S. Agency									9,922,068
				Total $25 Par (or similar) Preferred Securities (cost $43,456,494)									41,260,252

						Weighted
Principal						Average
Amount (000)				Description (1)		Coupon		Maturity (3)		Ratings (2)		Value
				Variable Rate Senior Loan Interests – 23.1% (16.1% of Total Investments) (4)
				Aerospace & Defense – 0.7%
$	851			Hexcel Corporation, Term Loan B		7.193%		3/01/12		BB+		$	829,359
	1,594			Vought Aircraft Industries, Inc., Term Loan		7.630%		12/22/11		Ba2			1,570,101
	364			Vought Aircraft Industries, Inc., Tranche B, Letter of Credit		7.820%		12/22/10		Ba2			358,182
	2,809			Total Aerospace & Defense									2,757,642
				Auto Components – 0.5%
	2,000			Federal Mogul Corporation, Term Loan A, (6)		7.379%		2/24/04		N/R			1,933,000
				Building Products – 0.3%
	784			Armstrong World Industries, Term Loan		7.246%		10/02/13		BBB-			778,140
				Chemicals – 1.4%
	1,240			Georgia Gulf Corporation, Term Loan B		8.298%		10/03/13		BB			1,213,603
	1,980			Lyondell Citgo Refining LP, Term Loan		6.630%		8/16/13		BB+			1,971,646
	1,950			Rockwood Specialties Group, Inc., Term Loan E		7.108%		7/30/12		BB			1,902,198
	5,170			Total Chemicals									5,087,447
				Commercial Services & Supplies – 1.3%
	1,267			Allied Waste North America, Inc., Term Loan B		6.829%		3/28/14		BBB-			1,252,970
	689			Allied Waste North America, Inc., Letter of Credit		6.871%		3/28/14		BBB-			680,934
	1,658			Aramark Corporation, Term Loan		7.198%		1/24/14		BB-			1,631,793
	119			Aramark, Letter of Credit		7.198%		1/24/14		BB-			116,626
	1,106			Berry Plastics Holding Corporation, Term Loan		7.360%		4/03/15		BB-			1,080,681
	4,839			Total Commercial Services & Supplies									4,763,004
				Containers & Packaging – 0.8%
	1,925			Graham Packaging Company, L.P., Term Loan B		7.715%		12/13/11		B+			1,900,350
	175			Smurfit-Stone Container Corporation, Deposit-Funded Commitment		7.475%		11/01/10		Ba2			173,050
	259			Smurfit-Stone Container Corporation, Term Loan B		7.437%		11/01/11		Ba2			256,417
	375			Smurfit-Stone Container Corporation, Term Loan C		7.640%		11/01/11		Ba2			371,391
	118			Smurfit-Stone Container Corporation, Tranche C-1		7.688%		11/01/11		Ba2			116,553
	2,852			Total Containers & Packaging									2,817,761
				Diversified Consumer Services – 0.5%
	1,990			Weight Watchers International Inc., Term Loan B		6.875%		1/26/14		BB+			1,975,075
				Diversified Telecommunication Services – 0.5%
	1,980			MetroPCS Inc., Term Loan		7.579%		11/03/13		Ba3			1,952,404
				Electric Utilities – 0.5%
	298			Dynegy Holdings Inc.		7.165%		4/02/13		Ba1			285,638
	1,702			Dynegy, Inc., Letter of Credit		6.629%		4/02/13		Ba1			1,632,219
	2,000			Total Electric Utilities									1,917,857
				Electrical Equipment – 0.4%
	1,496			Sensus Metering Systems Inc., Term Loan B-1		7.375%		12/17/10		BB			1,473,217
	97			Sensus Metering Systems Inc., Term Loan B-2		7.359%		12/17/10		BB			95,716
	1,593			Total Electrical Equipment									1,568,933
				Health Care Providers & Services – 1.9%
	1,317			Davita Inc., Term Loan B		6.845%		10/05/12		BB+			1,295,211
	1,985			HCA, Inc., Term Loan		7.448%		11/18/13		BB			1,950,263
	464			IASIS Healthcare LLC, Delayed Draw Term Loan, (7)		5.960%		3/14/14		Ba2			322,653
	124			IASIS Healthcare LLC		5.024%		3/14/14		Ba2			118,200
	1,351			IASIS Healthcare LLC, Term Loan B		7.359%		3/14/14		Ba2			1,290,756
	996			LifePoint Hospitals Holdings, Inc., Term Loan B		7.165%		4/18/12		BB			972,980
	985			Quintiles Transnational Corporation, Term Loan B		7.200%		3/29/13		BB			956,271
	7,222			Total Health Care Providers & Services									6,906,334
				Hotels, Restaurants & Leisure – 2.6%
	1,975			24 Hour Fitness Worldwide, Inc., Term Loan B		7.870%		6/08/12		Ba3			1,935,500
	776			CBRL Group, Inc., Term Loan B-1		6.860%		4/28/13		BB			758,626
	122			CBRL Group, Inc., Delayed Draw, Term Loan B-2, (7)		3.801%		4/28/13		BB			58,367
	142			OSI Restaurant Partners, Inc., Term Loan		5.523%		6/14/13		BB-			136,688
	1,853			OSI Restaurant Partners, Inc., Term Loan		7.438%		6/14/14		BB-			1,779,477
	1,960			Penn National Gaming, Inc., Term Loan B		7.108%		10/03/12		BBB-			1,948,294
	445			Travelport, Term Loan		7.448%		8/23/13		BB-			434,751
	89			Travelport, Term Loan		7.448%		8/23/13		BB-			87,233
	600			Venetian Casino Resort, LLC, Delayed Draw, Term Loan, (7)(8)		0.750%		5/23/14		BB			(14,375	)
	2,394			Venetian Casino Resort, LLC, Term Loan		6.950%		5/23/14		BB			2,336,645
	10,356			Total Hotels, Restaurants & Leisure									9,461,206
				Household Products – 0.5%
	1,832			Solo Cup Company, Term Loan		8.940%		2/27/11		B1			1,819,648
				Independent Power Producers & Energy Traders – 0.4%
	400			NRG Energy Inc., Delayed Draw, Term Loan, (7)(8)		0.500%		2/01/13		B2			(7,000	)
	1,126			NRG Energy Inc., Term Loan		6.948%		2/01/13		Ba1			1,107,149
	469			NRG Energy Inc., Term Loan		6.848%		2/01/13		Ba1			460,788
	1,995			Total Independent Power Producers & Energy Traders									1,560,937
				Insurance – 0.3%
	1,171			Conseco, Inc., Term Loan		7.129%		10/10/13		Ba3			1,111,058
				IT Services – 1.1%
	2,000			First Data Term Loan, B-1		6.250%		9/24/14		BB-			1,923,334
	2,047			SunGard Data Systems Inc., Term Loan B		7.356%		2/28/14		BB			2,016,175
	4,047			Total IT Services									3,939,509
				Media – 5.2%
	1,975			Cablevision Systems Corporation, Incremental Term Loan		7.569%		3/29/13		BB			1,951,053
	1,995			Canwest Mediaworks L.P., Term Loan		7.541%		7/10/15		Ba1			1,960,088
	1,995			Cequel Communications LLC., Term Loan B		7.373%		11/05/13		B+			1,921,060
	2,200			Charter Communications Operating, LLC, Term Loan		7.360%		3/06/14		B+			2,129,287
	1,985			Idearc Inc., Term Loan		7.200%		11/17/14		BBB-			1,957,706
	980			Metro-Goldwyn-Mayer Studios, Inc., Term Loan B		8.448%		4/08/12		N/R			940,346
	1,980			Neilsen Finance LLC, Term Loan B		7.360%		8/09/13		Ba3			1,928,028
	933			Tribune Company, Term Loan		7.860%		6/04/09		BB			917,000
	2,000			Tribune Company, Term Loan		8.360%		6/04/14		BB			1,825,277
	121			Univision Communications, Inc., Delayed Draw, Term Loan, (7)(8)		1.000%		9/29/14		Ba3			(5,612	)
	1,879			Univision Communications, Term Loan		7.610%		9/29/14		Ba3			1,791,890
	2,160			WMG Acquisition Corp., Term Loan		7.484%		2/28/11		Ba2			2,114,415
	20,203			Total Media									19,430,538
				Metals & Mining – 0.7%
	1,027			Amsted Industries Inc., Delayed Draw Term Loan		7.376%		4/08/13		BB			1,016,334
	1,412			Amsted Industries Incorporated, Term Loan B		7.389%		4/08/13		BB			1,392,886
	2,439			Total Metals & Mining									2,409,220
				Paper & Forest Products – 0.5%
	1,955			Georgia-Pacific Corporation, Term Loan B		7.383%		12/21/12		BB+			1,918,696
				Pharmaceuticals – 0.5%
	1,990			Royalty Pharma, Term Loan		6.629%		4/16/13		BBB-			1,976,733
				Real Estate Management & Development – 0.4%
	1,500			LNR Property Corporation, Term Loan B		8.110%		7/12/11		BB			1,456,250
				Road & Rail – 0.4%
	1,767			Swift Transportation, Term Loan		8.375%		5/10/14		BB-			1,613,106
				Specialty Retail – 0.4%
	1,500			Toys “R” Us, Inc., Term Loan		8.665%		12/08/08		B3			1,489,531
				Textiles, Apparel & Luxury Goods – 0.5%
	1,745			HanesBrands Inc., Loan		7.087%		9/05/13		BB			1,724,279
				Trading Companies & Distributors – 0.8%
	990			Ashtead Group Public Limited Company, Term Loan B		7.125%		8/31/11		BB+			972,675
	196			Brenntag Holding GmbH and Company KG, Acquisition Facility Term Loan		7.387%		1/20/14		B+			189,573
	804			Brenntag Holdings, Term Loan B2		7.387%		1/20/14		B+			775,844
	337			United Rentals Inc., Credit Linked Deposit		5.320%		2/13/11		Ba1			335,632
	738			United Rentals Inc., Delayed Draw Term Loan B		7.720%		2/14/11		Ba1			735,485
	3,065			Total Trading Companies & Distributors									3,009,209
$	88,804			Total Variable Rate Senior Loan Interests (cost $87,285,186)									85,377,517

Principal

Amount (000)

Description (1)

Coupon

Maturity

Ratings (2)

Value

Corporate Bonds – 1.1% (0.8% of Total Investments)

Hotels, Restaurants & Leisure – 0.6%

$

2,000

Park Place Entertainment

8.875%

9/15/08

Ba1

$

2,047,500

Household Durables – 0.5%

2,000

D.R. Horton, Inc.

7.500%

12/01/07

BBB-

1,997,758

$

4,000

Total Corporate Bonds (cost $4,071,320)

4,045,258

Shares				Description (1)		Coupon		Maturity		Ratings (2)		Value
				Capital Preferred Securities – 0.9% (0.6% of Total Investments)
				Electric Utilities – 0.9%
	9,000			Consolidated Edison Company of New York Inc., (5)		5.000%		8/01/53		A3		$	778,988
	9,000			Southern California Edison Company, Series A, (5)		5.349%		4/27/35		Baa2			910,969
	10,000			Southern California Edison Company, Series C, (5)		6.000%		4/30/56		Baa2			1,014,375
	5,000			Southern California Edison Company, (5)		6.125%		12/31/55		Baa2			518,125
				Total Electric Utilities									3,222,457
				Total Capital Preferred Securities (cost $3,119,300)									3,222,457

Principal
Amount (000)				Description (1)		Coupon		Maturity				Value
				Short-Term Investments – 5.9% (4.1% of Total Investments)
$	21,837			Repurchase Agreement with Fixed Income Clearing Corporation, dated 9/28/07, repurchase price $21,843,970, collateralized by $22,110,000 U.S. Treasury Notes, 4.625%, due 2/15/17, value $22,275,825		3.750%		10/01/07				$	21,837,146
				Total Short-Term Investments (cost $21,837,146)									21,837,146
				Total Investments (cost $441,400,502) – 143.2%									530,222,707
				Borrowings Payable – (8.9)% (9)									(33,000,000	)
				FundNotes – (21.1)%									(78,000,000	)
				Other Assets Less Liabilities – (1.0)%									(3,927,691	)
				FundPreferred Shares, at Liquidation Value – (12.2)%									(45,000,000	)
				Net Assets Applicable to Common Shares – 100%								$	370,295,016

(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 Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s 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)		Investment is eligible for the Dividends Received Deduction.
(6)		At or subsequent to September 30, 2007, this issue was under the protection of the Federal Bankruptcy Court.
(7)		Position or portion of position represents an unfunded Senior Loan commitment outstanding at September 30, 2007.
(8)		Negative value represents unrealized depreciation on Senior Loan commitment at September 30, 2007.
(9)		Borrowings Payable as a percentage of total investments is (6.2)%.
N/R		Not rated.
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.

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 September 30, 2007, the cost of investments was $441,805,258.

Gross unrealized appreciation and gross unrealized depreciation of investments at September 30, 2007, were as follows:

Gross unrealized:
Appreciation		$	102,548,241
Depreciation			(14,130,792	)
Net unrealized appreciation (depreciation) of investments		$	88,417,449

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 November 29, 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 November 29, 2007

Date November 29, 2007