Investment Portfolio

as of February 28, 2009 (Unaudited)

Principal
Amount ($)

Value ($)

Municipal Bonds and Notes 156.1%

Alabama 0.6%

Sylacauga, AL, Health Care Authority Revenue, Coosa Valley Medical Center, Series A, 6.0%, 8/1/2035

1,000,000

627,430

Arizona 1.5%

Arizona, Project Revenue, Health Facilities Authority, The New Foundation Project, 8.25%, 3/1/2019

1,725,000

1,635,886

California 7.3%

California, Bay Area Toll Authority, Toll Bridge Revenue, Series C, 0.35% *, 4/1/2045

1,000,000

1,000,000

California, Morongo Band of Mission Indians, Enterprise Casino Revenue, Series B, 144A, 6.5%, 3/1/2028

1,000,000

765,060

California, Special Assessment Revenue, Golden State Tobacco Securitization Corp., Series 2003-A-1, Prerefunded, 6.75%, 6/1/2039

4,500,000

5,301,765

Sacramento County, CA, Sales & Special Tax Revenue, Bradshaw Road Project, 7.2%, 9/2/2015

870,000

872,636

7,939,461

Colorado 3.2%

Colorado, Health Facilities Authority Revenue, Christian Living Communities Project, Series A, 5.75%, 1/1/2037

1,000,000

643,350

Colorado, Health Facilities Authority Revenue, Portercare Adventist Health Project, Prerefunded, 6.5%, 11/15/2031

1,000,000

1,138,760

Colorado, Public Energy Authority, Natural Gas Purchased Revenue, 6.25%, 11/15/2028

635,000

524,224

Colorado, Transportation/Tolls Revenue, Northwest Parkway Public Highway Authority, Series D, Prerefunded, 7.125%, 6/15/2041

1,145,000

1,224,246

3,530,580

Connecticut 3.3%

Greenwich, CT, Multi-Family Housing Revenue, 6.35%, 9/1/2027

2,000,000

1,967,940

Mashantucket, CT, Mashantucket Western Pequot Tribe, Special Revenue, Series A, 144A, 6.5%, 9/1/2031

705,000

417,875

Mashantucket, CT, Sports, Expo & Entertainment Revenue, Mashantucket Western Pequot Tribe:

Series B, 144A, Zero Coupon, 9/1/2017

2,000,000

818,660

Series B, 144A, Zero Coupon, 9/1/2018

1,000,000

366,890

3,571,365

Florida 5.4%

Florida, Capital Region Community Development District Revenue, Capital Improvement, Series A, 7.0%, 5/1/2039

500,000

351,685

Florida, Tolomato Community Development District, Special Assessment:

5.4%, 5/1/2037

1,990,000

1,058,819

6.55%, 5/1/2027

850,000

585,778

Hillsborough County, FL, Industrial Development Authority Revenue, Health Facilities, University Community Hospital, Series A, 5.625%, 8/15/2029

1,875,000

1,411,050

Miami Beach, FL, Health Facilities Authority Hospital Revenue, Mount Sinai Medical Center, 144A, 6.75%, 11/15/2029

1,600,000

1,034,496

Orlando, FL, Greater Aviation Authority, Airport Facilities Revenue, Jet Blue Airways Corp., AMT, 6.5%, 11/15/2036

1,000,000

606,400

Orlando, FL, Special Assessment Revenue, Conroy Road Interchange Project, Series A, 5.8%, 5/1/2026

1,000,000

825,470

5,873,698

Georgia 2.7%

Americus-Sumter County, GA, Hospital & Healthcare Revenue, Hospital Authority, South Georgia Methodist, Series A, 6.375%, 5/15/2029

1,250,000

911,650

Georgia, Main Street Natural Gas, Inc., Gas Project Revenue, Series A, 5.5%, 9/15/2024

1,220,000

940,474

Georgia, Medical Center Hospital Authority Revenue, Anticipation Certificates, Columbus Regional Healthcare Systems, 6.5%, 8/1/2038 (a)

1,000,000

1,056,930

2,909,054

Guam 0.7%

Guam, Government Waterworks Authority, Water & Wastewater System Revenue, 6.0%, 7/1/2025

1,000,000

818,850

Idaho 0.3%

Idaho, Health Facilities Authority Revenue, St. Luke's Regional Medical Center, 6.75%, 11/1/2037

305,000

312,247

Illinois 9.0%

Aurora, IL, Single Family Mortgage Revenue, Series C, AMT, 5.5%, 6/1/2045

2,859,849

2,811,146

Illinois, Finance Authority Revenue, Friendship Village of Schaumburg, Series A, 5.625%, 2/15/2037

2,000,000

1,115,100

Illinois, Finance Authority Revenue, Monarch Landing, Inc. Facility:

Series A, 7.0%, 12/1/2027

1,000,000

738,860

Series A, 7.0%, 12/1/2037

1,000,000

684,330

Illinois, Finance Authority Revenue, Three Crowns Park Plaza, Series A, 5.875%, 2/15/2038

1,000,000

600,300

Illinois, Hospital & Healthcare Revenue, ETM, 6.75%, 2/15/2016

2,180,000

2,312,653

Illinois, Upper River Valley Development Authority, Solid Waste Disposal Revenue, Waste Recovery Project, AMT, 5.9%, 2/1/2014

995,000

899,002

University Park, IL, Sales & Special Tax Revenue, Governors Gateway Industrial Park, 8.5%, 12/1/2011

620,000

621,593

9,782,984

Indiana 2.4%

Indiana, Senior Care Revenue, Health Facilities Finance Authority, Franciscan Eldercare Community Services, 5.875%, 5/15/2029

3,000,000

2,016,210

Vigo County, IN, Hospital Authority Revenue, Union Hospital, Inc., 144A, 5.7%, 9/1/2037

1,000,000

653,420

2,669,630

Iowa 2.1%

Cedar Rapids, IA, First Mortgage Revenue, Cottage Grove Place, Series A, 5.875%, 7/1/2028

1,670,000

1,089,708

Iowa, Finance Authority Retirement Community Revenue, Edgewater LLC Project, 6.5%, 11/15/2027

1,000,000

736,500

Lake City, IA, Senior Care Revenue, Health Care Facility, Opportunity Living Project, 144A, 6.45%, 5/1/2011

525,000

521,031

2,347,239

Kansas 4.4%

Lenexa, KS, Health Care Facility Revenue, 5.5%, 5/15/2039

2,000,000

1,105,220

Manhattan, KS, Senior Care Revenue, Meadowlark Hills Retirement, Series A, Prerefunded, 6.5%, 5/15/2028

300,000

306,879

Overland Park, KS, Industrial Development Revenue, Series A, Prerefunded, 7.375%, 1/1/2032

2,000,000

2,210,560

Wyandotte County, KS, Unified Government Special Obligation Revenue, Sales Tax, Series B, 5.0%, 12/1/2020

1,400,000

1,218,084

4,840,743

Kentucky 3.7%

Kentucky, Economic Development Finance Authority, Health System Revenue, Norton Healthcare:

Series A, 6.625%, 10/1/2028

215,000

194,500

Series A, Prerefunded, 6.625%, 10/1/2028

785,000

856,262

Kentucky, Economic Development Finance Authority, Louisville Arena Project Revenue, Series A-1, 6.0%, 12/1/2033 (a)

365,000

374,078

Louisville & Jefferson County, KY, Metropolitan Government Health Systems Revenue, Norton Healthcare, Inc., 5.0%, 10/1/2030

3,425,000

2,610,021

4,034,861

Louisiana 4.1%

Louisiana, Local Government Environmental Facilities, Community Development Authority Revenue, 6.75%, 11/1/2032

1,000,000

663,450

Louisiana, St. John Baptist Parish Revenue, Marathon Oil Corp., Series A, 5.125%, 6/1/2037

1,500,000

1,106,895

Morehouse Parish, LA, Pollution Control Revenue, International Paper Co. Project, Series A, 5.25%, 11/15/2013

3,000,000

2,654,280

4,424,625

Maryland 8.1%

Anne Arundel County, MD, General Obligation, National Business Park Project, 144A, Prerefunded, 7.375%, 7/1/2028

966,000

1,055,538

Anne Arundel County, MD, Revenue Lease, Arundel Mills Project, Prerefunded, 7.1%, 7/1/2029

1,500,000

1,558,350

Maryland, Higher Education Revenue, Collegiate Housing Foundation, Series A, Prerefunded, 5.75%, 6/1/2031

1,000,000

1,033,480

Maryland, Hospital & Healthcare Revenue, University of Maryland Medical System, Prerefunded, 6.75%, 7/1/2030

1,000,000

1,085,100

Maryland, State Economic Development Corp. Revenue, Senior Lien Project, Chesapeake Bay:

Series A, 5.0%, 12/1/2031

1,000,000

510,720

Series B, 5.25%, 12/1/2031

2,000,000

1,058,060

Maryland, State Health & Higher Educational Facilities Authority Revenue, Anne Arundel Health Systems, Series A, 6.75%, 7/1/2039

500,000

505,315

Maryland, State Health & Higher Educational Facilities Authority Revenue, Washington County Hospital:

5.75%, 1/1/2033

1,000,000

784,370

6.0%, 1/1/2028

1,385,000

1,177,624

8,768,557

Massachusetts 6.2%

Massachusetts, Hospital & Healthcare Revenue, Health & Educational Facilities Authority, Civic Investments, Series A, Prerefunded, 9.0%, 12/15/2015

1,600,000

1,957,984

Massachusetts, Industrial Development Revenue, Development Finance Agency, Series A, 7.1%, 7/1/2032

1,875,000

1,430,625

Massachusetts, Project Revenue, Health & Educational Facilities Authority, Jordan Hospital, Series E, 6.75%, 10/1/2033

1,790,000

1,291,360

Massachusetts, State Development Finance Agency Revenue, Linden Ponds, Inc. Facility, Series A, 5.75%, 11/15/2035

2,700,000

1,540,134

Massachusetts, State Health & Educational Facilities Authority Revenue, Milford Regional Medical Center, Series E, 5.0%, 7/15/2037

950,000

541,851

Massachusetts, State Health & Educational Facilities Authority Revenue, Partners Healthcare Systems, Series C, 5.75%, 7/1/2032

35,000

35,076

6,797,030

Michigan 5.8%

Kalamazoo, MI, Economic Development Corp. Revenue, Heritage Community, 5.375%, 5/15/2027

1,000,000

636,730

Kalamazoo, MI, Industrial Development Revenue, Economic Development Corp., Series A, Prerefunded, 7.5%, 5/15/2029

2,000,000

2,190,020

Royal Oak, MI, Hospital Finance Authority Revenue, William Beaumont Hospital, 8.25%, 9/1/2039

1,000,000

1,065,380

Saginaw, MI, Hospital & Healthcare Revenue, Hospital Finance Authority, Covenant Medical Center, Series F, 6.5%, 7/1/2030

1,000,000

945,950

Tawas City, MI, Hospital Finance Authority, St. Joseph Health Services:

Series A, ETM, 5.6%, 2/15/2013

190,000

202,605

Series A, ETM, 5.75%, 2/15/2023

1,300,000

1,317,251

6,357,936

Minnesota 1.0%

Minneapolis, MN, Health Care Systems Revenue, Fairview Health Services, Series A, 6.75%, 11/15/2032

1,000,000

1,048,120

Mississippi 1.2%

Lowndes County, MS, Solid Waste Disposal & Pollution Control Revenue, Weyerhaeuser Co. Project, Series A, 6.8%, 4/1/2022

250,000

200,565

Mississippi, Business Finance Corp., Pollution Control Revenue, Systems Energy Resources, Inc. Project, 5.875%, 4/1/2022

1,000,000

823,390

Warren County, MS, Gulf Opportunity Zone, International Paper Co., Series A, 6.5%, 9/1/2032

435,000

305,909

1,329,864

Missouri 0.7%

Branson, MO, Regional Airport Transportation Development District, Airport Revenue, Series B, AMT, 6.0%, 7/1/2037

250,000

153,768

St. Louis, MO, Special Assessment Revenue, Scullin Redevelopment Area, Series A, 10.0%, 8/1/2010

535,000

560,054

713,822

Nevada 9.4%

Clark County, NV, Industrial Development Revenue, Nevada Power Co. Project, Series B, AMT, 5.9%, 10/1/2030

1,665,000

1,212,270

Clark County, NV, School District, General Obligation, Series A, 5.0%, 6/15/2022 (a)

7,140,000

7,184,268

Henderson, NV, Health Care Facility Revenue, Catholic Healthcare West, Series B, 5.25%, 7/1/2031

2,000,000

1,726,260

Las Vegas, NV, Transportation/Tolls Revenue, Las Vegas Monorail Project, 3.688%, 1/1/2030 (b)

2,000,000

160,000

10,282,798

New Hampshire 5.2%

New Hampshire, Health & Education Facilities Authority Revenue, Dartmouth College Issue, 0.43% *, 6/1/2032

2,100,000

2,100,000

New Hampshire, Higher Education Revenue, Health & Educational Facilities Authority, New Hampshire College Issue, Prerefunded, 7.4%, 1/1/2023

1,000,000

1,119,670

New Hampshire, Hospital & Healthcare Revenue, Rivermead at Peterborough Retirement Community, 5.75%, 7/1/2028

1,500,000

1,022,355

New Hampshire, State Business Finance Authority, Solid Waste Disposal Revenue, Waste Management, Inc. Project, AMT, 5.2%, 5/1/2027

1,750,000

1,409,432

5,651,457

New Jersey 1.2%

New Jersey, Economic Development Authority Revenue, Cigarette Tax, 5.75%, 6/15/2034

290,000

211,532

New Jersey, Health Care Facilities Financing Authority Revenue, St. Joseph's Health Care System, 6.625%, 7/1/2038

1,430,000

1,042,084

1,253,616

New Mexico 2.1%

Farmington, NM, Pollution Control Revenue, 5.8%, 4/1/2022

2,750,000

2,267,182

New York 17.3%

Long Island, NY, Power Authority, Electric System Revenue, Series E, 5.0%, 12/1/2021 (a)

2,900,000

2,924,853

Nassau County, NY, Industrial Development Agency, Continuing Care Retirement, Amsterdam at Harborside, Series A, 6.7%, 1/1/2043

1,000,000

758,680

Nassau County, NY, Project Revenue, North Shore Healthcare Systems Project, Series B, 5.875%, 11/1/2011

365,000

384,261

New York, Core City General Obligation, Series C, 7.0%, 2/1/2010

315,000

322,478

New York, Sales & Special Tax Revenue, Metropolitan Transportation Authority, Series A, Prerefunded, 5.125%, 4/1/2019 (a)

1,450,000

1,689,511

New York, State General Obligation Lease, Higher Education Revenue, Dormitory Authority, State University, 5.125%, 5/15/2021 (a)

1,515,000

1,517,984

New York & New Jersey Port Authority, One Hundred Forty-Seventh, AMT, 5.0%, 10/15/2023 (a)

8,260,000

8,011,044

New York City, NY, Industrial Development Agency Revenue, Liberty-7, World Trade Center, Series A, 6.25%, 3/1/2015

2,000,000

1,705,360

New York City, NY, Industrial Development Agency, Special Facility Revenue, American Airlines, JFK International Airport, AMT, 8.0%, 8/1/2028

2,000,000

1,545,120

18,859,291

North Carolina 3.1%

North Carolina, Electric Revenue, Municipal Power Agency:

Series C, 5.375%, 1/1/2017

1,000,000

1,026,430

Series B, 6.375%, 1/1/2013

1,300,000

1,345,396

North Carolina, Medical Care Commission, Health Care Facilities Revenue, University Health Systems, Series D, 6.25%, 12/1/2033

1,000,000

1,035,710

3,407,536

North Dakota 1.0%

Grand Forks, ND, Hospital & Healthcare Revenue, Altru Health Care System, Prerefunded, 7.125%, 8/15/2024

1,000,000

1,095,580

Ohio 4.3%

Buckeye, OH, Tobacco Settlement Financing Authority, Series A-2, 5.875%, 6/1/2030

7,350,000

4,661,443

Pennsylvania 4.6%

Montgomery County, PA, Industrial Development Authority Revenue, Whitemarsh Continuing Care, 6.25%, 2/1/2035

600,000

362,844

Montgomery County, PA, Senior Care Revenue, Higher Education & Health Authority, Philadelphia Geriatric Center, Series A, Prerefunded, 7.25%, 12/1/2027

2,000,000

2,131,220

Pennsylvania, Hospital & Healthcare Revenue, Economic Development Financing Authority, UPMC Health System, Series A, 6.0%, 1/15/2031

750,000

758,325

Philadelphia, Redevelopment Authority Revenue, First Lien Mortgage, Series A, 6.5%, 1/1/2029

596,400

596,621

Westmoreland County, PA, Senior Care Revenue, Industrial Development Authority, Health Care Facilities-Redstone, Series B, Prerefunded, 8.125%, 11/15/2030

1,000,000

1,112,020

4,961,030

Puerto Rico 3.3%

Commonwealth of Puerto Rico, Aqueduct & Sewer Authority Revenue, Series A, 6.0%, 7/1/2038

4,000,000

3,623,200

South Carolina 6.2%

Hardeeville, SC, Assessment Revenue, Anderson Tract Municipal Improvement District, Series A, 7.75%, 11/1/2039

983,000

739,953

South Carolina, Jobs Economic Development Authority Revenue, Bon Secours Health System:

Series A, Prerefunded, 5.625%, 11/15/2030

415,000

471,569

Series B, 5.625%, 11/15/2030

1,585,000

1,388,840

South Carolina, Jobs Economic Development Authority, Hospital Facilities Revenue, Palmetto Health Alliance:

Series C, Prerefunded, 7.0%, 8/1/2030

1,545,000

1,841,977

Series A, Prerefunded, 7.375%, 12/15/2021

1,000,000

1,119,050

South Carolina, Transportation Infrastructure Bank Revenue, Series A, Prerefunded, 5.375%, 10/1/2024 (a)

1,150,000

1,194,804

6,756,193

South Dakota 1.8%

South Dakota, Hospital & Healthcare Revenue, Sioux Valley Hospital, Series E, 5.375%, 11/1/2024

2,000,000

2,010,500

Tennessee 2.9%

Clarksville, TN, Natural Gas Acquisition Corp., Gas Revenue:

5.0%, 12/15/2017

500,000

404,955

5.0%, 12/15/2018

540,000

430,375

Johnson City, TN, Hospital & Healthcare Revenue, Health & Educational Facilities Board Hospital, Series A, Prerefunded, 7.5%, 7/1/2033

2,000,000

2,284,420

3,119,750

Texas 11.9%

Abilene, TX, Senior Care Revenue, Health Facilities Development, Sears Methodist Retirement Facilities, Series A, 5.9%, 11/15/2025

2,500,000

1,791,375

Austin, TX, Bergstrom Landhost Enterprises, Inc., Airport Hotel Project, Series A, 6.75%, 4/1/2027

1,975,000

1,252,960

Houston, TX, Transportation/Tolls Revenue, Special Facilities, Continental Airlines, Inc., Series E, AMT, 6.75%, 7/1/2029

2,000,000

1,421,820

North Texas, Tollway Authority Revenue, Toll Second Tier, Series F, 5.75%, 1/1/2033

2,000,000

1,865,000

Tarrant County, TX, Hospital & Healthcare Revenue, Health Facilities Development Corp., Prerefunded, 6.7%, 11/15/2030

1,000,000

1,097,700

Texas, Industrial Development Revenue, Waste Disposal Authority, Series A, AMT, 6.1%, 8/1/2024

1,000,000

711,430

Texas, Lower Colorado River Authority Revenue, Series B, Prerefunded, 6.0%, 5/15/2013 (a)

10,000

10,219

Travis County, TX, Health Facilities Development Corp., Retirement Facility Revenue, Querencia Barton Creek Project, 5.65%, 11/15/2035

1,250,000

755,700

Travis County, TX, Hospital & Healthcare Revenue, Ascension Health Credit, Series A, 6.0%, 11/15/2012 (a)

3,860,000

4,015,172

12,921,376

Virgin Islands 2.8%

Virgin Islands, Sales & Special Tax Revenue, Public Finance Authority, Series A, 6.375%, 10/1/2019

3,000,000

3,009,480

Washington 1.8%

Washington, State Health Care Facilities Authority Revenue, Series C, 5.375%, 8/15/2028 (a)

595,000

431,744

Washington, State Health Care Facilities Authority Revenue, Virginia Mason Medical Center, Series A, 6.125%, 8/15/2037

2,000,000

1,549,660

1,981,404

West Virginia 2.0%

West Virginia, Hospital Finance Authority Revenue, Charleston Medical Center, Prerefunded, 6.75%, 9/1/2022

2,000,000

2,178,500

Wisconsin 1.5%

Wisconsin, Hospital & Healthcare Revenue, Health & Education Facilities Authority, Aurora Health Care, Inc., 6.875%, 4/15/2030

1,000,000

881,900

Wisconsin, State Health & Educational Facilities Authority Revenue, Aurora Health Care, Inc., Series A, 5.6%, 2/15/2029

1,040,000

795,236

1,677,136

Total Municipal Bonds and Notes (Cost $183,949,488)

170,051,454

Municipal Inverse Floating Rate Notes (c) 14.8%

California 3.8%

San Diego County, CA, Water Authority Revenue, Certificates of Participation, Series 2008-A,

5.0%, 5/1/2027 (a) (d)

2,121,349

2,129,333

San Diego County, CA, Water Authority Revenue, Certificates of Participation, Series 2008-A,

5.0%, 5/1/2028 (a) (d)

1,930,312

1,937,576

Trust: San Diego County, CA, Water Utility Improvements, Certificates of Participation, Series 2008-1104, 144A, 8.723%, 5/1/2027, Leverage Factor at purchase date: 2 to 1

4,066,909

New York 5.3%

New York, State Dormitory Authority, State Personal Income Tax Revenue, Series A, 5.0%,

3/15/2023 (d)

5,535,000

5,782,404

Trust: New York, State Dormitory Authority Revenues, Secondary Issues, Series 1955-2, 144A, 17.704%, 3/15/2023, Leverage Factor at purchase date: 4 to 1

Tennessee 5.7%

Nashville & Davidson County, TN, Metropolitan Government, 5.0%, 1/1/2024 (d)

5,918,585

6,242,764

Trust: Nashville & Davidson County, TN, Metropolitan Government, Series 2631-1, 144A, 17.356%, 1/1/2024, Leverage Factor at purchase date: 4 to 1

Total Municipal Inverse Floating Rate Notes (Cost $15,914,004)

16,092,077

% of
Net Assets

Value ($)

Total Investment Portfolio (Cost $199,863,492) †

170.9

186,143,531

Other Assets and Liabilities, Net

(6.6)

(7,233,078)

Preferred Shares, at Redemption Value

(64.3)

(70,000,000)

Net Assets Applicable to Common Shareholders

100.0

108,910,453

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

*

Variable rate demand notes are securities whose interest rates are reset periodically at market levels. These securities are often payable on demand and are shown at their current rates as of February 28, 2009.

†

The cost for federal income tax purposes was $199,343,075. At February 28, 2009, net unrealized depreciation for all securities based on tax cost was $13,199,544. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $8,613,178 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $21,812,722.

(a)

Bond is insured by one of these companies:

Insurance Coverage

As a % of Total
Investment Portfolio

(b)

Partial interest paying security. The rate shown represents 50% of the original coupon rate.

(c)

Securities represent the underlying municipal obligations of inverse floating rate obligations held by the Fund.

(d)

Security forms part of the below tender option bond trust. Principal Amount and Value shown take into account the leverage factor.

144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

AMT: Subject to alternative minimum tax.

ETM: Bonds bearing the description ETM (escrow to maturity) are collateralized usually by US Treasury securities which are held in escrow and used to pay principal and interest on bonds so designated.

Prerefunded: Bonds which are prerefunded are collateralized usually by US Treasury securities which are held in escrow and used to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.

Valuation Inputs

Investments in Securities

Level 1

$ -

Level 2

186,143,531

Level 3

-

Total

$ 186,143,531

ITEM 2.

CONTROLS AND PROCEDURES

(a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

(b)         There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

ITEM 3.

EXHIBITS

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

Registrant:

DWS Strategic Municipal Income Trust

By:

/s/Michael G. Clark

Michael G. Clark

Date:

April 22, 2009

Registrant:

DWS Strategic Municipal Income Trust

By:

/s/Michael G. Clark

Michael G. Clark

Date:

April 22, 2009

By:

/s/Paul Schubert

Paul Schubert