Nuveen New Jersey Dividend Advantage Municipal Fund

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         811-09455         

        Nuveen New Jersey Dividend Advantage Municipal Fund         
(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:            06/30          

Date of reporting period:          09/30/04         

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 New Jersey Dividend Advantage Municipal Fund (NXJ)
September 30, 2004


Principal

Optional Call

Market

Amount (000)

Description(1)

Provisions*

Ratings**

Value


Consumer Discretionary - 0.3%

 

$

250

New Jersey Economic Development Authority, Industrial Development Revenue Refunding Bonds, Newark

4/06 at 102.00

Ba3

$    257,895

   Airport Marriott Hotel, Series 1996, 7.000%, 10/01/14


Consumer Staples - 4.1%

 

970

Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series

6/12 at 100.00

BBB

896,280

   2002, 5.750%, 6/01/32

 

Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series

2003:

2,240

   6.125%, 6/01/24

6/13 at 100.00

BBB

2,175,040

1,125

   6.375%, 6/01/32

6/13 at 100.00

BBB

1,045,193


Education and Civic Organizations - 18.9%

 

1,500

New Jersey Educational Facilities Authority, Revenue Bonds, Rowan College, Series 2001C, 5.000%,

7/11 at 101.00

AAA

1,536,195

   7/01/31 - FGIC Insured

 

200

New Jersey Educational Facilities Authority, Revenue Refunding Bonds, Seton Hall University

7/11 at 100.00

AAA

220,876

   Project, Series 2001A, 5.250%, 7/01/16 - AMBAC Insured

 

New Jersey Educational Facilities Authority, Revenue Refunding Bonds, Seton Hall University

Project, Series 2001G:

3,820

   4.875%, 7/01/21 - AMBAC Insured

7/11 at 100.00

AAA

3,959,774

1,600

   5.000%, 7/01/26 - AMBAC Insured

7/11 at 100.00

AAA

1,644,624

 

1,000

New Jersey Educational Facilities Authority, Revenue Bonds, New Jersey Institute of Technology,

7/11 at 100.00

AAA

1,104,380

   Series 2001G, 5.250%, 7/01/18 - MBIA Insured

 

300

New Jersey Educational Facilities Authority, Revenue Refunding Bonds, Rider University, Series

7/12 at 100.00

AA

318,270

   2002A, 5.000%, 7/01/17 - RAAI Insured

 

750

New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University, Series

7/14 at 100.00

AAA

811,552

   2004L, 5.125%, 7/01/21 - MBIA Insured

 

630

New Jersey Educational Facilities Authority, Revenue Bonds, William Paterson University, Series

7/14 at 100.00

AAA

690,732

   2004A, 5.125%, 7/01/19 - FGIC Insured

 

1,000

New Jersey Educational Facilities Authority, Revenue Bonds, New Jersey Institute of Technology,

1/14 at 100.00

AAA

1,065,090

   Series 2004B, 5.000%, 7/01/21 - AMBAC Insured

 

250

New Jersey Educational Facilities Authority, Revenue Bonds, Fairleigh Dickinson University, Series

7/14 at 100.00

N/R

257,685

   2004C, 5.500%, 7/01/23

 

New Jersey Educational Facilities Authority, Revenue Bonds, Rowan University, Series 2004C:

1,255

   5.000%, 7/01/12 - MBIA Insured

No Opt. Call

AAA

1,397,555

625

   5.000%, 7/01/24 - MBIA Insured

7/14 at 100.00

AAA

656,713

 

Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing

Authority, Higher Education Revenue Bonds, University of the Sacred Heart, Series 2001:

2,000

   5.250%, 9/01/21

9/11 at 100.00

BBB

2,070,220

700

   5.250%, 9/01/31

9/11 at 100.00

BBB

709,695

 

500

Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing

12/12 at 101.00

BBB

508,785

   Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University System, Series

   2002, 5.500%, 12/01/31

 

1,905

University of Puerto Rico, University System Revenue Bonds, Series 1995M, 5.250%, 6/01/25 - MBIA

6/05 at 101.50

AAA

1,962,169

   Insured


Energy - 1.1%

 

1,000

Virgin Islands Government Refinery Facilities, Senior Secured Revenue Bonds, Hovensa LLC Coker

1/13 at 100.00

BBB-

1,090,440

   Project, Series 2002, 6.500%, 7/01/21 (Alternative Minimum Tax)


Healthcare - 22.8%

 

310

Camden County Improvement Authority, New Jersey, Revenue Bonds, Cooper Health System, Series 2004A,

8/14 at 100.00

BBB

312,647

   5.750%, 2/15/34

 

3,500

New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Kennedy Health System, Series

7/11 at 100.00

A3

3,639,020

   2001, 5.625%, 7/01/31

 

1,350

New Jersey Health Care Facilities Financing Authority, Revenue Bonds, South Jersey Hospital System,

7/12 at 100.00

Baa1

1,435,279

   Series 2002, 5.875%, 7/01/21

 

1,000

New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Somerset Medical Center,

7/13 at 100.00

Baa2

994,900

   Series 2003, 5.500%, 7/01/33

 

1,100

New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Kennedy Health System

No Opt. Call

AAA

1,172,534

   Obligated Group, Series 1998B, 5.750%, 7/01/06 - MBIA Insured

 

500

New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Trinitas Hospital Obligated

7/10 at 101.00

BBB-

559,550

   Group, Series 2000, 7.500%, 7/01/30

 

New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Robert Wood Johnson

University Hospital, Series 2000:

750

   5.750%, 7/01/25

7/10 at 100.00

A

809,805

10,500

   5.750%, 7/01/31

7/10 at 100.00

A

11,242,980

 

2,500

New Jersey Health Care Facilities Financing Authority, Revenue Refunding Bonds, Burdette Tomlin

7/09 at 101.00

A2

2,561,000

   Memorial Hospital, Series 1999, 5.500%, 7/01/29


Industrials - 0.1%

 

145

New Jersey Economic Development Authority, District Heating and Cooling Revenue Bonds,

No Opt. Call

N/R

145,796

   Trigen-Trenton Project, Series 1993B, 6.100%, 12/01/04 (Alternative Minimum Tax)


Long-Term Care - 1.7%

 

New Jersey Economic Development Authority, Revenue Bonds, Masonic Charity Foundation of New Jersey,

Series 2001:

1,000

   6.000%, 6/01/25

6/11 at 102.00

A+

1,108,650

335

   5.500%, 6/01/31

6/11 at 102.00

A+

352,541

 

250

New Jersey Economic Development Authority, First Mortgage Revenue Bonds, Winchester Gardens at

11/14 at 100.00

N/R

250,155

   Wards Homestead, Series 2004A, 5.800%, 11/01/31


Tax Obligation/General - 5.1%

 

Hamilton Township, Mercer County Board of Education, New Jersey, General Obligation Bonds, Series

2001:

1,850

   4.750%, 8/15/18 - FSA Insured

8/10 at 100.00

AAA

1,946,662

1,630

   4.750%, 8/15/19 - FSA Insured

8/10 at 100.00

AAA

1,703,008

 

1,350

Puerto Rico, Public Improvement General Obligation Bonds, Series 2001, 5.250%, 7/01/27 - FSA

7/11 at 100.00

AAA

1,426,410

   Insured


Tax Obligation/Limited - 25.1%

 

1,745

Burlington County Bridge Commission, New Jersey, Guaranteed Pooled Loan Bonds, Series 2003,

12/13 at 100.00

AAA

1,890,987

   5.000%, 12/01/18 - MBIA Insured

 

2,000

Essex County Improvement Authority, New Jersey, Lease Revenue Bonds, Series 2003, 5.000%,

No Opt. Call

Aaa

2,230,300

   12/15/12 - FSA Insured

 

Garden State Preservation Trust, New Jersey, Open Space and Farmland Preservation Bonds, Series

2003A:

550

   5.250%, 11/01/19 - FSA Insured

11/13 at 100.00

AAA

605,666

900

   5.000%, 11/01/20 - FSA Insured

11/13 at 100.00

AAA

964,071

1,015

   5.000%, 11/01/21 - FSA Insured

11/13 at 100.00

AAA

1,080,112

 

2,200

New Jersey Economic Development Authority, Motor Vehicle Surcharge Revenue Bonds, Series 2004A,

7/14 at 100.00

AAA

2,477,882

   5.250%, 7/01/15 - MBIA Insured

 

New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2001A:

2,000

   5.250%, 6/15/19 - AMBAC Insured

6/11 at 100.00

AAA

2,198,760

2,400

   5.000%, 6/15/21 - AMBAC Insured

6/11 at 100.00

AAA

2,518,968

 

1,500

New Jersey Economic Development Authority, School Facilities Construction Financing Act Bonds,

6/12 at 100.00

AAA

1,631,235

   Series 2002C, 5.000%, 6/15/15 - MBIA Insured

 

1,000

New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2003F,

6/13 at 100.00

AAA

1,086,110

   5.250%, 6/15/21 - FGIC Insured

 

900

New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2004G,

9/13 at 100.00

AAA

979,254

   5.000%, 9/01/17 - MBIA Insured

 

1,000

New Jersey Educational Facilities Authority, Revenue Bonds, Higher Education Capital Improvement

9/12 at 100.00

AAA

1,090,120

   Bonds, Fund Issue, Series 2002A, 5.250%, 9/01/19 - AMBAC Insured

 

1,000

New Jersey Transit Corporation, Certificates of Participation, Federal Transit Administration

No Opt. Call

AAA

1,145,640

   Grants, Series 2002A, 5.500%, 9/15/14 - AMBAC Insured

 

1,200

New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2004B, 5.250%,

No Opt. Call

AAA

1,355,760

   12/15/13 (WI, settling 10/28/04) - FGIC Insured

 

New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2003C:

1,000

   5.500%, 6/15/17

6/13 at 100.00

A+

1,117,510

1,000

   5.500%, 6/15/18

6/13 at 100.00

A+

1,115,160

 

1,500

Virgin Islands Public Finance Authority, Senior Lien Revenue Refunding Bonds, Matching Fund Loan

10/08 at 101.00

AA

1,606,185

   Notes, Series 1998A, 5.500%, 10/01/18 - RAAI Insured


Transportation - 23.0%

 

1,000

Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2003, 5.250%,

1/13 at 100.00

AAA

1,099,230

   1/01/18 - MBIA Insured

 

35

Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 1995, 5.500%,

1/06 at 102.00

AAA

36,803

   1/01/26 - FGIC Insured

 

1,800

New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines

11/10 at 101.00

B

1,424,970

   Inc., Series 2000, 7.000%, 11/15/30 (Alternative Minimum Tax)

 

3,000

New Jersey Turnpike Authority, Revenue Bonds, Series 2003A, 5.000%, 1/01/19 - FGIC Insured

7/13 at 100.00

AAA

3,225,270

 

175

New Jersey Turnpike Authority, Revenue Bonds, Series 1991C, 6.500%, 1/01/16

No Opt. Call

A

212,279

 

375

Newark Housing Authority, New Jersey, Port Authority Terminal Revenue Bonds, Series 2004, 5.250%,

1/14 at 100.00

AAA

407,153

   1/01/21 - MBIA Insured

 

3,000

Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Ninth Series

1/07 at 101.00

AAA

3,167,820

   1997, 5.375%, 1/15/32 - MBIA Insured

 

3,500

Port Authority of New York and New Jersey, Consolidated Bonds, One Hundred Twentieth Series

10/07 at 101.00

AAA

3,696,910

   2000, 5.500%, 10/15/35 (Alternative Minimum Tax) - MBIA Insured

 

5,000

Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal

12/07 at 102.00

AAA

5,458,050

   LLC, Sixth Series 1997, 5.750%, 12/01/22 (Alternative Minimum Tax) - MBIA Insured

 

4,000

South Jersey Transportation Authority New Jersey, Transportation System Revenue Bonds, Series 1999,

11/09 at 101.00

AAA

4,204,800

   5.125%, 11/01/22 - AMBAC Insured


U.S. Guaranteed*** - 20.1%

 

5,215

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

7/10 at 100.00

AAA

6,034,224

   6.000%, 7/01/26 (Pre-refunded to 7/01/10)

 

50

Essex County Improvement Authority, New Jersey, General Obligation Guaranteed Lease Revenue Bonds,

10/10 at 100.00

Aaa

58,319

   County Correctional Facility Project, Series 2000, 6.000%, 10/01/25 (Pre-refunded to 10/01/10) -

   FGIC Insured

 

1,565

New Jersey Educational Facilities Authority, Revenue Bonds, Princeton University, Series 2000E,

7/10 at 100.00

AAA

1,758,058

   5.250%, 7/01/16 (Pre-refunded to 7/01/10)

 

3,110

New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 1998A, 5.000%,

6/09 at 100.00

A+***

3,431,667

   6/15/17 (Pre-refunded to 6/15/09)

 

530

New Jersey Turnpike Authority, Revenue Bonds, Series 1991C, 6.500%, 1/01/16

No Opt. Call

A***

645,254

 

Puerto Rico, Public Improvement General Obligation Bonds, Series 2001:

2,150

   5.250%, 7/01/27 (Pre-refunded to 7/01/11) - FSA Insured

7/11 at 100.00

AAA

2,428,898

1,230

   5.125%, 7/01/30 (Pre-refunded to 7/01/11) - FSA Insured

7/11 at 100.00

AAA

1,380,257

 

4,000

Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A, 5.500%,

10/10 at 101.00

AAA

4,327,760

   10/01/40


Utilities - 2.2%

 

2,185

Camden County Pollution Control Financing Authority, New Jersey, Solid Waste Disposal and Resource

12/04 at 100.00

B2

2,184,104

   Recovery System Revenue Bonds, Series 1991B, 7.500%, 12/01/09 (Alternative Minimum Tax)


Water and Sewer - 21.3%

 

4,635

New Jersey Economic Development Authority, Water Facilities Revenue Bonds, American Water Company,

5/08 at 102.00

Aaa

4,798,198

   Series 1997B, 5.375%, 5/01/32 (Alternative Minimum Tax) - FGIC Insured

 

7,000

New Jersey Economic Development Authority, Water Facilities Revenue Bonds, Middlesex Water Company,

2/08 at 102.00

AAA

7,207,760

   Series 1998, 5.350%, 2/01/38 (Alternative Minimum Tax) - MBIA Insured

 

2,775

New Jersey Environmental Infrastructure Trust, Environmental Infrastructure Bonds, Series 1998A,

9/08 at 101.00

AAA

2,853,144

   4.500%, 9/01/18

 

15,840

North Hudson Sewer Authority, New Jersey, Sewer Revenue Refunding Bonds, Series 2001A, 0.000%,

No Opt. Call

Aaa

6,393,499

   8/01/23 - MBIA Insured


$

146,770

Total Long-Term Investments (cost $138,896,810) - 145.8%

145,568,247



Short-Term Investments - 1.8%

 

1,750

New Jersey Economic Development Authority, Dock Facility Revenue Refunding Bonds,

VMIG-1

1,750,000

   Bayonne/IMTT-Bayonne Project, Series 1993B, Variable Rate Demand Obligations, 1.750%, 12/01/27†


$

1,750

Total Short-Term Investments (cost $1,750,000)

1,750,000



Total Investments (cost $140,646,810) - 147.6%

147,318,247


Other Assets Less Liabilities - 0.5%

496,657


Preferred Shares, at Liquidation Value - (48.1)%

(48,000,000)


Net Assets Applicable to Common Shares - 100%

$99,814,904


  

Forward Swap Transactions outstanding at September 30, 2004:

Swap

Unrealized

Notional

Effective

Termination

Appreciation

Amount

Date(2)

Date

(Depreciation)


Agreement with Morgan Stanley dated August 4, 2004,

to pay semi-annually the notional amount multiplied by

5.660% (annualized) and receive quarterly the notional

amount multiplied by the three-month USD-LIBOR

(United States Dollar - London Inter-Bank Offered Rates).

$2,100,000

2/16/05

2/16/35

$(110,797)

Agreement with Morgan Stanley dated August 5, 2004,

to pay quarterly the notional amount multiplied

by 4.337% (annualized) and receive quarterly

the notional amount multiplied by the daily arithmetic

average of the weekly BMA (Bond Market Association)

Municipal Swap Index for the quarter.

1,100,000

12/09/04

12/09/24

(32,937)

Agreement with Morgan Stanley dated August 10, 2004,

to pay semi-annually the notional amount multiplied by

5.489% (annualized) and receive quarterly the notional

amount multiplied by the three-month USD-LIBOR

(United States Dollar - London Inter-Bank Offered Rates).

1,400,000

1/14/05

1/14/35

(41,478)


$(185,212)


(1)  

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

Common shares.

(2)  

Effective date represents the date on which both the Fund and counterparty commence interest payment

accruals on each forward swap contract.

*  

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.

†  

Security has a maturity of more than one year, but has variable rate and demand features which qualify it as

a short-term security. The rate disclosed is that currently in effect. This rate changes periodically based on

market conditions or a specified market index.

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 September 30, 2004, the cost of investments was $140,615,179.

Gross unrealized appreciation and gross unrealized depreciation of investments at September 30, 2004,

were as follows:


Gross unrealized:

   Appreciation

$7,212,130

   Depreciation

(509,062)


Net unrealized appreciation of investments

$6,703,068


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 New Jersey Dividend Advantage Municipal Fund        

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

Date         11/29/04        

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         11/29/04        

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

Date         11/29/04        

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