Unassociated Document



 
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 811-6385
 
Nuveen Ohio Quality Income Municipal Fund, Inc.
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        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:            2/28          
 
Date of reporting period:         11/30/10         
 
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 Ohio Quality Income Municipal Fund, Inc. (NUO)
      
   
  November 30, 2010
      
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Staples – 7.3% (5.2% of Total Investments)
      
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
      
   
Bonds, Senior Lien, Series 2007A-2:
      
$    11,230
  
5.875%, 6/01/30
6/17 at 100.00
Baa3
$    8,728,067
1,650
  
5.750%, 6/01/34
6/17 at 100.00
Baa3
1,212,684
1,955
  
5.875%, 6/01/47
6/17 at 100.00
Baa3
1,378,549
115
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,
5/12 at 100.00
BBB
111,570
   
Series 2002, 5.375%, 5/15/33
      
14,950
  
Total Consumer Staples
    
11,430,870
   
Education and Civic Organizations – 12.3% (8.7% of Total Investments)
      
1,650
  
Ohio Higher Education Facilities Commission, General Revenue Bonds, Kenyon College, Series
7/16 at 100.00
A+
1,622,000
   
2006, 5.000%, 7/01/41
      
1,750
  
Ohio Higher Education Facilities Commission, General Revenue Bonds, Oberlin College, Series
10/13 at 100.00
AA
1,870,593
   
2003, 5.125%, 10/01/24
      
1,000
  
Ohio Higher Education Facilities Commission, Revenue Bonds, Wittenberg University, Series
12/15 at 100.00
Baa2
893,780
   
2005, 5.000%, 12/01/29
      
2,420
  
Ohio Higher Educational Facilities Commission, General Revenue Bonds, University of Dayton,
12/16 at 100.00
A
2,458,841
   
2006 Project, Series 2006, 5.000%, 12/01/30 – AMBAC Insured
      
1,415
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, Denison University, Series 2004,
11/14 at 100.00
AA
1,491,962
   
5.000%, 11/01/21
      
1,320
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University of Dayton, Series
12/14 at 100.00
A
1,353,158
   
2004, 5.000%, 12/01/25 – AMBAC Insured
      
1,000
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, Wittenberg University, Series
12/11 at 100.00
Baa2
1,017,760
   
2001, 5.500%, 12/01/15
      
1,500
  
Ohio State Higher Education Facilities, Revenue Bonds, Case Western Reserve University, Series
12/16 at 100.00
AA–
1,460,535
   
2006, 5.000%, 12/01/44 – NPFG Insured
      
550
  
Ohio State University, General Receipts Bonds, Series 2003B, 5.250%, 6/01/22
6/13 at 100.00
Aa1
594,572
1,510
  
University of Akron, Ohio, General Receipts Bonds, Series 2003A, 5.000%, 1/01/21 –
1/13 at 100.00
A1
1,546,874
   
AMBAC Insured
      
850
  
University of Cincinnati, Ohio, General Receipts Bonds, Series 2003C, 5.000%, 6/01/22 –
6/13 at 100.00
A+
865,487
   
FGIC Insured
      
   
University of Cincinnati, Ohio, General Receipts Bonds, Series 2004D:
      
1,200
  
5.000%, 6/01/19 – AMBAC Insured
6/14 at 100.00
A+
1,293,324
2,605
  
5.000%, 6/01/25 – AMBAC Insured
6/14 at 100.00
A+
2,635,843
18,770
  
Total Education and Civic Organizations
    
19,104,729
   
Health Care – 24.0% (17.0% of Total Investments)
      
2,000
  
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue
5/11 at 100.00
Baa1
1,979,640
   
Bonds, Summa Health System, Series 1998A, 5.375%, 11/15/24
      
3,000
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010,
11/20 at 100.00
BBB+
2,804,280
   
5.500%, 11/01/40
      
3,405
  
Butler County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children’s Medical Center
5/16 at 100.00
N/R
3,345,004
   
Project, Series 2006K, 5.000%, 5/15/31 – FGIC Insured
      
1,000
  
Cuyahoga County, Ohio, Hospital Revenue Refunding and Improvement Bonds, MetroHealth System,
2/11 at 100.00
A
1,001,530
   
Series 1997, 5.625%, 2/15/17 – NPFG Insured
      
2,000
  
Cuyahoga County, Ohio, Revenue Refunding Bonds, Cleveland Clinic Health System, Series 2003A,
7/13 at 100.00
Aa2
2,104,760
   
6.000%, 1/01/32
      
1,000
  
Erie County, Ohio, Hospital Facilities Revenue Bonds, Firelands Regional Medical Center,
8/12 at 101.00
A–
990,630
   
Series 2002A, 5.625%, 8/15/32
      
180
  
Franklin County, Ohio, Hospital Revenue Bonds, Holy Cross Health System Corporation, Series
12/10 at 100.00
AA
180,052
   
1998, 5.000%, 6/01/28 – NPFG Insured
      
   
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project,
      
   
Improvement Series 2009:
      
250
  
5.000%, 11/01/34
11/19 at 100.00
Aa2
249,643
300
  
5.250%, 11/01/40
11/19 at 100.00
Aa2
303,822
1,200
  
Franklin County, Ohio, Hospital Revenue Bonds, Nationwide Children’s Hospital Project, Series
11/18 at 100.00
Aa2
1,187,088
   
2005, 5.000%, 11/01/40
      
2,455
  
Hamilton County, Ohio, Revenue Bonds, Children’s Hospital Medical Center, Series 2004J,
5/14 at 100.00
A
2,617,251
   
5.250%, 5/15/16 – FGIC Insured
      
1,000
  
Lorain County, Ohio, Hospital Revenue Refunding and Improvement Bonds, Catholic Healthcare
10/12 at 100.00
AA–
1,005,560
   
Partners, Refunding Series 2002, 5.375%, 10/01/30
      
   
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 1999:
      
2,075
  
5.375%, 11/15/29 – AMBAC Insured
5/11 at 100.50
N/R
2,079,835
140
  
5.375%, 11/15/39 – AMBAC Insured
5/11 at 100.50
N/R
140,055
   
Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group,
      
   
Series 2008D:
      
50
  
5.000%, 11/15/38
11/18 at 100.00
AA–
50,032
40
  
5.125%, 11/15/40
11/18 at 100.00
AA–
40,298
785
  
Miami County, Ohio, Hospital Facilities Revenue Refunding Bonds, Upper Valley Medical Center
5/16 at 100.00
A–
810,897
   
Inc., Series 2006, 5.250%, 5/15/21
      
   
Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Series 2004A:
      
1,500
  
5.000%, 5/01/30
5/14 at 100.00
AA
1,526,325
2,500
  
5.000%, 5/01/32
No Opt. Call
AA
2,536,750
1,350
  
Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2009A, 6.250%, 11/15/39
11/14 at 100.00
Aa3
1,405,472
95
  
Ohio Higher Educational Facilities Commission, Revenue Bonds, University Hospitals Health
No Opt. Call
AA+
97,316
   
System Inc., Series 2007A, 5.250%, 1/15/46 – BHAC Insured
      
   
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Cleveland Clinic
      
   
Health System Obligated Group, Series 2008A:
      
1,315
  
5.000%, 1/01/25
1/18 at 100.00
Aa2
1,375,569
50
  
5.250%, 1/01/33
1/18 at 100.00
Aa2
51,397
1,200
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, Summa Health
5/20 at 100.00
AA+
1,194,228
   
System Project, Series 2010, 5.250%, 11/15/40 – AGM Insured
      
1,500
  
Ohio State Higher Educational Facilities Commission, Hospital Revenue Bonds, University
1/15 at 100.00
A
1,576,125
   
Hospitals Health System, Series 2009, 6.750%, 1/15/39
      
1,000
  
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
1/19 at 100.00
Aa2
1,045,050
   
Obligated Group, Series 2009A, 5.500%, 1/01/39
      
2,700
  
Ohio State, Hospital Facility Revenue Refunding Bonds, Cleveland Clinic Health System
1/19 at 100.00
Aa2
3,186,540
   
Obligated Group, Tender Option Bond Trust 3551, 19.585%, 1/01/33 (IF)
      
830
  
Richland County, Ohio, Hospital Facilities Revenue Improvement Bonds, MedCentral Health System
11/12 at 100.00
A–
838,806
   
Obligated Group, Series 2000B, 6.375%, 11/15/30
      
1,200
  
Richland County, Ohio, Hospital Revenue Bonds, MidCentral Health System Group, Series 2006,
11/16 at 100.00
A–
1,135,008
   
5.250%, 11/15/36
      
600
  
Ross County, Ohio, Hospital Revenue Refunding Bonds, Adena Health System Series 2008,
12/18 at 100.00
A
608,832
   
5.750%, 12/01/35
      
36,720
  
Total Health Care
    
37,467,795
   
Housing/Multifamily – 6.3% (4.4% of Total Investments)
      
1,385
  
Clermont County, Ohio, GNMA Collateralized Mortgage Revenue Bonds, S.E.M. Villa II Project,
2/11 at 100.00
Aaa
1,386,150
   
Series 1994A, 5.950%, 2/20/30
      
   
Cuyahoga County, Ohio, GNMA Collateralized Multifamily Housing Mortgage Revenue Bonds,
      
   
Longwood Phase One Associates LP, Series 2001A:
      
2,475
  
5.350%, 1/20/21 (Alternative Minimum Tax)
7/11 at 102.00
Aaa
2,529,747
2,250
  
5.450%, 1/20/31 (Alternative Minimum Tax)
7/11 at 102.00
Aaa
2,265,210
985
  
Franklin County, Ohio, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Hamilton Creek
1/11 at 100.00
Aa2
985,552
   
Apartments Project, Series 1994A, 5.550%, 7/01/24 (Alternative Minimum Tax)
      
800
  
Montgomery County, Ohio, GNMA Guaranteed Multifamily Housing Revenue Bonds, Canterbury Court
10/18 at 101.00
Aaa
818,944
   
Project, Series 2007, 5.500%, 10/20/42 (Alternative Minimum Tax)
      
755
  
Ohio Housing Finance Agency, FHA-Insured Multifamily Housing Mortgage Revenue Bonds, Madonna
6/16 at 102.00
AAA
750,357
   
Homes, Series 2006M, 4.900%, 6/20/48 (Alternative Minimum Tax)
      
1,100
  
Summit County Port Authority, Ohio, Multifamily Housing Revenue Bonds, Callis Tower Apartments
9/17 at 102.00
AAA
1,051,523
   
Project, Series 2007, 5.250%, 9/20/47 (Alternative Minimum Tax)
      
9,750
  
Total Housing/Multifamily
    
9,787,483
   
Housing/Single Family – 0.9% (0.6% of Total Investments)
      
1,415
  
Ohio Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2006H, 5.000%,
9/15 at 100.00
Aaa
1,393,336
   
9/01/31 (Alternative Minimum Tax)
      
   
Industrials – 1.2% (0.8% of Total Investments)
      
755
  
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Bond Fund Program –
11/15 at 100.00
BBB–
675,642
   
Columbia National Group Project, Series 2005D, 5.000%, 5/15/20 (Alternative Minimum Tax)
      
1,175
  
Cleveland-Cuyahoga County Port Authority, Ohio, Development Revenue Bonds, Jergens Inc.,
5/11 at 100.00
BBB–
1,123,512
   
Series 1998A, 5.375%, 5/15/18 (Alternative Minimum Tax)
      
1,930
  
Total Industrials
    
1,799,154
   
Long-Term Care – 1.0% (0.7% of Total Investments)
      
490
  
Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement
7/21 at 100.00
BBB
486,957
   
Services, Improvement Series 2010A, 5.625%, 7/01/26
      
1,165
  
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,
4/20 at 100.00
BBB–
1,133,324
   
Refunding & improvement Series 2010, 6.625%, 4/01/40
      
1,655
  
Total Long-Term Care
    
1,620,281
   
Materials – 1.4% (1.0% of Total Investments)
      
2,000
  
Toledo-Lucas County Port Authority, Ohio, Port Revenue Bonds, Cargill Inc., Series 2004B,
No Opt. Call
A
2,140,320
   
4.500%, 12/01/15
      
   
Tax Obligation/General – 37.1% (26.2% of Total Investments)
      
   
Butler County, Ohio, General Obligation Bonds, Series 2002:
      
1,345
  
5.000%, 12/01/21 – NPFG Insured
12/12 at 100.00
Aa1
1,469,641
1,200
  
5.000%, 12/01/22 – NPFG Insured
12/12 at 101.00
Aa1
1,282,668
1,500
  
Centerville City School District, Montgomery County, Ohio, General Obligation Bonds, Series
6/15 at 100.00
Aa1
1,552,185
   
2005, 5.000%, 12/01/30 – AGM Insured
      
1,000
  
Central Ohio Solid Waste Authority, General Obligation Bonds, Series 2004A, 5.000%,
6/14 at 100.00
AAA
1,112,120
   
12/01/15 – AMBAC Insured
      
1,000
  
Cleveland Municipal School District, Cuyahoga County, Ohio, General Obligation Bonds, Series
6/14 at 100.00
AA+
1,034,760
   
2004, 5.000%, 12/01/22 – AGM Insured
      
3,000
  
Columbus City School District, Franklin County, Ohio, General Obligation Bonds, Series 2006,
No Opt. Call
AA+
1,244,850
   
0.000%, 12/01/28 – AGM Insured
      
1,200
  
Cuyahoga County, Ohio, General Obligation Bonds, Series 2004, 5.000%, 12/01/21
12/14 at 100.00
AA+
1,300,728
1,000
  
Dayton, Ohio, General Obligation Bonds, Series 2004, 5.250%, 12/01/19 – AMBAC Insured
6/14 at 100.00
Aa2
1,100,860
1,000
  
Dublin City School District, Franklin, Delaware and Union Counties, Ohio, General Obligation
12/13 at 100.00
AAA
1,073,750
   
Bonds, Series 2003, 5.000%, 12/01/22 – AGM Insured
      
1,195
  
Fairview Park City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series
6/15 at 100.00
Aa3
1,247,293
   
2005, 5.000%, 12/01/24 – NPFG Insured
      
1,840
  
Franklin County, Ohio, General Obligation Bonds, Series 2007, 5.000%, 12/01/28
12/17 at 100.00
AAA
1,970,548
1,500
  
Green, Ohio, General Obligation Bonds, Series 2008, 5.500%, 12/01/32
12/15 at 100.00
AA
1,565,505
1,355
  
Grove City, Ohio, General Obligation Bonds, Construction & Improvement Series 2009, 5.125%,
No Opt. Call
Aa1
1,408,468
   
12/01/36
      
7,020
  
Hamilton City School District, Ohio, General Obligation Bonds, Series 2007, 5.000%,
6/17 at 100.00
AA+
7,087,882
   
12/01/34 – AGM Insured
      
1,850
  
Hilliard School District, Franklin County, Ohio, General Obligation Bonds, School
12/15 at 100.00
Aa1
1,891,181
   
Construction, Series 2005, 5.000%, 12/01/26 – NPFG Insured
      
3,000
  
Hilliard School District, Franklin County, Ohio, General Obligation Bonds, Series 2006A,
12/16 at 100.00
Aa1
3,174,270
   
5.000%, 12/01/25 – NPFG Insured
      
2,580
  
Indian Lake Local School District, Logan and Auglaize Counties, Ohio, School Facilities
6/17 at 100.00
Aa3
2,604,226
   
Improvement and Refunding Bonds, Series 2007, 5.000%, 12/01/34 – NPFG Insured
      
1,160
  
Kenston Local School District, Geauga County, Ohio, General Obligation Bonds, Series 2003,
6/13 at 100.00
Aa2
1,239,750
   
5.000%, 12/01/22 – NPFG Insured
      
800
  
Lakewood City School District, Cuyahoga County, Ohio, General Obligation Bonds, Series 2007,
12/17 at 100.00
Aa2
848,688
   
5.000%, 12/01/25 – FGIC Insured
      
2,000
  
Louisville City School District, Ohio, General Obligation Bonds, Series 2001, 5.000%,
12/11 at 100.00
A1
2,000,760
   
12/01/29 – FGIC Insured
      
1,585
  
Lucas County, Ohio, General Obligation Bonds, Various Purpose Series 2010, 5.000%, 10/01/40
10/18 at 100.00
Aa2
1,600,755
505
  
Marysville Exempted School District, Union County, Ohio, General Obligation Bonds, Series
12/15 at 100.00
AA+
526,412
   
2006, 5.000%, 12/01/25 – AGM Insured
      
500
  
Mason City School District, Counties of Warren and Butler, Ohio, General Obligation Bonds,
6/17 at 100.00
Aaa
521,835
   
Series 2007, 5.000%, 12/01/31
      
1,515
  
Massillon City School District, Ohio, General Obligation Bonds, Series 2003, 5.250%,
12/12 at 100.00
Baa1
1,556,602
   
12/01/21 – NPFG Insured
      
1,350
  
Milford Exempted Village School District, Ohio, General Obligation Bonds, Series 2008,
12/18 at 100.00
Aa3
1,366,268
   
5.250%, 12/01/36
      
640
  
New Albany Plain Local School District, Franklin County, Ohio, General Obligation Bonds,
6/12 at 100.00
Aa1
675,686
   
Series 2002, 5.500%, 12/01/17 – FGIC Insured
      
1,000
  
Newark City School District, Licking County, Ohio, General Obligation Bonds, Series 2005,
12/15 at 100.00
A1
1,020,830
   
5.000%, 12/01/28 – FGIC Insured
      
1,000
  
Northmor Local School District, Morrow County, Ohio, General Obligation School Facilities
11/18 at 100.00
Aa2
1,014,650
   
Construction and Improvement Bonds, Series 2008, 5.000%, 11/01/36
      
3,000
  
Ohio, General Obligation Bonds, Infrastructure Improvements, Series 2003F, 5.000%, 2/01/23
2/13 at 100.00
AA+
3,095,760
500
  
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation
6/18 at 100.00
AA+
513,365
   
Bonds, Series 2008, 5.000%, 12/01/36
      
1,510
  
Painesville City School District, Ohio, General Obligation Bonds, Series 2004, 5.000%,
12/14 at 100.00
A1
1,607,153
   
12/01/22 – FGIC Insured
      
280
  
Plain Local School District, Franklin and Licking Counties, Ohio, General Obligation Bonds,
6/11 at 100.00
Aa1
286,871
   
Series 2000, 6.000%, 12/01/20 – FGIC Insured
      
2,000
  
Strongsville, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/21 – FGIC Insured
12/11 at 100.00
Aaa
2,073,600
70
  
Strongsville, Ohio, Limited Tax General Obligation Various Purpose Improvement Bonds, Series
2/11 at 100.00
Aaa
70,288
   
1996, 5.950%, 12/01/21
      
100
  
Sylvania City School District, Ohio, General Obligation School Improvement Bonds, Series 1995,
6/17 at 100.00
AA+
102,628
   
5.250%, 12/01/36 – AGC Insured
      
650
  
Vandalia Butler City School District, Montgomery County, Ohio, General Obligation Bonds,
No Opt. Call
AA
663,468
   
School Improvment Series 2009, 5.125%, 12/01/37
      
   
Warren City School District, Trumbull County, Ohio, General Obligation Bonds, Series 2004:
      
2,515
  
5.000%, 12/01/20 – FGIC Insured
6/14 at 100.00
AA
2,696,734
1,170
  
5.000%, 12/01/22 – FGIC Insured
6/14 at 100.00
AA
1,233,859
1,000
  
West Chester Township, Butler County, Ohio, General Obligation Bonds, Series 2003, 5.000%,
12/13 at 100.00
Aaa
1,023,570
   
12/01/28 – NPFG Insured
      
57,435
  
Total Tax Obligation/General
    
57,860,467
   
Tax Obligation/Limited – 14.2% (10.0% of Total Investments)
      
1,380
  
Columbus, Ohio, Tax Increment Financing Bonds, Easton Project, Series 2004A, 5.000%,
6/14 at 100.00
BBB+
1,400,120
   
12/01/25 – AMBAC Insured
      
3,000
  
Franklin County, Ohio, Excise Tax and Lease Revenue Anticipation Bonds, Convention Facilities
12/15 at 100.00
Aaa
3,129,960
   
Authority, Series 2005, 5.000%, 12/01/27 – AMBAC Insured
      
1,085
  
Hamilton County Convention Facilities Authority, Ohio, First Lien Revenue Bonds, Series 2004,
6/14 at 100.00
A+
1,179,992
   
5.000%, 12/01/18 – FGIC Insured
      
4,600
  
Hamilton County, Ohio, Sales Tax Bonds, Subordinate Lien, Series 2006, 5.000%, 12/01/32 –
12/16 at 100.00
A1
4,545,581
   
AMBAC Insured
      
1,000
  
Hudson City School District, Ohio, Certificates of Participation, Series 2004, 5.000%,
6/14 at 100.00
Aa3
1,013,770
   
6/01/26 – NPFG Insured
      
   
New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds,
      
   
Series 2001B:
      
1,000
  
5.500%, 10/01/15 – AMBAC Insured
4/12 at 100.00
A1
1,032,920
1,000
  
5.500%, 10/01/17 – AMBAC Insured
4/12 at 100.00
A1
1,024,610
800
  
Ohio State Building Authority, State Facilities Bonds, Administrative Building Fund Projects,
4/15 at 100.00
AA+
836,800
   
Series 2005A, 5.000%, 4/01/25 – AGM Insured
      
1,000
  
Ohio, State Appropriation Lease Bonds, Mental Health Capital Facilities, Series 2003B-II,
6/13 at 100.00
AA
1,084,040
   
5.000%, 6/01/16
      
23,215
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
No Opt. Call
A+
5,202,248
   
2009A, 0.000%, 8/01/34
      
7,875
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2010A,
No Opt. Call
A+
1,644,851
   
0.000%, 8/01/35
      
45,955
  
Total Tax Obligation/Limited
    
22,094,892
   
Transportation – 3.4% (2.4% of Total Investments)
      
3,050
  
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2003C,
12/13 at 100.00
A–
2,977,075
   
5.250%, 12/01/23 – RAAI Insured (Alternative Minimum Tax)
      
2,000
  
Ohio Turnpike Commission, Revenue Refunding Bonds, Series 1998A, 5.500%, 2/15/18 –
No Opt. Call
AA
2,380,660
   
FGIC Insured
      
5,050
  
Total Transportation
    
5,357,735
   
U.S. Guaranteed – 22.9% (16.2% of Total Investments) (4)
      
2,030
  
Butler County, Ohio, General Obligation Judgment Bonds, Series 2002, 5.250%, 12/01/21
12/12 at 101.00
Aa1 (4)
2,235,030
   
(Pre-refunded 12/01/12)
      
2,600
  
Cincinnati City School District, Hamilton County, Ohio, General Obligation Bonds, Series 2002,
12/12 at 100.00
AA+ (4)
2,836,938
   
5.250%, 6/01/21 (Pre-refunded 12/01/12) – AGM Insured
      
1,000
  
Dayton, Ohio, Airport Revenue Bonds, James M. Cox International Airport, Series 2005B,
No Opt. Call
A– (4)
1,152,990
   
5.000%, 12/01/14 – SYNCORA GTY Insured (ETM)
      
2,000
  
Garfield Heights City School District, Cuyahoga County, Ohio, General Obligation School
12/11 at 100.00
N/R (4)
2,098,100
   
Improvement Bonds, Series 2001, 5.000%, 12/15/26 (Pre-refunded 12/15/11) – NPFG Insured
      
2,000
  
Lakota Local School District, Butler County, Ohio, Unlimited Tax General Obligation School
6/11 at 100.00
Aaa
2,048,640
   
Improvement and Refunding Bonds, Series 2001, 5.125%, 12/01/26 (Pre-refunded
      
   
6/01/11) – FGIC Insured
      
760
  
Middletown City School District, Butler County, Ohio, General Obligation Bonds, Series 2004,
12/13 at 100.00
N/R (4)
850,714
   
5.000%, 12/01/25 (Pre-refunded 12/01/13) – FGIC Insured
      
460
  
New Albany Plain Local School District, Franklin County, Ohio, General Obligation Bonds,
6/12 at 100.00
Aa1 (4)
494,307
   
Series 2002, 5.500%, 12/01/17 (Pre-refunded 6/01/12) – FGIC Insured
      
2,645
  
Ohio State Building Authority, State Facilities Bonds, Adult Correctional Building Fund
4/14 at 100.00
AA (4)
3,015,697
   
Project, Series 2004A, 5.250%, 4/01/15 (Pre-refunded 4/01/14) – NPFG Insured
      
1,200
  
Ohio State University, General Receipts Bonds, Series 2002A, 5.125%, 12/01/31
12/12 at 100.00
Aa1 (4)
1,307,388
   
(Pre-refunded 12/01/12)
      
2,450
  
Ohio State University, General Receipts Bonds, Series 2003B, 5.250%, 6/01/22
6/13 at 100.00
  
2,716,511
   
(Pre-refunded 6/01/13)
      
525
  
Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, State Match,
6/18 at 100.00
AAA
620,387
   
Series 2008, 5.000%, 6/01/28 (Pre-refunded 6/01/18) – AGM Insured
      
1,225
  
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Water
6/15 at 100.00
AAA
1,424,357
   
Quality Project, Series 2005B, 5.000%, 6/01/25 (Pre-refunded 6/01/15)
      
   
Olentangy Local School District, Delaware and Franklin Counties, Ohio, General Obligation
      
   
Bonds, Series 2004A:
      
1,315
  
5.250%, 12/01/23 (Pre-refunded 6/01/14) – FGIC Insured
6/14 at 100.00
AA+ (4)
1,504,307
3,380
  
5.250%, 12/01/24 (Pre-refunded 6/01/14) – FGIC Insured
6/14 at 100.00
AA+ (4)
3,866,585
1,445
  
Portage County, Ohio, General Obligation Bonds, Series 2001, 5.000%, 12/01/27 (Pre-refunded
12/11 at 100.00
AA (4)
1,512,828
   
12/01/11) – FGIC Insured
      
1,000
  
Princeton City School District, Butler County, Ohio, General Obligation Bonds, Series 2003,
12/13 at 100.00
AAA
1,125,070
   
5.000%, 12/01/30 (Pre-refunded 12/01/13) – NPFG Insured
      
2,830
  
Springfield Township, Hamilton County, Ohio, Various Purpose Limited Tax General Obligation
12/11 at 100.00
Aa2 (4)
2,970,793
   
Bonds, Series 2002, 5.250%, 12/01/27 (Pre-refunded 12/01/11)
      
1,705
  
Tuscarawas County, Ohio, Hospital Facilities Revenue Bonds, Union Hospital Project, Series
10/11 at 101.00
N/R (4)
1,791,580
   
2001, 5.750%, 10/01/21 (Pre-refunded 10/01/11) – RAAI Insured
      
2,000
  
Westerville City School District, Franklin and Delaware Counties, Ohio, Various Purpose
6/11 at 100.00
AA– (4)
2,047,380
   
General Obligation Bonds, Series 2001, 5.000%, 12/01/27 (Pre-refunded 6/01/11) – NPFG Insured
      
32,570
  
Total U.S. Guaranteed
    
35,619,602
   
Utilities – 7.3% (5.2% of Total Investments)
      
2,500
  
American Municipal Power Ohio Inc., General Revenue Bonds, Prairie State Energy Campus Project
2/18 at 100.00
A1
2,522,175
   
Series 2008A, 5.250%, 2/15/43
      
4,000
  
American Municipal Power Ohio Inc., Wadsworth, Electric System Improvement Revenue Bonds,
2/12 at 100.00
A2
4,052,879
   
Series 2002, 5.000%, 2/15/22 – NPFG Insured
      
   
Cleveland, Ohio, Public Power System Revenue Bonds, Series 2008B:
      
2,105
  
0.000%, 11/15/32 – NPFG Insured
No Opt. Call
A–
622,512
2,155
  
0.000%, 11/15/34 – NPFG Insured
No Opt. Call
A–
556,960
1,250
  
Ohio Air Quality Development Authority, Revenue Refunding Bonds, Ohio Power Company Project,
5/11 at 100.00
Baa1
1,249,913
   
Series 1999C, 5.150%, 5/01/26 – AMBAC Insured
      
800
  
Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville
No Opt. Call
A1
299,992
   
Hydroelectric Project – Joint Venture 5, Series 2001, 0.000%, 2/15/29 – NPFG Insured
      
2,000
  
Ohio Municipal Electric Generation Agency, Beneficial Interest Certificates, Belleville
2/14 at 100.00
A1
2,097,640
   
Hydroelectric Project – Joint Venture 5, Series 2004, 5.000%, 2/15/20 – AMBAC Insured
      
14,810
  
Total Utilities
    
11,402,071
   
Water and Sewer – 2.2% (1.6% of Total Investments)
      
430
  
City of Marysville, Ohio, Water System Mortgage Revenue Bonds, Series 2007, 5.000%,
12/17 at 100.00
A1
431,509
   
12/01/32 – AMBAC Insured
      
1,000
  
Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series
No Opt. Call
Aa1
1,152,160
   
1993G, 5.500%, 1/01/21 – NPFG Insured
      
40
  
Cleveland, Ohio, Waterworks First Mortgage Revenue Refunding and Improvement Bonds, Series
1/11 at 100.00
Aa1
40,126
   
1996H, 5.750%, 1/01/26 – NPFG Insured
      
1,220
  
Hamilton, Ohio, Wastewater System Revenue Bonds, Series 2005, 5.250%, 10/01/22 – AGM Insured
10/15 at 100.00
Aa3
1,295,640
200
  
Marysville, Ohio, Wastewater Treatment System Revenue Bonds, Series 2007, 5.000%, 12/01/37 –
12/17 at 100.00
A-
195,080
   
SYNCORA GTY Insured
      
275
  
Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Water
6/15 at 100.00
AAA
294,126
   
Quality Project, Series 2005B, 5.000%, 6/01/25
      
3,165
  
Total Water and Sewer
    
3,408,641
$ 246,175
  
Total Investments (cost $212,455,920) – 141.5%
    
220,487,376
   
Other Assets Less Liabilities – 5.3%
    
8,362,398
   
Preferred Shares, at Liquidation Value – (46.8)% (5)
    
(73,000,000)
   
Net Assets Applicable to Common Shares – 100%
    
$ 155,849,774
 

 
 
Fair Value Measurements
 
 
In determining the fair value of the Fund’s investments, various inputs are used. These inputs are summarized in the three broad levels listed below:
 
 
Level 1 – Quoted prices in active markets for identical securities.
 
 
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
 
Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
 
The inputs or methodologies used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of November 30, 2010:
 
         
 
Level 1
Level 2
Level 3
Total
Investments:
        
Municipal Bonds
$ —
$220,487,376
$ —
$220,487,376
 
 
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 taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
 
At November 30, 2010, the cost of investments was $212,266,024.
 
 
Gross unrealized appreciation and gross unrealized depreciation of investments at November 30, 2010, were as follows:
 
   
Gross unrealized:
  
Appreciation
$ 9,834,835
Depreciation
(1,613,483)
Net unrealized appreciation (depreciation) of investments
$ 8,221,352
 
     
(1)
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common
   
shares unless otherwise noted.
(2)
  
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. Certain mortgage-backed securities
   
may be subject to periodic principal paydowns.
(3)
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investor Service,
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or
   
BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any
   
of these national rating agencies.
(4)
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
   
which ensure the timely payment of principal and interest. Such investments are normally considered to
   
be equivalent to AAA rated securities.
(5)
  
Preferred Shares, at Liquidation Value as a percentage of Total Investments is 33.1%.
N/R
  
Not rated.
(ETM)
  
Escrowed to maturity.
(IF)
  
Inverse floating rate investment.
 
 
 
 
 
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: See 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 Ohio Quality Income Municipal Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date         January 27, 2011        
 
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                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date         January 27, 2011        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         January 27, 2011