Renewal of Distribution Agreement
---------------------------------
Agreement made this 31st day of July, 2002 by and between Nuveen Multistate
Trust III (formerly Nuveen Flagship Multistate Trust III), a Massachusetts
business trust (the "Fund"), and Nuveen Investments, a Delaware corporation (the
"Underwriter");
WHEREAS, the parties hereto are the contracting parties under that certain
Distribution Agreement (the "Agreement") pursuant to which the Underwriter acts
as agent for the distribution of shares of the Fund; and
WHEREAS, the Agreement terminates August 1, 2002 unless continued in the manner
required by the Investment Company Act of 1940;
WHEREAS, the Board of Trustees of the Fund, at a meeting called for the purpose
of reviewing the Agreement has approved the Agreement and its continuance until
August 1, 2003 in the manner required by the Investment Company Act of 1940;
NOW THEREFORE, in consideration of the mutual covenants contained in the
Agreement the parties hereto do hereby continue the Agreement in effect until
August 1, 2003 and ratify and confirm the Agreement in all respects.
NUVEEN MULTISTATE TRUST III
By: /s/ Xxxxxxx X. Xxxxxxxxx
--------------------------------
Vice President
ATTEST:
/s/ Xxxxxxxx X. X'Xxxx
------------------------------------
Assistant Secretary
NUVEEN INVESTMENTS
By: /s/ Xxxxx X. Xxxxxx
--------------------------------
Vice President
ATTEST:
/s/ Xxxxxxx X. Xxxxxxx
------------------------------------
Assistant Secretary
