QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number         811-7614         

        Nuveen Georgia Premium Income Municipal Fund         
(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:             5/31          

Date of reporting period:          8/31/07         

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 Georgia Premium Income Municipal Fund (NPG)
		August 31, 2007
Principal				Optional Call
Amount (000)		Description (1)		Provisions (2)		Ratings (3)		Value
		Consumer Staples – 1.8% (1.2% of Total Investments)
$          1,000		Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,		5/12 at 100.00		BBB	$	967,170
		Series 2002, 5.500%, 5/15/39
		Education and Civic Organizations – 14.3% (9.8% of Total Investments)
1,000		Athens-Clarke County Unified Government Development Authority, Georgia, Educational Facilities		12/12 at 100.00		AAA		1,055,480
		Revenue Bonds, UGAREF CCRC Building LLC Project, Series 2002, 5.000%, 12/15/16 – AMBAC Insured
1,550		Bulloch County Development Authority, Georgia, Student Housing and Athletic Facility Lease		8/14 at 100.00		Aaa		1,624,478
		Revenue Bonds, Georgia Southern University, Series 2004, 5.250%, 8/01/21 – XLCA Insured
700		Carrollton Payroll Development Authority, Georgia, Student Housing Revenue Bonds, University		9/14 at 100.00		Aaa		720,608
		of West Georgia, Series 2004A, 5.000%, 9/01/21 – XLCA Insured
1,535		Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Molecular Science		5/14 at 100.00		AAA		1,655,344
		Building, Series 2004, 5.250%, 5/01/15 – MBIA Insured
1,180		Savannah Economic Development Authority, Georgia, Revenue Bonds, Armstrong Atlantic State		7/15 at 100.00		AAA		1,207,175
		University, Compass Point LLC Project, Series 2005, 5.000%, 7/01/25 – XLCA Insured
1,500		Savannah Economic Development Authority, Georgia, Revenue Bonds, Armstrong Center LLC, Series		12/15 at 100.00		AAA		1,523,700
		2005A, 5.000%, 12/01/34 – XLCA Insured
7,465		Total Education and Civic Organizations						7,786,785
		Health Care – 25.3% (17.2% of Total Investments)
2,300		Chatham County Hospital Authority, Savannah, Georgia, Hospital Revenue Improvement Bonds,		7/11 at 101.00		BBB+		2,383,743
		Memorial Health University Medical Center Inc., Series 2001A, 6.125%, 1/01/24
500		Clark County Hospital Authority, Georgia, Hospital Revenue Bonds, Athens Regional Medical		1/17 at 100.00		AAA		511,005
		Center, Series 2007, 5.000%, 1/01/27 – MBIA Insured
2,000		Clarke County Hospital Authority, Georgia, Hospital Revenue Certificates, Athens Regional		1/12 at 101.00		AAA		2,026,840
		Medical Center, Series 2002, 5.125%, 1/01/32 – MBIA Insured
900		Coffee County Hospital Authority, Georgia, Revenue Bonds, Coffee County Regional Medical		12/14 at 100.00		BBB+		895,725
		Center, Series 2004, 5.250%, 12/01/22
3,000		Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical		7/12 at 101.00		Aaa		3,068,130
		Center Project, Series 2002, 5.200%, 7/01/32 – MBIA Insured
1,090		Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical		7/13 at 101.00		Aaa		1,126,668
		Center, Series 2003, 5.000%, 7/01/19 – MBIA Insured
1,060		Henry County Hospital Authority, Georgia, Revenue Certificates, Henry Medical Center, Series		7/14 at 101.00		Aaa		1,096,263
		2004, 5.000%, 7/01/20 – MBIA Insured
900		Houston County Hospital Authority, Georgia, Revenue Bonds, Houston Healthcare Project, Series		10/17 at 100.00		A2		904,509
		2007, 5.250%, 10/01/35
1,000		Savannah Hospital Authority, Georgia, Revenue Bonds, St. Joseph’s/Candler Health System,		1/14 at 100.00		AA		1,001,530
		Series 2003, 5.250%, 7/01/23 – RAAI Insured
750		Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia		10/17 at 100.00		A+		732,345
		Medical Center, Series 2007, 5.000%, 10/01/33
13,500		Total Health Care						13,746,758
		Housing/Single Family – 1.7% (1.1% of Total Investments)
900		Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2002B-2, 5.350%,		12/11 at 100.00		AAA		908,325
		12/01/22 (Alternative Minimum Tax)
		Industrials – 0.9% (0.6% of Total Investments)
500		Savannah Economic Development Authority, Georgia, Revenue Bonds, GTREP Project, Series 2002,		7/12 at 100.00		AAA		512,465
		5.000%, 7/01/22 – MBIA Insured
		Materials – 3.3% (2.3% of Total Investments)
750		Effingham County Industrial Development Authority, Georgia, Pollution Control Revenue		6/11 at 101.00		B2		759,503
		Refunding Bonds, Georgia-Pacific Project, Series 2001, 6.500%, 6/01/31
1,000		Richmond County Development Authority, Georgia, Environmental Improvement Revenue Bonds,		2/11 at 101.00		BBB		1,036,530
		International Paper Company, Series 2001A, 6.250%, 2/01/25 (Alternative Minimum Tax)
1,750		Total Materials						1,796,033
		Tax Obligation/General – 15.5% (10.6% of Total Investments)
2,215		Decatur, Georgia, General Obligation Bonds, Series 2007, 5.000%, 1/01/31 – FSA Insured		1/17 at 100.00		AAA		2,290,819
100		Georgia State, General Obligation Bonds, Series 2007, 5.000%, 8/01/24		8/17 at 100.00		AAA		105,146
1,000		Georgia, General Obligation Bonds, Series 2002D, 5.000%, 8/01/16		8/12 at 100.00		AAA		1,054,880
1,000		Georgia, General Obligation Bonds, Series 2005B, 5.000%, 7/01/15		No Opt. Call		AAA		1,077,430
2,500		Paulding County School District, Georgia, General Obligation Bonds, Series 2007,		2/17 at 100.00		AA+		2,568,900
		5.000%, 2/01/33
800		Puerto Rico, General Obligation and Public Improvement Bonds, Series 2004A, 5.250%, 7/01/22		7/14 at 100.00		BBB–		829,432
500		Wayne County Hospital Authority, Georgia, Hospital Revenue Bonds, Series 2006, 5.000%,		3/16 at 100.00		Aaa		512,350
		3/01/23 – XLCA Insured
8,115		Total Tax Obligation/General						8,438,957
		Tax Obligation/Limited – 30.8% (21.0% of Total Investments)
5,000		Atlanta and Fulton County Recreation Authority, Georgia, Guaranteed Revenue Bonds, Park		12/15 at 100.00		AAA		5,137,399
		Improvement, Series 2005A, 5.000%, 12/01/30 – MBIA Insured
420		Atlanta, Georgia, Tax Allocation Bonds Atlanta Station Project, Series 2007, 5.000%, 12/01/23 –		12/17 at 100.00		AAA		432,020
		AGC Insured
2,000		Cobb-Marietta Coliseum and Exhibit Hall Authority, Cobb County, Georgia, Revenue Bonds,		1/14 at 100.00		AAA		2,070,500
		Performing Arts Center, Series 2004, 5.000%, 1/01/22
3,475		Cobb-Marietta Coliseum and Exhibit Hall Authority, Georgia, Revenue Refunding Bonds, Series		10/19 at 100.00		AAA		3,888,629
		1993, 5.625%, 10/01/26 – MBIA Insured
2,600		Macon-Bibb County Urban Development Authority, Georgia, Revenue Refunding Bonds, Public		8/12 at 101.00		AA		2,786,784
		Facilities Projects, Series 2002A, 5.375%, 8/01/17
725		Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Bonds, Series 2007,		No Opt. Call		AAA		793,716
		5.250%, 7/01/32 – FGIC Insured
1,000		Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Refunding Bonds,		No Opt. Call		AAA		1,145,630
		Series 1992P, 6.250%, 7/01/20 – AMBAC Insured
500		Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005B,		7/15 at 100.00		BBB–		491,550
		5.000%, 7/01/41
15,720		Total Tax Obligation/Limited						16,746,228
		Transportation – 4.3% (2.9% of Total Investments)
2,290		Atlanta, Georgia, Airport General Revenue Bonds, Series 2004G, 5.000%, 1/01/26 – FSA Insured		1/15 at 100.00		AAA		2,334,197
		U.S. Guaranteed – 22.7% (15.5% of Total Investments) (4)
735		Coweta County Development Authority, Georgia, Revenue Bonds, Newnan Water and Sewer, and Light		1/13 at 100.00		Aaa		786,891
		Commission Project, Series 2002, 5.250%, 1/01/18 (Pre-refunded 1/01/13) – FGIC Insured
3,165		Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2001, 5.250%, 6/01/26		6/11 at 102.00		Aaa		3,388,892
		(Pre-refunded 6/01/11)
1,000		DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Series 2000, 5.125%, 10/01/31		10/10 at 101.00		AAA		1,051,410
		(Pre-refunded 10/01/10)
1,000		Fairburn, Georgia, Combined Utility Revenue Bonds, Series 2000, 5.750%, 10/01/20		10/10 at 101.00		A– (4)		1,068,570
		(Pre-refunded 10/01/10)
1,750		Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,		5/11 at 100.00		A– (4)		1,852,445
		Northeast Georgia Health Services Inc., Series 2001, 5.500%, 5/15/31 (Pre-refunded 5/15/11)
		Georgia Municipal Electric Authority, Project One Special Obligation Bonds, Fifth Crossover
		Series 1998Y:
85		6.400%, 1/01/09 (ETM)		No Opt. Call		A+ (4)		87,959
10		6.400%, 1/01/09 (ETM)		No Opt. Call		A+ (4)		10,348
25		Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993Z,		1/17 at 100.00		AAA		27,203
		5.500%, 1/01/20 (Pre-refunded 1/01/17) – FGIC Insured
3,750		Gwinnett County Hospital Authority, Georgia, Revenue Anticipation Certificates, Gwinnett		2/12 at 102.00		AAA		4,057,050
		Hospital System Inc. Project, Series 1997B, 5.300%, 9/01/27 (Pre-refunded 2/14/12) –
		MBIA Insured
11,520		Total U.S. Guaranteed						12,330,768
		Utilities – 11.0% (7.5% of Total Investments)
1,000		Georgia Municipal Electric Authority, General Power Revenue Bonds, Project 1, Series 2007A,		1/17 at 100.00		AAA		1,032,700
		5.000%, 1/01/25 – MBIA Insured
1,655		Georgia Municipal Electric Authority, Project One Special Obligation Bonds, Fifth Crossover		No Opt. Call		A+		1,712,793
		Series 1998Y, 6.400%, 1/01/09
975		Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993Z,		No Opt. Call		AAA		1,064,905
		5.500%, 1/01/20 – FGIC Insured
1,000		Municipal Electric Authority of Georgia, Project One Subordinated Lien Revenue Bonds, Series		1/13 at 100.00		AAA		1,026,270
		2003A, 5.000%, 1/01/22 – MBIA Insured
1,200		Virgin Islands Water and Power Authority, Electric System Revenue Bonds, Series 2007B,		7/17 at 100.00		BBB–		1,136,760
		5.000%, 7/01/31
5,830		Total Utilities						5,973,428
		Water and Sewer – 14.5% (9.9% of Total Investments)
		Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004:
1,225		5.000%, 11/01/24 – FSA Insured		11/14 at 100.00		AAA		1,257,940
500		5.000%, 11/01/37 – FSA Insured		11/14 at 100.00		AAA		507,335
		Augusta, Georgia, Water and Sewerage Revenue Bonds, Series 2002:
500		5.000%, 10/01/16 – FSA Insured		10/12 at 100.00		AAA		526,820
1,990		5.000%, 10/01/17 – FSA Insured		10/12 at 100.00		AAA		2,086,435
335		Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2001, 5.250%, 6/01/26		6/11 at 102.00		Aaa		349,599
1,950		Fulton County, Georgia, Water and Sewerage Revenue Bonds, Series 2004, 5.000%, 1/01/22 –		1/14 at 100.00		AAA		2,011,776
		FGIC Insured
1,000		Midgeville, Georgia, Water and Sewerage Revenue Refunding Bonds, Series 1996, 6.000%,		No Opt. Call		AAA		1,153,140
		12/01/21 – FSA Insured
7,500		Total Water and Sewer						7,893,045
$    76,090		Total Long-Term Investments (cost $77,651,212) – 146.1%						79,434,159
		Short-Term Investments – 0.6% (0.4% of Total Investments)
$         300		Puerto Rico Government Development Bank, Adjustable Refunding Bonds, Variable Rate Demand				VMIG-1		300,000
		Obligations, Series 1985, 3.730%, 12/01/15 – MBIA Insured (5)
		Total Short-Term Investments (cost $300,000)						300,000
		Total Investments (cost $77,951,212) – 146.7%						79,734,159
		Other Assets Less Liabilities – 4.5%						2,408,634
		Preferred Shares, at Liquidation Value – (51.2)%						(27,800,000)
		Net Assets Applicable to Common Shares – 100%					$	54,342,793

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(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 higher of Standard & Poor’s or Moody’s rating. Ratings below BBB by Standard &
		Poor’s Group or Baa by Moody’s Investor Service, Inc. are considered to be below investment grade.
(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)		Investment has a maturity of more than one year, but has variable rate and demand features which
		qualify it as a short-term investment. The rate disclosed is that in effect at the end of the reporting
		period. This rate changes periodically based on market conditions or a specified market index.
(ETM)		Escrowed to maturity.

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 the treatment of paydown gains and losses, timing differences in recognizing taxable market discount and timing differences in recognizing certain gains and losses on investment transactions.

At August 31, 2007, the cost of investments was $77,940,798.

Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2007, were as follows:

Gross unrealized:
Appreciation		$2,271,712
Depreciation		(478,351)
Net unrealized appreciation (depreciation) of investments		$1,793,361

---

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 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 Georgia Premium Income Municipal Fund        

By (Signature and Title)*          /s/ Kevin J. McCarthy                    
                                                    Kevin J. McCarthy
                                                    Vice President and Secretary

Date          October 30, 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.

By (Signature and Title)*         /s/ Gifford R. Zimmerman                    
                                                   Gifford R. Zimmerman
                                                   Chief Administrative Officer (principal executive officer) 

Date          October 30, 2007        

By (Signature and Title)*         /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                   Vice President and Controller (principal financial officer) 

Date         October 30, 2007        

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

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