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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-A

                For Registration of Certain Classes of Securities
                    Pursuant to Section 12(b) or 12(g) of the
                         Securities Exchange Act of 1934

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                 NUVEEN PREFERRED AND CONVERTIBLE INCOME FUND 2
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             (Exact Name of Registrant as Specified in Its Charter)

        MASSACHUSETTS                              TO BE APPLIED FOR
  (State of Incorporation                          (I.R.S. Employer
      or Organization)                            Identification No.)


                              333 West Wacker Drive
                             Chicago, Illinois 60606
                    (Address of Principal Executive Offices)



     If this form relates to the registration of a class of securities pursuant
to Section 12(b) of the Exchange Act and is effective pursuant to General
Instruction A.(c), please check the following box. |X|

     If this form relates to the registration of a class of securities pursuant
to Section 12(g) of the Exchange Act and is effective pursuant to General
Instruction A.(d), please check the following box. |_|

     Securities Act registration statement file number to which this form
relates: 333-102903.

     Securities to be registered pursuant to Section 12(b) of the Act:

     Title of Each Class                         Name of Each Exchange On Which
     to be so Registered                         Each Class is to be Registered
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   Share of beneficial interest                   New York Stock Exchange
   $0.01 par value per share

         Securities to be registered pursuant to Section 12(g) of the Act:


                                      NONE
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                                (Title of Class)

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Item 1.       Description of Registrant's Securities to be Registered.
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     The shares (the "Shares") to be registered hereunder are shares of
beneficial interest, $0.01 par value per share of Nuveen Preferred and
Convertible Income Fund 2 (the "Registrant"). A description of the Shares is
contained under the heading "Description of Shares" in the prospectus included
in an amendment to the Registrant's registration statement on Form N-2 and under
the heading "Description of Shares" in the statement of additional information
included therein, each filed under the Securities Act of 1933, as amended, and
the Investment Company Act of 1940, as amended, on April 17, 2003 (Registration
Nos. 333-104599 and 811-21333, respectively), which description is incorporated
herein by reference.

Item 2.       Exhibits.
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     Pursuant to the Instructions as to Exhibits, no exhibits are filed herewith
or incorporated herein by reference.

                                   SIGNATURES
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     Pursuant to the requirements of Section 12 of the Securities Exchange Act
of 1934, the Registrant has duly caused this registration statement to be signed
on its behalf by the undersigned, thereto duly authorized.

Dated: May 7, 2003



                                                 NUVEEN PREFERRED AND
                                                 CONVERTIBLE INCOME FUND 2



                                                 By: /s/ Jessica R. Droeger
                                                     ---------------------------
                                                         Jessica R. Droeger
                                                         Vice President and
                                                          Secretary

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