Form N-Q

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         811-10525         

        Nuveen North Carolina Dividend Advantage Municipal Fund 2         
(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:         2/28/09         

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 North Carolina Dividend Advantage Municipal Fund 2 (NNO)             
    February 28, 2009             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Education and Civic Organizations – 15.1% (9.4% of Total Investments)             
    Appalachian State University, North Carolina, Housing and Student Center System Revenue             
    Refunding Bonds, Series 2002:             
$       1,040     5.000%, 7/15/14 – MBIA Insured    7/12 at 100.00    A1   $   1,116,648 
1,000     5.000%, 7/15/15 – MBIA Insured    7/12 at 100.00    A1    1,055,110 
    North Carolina Capital Facilities Financing Agency, Revenue Bonds, Duke University,             
    Series 2001A:             
715     5.125%, 10/01/26    10/11 at 100.00    AA+    723,530 
380     5.125%, 10/01/41    10/11 at 100.00    AA+    382,409 
1,000    University of North Carolina System, Pooled Revenue Bonds, Series 2005A, 5.000%, 4/01/22 –    4/15 at 100.00    A    1,031,190 
     AMBAC Insured             
635    University of North Carolina System, Pooled Revenue Refunding Bonds, Series 2002A, 5.375%,    10/12 at 100.00    A+    678,631 
     4/01/19 – AMBAC Insured             
500    University of North Carolina Wilmington, Certificates of Participation, Student Housing    6/16 at 100.00    AA–    505,270 
     Project Revenue Bonds, Series 2006, 5.000%, 6/01/21 – FGIC Insured             
1,500    University of North Carolina, Chapel Hill, System Net Revenue Bonds, Series 2002B,    No Opt. Call    AA+    1,647,870 
     5.000%, 12/01/11             
250    University of North Carolina, Charlotte, Certificates of Participation, Student Housing    3/15 at 100.00    A    258,513 
     Project, Series 2005, 5.000%, 3/01/21 – AMBAC Insured             
400    University of North Carolina, Greensboro, General Revenue Refunding Bonds, Series 2002B,    4/11 at 101.00    AAA    428,756 
     5.375%, 4/01/17 – FSA Insured             
7,420    Total Education and Civic Organizations            7,827,927 
    Health Care – 25.7% (16.0% of Total Investments)             
945    Albemarle Hospital Authority, North Carolina, Health Care Facilities Revenue Bonds, Series    10/17 at 100.00    N/R    655,528 
     2007, 5.250%, 10/01/38             
1,640    Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds,    1/11 at 101.00    AA–    1,531,350 
     Carolinas Healthcare System, Series 2001A, 5.000%, 1/15/31             
500    Johnston Memorial Hospital Authority, North Carolina, Mortgage Revenue Bonds, Johnston    4/18 at 100.00    AAA    445,395 
     Memorial Hospital Project, Series 2008, 5.250%, 10/01/36 – FSA Insured             
455    North Carolina Medical Care Commission Health Care Facilities Revenue Bonds (WakeMed), Series    10/14 at 100.00    AAA    455,082 
     2009A, 5.625%, 10/01/38 – AGC Insured             
2,000    North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Novant Health    11/13 at 100.00    Aa3    2,026,060 
     Obligated Group, Series 2003A, 5.000%, 11/01/20             
1,005    North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Union Regional    1/12 at 100.00    A    1,033,361 
     Medical Center, Series 2002A, 5.250%, 1/01/13             
    North Carolina Medical Care Commission, Hospital Revenue Bonds, Southeastern Regional Medical             
    Center, Series 2002:             
1,000     5.500%, 6/01/15    6/12 at 101.00    A    1,023,050 
2,100     5.250%, 6/01/22    6/12 at 101.00    A    1,959,888 
925    North Carolina Medical Care Commission, Hospital Revenue Bonds, Wilson Medical Center, Series    11/17 at 100.00    A–    730,075 
     2007, 5.000%, 11/01/27             
1,250    North Carolina Medical Care Commission, Revenue Bonds, Blue Ridge Healthcare System, Series    1/15 at 100.00    AA–    960,800 
     2005, 5.000%, 1/01/33 – FGIC Insured             
    North Carolina Medical Care Commission, Revenue Bonds, Cleveland County Healthcare System,             
    Series 2004A:             
595     5.250%, 7/01/20 – AMBAC Insured    7/14 at 100.00    A    564,947 
500     5.250%, 7/01/22 – AMBAC Insured    7/14 at 100.00    A    457,475 
150    Northern Hospital District of Surry County, North Carolina, Health Care Facilities Revenue    4/18 at 100.00    BBB    120,323 
     Bonds, Series 2008, 6.250%, 10/01/38             
1,500    The Charlotte-Mecklenberg Hospital Authority, North Carolina, Doing Business as Carolinas    1/18 at 100.00    AA–    1,393,785 
     HealthCare System, Health Care Refunding Revenue Bonds, Series 2008A, 5.000%, 1/15/47             
14,565    Total Health Care            13,357,119 
    Housing/Single Family – 4.4% (2.7% of Total Investments)             
355    North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement,    7/10 at 100.00    AA    331,350 
     Series 10A, 5.400%, 7/01/32 – AMBAC Insured (Alternative Minimum Tax)             
    North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 13A:             
735     4.700%, 7/01/12 (Alternative Minimum Tax)    7/11 at 100.00    AA    749,340 
740     4.850%, 7/01/13 (Alternative Minimum Tax)    7/11 at 100.00    AA    753,742 
510    North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 25-A, 4.900%,    7/16 at 100.00    AA    434,576 
     7/01/37 (Alternative Minimum Tax)             
2,340    Total Housing/Single Family            2,269,008 
    Long-Term Care – 2.0% (1.2% of Total Investments)             
600    North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Presbyterian    10/16 at 100.00    N/R    489,810 
     Homes, Series 2006B, 5.200%, 10/01/21             
250    North Carolina Medical Care Commission, Healthcare Facilities Revenue Bonds, Presbyterian    10/16 at 100.00    N/R    188,905 
     Homes, Series 2006, 5.400%, 10/01/27             
185    North Carolina Medical Care Commission, Revenue Bonds, Pines at Davidson, Series 2006A,    1/16 at 100.00    N/R    140,012 
     5.000%, 1/01/36             
250    North Carolina Medical Care Commission, Revenue Bonds, United Church Homes and Services,    9/15 at 100.00    N/R    206,625 
     Series 2005A, 5.250%, 9/01/21             
1,285    Total Long-Term Care            1,025,352 
    Materials – 2.7% (1.7% of Total Investments)             
300    Columbus County Industrial Facilities and Pollution Control Financing Authority, North Carolina,    3/17 at 100.00    BBB    163,038 
     Environmental Improvement Revenue Bonds, International Paper Company Project, Series             
     2007A, 4.625%, 3/01/27             
865    Gaston County Industrial Facilities and Pollution Control Financing Authority, North Carolina,    8/15 at 100.00    N/R    458,346 
     National Gypsum Company Project Exempt Facilities Revenue Bonds, Series 2005, 5.750%,             
     8/01/35 (Alternative Minimum Tax)             
1,100    Northampton County Industrial Facilities and Pollution Control Financing Authority, North Carolina,    2/11 at 101.00    BBB    782,815 
     Environmental Improvement Revenue Bonds, International Paper Company, Series 2001A,             
     6.200%, 2/01/25 (Alternative Minimum Tax)             
2,265    Total Materials            1,404,199 
    Tax Obligation/General – 5.6% (3.5% of Total Investments)             
250    Durham County, North Carolina, General Obligation Bonds, Series 2000, 5.600%, 5/01/15    5/10 at 102.00    AAA    266,465 
1,475    Durham, North Carolina, General Obligation Bonds, Series 2007, 5.000%, 4/01/22    4/17 at 100.00    AAA    1,605,656 
1,000    North Carolina, General Obligation Bonds, Series 2004A, 5.000%, 3/01/22    3/14 at 100.00    AAA    1,058,120 
2,725    Total Tax Obligation/General            2,930,241 
    Tax Obligation/Limited – 35.6% (22.2% of Total Investments)             
30    Cabarrus County, North Carolina, Certificates of Participation, Series 2002, 5.250%, 2/01/16    2/13 at 100.00    AA    31,722 
1,750    Charlotte, North Carolina, Certificates of Participation, Governmental Facilities Projects,    6/13 at 100.00    AA+    1,757,193 
     Series 2003G, 5.000%, 6/01/28             
575    Charlotte, North Carolina, Certificates of Participation, Transit Projects Phase 2, Series    6/18 at 100.00    AA+    568,583 
     2008A, 5.000%, 6/01/33             
1,850    Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2002, 5.250%, 6/01/18    6/12 at 101.00    AAA    1,999,906 
800    Craven County, North Carolina, Certificates of Participation, Series 2007, 5.000%, 6/01/27 –    6/17 at 100.00    AA–    794,264 
     MBIA Insured             
500    Harnett County, North Carolina, Certificates of Participation, Series 2009, 5.000%, 6/01/29 –    6/19 at 100.00    N/R    492,450 
     AGC Insured             
    Hartnett County, North Carolina, Certificates of Participation, Series 2002:             
1,000     5.250%, 12/01/15 – FSA Insured    12/12 at 101.00    AAA    1,095,430 
2,025     5.375%, 12/01/16 – FSA Insured    12/12 at 101.00    AAA    2,227,217 
715    Lee County, North Carolina, Certificates of Participation, Public Schools and Community    4/14 at 100.00    AAA    753,374 
     College, Series 2004, 5.250%, 4/01/20 – FSA Insured             
1,380    Pasquotank County, North Carolina, Certificates of Participation, Series 2004, 5.000%, 6/01/25 –    6/14 at 100.00    AA–    1,332,224 
     MBIA Insured             
2,070    Pitt County, North Carolina, Certificates of Participation, School Facilities Project, Series    4/14 at 100.00    A+    1,916,510 
     2004B, 5.000%, 4/01/29 – AMBAC Insured             
    Raleigh, North Carolina, Certificates of Participation, Downtown Improvement Project,             
    Series 2004B:             
805     5.000%, 6/01/20    6/14 at 100.00    AA+    850,748 
1,310     5.000%, 6/01/21    6/14 at 100.00    AA+    1,371,583 
115    Raleigh, North Carolina, Certificates of Participation, Series 2007, 5.000%, 2/01/27    2/17 at 100.00    AA+    116,877 
1,000    Randolph County, North Carolina, Certificates of Participation, Series 2004, 5.000%, 6/01/20 –    6/14 at 102.00    AAA    1,058,730 
     FSA Insured             
100    Rutherford County, North Carolina, Certificates of Participation, Series 2007, 5.000%,    12/17 at 100.00    AAA    100,698 
     12/01/27 – FSA Insured             
1,150    Sampson County, North Carolina, Certificates of Participation, Series 2006,    6/17 at 100.00    AAA    1,119,376 
     5.000%, 6/01/34 – FSA Insured (UB)             
500    Wilmington, North Carolina, Certificates of Participation, Series 2008A, 5.000%, 6/01/29    6/18 at 100.00    AA    504,390 
400    Wilson County, North Carolina, Certificates of Participation, School Facilities Project,    4/17 at 100.00    A    388,780 
     Series 2007, 5.000%, 4/01/25 – AMBAC Insured             
18,075    Total Tax Obligation/Limited            18,480,055 
    Transportation – 15.9% (9.9% of Total Investments)             
2,035    Charlotte, North Carolina, Airport Revenue Bonds, Series 2004A, 5.000%, 7/01/34 – MBIA Insured    7/14 at 100.00    AA–    1,850,141 
435    Piedmont Triad Airport Authority, North Carolina, Airport Revenue Bonds, Series 2005A, 5.000%,    7/15 at 100.00    A2    446,019 
     7/01/20 – SYNCORA GTY Insured             
    Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Series 2001A:             
1,000     5.250%, 11/01/15 – FGIC Insured    5/11 at 101.00    Aa3    1,030,330 
2,320     5.250%, 11/01/16 – FGIC Insured    5/11 at 101.00    Aa3    2,382,941 
2,230     5.250%, 11/01/17 – FGIC Insured    5/11 at 101.00    Aa3    2,287,222 
270    University of North Carolina, Charlotte, Parking System Revenue Bonds, Series 2002, 5.000%,    1/12 at 101.00    A2    279,323 
     1/01/20 – MBIA Insured             
8,290    Total Transportation            8,275,976 
    U.S. Guaranteed – 15.9% (9.9% of Total Investments) (4)             
490    Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds,    1/11 at 101.00    AA– (4)    528,274 
     Carolinas Healthcare System, Series 2001A, 5.000%, 1/15/31 (Pre-refunded 1/15/11)             
200    Charlotte-Mecklenburg Hospital Authority, North Carolina, Healthcare System Revenue Bonds, DBA    1/15 at 100.00    AA– (4)    229,278 
     Carolinas Healthcare System, Series 2005A, 5.000%, 1/15/45 (Pre-refunded 1/15/15)             
500    North Carolina Capital Facilities Financing Agency, Revenue Bonds, Duke University, Series    10/11 at 100.00    AAA    548,160 
     2001A, 5.125%, 10/01/26 (Pre-refunded 10/01/11)             
370    North Carolina Medical Care Commission, Health System Revenue Bonds, Mission St. Joseph’s    10/11 at 101.00    AA (4)    410,086 
     Health System, Series 2001, 5.250%, 10/01/31 (Pre-refunded 10/01/11)             
500    North Carolina Medical Care Commission, Revenue Bonds, Northeast Medical Center, Series 2004,    11/14 at 100.00    N/R (4)    574,845 
     5.000%, 11/01/24 (Pre-refunded 11/01/14)             
    Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Series 2004:             
1,000     5.000%, 3/01/21 (Pre-refunded 3/01/14)    3/14 at 100.00    AAA    1,139,400 
1,250     5.000%, 3/01/22 (Pre-refunded 3/01/14)    3/14 at 100.00    AAA    1,424,250 
3,200    Wake County, North Carolina, General Obligation School Bonds, Series 2000, 5.400%, 2/01/13    2/10 at 101.50    AAA    3,388,893 
     (Pre-refunded 2/01/10)             
7,510    Total U.S. Guaranteed            8,243,186 
    Utilities – 13.9% (8.7% of Total Investments)             
500    North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2005,    1/16 at 100.00    A    499,760 
     5.250%, 1/01/20 – AMBAC Insured             
2,500    North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series    7/09 at 100.00    Baa1    2,501,549 
     1993B, 5.500%, 1/01/17 – FGIC Insured             
1,500    North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 1999B,    1/10 at 101.00    A2    1,534,710 
     6.500%, 1/01/20             
2,600    Wake County Industrial Facilities and Pollution Control Financing Authority, North Carolina,    2/12 at 101.00    A2    2,708,107 
     Revenue Refunding Bonds, Carolina Power and Light Company, Series 2002, 5.375%, 2/01/17             
7,100    Total Utilities            7,244,126 
    Water and Sewer – 23.8% (14.8% of Total Investments)             
500    Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2008A, 5.000%,    4/18 at 100.00    AAA    490,795 
     4/01/31 – FSA Insured             
500    Cape Fear Public Utility Authority, North Carolina, Water & Sewer System Revenue Bonds, Series    8/18 at 100.00    AA    501,100 
     2008, 5.000%, 8/01/35             
2,520    Charlotte, North Carolina, Water and Sewerage System Revenue Bonds, Series 2002A,    No Opt. Call    AAA    2,864,735 
     5.250%, 7/01/13             
1,000    Durham County, North Carolina, Enterprise System Revenue Bonds, Series 2002, 5.000%, 6/01/23 –    6/13 at 100.00    AA–    1,014,860 
     MBIA Insured             
    Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Series 2006A:             
3,095     5.000%, 3/01/31 (UB)    3/16 at 100.00    AAA    3,151,762 
975     5.000%, 3/01/36 (UB)    3/16 at 100.00    AAA    985,910 
40    Raleigh, North Carolina, Combined Enterprise System Revenue Bonds, Series 2006A, Residuals    3/16 at 100.00    AAA    42,200 
     Series II-R-645-2, 12.723%, 3/01/31 (IF)             
1,000    Wilmington, North Carolina, Water and Sewer Revenue Bonds, Series 2005, 5.000%, 6/01/25 –    6/15 at 100.00    AAA    1,023,990 
     FSA Insured             
2,275    Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2007A,    6/17 at 100.00    AAA    2,291,677 
     5.000%, 6/01/37 (UB)             
11,905    Total Water and Sewer            12,367,029 
$       83,480    Total Investments (cost $84,657,110) – 160.6%            83,424,218 
    Floating Rate Obligations – (9.2)%            (4,805,000)
    Other Assets Less Liabilities – 2.5%            1,335,678 
    Preferred Shares, at Liquidation Value – (53.9)% (5)            (28,000,000)
    Net Assets Applicable to Common Shares – 100%          $  51,954,896 

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No.157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosure about fair value measurements. In determining the 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 methodology 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 February 28, 2009:

    Level 1    Level 2    Level 3    Total 
Investments    $ —    $83,424,218    $ —    $83,424,218 

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 transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), 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 February 28, 2009, the cost of investments was $79,847,984.

Gross unrealized appreciation and gross unrealized depreciation of investments at February 28, 2009, were as follows:

Gross unrealized:     
  Appreciation    $ 2,036,759 
  Depreciation    (3,265,591)
Net unrealized appreciation (depreciation) of investments    $(1,228,832)

(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 Group ("Standard & Poor's") or Moody's Investor Service, 
    Inc. ("Moody's") rating. Ratings below BBB by Standard & Poor's or Baa by Moody's are considered to be 
    below investment grade. 
    The Portfolio of Investments may reflect the ratings on certain bonds insured by ACA, AGC, AMBAC, CIFG, 
    FGIC, FSA, MBIA, RAAI and SYNCORA as of February 28, 2009. Subsequent to February 28, 2009, and 
    during the period this Portfolio of Investments was prepared, there may have been reductions to the 
    ratings of certain bonds resulting from changes to the ratings of the underlying insurers both during the 
    period and after period end. Such reductions would likely reduce the effective rating of many of the bonds 
    insured by that insurer or insurers presented at period end. 
(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 33.6%. 
N/R    Not rated. 
(IF)    Inverse floating rate investment. 
(UB)    Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
    provisions of SFAS No. 140. 

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: 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 North Carolina Dividend Advantage Municipal Fund 2         

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

Date         April 29, 2009        

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         April 29, 2009        

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

Date        April 29, 2009