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         811-21152         

        Nuveen Georgia 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:         2/29/08         

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 Dividend Advantage Municipal Fund 2 (NKG)             
    February 29, 2008             
Principal        Optional Call         
Amount (000)    Description (1)    Provisions (2)    Ratings (3)    Value 
    Consumer Staples – 3.1% (2.0% of Total Investments)             
$        2,000    Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,    5/12 at 100.00    BBB   $   1,875,500 
     Series 2002, 5.500%, 5/15/39             
    Education and Civic Organizations – 20.4% (13.3% of Total Investments)             
    Athens Housing Authority, Georgia, Student Housing Lease Revenue Bonds, UGAREF East Campus             
    Housing LLC Project, Series 2002:             
3,500     5.000%, 12/01/27 – AMBAC Insured    12/12 at 100.00    Aaa    3,384,570 
2,500     5.000%, 12/01/33 – AMBAC Insured    12/12 at 100.00    Aaa    2,361,550 
1,225    Athens-Clarke County Unified Government Development Authority, Georgia, Educational Facilities    12/12 at 100.00    AAA    1,254,523 
     Revenue Bonds, UGAREF CCRC Building LLC Project, Series 2002, 5.000%, 12/15/18 – AMBAC Insured             
2,000    Atlanta Development Authority, Georgia, Educational Facilities Revenue Bonds, Science Park LLC    7/17 at 100.00    A1    1,796,440 
     Project, Series 2007, 5.000%, 7/01/39             
2,000    Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech – Klaus Parking and    11/13 at 100.00    AAA    1,982,720 
     Family Housing, Series 2003, 5.000%, 11/01/23 – MBIA Insured             
1,050    Fulton County Development Authority, Georgia, Revenue Bonds, TUFF Morehouse Project, Series    2/12 at 100.00    AAA    995,925 
     2002A, 5.000%, 2/01/34 – AMBAC Insured             
500    Gainesville Redevelopment Authority, Georgia, Educational Facilities Revenue Bonds, Riverside    3/17 at 100.00    N/R    409,935 
     Military Academy Project, Series 2007, 5.125%, 3/01/37             
12,775    Total Education and Civic Organizations            12,185,663 
    Health Care – 24.3% (15.8% of Total Investments)             
150    Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center,    12/09 at 100.00    BB+    147,392 
     Series 1997, 5.250%, 12/01/12             
    Baldwin County Hospital Authority, Georgia, Revenue Bonds, Oconee Regional Medical Center,             
    Series 1998:             
40     5.250%, 12/01/22    12/08 at 102.00    BB+    36,213 
315     5.375%, 12/01/28    12/08 at 102.00    BB+    278,822 
1,000    Chatham County Hospital Authority, Savannah, Georgia, Hospital Revenue Bonds, Memorial Health    1/14 at 100.00    BBB    860,380 
     University Medical Center Inc., Series 2004A, 5.375%, 1/01/26             
240    Chatham County Hospital Authority, Savannah, Georgia, Hospital Revenue Improvement Bonds,    7/11 at 101.00    BBB    229,898 
     Memorial Health University Medical Center Inc., Series 2001A, 6.125%, 1/01/24             
    Coffee County Hospital Authority, Georgia, Revenue Bonds, Coffee County Regional Medical             
    Center, Series 2004:             
165     5.000%, 12/01/19    12/14 at 100.00    BBB    154,249 
1,000     5.250%, 12/01/22    12/14 at 100.00    BBB    922,550 
1,000    Floyd County Hospital Authority, Georgia, Revenue Anticipation Certificates, Floyd Medical    7/12 at 101.00    Aaa    937,030 
     Center Project, Series 2002, 5.200%, 7/01/32 – MBIA Insured             
1,100    Houston County Hospital Authority, Georgia, Revenue Bonds, Houston Healthcare Project, Series    10/17 at 100.00    A2    1,010,812 
     2007, 5.250%, 10/01/35             
    Newnan Hospital Authority, Georgia, Revenue Anticipation Certificates, Newnan Hospital Inc.,             
    Series 2002:             
2,260     5.500%, 1/01/19 – MBIA Insured    1/13 at 100.00    Aaa    2,306,895 
3,020     5.500%, 1/01/20 – MBIA Insured    1/13 at 100.00    Aaa    3,063,246 
2,000    Savannah Hospital Authority, Georgia, Revenue Bonds, St. Joseph’s/Candler Health System,    1/14 at 100.00    AA    1,926,420 
     Series 2003, 5.250%, 7/01/23 – RAAI Insured             
1,945    Tift County Hospital Authority, Georgia, Revenue Anticipation Bonds, Tift Regional Medical    12/12 at 101.00    Aaa    1,961,357 
     Center, Series 2002, 5.250%, 12/01/19 – AMBAC Insured             
750    Valdosta and Lowndes County Hospital Authority, Georgia, Revenue Certificates, South Georgia    10/17 at 100.00    A+    670,005 
     Medical Center, Series 2007, 5.000%, 10/01/33             
14,985    Total Health Care            14,505,269 
    Housing/Multifamily – 4.7% (3.0% of Total Investments)             
25    Cobb County Development Authority, Georgia, Student Housing Revenue Bonds, KSU Village II Real    7/17 at 100.00    Aaa    24,081 
     Estate Foundation LLC Project, Series 2007A, 5.250%, 7/15/38 – AMBAC Insured             
    Savannah Economic Development Authority, Georgia, GNMA Collateralized Multifamily Housing             
    Revenue Bonds, Snap I-II-III Apartments, Series 2002A:             
500     5.150%, 11/20/22 (Alternative Minimum Tax)    11/12 at 102.00    AAA    486,135 
980     5.200%, 11/20/27 (Alternative Minimum Tax)    11/12 at 102.00    AAA    921,210 
1,465     5.250%, 11/20/32 (Alternative Minimum Tax)    11/12 at 102.00    AAA    1,348,928 
2,970    Total Housing/Multifamily            2,780,354 
    Housing/Single Family – 1.0% (0.7% of Total Investments)             
170    Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2006C-2, 4.550%,    12/15 at 100.00    AAA    142,768 
     12/01/31 (Alternative Minimum Tax)             
465    Georgia Housing and Finance Authority, Single Family Mortgage Resolution 1 Bonds, Series    6/11 at 100.00    AAA    471,143 
     2001B-2, 5.400%, 12/01/31 (Alternative Minimum Tax)             
635    Total Housing/Single Family            613,911 
    Industrials – 3.0% (2.0% of Total Investments)             
2,190    Cobb County Development Authority, Georgia, Solid Waste Disposal Revenue Bonds, Georgia Waste    4/16 at 101.00    BBB    1,791,836 
     Management Project, Series 2004A, 5.000%, 4/01/33 (Alternative Minimum Tax)             
    Long-Term Care – 1.7% (1.1% of Total Investments)             
1,000    Fulton County Residential Care Facilities Authority, Georgia, Revenue Bonds, Elderly Care,    7/17 at 100.00    N/R    759,860 
     Lenbrook Square Project, Series 2006A, 5.125%, 7/01/42             
250    Medical Center Hospital Authority, Georgia, Revenue Bonds, Spring Harbor at Green Island,    No Opt. Call    N/R    246,478 
     Series 2007, 5.000%, 7/01/11             
1,250    Total Long-Term Care            1,006,338 
    Materials – 2.7% (1.8% of Total Investments)             
1,000    Richmond County Development Authority, Georgia, Environmental Improvement Revenue Bonds,    2/11 at 101.00    BBB    992,210 
     International Paper Company, Series 2001A, 6.250%, 2/01/25 (Alternative Minimum Tax)             
250    Richmond County Development Authority, Georgia, Environmental Improvement Revenue Refunding    2/12 at 101.00    BBB    240,613 
     Bonds, International Paper Company, Series 2002A, 6.000%, 2/01/25 (Alternative Minimum Tax)             
370    Savannah Economic Development Authority, Georgia, Pollution Control Revenue Bonds, Union Camp    No Opt. Call    Baa3    389,610 
     Corporation, Series 1995, 6.150%, 3/01/17             
1,620    Total Materials            1,622,433 
    Tax Obligation/General – 18.6% (12.1% of Total Investments)             
600    Cherokee County Resource Recovery Development Authority, Georgia, Solid Waste Disposal Revenue    7/17 at 100.00    AAA    530,358 
     Bonds, Ball Ground Recycling LLC Project, Series 2007A, 5.000%, 7/01/37 – AMBAC Insured             
     (Alternative Minimum Tax)             
900    Decatur, Georgia, General Obligation Bonds, Series 2007, 5.000%, 1/01/31 – FSA Insured    1/17 at 100.00    AAA    884,304 
1,000    Forsyth County, Georgia, General Obligation Bonds, Series 2004, 5.250%, 3/01/19    3/14 at 101.00    AA+    1,048,680 
1,700    Georgia State, General Obligation Bonds, Series 2007, 5.000%, 8/01/24    8/17 at 100.00    AAA    1,713,923 
750    Georgia, General Obligation Bonds, Series 1998D, 5.250%, 10/01/15    No Opt. Call    AAA    826,800 
1,000    Georgia, General Obligation Bonds, Series 2005B, 5.000%, 7/01/15    No Opt. Call    AAA    1,084,170 
    Oconee County, Georgia, General Obligation Bonds, Recreation Project, Series 2003:             
1,410     5.500%, 1/01/23 – AMBAC Insured    1/13 at 101.00    Aaa    1,448,084 
1,470     5.250%, 1/01/26 – AMBAC Insured    1/13 at 101.00    Aaa    1,477,232 
1,200    Paulding County School District, Georgia, General Obligation Bonds, Series 2007,    2/17 at 100.00    AA+    1,150,464 
     5.000%, 2/01/33             
1,000    Wayne County Hospital Authority, Georgia, Hospital Revenue Bonds, Series 2006, 5.000%,    3/16 at 100.00    A3    942,540 
     3/01/23 – XLCA Insured             
11,030    Total Tax Obligation/General            11,106,555 
    Tax Obligation/Limited – 20.2% (13.1% of Total Investments)             
120    Atlanta, Georgia, Tax Allocation Bonds Atlanta Station Project, Series 2007, 5.000%,    12/17 at 100.00    AAA    116,927 
     12/01/23 – AGC Insured             
250    Atlanta, Georgia, Tax Allocation Bonds, Eastside Project, Series 2005B, 5.400%, 1/01/20    7/15 at 100.00    N/R    230,908 
395    Atlanta, Georgia, Tax Allocation Bonds, Princeton Lakes Project, Series 2006, 5.500%, 1/01/31    1/16 at 100.00    N/R    341,363 
750    Georgia Municipal Association Inc., Certificates of Participation, Atlanta Court Project,    6/12 at 101.00    AAA    757,335 
     Series 2002, 5.125%, 12/01/21 – AMBAC Insured             
2,500    Metropolitan Atlanta Rapid Transit Authority, Georgia, Sales Tax Revenue Refunding Bonds,    No Opt. Call    AAA    2,790,600 
     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–    443,250 
     5.000%, 7/01/41             
2,500    Puerto Rico Municipal Finance Agency, Series 2002A, 5.000%, 8/01/27 – FSA Insured    8/12 at 100.00    AAA    2,409,625 
5,000    Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding    No Opt. Call    AAA    4,954,747 
     Bonds, Series 2002F, 5.250%, 7/01/21 – CIFG Insured             
12,015    Total Tax Obligation/Limited            12,044,755 
    Transportation – 6.2% (4.0% of Total Investments)             
3,650    Atlanta, Georgia, Airport General Revenue Refunding Bonds, Series 2000A, 5.500%, 1/01/21 –    1/10 at 101.00    A+    3,714,021 
     FGIC Insured             
    U.S. Guaranteed – 15.7% (10.2% of Total Investments) (4)             
1,000    Augusta, Georgia, Water and Sewerage Revenue Bonds, Series 2002, 5.250%, 10/01/22    10/12 at 100.00    AAA    1,080,170 
     (Pre-refunded 10/01/12) – FSA Insured             
1,000    Cherokee County School System, Georgia, General Obligation Bonds, Series 2003, 5.000%, 8/01/16    8/13 at 100.00    AAA    1,077,720 
     (Pre-refunded 8/01/13) – MBIA Insured             
    DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Series 2000:             
1,000     5.125%, 10/01/31 (Pre-refunded 10/01/10) – MBIA Insured    10/10 at 101.00    AAA    1,063,200 
2,000     5.375%, 10/01/35 (Pre-refunded 10/01/10)    10/10 at 101.00    AAA    2,138,780 
1,300    Fairburn, Georgia, Combined Utility Revenue Bonds, Series 2000, 5.750%, 10/01/20    10/10 at 101.00    A– (4)    1,401,257 
     (Pre-refunded 10/01/10)             
1,305    Gainesville and Hall County Hospital Authority, Georgia, Revenue Anticipation Certificates,    5/11 at 100.00    A– (4)    1,391,522 
     Northeast Georgia Health Services Inc., Series 2001, 5.500%, 5/15/31 (Pre-refunded 5/15/11)             
1,100    Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series    10/11 at 102.00    Baa2 (4)    1,212,607 
     2001, 5.750%, 10/01/31 (Pre-refunded 10/01/11)             
8,705    Total U.S. Guaranteed            9,365,256 
    Utilities – 5.0% (3.2% of Total Investments)             
1,000    Elberton, Georgia, Combined Utility System Revenue Refunding and Improvement Bonds, Series    1/12 at 100.00    Aaa    1,004,090 
     2001, 5.000%, 1/01/22 – AMBAC Insured             
1,000    Georgia Municipal Electric Authority, General Power Revenue Bonds, Project 1, Series 2007A,    1/17 at 100.00    AAA    960,330 
     5.000%, 1/01/25 – MBIA Insured             
1,000    Municipal Electric Authority of Georgia, Project One Subordinated Lien Revenue Bonds, Series    1/13 at 100.00    AAA    1,005,910 
     2003A, 5.000%, 1/01/22 – MBIA Insured             
3,000    Total Utilities            2,970,330 
    Water and Sewer – 27.1% (17.7% of Total Investments)             
    Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2004:             
500     5.250%, 11/01/15 – FSA Insured    11/14 at 100.00    AAA    539,290 
1,700     5.000%, 11/01/37 – FSA Insured    11/14 at 100.00    AAA    1,607,044 
3,500    Augusta, Georgia, Water and Sewerage Revenue Bonds, Series 2002, 5.000%, 10/01/27 – FSA Insured    10/12 at 100.00    AAA    3,422,860 
    Coweta County Water and Sewer Authority, Georgia, Revenue Bonds, Series 2007:             
500     5.000%, 6/01/32    6/18 at 100.00    Aa3    476,340 
500     5.000%, 6/01/37    6/18 at 100.00    Aa3    472,820 
1,000    Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewer Revenue Bonds,    12/15 at 100.00    AAA    968,620 
     Series 2005, 5.000%, 6/01/29 – MBIA Insured             
445    Douglasville-Douglas County Water and Sewer Authority, Georgia, Water and Sewer Revenue Bonds,    6/17 at 100.00    AAA    423,324 
     Series 2007, 5.000%, 6/01/37 – MBIA Insured             
4,000    Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2002,    4/13 at 100.00    AA+    3,864,000 
     5.000%, 4/01/32             
375    Forsyth County Water and Sewerage Authority, Georgia, Revenue Bonds, Series 2007, 5.000%,    4/17 at 100.00    AAA    357,855 
     4/01/37 – FSA Insured             
950    Fulton County, Georgia, Water and Sewerage Revenue Bonds, Series 1998, 5.000%, 1/01/16 –    7/08 at 101.00    AA–    964,497 
     FGIC Insured             
3,100    Harris County, Georgia, Water System Revenue Bonds, Series 2002, 5.000%, 12/01/22 –    12/12 at 100.00    Aaa    3,107,564 
     AMBAC Insured             
16,570    Total Water and Sewer            16,204,214 
$        93,395    Total Investments (cost $95,656,438) – 153.7%            91,786,435 
    Other Assets Less Liabilities – 1.6%            924,515 
    Preferred Shares, at Liquidation Value – (55.3)% (5)            (33,000,000)
    Net Assets Applicable to Common Shares – 100%          $  59,710,950 

(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 reflects the ratings on certain bonds insured by AMBAC, CIFG, FGIC, MBIA and 
    XLCA as of February 29, 2008. Subsequent to February 29, 2008, at least one rating agency reduced the 
    rating for AMBAC-insured bonds to AA and at least one rating agency further reduced the ratings for CIFG- 
    insured, FGIC-insured and XLCA-insured bonds. As of February 29, 2008, one or more rating agencies have 
    placed each of these insurers on “negative credit watch”, which may presage one or more rating reductions 
    for such insurer or insurers in the future. If one or more insurers’ ratings are reduced by these rating 
    agencies, it would likely reduce the effective rating of many of the bonds insured by that insurer or insurers. 
(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 (36.0)%. 
N/R    Not rated. 

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. 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 29, 2008, the cost of investments was $95,827,882.

Gross unrealized appreciation and gross unrealized depreciation of investments at February 29, 2008, were as follows:

Gross unrealized:     
  Appreciation    $     453,988 
  Depreciation    (4,495,435) 
Net unrealized appreciation (depreciation) of investments    $(4,041,447) 

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 Georgia Dividend Advantage Municipal Fund 2         

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

Date         April 29, 2008        

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, 2008        

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

Date        April 29, 2008