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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000900092-09-000422.txt : 20090723
<SEC-HEADER>0000900092-09-000422.hdr.sgml : 20090723
<ACCEPTANCE-DATETIME>20090723161553
ACCESSION NUMBER:		0000900092-09-000422
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090531
FILED AS OF DATE:		20090723
DATE AS OF CHANGE:		20090723
EFFECTIVENESS DATE:		20090723

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BLACKROCK LTD DURATION INCOME TRUST
		CENTRAL INDEX KEY:			0001233681
		IRS NUMBER:				200096695
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21349
		FILM NUMBER:		09959587

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		888-825-227

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		STREET 2:		MUTUAL FUND DEPARTMENT
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK LIMITED DURATION INCOME TRUST
		DATE OF NAME CHANGE:	20030611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MANAGED DURATION INCOME TRUST
		DATE OF NAME CHANGE:	20030529

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACKROCK MANAGED DURATION TRUST
		DATE OF NAME CHANGE:	20030516
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>blwfinal.htm
<DESCRIPTION>BR LIMITED DURATION INCOME TRUST (BLW)
<TEXT>

<HTML>
<HEAD>
   <TITLE>blwfinal.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<P align="center">
<FONT face="ArialMT,Arial,Helvetica,sans-serif">UNITEDSTATES</FONT><BR>
<FONT face="ArialMT,Arial,Helvetica,sans-serif">SECURITIESANDEXCHANGECOMMISSION</FONT><BR>
<FONT face="ArialMT,Arial,Helvetica,sans-serif">Washington,D.C.20549</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FORM N-Q</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">MANAGEMENT INVESTMENT COMPANY</FONT></B></P>
<P align="left">
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Investment Company Act file number 811-21349</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Name of Fund: BlackRock Limited Duration Income Trust (BLW)</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Limited Duration Income Trust, 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">address: P.O. Box 9011, Princeton, NJ, 08543-9011</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Registrant&#146;s telephone number, including area code: (800) 882-0052, Option 4</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date of fiscal year end: 08/31/2009</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date of reporting period: 05/31/2009</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 1 &#150; Schedule of Investments</FONT></P>

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<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="27%"></TD>
     <TD width="33%"></TD>
     <TD width="9%"></TD>
     <TD width="6%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Asset-Backed Securities</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ford Credit Auto Owner Trust Series 2009-A</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Class A3B, 2.844%, 5/15/13 (a)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9,135</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 9,336,930</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sterling Bank Trust Series 2004-2 Class Note,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.081%, 3/30/30 (b)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">19,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,312,161</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sterling Coofs Trust Series 1, 2.362%, 4/15/29 (b)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">15,294</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,452,986</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Asset-Backed Securities - 2.4%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12,102,077</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Corporate Bonds</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Air Freight &amp; Logistics - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Park-Ohio Industries, Inc., 8.375%, 11/15/14</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">905</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">399,331</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Airlines - 0.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">American Airlines, Inc. Series 99-1, 7.324%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4/15/11</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">520</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">512,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Auto Components - 0.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Allison Transmission, Inc., 11%, 11/01/15 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">135</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">105,300</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Allison Transmission, Inc., 11.25%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/01/15 (c)(d)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">435</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">291,450</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lear Corp., 8.75%, 12/01/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">525</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">136,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">533,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Automobiles - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ford Capital BV, 9.50%, 6/01/10</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">425,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Building Products - 0.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CPG International I, Inc., 10.50%, 7/01/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">750</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">393,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Momentive Performance Materials, Inc., 11.50%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/01/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">890</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">209,150</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">602,900</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Capital Markets - 0.7%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">E*Trade Financial Corp., 12.50%, 11/30/17 (c)(d)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,656</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,759,766</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Marsico Parent Co., LLC, 10.625%, 1/15/16 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,651</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,086,910</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Marsico Parent Holdco, LLC, 12.50%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7/15/16 (c)(d)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,071</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">439,214</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Marsico Parent Superholdco, LLC, 14.50%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1/15/18 (c)(d)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">733</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">300,456</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,586,346</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Chemicals - 0.9%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">American Pacific Corp., 9%, 2/01/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,100</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">959,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ames True Temper, Inc., 5.131%, 1/15/12 (a)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,085</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,761,825</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Innophos, Inc., 8.875%, 8/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,225</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,996,937</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Terra Capital, Inc. Series B, 7%, 2/01/17</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">15</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">14,025</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,732,537</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Commercial Services &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Casella Waste Systems, Inc., 9.75%, 2/01/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,660,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Supplies - 1.2%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">DI Finance Series B, 9.50%, 2/15/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,326</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,262,035</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Waste Services, Inc., 9.50%, 4/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,065</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,920,450</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,842,485</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Containers &amp; Packaging - 0.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Berry Plastics Holding Corp., 4.504%, 9/15/14 (a)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">510</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">334,050</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Berry Plastics Holding Corp., 8.875%, 9/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">465</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">369,675</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Crown Americas LLC, 7.75%, 11/15/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">885</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">862,875</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Impress Holdings BV, 4.256%, 9/15/13 (a)(c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,370</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,181,625</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Pregis Corp., 12.375%, 10/15/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,020</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,282,700</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,030,925</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Diversified Financial</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ford Motor Credit Co., 7.375%, 2/01/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,800</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,549,627</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 1.4%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ford Motor Credit Co. LLC, 3.889%, 1/13/12 (a)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">565</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">446,350</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ford Motor Credit Co. LLC, 7.80%, 6/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,665</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,421,818</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GMAC LLC, 6.875%, 8/28/12 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,731</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,497,315</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1</FONT></P>
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<TR>
     <TD width="28%"></TD>
     <TD width="32%"></TD>
     <TD width="15%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Corporate Bonds</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Structured Asset Repackaged Trust, 1.602%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1/21/10</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,588</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 1,412,976</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,328,086</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Diversified Telecommunication</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cincinnati Bell, Inc., 7.25%, 7/15/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,330</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,260,175</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 3.2%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Deutsche Telekom International Finance BV,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8.50%, 6/15/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,295,850</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Qwest Communications International, Inc.,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7.50%, 2/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">610</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">561,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Qwest Communications International, Inc.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Series B, 7.50%, 2/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,985</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,746,200</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Qwest Corp., 3.879%, 6/15/13 (a)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,692,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Wind Acquisition Finance SA, 10.75%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/01/15 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,575,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Windstream Corp., 8.125%, 8/01/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,480</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,455,950</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Windstream Corp., 8.625%, 8/01/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">990</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">972,675</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">16,559,550</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Electric Utilities - 0.1%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Edison Mission Energy, 7.50%, 6/15/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">345</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">290,662</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Elwood Energy LLC, 8.159%, 7/05/26</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">141</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">114,374</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">405,036</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Electronic Equipment,</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sanmina-SCI Corp., 8.125%, 3/01/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,340</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">750,400</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Instruments &amp; Components - 0.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Energy Equipment &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Compagnie Generale de Geophysique-Veritas,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 0.1%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7.50%, 5/15/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">255</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">233,325</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Compagnie Generale de Geophysique-Veritas,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7.75%, 5/15/17</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">420</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">369,600</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">North American Energy Partners, Inc., 8.75%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/01/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">140</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">116,900</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">719,825</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Food &amp; Staples Retailing - 0.3%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Rite Aid Corp., 7.50%, 3/01/17</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,170</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,703,450</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Gas Utilities - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Targa Resources, Inc., 8.50%, 11/01/13</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">725</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">518,375</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Health Care Equipment &amp;</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Biomet, Inc., 10%, 10/15/17</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">511,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Supplies - 1.1%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">DJO Finance LLC, 10.875%, 11/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,420</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,264,400</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,775,650</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Health Care Providers &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Tenet Healthcare Corp., 9%, 5/01/15 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">812</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">828,240</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 0.7%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Tenet Healthcare Corp., 10%, 5/01/18 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">332</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">346,940</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Viant Holdings, Inc., 10.125%, 7/15/17 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,948</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,225,740</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,400,920</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Hotels, Restaurants &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">American Real Estate Partners LP, 8.125%, 6/01/12</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,860</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,303,300</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Leisure - 1.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">American Real Estate Partners LP, 7.125%, 2/15/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,480</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,265,400</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Greektown Holdings, LLC, 10.75%, 12/01/13 (c)(e)(f)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,344</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">94,080</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Harrah's Operating Co., Inc., 10%, 12/15/15 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">720</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">489,600</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Harrah's Operating Co., Inc., 10%, 12/15/18 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,231</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,156,692</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Tropicana Entertainment LLC Series WI, 9.625%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/15/14 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">375</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,875</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9,310,947</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Household Durables - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Berkline/BenchCraft, LLC, 4.50%, 11/03/12 (d)(e)(f)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">200</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2</FONT></P>
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<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Corporate Bonds</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">IT Services - 0.3%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">iPayment, Inc., 9.75%, 5/15/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">950</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 515,375</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">iPayment Investors LP, 12.75%, 7/15/14 (c)(d)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,473</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,118,396</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,633,771</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Independent Power Producers &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">The AES Corp., 8.75%, 5/15/13 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,803</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,852,052</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Energy Traders - 0.9%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Calpine Construction Finance Co. LP, 8%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/01/16 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,189,062</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NRG Energy, Inc., 7.25%, 2/01/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">210</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">201,075</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NRG Energy, Inc., 7.375%, 2/01/16</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">475</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">447,094</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,689,283</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industrial Conglomerates - 0.6%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sequa Corp., 11.75%, 12/01/15 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,210</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,428,450</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sequa Corp., 13.50%, 12/01/15 (c)(d)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,314</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,720,289</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,148,739</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Machinery - 0.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">AGY Holding Corp., 11%, 11/15/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,700</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,215,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Accuride Corp., 8.50%, 2/01/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">850</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">250,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sunstate Equipment Co. LLC, 10.50%, 4/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,125</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,250,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Synventive Molding Solutions Sub-Series A,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">14%, 1/14/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">702</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">280,867</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,997,117</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Marine - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Navios Maritime Holdings, Inc., 9.50%, 12/15/14</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">676</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">517,140</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Media - 5.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Affinion Group, Inc., 10.125%, 10/15/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,825</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,655,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CMP Susquehanna Corp., 4.753%, 5/15/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">194</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,880</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Charter Communications Holdings II, LLC,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10.25%, 9/15/10 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,155</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,143,450</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Charter Communications Holdings II, LLC</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Series B, 10.25%, 9/15/10 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">765</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">749,700</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Comcast Cable Communications LLC, 6.875%, 6/15/09</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,685</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,696,211</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">DIRECTV Holdings LLC, 8.375%, 3/15/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">503,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EchoStar DBS Corp., 7%, 10/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">200</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">189,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EchoStar DBS Corp., 7.125%, 2/01/16</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">200</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">184,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Local Insight Regatta Holdings, Inc., 11%, 12/01/17</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,575</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">425,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Network Communications, Inc., 10.75%, 12/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,520</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">304,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Nielsen Finance LLC, 10%, 8/01/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,695</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,519,487</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">ProtoStar I Ltd., 18%, 10/15/12 (c)(e)(f)(g)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,454</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,105,315</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Rainbow National Services LLC, 8.75%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9/01/12 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">925</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">935,406</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Rainbow National Services LLC, 10.375%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9/01/14 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,134</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,231,937</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Salem Communications Corp., 7.75%, 12/15/10</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">600,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">TL Acquisitions, Inc., 10.50%, 1/15/15 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,965</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,872,700</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">26,119,586</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Metals &amp; Mining - 0.2%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Freeport-McMoRan Copper &amp; Gold, Inc., 4.995%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4/01/15 (a)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,225</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,102,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Multiline Retail - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Saks, Inc., 7.50%, 12/01/13 (c)(g)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">180</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">175,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Oil, Gas &amp; Consumable</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Berry Petroleum Co., 8.25%, 11/01/16</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">550</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">459,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Fuels - 1.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Chesapeake Energy Corp., 6.375%, 6/15/15</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">650</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">557,375</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3</FONT></P>
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     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Corporate Bonds</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Compton Petroleum Finance Corp., 7.625%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">700</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 350,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EXCO Resources, Inc., 7.25%, 1/15/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">495</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">443,025</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Encore Acquisition Co., 6%, 7/15/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">206,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">OPTI Canada, Inc., 8.25%, 12/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,990</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,373,100</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Overseas Shipholding Group, Inc., 8.75%, 12/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,650</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,534,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sabine Pass LNG LP, 7.50%, 11/30/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,515</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,227,150</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">SandRidge Energy, Inc., 4.833%, 4/01/14 (a)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,185,463</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">SandRidge Energy, Inc., 8.625%, 4/01/15 (d)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">650</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">554,125</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Whiting Petroleum Corp., 7.25%, 5/01/12</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">75</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">69,938</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Whiting Petroleum Corp., 7.25%, 5/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,390</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,271,850</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9,232,026</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Paper &amp; Forest Products - 0.2%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Domtar Corp., 7.875%, 10/15/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">140</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">124,775</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NewPage Corp., 7.278%, 5/01/12 (a)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">727,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NewPage Corp., 10%, 5/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">635</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">355,600</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,207,875</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Professional Services - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">FTI Consulting, Inc., 7.75%, 10/01/16</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">350</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">343,875</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Real Estate Investment Trusts</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Rouse Co. LP, 5.375%, 11/26/13 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,245,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(REITs) - 0.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Software - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">BMS Holdings, Inc., 9.224%, 2/15/12 (a)(c)(d)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">543</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">65,352</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Specialty Retail - 1.9%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">General Nutrition Centers, Inc., 6.404%, 3/15/14 (a)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,856,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">General Nutrition Centers, Inc., 10.75%, 3/15/15</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,700</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,466,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Group 1 Automotive, Inc., 8.25%, 8/15/13 (g)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,125,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lazy Days' R.V. Center, Inc., 11.75%, 5/15/12 (e)(f)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,454</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">87,240</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sonic Automotive, Inc. Series B, 8.625%, 8/15/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,135</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,959,375</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9,494,115</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Textiles, Apparel &amp; Luxury</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Quiksilver, Inc., 6.875%, 4/15/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">575</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">382,375</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Goods - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Tobacco - 0.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Reynolds American, Inc., 7.625%, 6/01/16</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">981,587</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Wireless Telecommunication</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cricket Communications, Inc., 9.375%, 11/01/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">270</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">268,650</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 1.9%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cricket Communications, Inc., 7.75%, 5/15/16 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,174,062</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Digicel Group Ltd., 8.875%, 1/15/15 (c)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,120</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">896,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Digicel Group Ltd., 9.125%, 1/15/15 (c)(d)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,467</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,874,920</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">MetroPCS Wireless, Inc., 9.25%, 11/01/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">350</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">351,312</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Nordic Telephone Co. Holdings ApS, 8.875%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5/01/16 (c)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,850</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,850,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9,414,944</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Corporate Bonds - 27.5%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">140,887,998</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Foreign Government Obligations</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Peru Government International Bond,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8.375%, 5/03/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,871</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,616,263</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Turkey Government International Bond, 7%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9/26/16</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,093</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,143,930</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Foreign Government Obligations - 2.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10,760,193</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4</FONT></P>
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     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">U.S. Government Agency Sponsored</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Mortgage-Backed Securities</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fannie Mae Guaranteed Pass-Through Certificates:</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5.00%, 6/15/24 (h)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">121,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 125,121,502</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5.50%, 12/01/28 - 11/01/33 (i)(j)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,011</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,282,185</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total U.S. Government Agency Sponsored</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Mortgage-Backed Securities - 25.9%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">132,403,687</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Aerospace &amp; Defense - 0.9%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Avio SpA Facility B2, 2.444% - 3.936%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">995</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">675,649</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Avio SpA Facility C2, 3.069% - 4.561%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/14/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">678,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Hawker Beechcraft Acquisition Co. LLC Letter of</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Credit Facility Deposit, 3.22%, 3/26/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">267</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">153,196</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Hawker Beechcraft Acquisition Co. LLC Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 2.319% - 3.22%, 3/26/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,534</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,602,282</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">IAP Worldwide Services, Inc. Term Loan (First</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lien), 9.25%, 12/30/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">499</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">304,107</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,413,984</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Airlines - 0.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">US Airways Group, Inc. Term Loan, 2.809%, 3/21/14</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,190</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,180,167</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Auto Components - 0.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Allison Transmission, Inc. Term Loan, 3.12% - 3.15%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8/07/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,014</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,095,909</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Dana Holding Corp. Term Advance,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7.25%, 1/31/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">888</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">419,692</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Dayco Products LLC - (Mark IV Industries, Inc.)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Replacement Term B Loan, 8.06% - 8.75%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/21/11 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">854</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">165,021</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Dayco Products LLC - (Mark IV Industries, Inc.)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">U.S. Term Loan, 2% - 8.50%, 5/01/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">92</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">64,804</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Metaldyne Co. LLC DF Loan, 0.166% - 5.188%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1/11/12 (e)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">98</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11,671</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Metaldyne Co. LLC Initial Tranche B Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6.188%, 1/13/14 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">669</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">79,575</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,836,672</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Beverages - 0.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Culligan International Co. Loan (Second Lien),</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5.694% - 6.561%, 4/24/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">376,400</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Le-Nature's, Inc. Tranche B Term Loan, 10.25%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/01/11 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">100,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">476,400</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Building Products - 0.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Building Materials Corp. of America Term Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Advance, 3.063%, 2/22/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,592</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,186,310</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Custom Building Products, Inc. Loan (Second</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lien), 10.75%, 4/20/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">927,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Momentive Performance Materials (Blitz 06-103</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GmbH) Tranche B-2 Term Loan, 3.191%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/04/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">965,680</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Subcontractors, Inc. Tranche B Term Loan,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6.43% - 6.80%, 12/27/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,820</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">130,440</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,209,930</FONT>&nbsp;</TD></TR></TABLE><BR>
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<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Capital Markets - 0.3%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Marsico Parent Co., LLC Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4.625% - 7.50%, 12/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">463</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 220,143</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Nuveen Investments, Inc. Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.313% - 4.232%, 11/13/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,492</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,065,867</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,286,010</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Chemicals - 3.6%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ashland, Inc. Term Loan B, 7.65%, 5/13/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">998,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brenntag Holding GmbH &amp; Co. KG Facility 3A</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Second Lien), 5.646%, 3/21/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">115</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">106,950</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brenntag Holding GmbH &amp; Co. KG Facility 3B</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Second Lien), 5.501%, 7/17/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">320,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brenntag Holding GmbH &amp; Co. KG Facility 3B</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Second Lien), 5.646%, 3/15/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">385</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">358,159</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brenntag Holding GmbH &amp; Co. KG Facility B6A,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.597%, 11/24/37</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">282</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">339,643</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brenntag Holding GmbH &amp; Co. KG Facility B6B,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.597%, 11/24/37</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">218</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">262,950</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cognis GmbH Facility A (French), 3.65%, 11/17/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">803</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">950,498</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cognis GmbH Facility B (French), 3.65%, 11/16/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">197</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">229,206</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edwards (Cayman Islands II) Ltd. Term Loan (First</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lien), 2.32%, 5/31/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">491</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">303,961</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">ElectricInvest Holding Co. Ltd. (Viridian Group</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Plc) Junior Term Facility, 5.192%, 12/21/12</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GBP</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">900</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">922,256</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">ElectricInvest Holding Co. Ltd. (Viridian Group</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Plc) Junior Term Facility, 5.349%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4/20/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">894</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">802,238</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Huish Detergents Inc. Tranche B Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.07%, 4/26/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,241</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,141,288</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ineos US Finance LLC Term A4 Facility, 7.001%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/14/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">923</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">598,557</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ineos US Finance LLC Term B2 Facility, 7.501%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/16/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,631</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,034,072</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ineos US Finance LLC Term C2 Facility, 8.001%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/16/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,631</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,034,072</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Nalco Co. Term Loan B, 4.517%, 5/06/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,075</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,078,891</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">PQ Corp. (fka Niagara Acquisition, Inc.) Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Second Lien), 7.54%, 7/30/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,635,832</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">PQ Corp. (fka Niagara Acquisition, Inc.) Original</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan (First Lien), 4.29% - 4.47%, 7/31/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,970</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,997,350</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rockwood Specialties Group, Inc. Tranche E Term</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 2.069%, 7/30/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">945</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">881,213</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Solutia Inc. Loan, 7.25%, 2/28/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,737</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,398,751</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">18,394,637</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Commercial Services &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">ARAMARK Corp. Facility Letter of Credit, 4.063%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Supplies - 1.2%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1/26/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">185</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">167,877</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">ARAMARK Corp. U.S. Term Loan, 2.336%, 1/26/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,907</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,642,498</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6</FONT></P>
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<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="27%"></TD>
     <TD width="32%"></TD>
     <TD width="16%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EnviroSolutions Real Property Holdings, Inc. Initial</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 10.50%, 7/07/12</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">504</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 257,207</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Kion Group GmbH (formerly Neggio Holdings 3</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GmbH) Facility B, 2.319%, 12/29/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">105,469</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Kion Group GmbH (formerly Neggio Holdings 3</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GmbH) Facility C, 2.819%, 12/29/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">105,469</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">SIRVA Worldwide, Inc. Loan (Second Lien), 12%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5/12/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">253</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12,667</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Synagro Technologies, Inc. Term Loan (First Lien),</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.32% - 2.34%, 4/02/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,722</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,028,108</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">West Corp. Term B-2 Loan, 2.691% - 2.789%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10/24/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">883</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">762,757</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,082,052</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Communications Equipment -</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Safenet, Inc. Term Loan (First Lien), 2.849%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">0.3%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4/12/14</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,965</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,515,506</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Computers &amp; Peripherals - 0.4%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Intergraph Corp. Initial Term Loan (First Lien),</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.664%, 5/29/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,431</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,309,213</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Intergraph Corp. Second Lien Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6.316% - 6.664%, 11/28/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">750</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">656,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,965,463</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=3 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Construction &amp; Engineering - 0.1% </FONT></B><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brand Energy &amp; Infrastructure Services, Inc. (FR Brand</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Acquisition Corp.) First Lien Term Loan B,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.188% - 3.50%, 2/07/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">242</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">188,875</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brand Energy &amp; Infrastructure Services, Inc. (FR</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Brand Acquisition Corp.) Second Lien Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6.313% - 6.688%, 2/07/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">435,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">623,875</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Containers &amp; Packaging - 1.3%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Atlantis Plastic Films, Inc. Term Loan (Second</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lien), 15%, 3/22/12 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Graphic Packaging International, Inc. Incremental Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 3.07% - 3.958%, 5/16/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,340</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,169,904</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Modelo 3 S.a.r.l. (Mivisa) Tranche B2 Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Facility, 5.452%, 6/03/15</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,121,541</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Enterprise Inc. Canadian</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Revolving Facility (CAM Exchange),</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.88%, 11/01/10</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">152</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">127,215</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Enterprise, Inc. Deposit</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Funded LC Facility (CAM Exchange), 4.50%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/01/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">92</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">75,235</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Enterprise, Inc.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Tranche B (CAM Exchange), 2.63%, 11/01/11</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">105</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">85,619</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Enterprise, Inc.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Tranche C, 2.69%, 11/01/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">198</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">164,147</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Enterprise, Inc.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Tranche C-1 (CAM Exchange), 2.69%, 11/01/11</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">60</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">49,629</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7</FONT></P>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>

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<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="27%"></TD>
     <TD width="33%"></TD>
     <TD width="10%"></TD>
     <TD width="6%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Enterprise Inc. U.S.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Revolving Facility, 2.88% - 4.50%, 11/01/09</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">459</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 383,622</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Enterprise, Inc. U.S.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Revolving Loan (DIP) RC, 1%, 7/28/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">100</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">93,789</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Smurfit-Stone Container Inc. U.S. Term Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(DIP), 10%, 7/28/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,345</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,357,734</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Solo Cup Co. Term B1 Loan, 4.16% - 4.692%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2/27/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">929</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">887,281</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,515,716</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Distributors - 0.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Keystone Automotive Operations, Inc. Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.835% - 5.75%, 1/12/12</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,423</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">640,222</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Diversified Consumer</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Coinmach Corp. Term Loan, 3.31% - 3.76%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 0.7%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/14/14</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,702</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,573,810</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Diversified Financial</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">J.G. Wentworth, LLC Loan (First Lien), 3.47%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 0.2%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4/04/14 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,400</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">381,335</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Professional Service Industries, Inc. Term Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(First Lien), 3.07%, 10/31/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">620</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">310,223</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Protostar Working Capital Term Loan, 13%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9/30/10 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">407</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">398,860</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,090,418</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Diversified Telecommunication</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">BCM Ireland Holdings Ltd. (Eircom)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 1.4%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Facility B, 2.816%, 8/14/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,970</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,994,908</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">BCM Ireland Holdings Ltd. (Eircom) Facility C,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.066%, 8/14/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,970</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,995,130</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hawaiian Telcom Communications, Inc. Tranche C</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 4.75%, 5/30/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,905</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">962,275</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">PAETEC Holding Corp. Incremental Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.819%, 2/28/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">905,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Time Warner Telecom Holdings Inc. Term Loan B</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 2.32%, 1/07/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,058</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">976,382</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Wind Telecomunicazioni SpA A1 Term Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Facility, 2.349% - 2.406%, 9/22/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">424</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">536,280</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,369,975</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Electric Utilities - 0.2%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Astoria Generating Co. Acquisitions, LLC Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan C, 4.06%, 8/23/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">433,125</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">TPF Generation Holdings, LLC First Lien Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 2.319%, 12/15/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">441</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">407,029</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">TPF Generation Holdings, LLC Synthetic Letter of</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Credit Deposit (First Lien), 3.22%, 12/15/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">151</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">138,822</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TPF Generation Holdings, LLC Synthetic Revolving</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Deposit, 3.22%, 12/15/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">47</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">43,518</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,022,494</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Electrical Equipment - 0.4%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Electrical Components International Holdings Co.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(ECI) Term Loan (Second Lien), 11.50%, 5/01/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">50,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Generac Acquisition Corp. First Lien Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.911%, 11/10/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,464</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,005,734</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8</FONT></P>
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<TR>
     <TD width="28%"></TD>
     <TD width="33%"></TD>
     <TD width="14%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sensus Metering Systems New Term B-1,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.613% - 2.716%, 12/17/10</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,037</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 933,261</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,988,995</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Electronic Equipment,</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Flextronics International Ltd. A Closing Date Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Instruments &amp; Components - 0.9%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.57% - 3.458%, 10/01/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,830</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,067,441</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Flextronics International Ltd. A-1-A Delay Draw</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 3.381%, 10/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,100</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">881,449</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Matinvest 2 SAS/Butterfly Wendel US, Inc.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Deutsche Connector) B-2 Facility, 2.661%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/22/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">457</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">281,915</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Matinvest 2 SAS/Butterfly Wendel US, Inc.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Deutsche Connector) C-2 Facility, 2.661%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/22/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">738</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">455,963</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Matinvest 2 SAS, Inc. (Deutsche Connector) B-2 Facility,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.161%, 6/22/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">34</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">21,038</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Matinvest 2 SAS, Inc. (Deutsche Connector) C-2 Facility,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.239%, 6/22/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">113</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">69,653</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,777,459</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Energy Equipment &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Dresser, Inc. Term B Loan, 3.104%, 5/04/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,082</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,805,711</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 0.7%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">MEG Energy Corp. Initial Term Loan, 3.22%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4/03/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">485</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">417,706</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Trinidad USA Partnership LLP U.S. Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.918%, 5/01/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,454</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,177,537</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,400,954</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Food &amp; Staples</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">AB Acquisitions UK Topco 2 Ltd. (fka Alliance Boots)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Retailing - 1.2%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Facility B1, 3.60%, 7/09/15</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GBP</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,936,615</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">DSW Holdings Inc., Term Loan, 4.335%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10/29/12</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">342,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">WM. Bolthouse Farms, Inc. Term Loan (First Lien),</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.625%, 12/16/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">923</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">848,330</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,127,445</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Food Products - 1.3%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Dole Food Co., Inc. Credit-Linked Deposit, 8%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4/12/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">280</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">277,504</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Dole Food Co., Inc. Tranche B Term Loan, 7.25% -</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8%, 4/12/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">490</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">486,356</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Michael Foods Inc. Term Loan B, 6.50%, 4/24/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,503,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Solvest, Ltd. (Dole) Tranche C Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7.25% - 8%, 4/12/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,826</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,812,207</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sturm Foods, Inc. Initial Term Loan Second Lien,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7.125%, 7/31/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">197,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Wm. Wrigley Jr. Co. Tranche B Term Loan, 6.50%,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10/06/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,500</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,503,375</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,780,692</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Health Care Equipment &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Biomet, Inc. Dollar Term Loan, 3.313% - 4.222%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Supplies - 0.7%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/25/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,683</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,580,078</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9</FONT></P>
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<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">DJO Finance LLC (ReAble Therapeutics Finance</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">LLC) Term Loan, 3.319% - 4.22%, 5/20/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,469</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 2,179,906</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,759,984</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Health Care Providers &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CCS Medical, Inc. (Chronic Care) Term Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 2.9%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(First Lien), 4.97%, 9/30/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">578</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">263,886</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CHS/Community Health Systems, Inc. Delayed</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Draw Term Loan, 2.569%, 7/25/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">410</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">363,843</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CHS/Community Health Systems, Inc. Funded</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 2.569% - 2.924%, 7/25/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8,041</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,134,810</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Catalent Pharma Solutions, Inc. (fka Cardinal</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Health 409, Inc.) Term Loan, 3.191%, 11/19/37</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,965</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,000,113</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">DaVita, Inc. Tranche B-1 Term Loan B, 1.82% -</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.74%, 10/05/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">750</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">700,430</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">HCA Inc. Tranche A-1 Term Loan, 2.97%, 11/17/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,067</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,849,629</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">HealthSouth Corp. Term Loan, 2.82% - 2.85%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/10/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,318</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,128,333</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Surgical Care Affiliates, LLC Term Loan, 3.22%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/29/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">722</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">612,234</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">15,053,278</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Health Care Technology - 0.2%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sunquest Information Systems, Inc. (Misys Hospital</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Systems, Inc.) Term Loan, 3.57% - 4.29%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10/13/14</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,478</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,216,475</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Hotels, Restaurants &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">BLB Worldwide Holdings, Inc. (Wembley, Inc.)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Leisure - 1.9%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">First Priority Term Loan, 4.75%, 7/18/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,989</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">626,537</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CCM Merger Inc. (Motor City Casino) Term B Loan,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8.50%, 7/13/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,514</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,146,934</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Green Valley Ranch Gaming, LLC First Lien Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.149% - 4%, 2/16/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">472</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">255,961</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Green Valley Ranch Gaming, LLC Second Lien</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 3.599%, 8/16/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">150,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Harrah's Operating Co., Inc. Term B-1 Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.319% - 4.092%, 1/28/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">550</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">422,570</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Harrah's Operating Co., Inc. Term B-2 Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.319% - 4.092%, 1/28/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">693</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">531,108</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Harrah's Operating Co., Inc. Term B-3 Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.286% - 4.092%, 1/28/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">804</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">617,246</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">OSI Restaurant Partners, LLC Pre-Funded RC Loan,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1.14%, 6/14/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">32</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">23,604</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Penn National Gaming, Inc. Term Loan B,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.06% - 2.72%, 10/03/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,015</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,775,230</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">QCE, LLC (Quiznos) Term Loan (First Lien), 3.50%,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5/05/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,945</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,240,910</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Travelport LLC (fka Travelport Inc.) Loan, 7.82%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/27/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,545</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,158,921</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9,949,021</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10</FONT></P>
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<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Household Durables - 0.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Berkline/Benchcraft, LLC Term Loan, 4.069%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/03/11 (e)(f)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">95</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 4,735</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Jarden Corp. Term Loan B3, 3.72%, 1/24/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">818</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">784,091</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Simmons Bedding Co. Tranche D Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10.50%, 12/19/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,736,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Yankee Candle Co., Inc. Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.32% - 3.22%, 2/06/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">947</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">806,643</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,331,969</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Household Products - 0.2%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Central Garden &amp; Pet Co. Tranche B Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1.82%, 9/30/12</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">993</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">809,654</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">IT Services - 2.0%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Amadeus IT Group SA/Amadeus Verwaltungs</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GmbH WAM Acquisition Term B3 Facility, 2.932%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/30/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">307</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">325,844</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Amadeus IT Group SA/Amadeus Verwaltungs</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GmbH WAM Acquisition Term B4 Facility, 2.932%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/30/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">184</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">194,571</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Amadeus IT Group SA/Amadeus Verwaltungs</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GmbH WAM Acquisition Term C3 Facility, 3.432%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/30/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">307</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">325,844</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Amadeus IT Group SA/Amadeus Verwaltungs</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GmbH WAM Acquisition Term C4 Facility, 3.432%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/30/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">184</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">194,544</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Audio Visual Services Group, Inc. Loan (Second</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lien), 7.72%, 8/28/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,020</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">64,593</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Ceridian Corp. U.S. Term Loan, 3.316%, 11/09/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,460</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,547,554</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">First Data Corp. Initial Tranche B-1 Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.059% - 3.069%, 9/24/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,673</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,692,737</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">First Data Corp. Initial Tranche B-2 Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.059% - 3.069%, 9/24/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,241</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">909,481</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">First Data Corp. Initial Tranche B-3 Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.059% - 3.069%, 9/24/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">564</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">414,017</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">RedPrairie Corp. Term Loan B, 3.688% - 5.25%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7/20/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">607</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">436,794</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">SunGard Data Systems Inc. (Solar Capital Corp.)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Incremental Term Loan, 6.75%, 2/28/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,200</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,179,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">SunGard Data Systems Inc. (Solar Capital Corp.)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">New U.S. Term Loan, 2.132% - 2.724%, 2/28/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">353</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">320,343</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Verifone, Inc. Term B Loan, 3.07%, 10/31/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">915</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">823,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10,428,822</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Independent Power Producers</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Texas Competitive Electric Holdings Co., LLC</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">&amp; Energy Traders - 1.5%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(TXU) Initial Tranche B-2 Term Loan, 3.819%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10/10/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,199</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,890,796</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Texas Competitive Electric Holdings Co., LLC</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(TXU) Initial Tranche B-3 Term Loan, 3.819% -</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.882%, 10/10/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,251</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,956,072</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,846,868</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11</FONT></P>
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<TR>
     <TD width="23%"></TD>
     <TD width="36%"></TD>
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     <TD width="6%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Insurance - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Conseco, Inc. Term Loan, 7.50%, 10/10/13</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">730</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 430,819</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Leisure Equipment &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">24 Hour Fitness Worldwide, Inc. Tranche B Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Products - 0.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 2.82% - 3.67%, 6/08/12</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">970</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">659,600</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Life Sciences Tools &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Life Technologies Corp. Term B Facility, 5.25%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 0.4%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/20/15</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,239</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,232,873</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Machinery - 1.5%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Blount, Inc. Term Loan B, 2.07% - 2.094%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8/09/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">653</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">597,356</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">LN Acquisition Corp. (Lincoln Industrial) Initial</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan (Second Lien), 6.10%, 1/09/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,095,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NACCO Materials Handling Group, Inc. Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.319% - 3.413%, 3/21/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">486</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">194,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Navistar International Corp. Revolving Credit-</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Linked Deposit, 0.166% - 3.569%, 1/19/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,253</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,045,191</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Navistar International Corp. Term Advance,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.569%, 1/19/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,447</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,874,275</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Oshkosh Truck Corp. Term B Loan, 7.15% - 7.32%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/06/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,818</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,556,893</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Standard Steel, LLC Delayed Draw Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8.25%, 7/02/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">75</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">40,998</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Standard Steel, LLC Initial Term Loan, 9%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7/02/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">370</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">203,418</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,607,631</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Marine - 0.2%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Delphi Acquisition Holding I BV (fka Dockwise)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Facility B2, 3.22%, 1/12/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">990</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">625,538</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Delphi Acquisition Holding I BV (fka Dockwise)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Facility C2, 4.095%, 1/11/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">990</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">625,538</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,251,076</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Media - 11.8%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Acosta, Inc. Term Loan, 2.57%, 7/28/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">973</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">875,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Affinion Group Holdings, Inc. Loan, 9.273%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">650,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">AlixPartners, LLP Tranche C Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.35% - 3.14%, 10/12/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,446</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,366,507</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Alpha Topco Ltd. (Formula One) Facility B1,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.694%, 12/31/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">840</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">588,150</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Alpha Topco Ltd. (Formula One) Facility B2,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.694%, 12/31/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">589</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">412,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Alpha Topco Ltd. (Formula One) Facility D,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5.311%, 6/30/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">480,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Atlantic Broadband Finance, LLC Tranche B-2</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 3.47%, 6/30/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">973</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">925,478</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CSC Holdings Inc. (Cablevision) Incremental B</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 2.094% - 2.25%, 3/29/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,888</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,706,292</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Catalina Marketing Corp. Initial Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.395%, 10/01/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,077</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">977,786</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12</FONT></P>
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<TR>
     <TD width="18%"></TD>
     <TD width="44%"></TD>
     <TD width="14%"></TD>
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     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cengage Learning Acquisitions, Inc. (Thomson</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Learning) Tranche 1 Incremental Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7.50%, 7/03/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,722</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 3,567,417</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cequel Communications, LLC Term Loan, 2.349% -</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.401%, 11/05/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,360</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,634,132</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Charter Communications Operating, LLC New</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 6.25%, 3/06/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,290</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,788,339</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Charter Communications Term Loan B1, 6.028%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/25/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">750</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">728,125</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Clarke American Corp. Tranche B Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.819% - 3.72%, 6/30/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,375</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,601,858</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Discovery Communications Holding, LLC Term B</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 3.22%, 5/14/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">726</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">677,925</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FoxCo Acquisition, LLC Term Loan, 6.50% - 7.25%,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7/14/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">900</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">569,353</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Gray Television, Inc. Term Loan B, 3% - 3.92%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/31/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">729</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">391,224</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HIT Entertainment, Inc. Term Loan (Second Lien),</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6.51%, 2/26/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">250,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">HMH Publishing Co. Ltd. Mezzanine, 10.16%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/14/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9,184</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,836,712</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Hanley-Wood, LLC (FSC Acquisition) Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.563% - 2.599%, 3/08/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,479</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">526,740</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Insight Midwest Holdings, LLC B Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.41%, 4/07/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,550</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,429,229</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Intelsat Corp. (fka PanAmSat Corp.) Term B-2-A</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 2.914%, 1/03/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">589</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">537,301</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Intelsat Corp. (fka PanAmSat Corp.) Term B-2-B</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 2.914%, 1/03/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">589</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">537,138</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Intelsat Corp. (fka PanAmSat Corp.) Term B-2-C</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 2.914%, 1/03/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">589</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">537,138</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Knology, Inc. Term Loan, 2.57%, 6/30/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">484</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">425,947</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lamar Advertising Co. Term Loan B, 5.50%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9/30/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,240</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,221,400</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lavena Holding 3 GmbH (Prosiebensat.1 Media</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">AG) Facility B1, 4.589%, 6/30/15</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">337</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">111,759</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lavena Holding 3 GmbH (Prosiebensat.1 Media</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">AG) Facility C1, 4.839%, 6/30/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">337</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">111,759</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lavena Holding 3 GmbH (Prosiebensat.1 Media</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">AG) Facility D, 5.964%, 12/28/16</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">904</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">51,135</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">MCC Iowa LLC (Mediacom Broadband Group)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Tranche D-1 Term Loan, 2.04%, 1/31/15</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,705</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,552,403</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">MCNA Cable Holdings LLC (OneLink</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Communications) Loan (PIK Facility), 8.31%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/01/13 (d)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,855</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">370,926</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">13</FONT></P>
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     <TD width="23%"></TD>
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<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Mediacom Broadband (Term Loan E), 2.04%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/30/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">450</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 447,188</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Metro-Goldwyn-Mayer Inc. Tranche B Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.569%, 4/09/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,764</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,578,085</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Mission Broadcasting, Inc. Term B Loan, 2.97%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">10/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,776</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,190,124</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multicultural Radio Broadcasting, Inc. Term Loan,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3.164%, 12/18/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">327</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">207,645</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NTL Cable Plc Term Loan, 3.889%, 11/19/37</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GBP</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,101</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,598,407</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NV Broadcasting, LLC Term Loan (First Lien),</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5.25%, 11/01/13 (e)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">821</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">205,367</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Newsday, LLC Fixed Rate Term Loan, 9.75%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8/01/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,496,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Nexstar Broadcasting, Inc. Term B Loan, 2.60% -</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.79%, 10/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,878</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,258,132</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Nielsen Finance LLC Dollar Term Loan, 2.382%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8/09/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,208</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,705,416</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Parkin Broadcasting, LLC Term Loan, 5.25%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/01/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">169</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">42,127</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Penton Media, Inc. Loan (Second Lien), 6.039%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2/01/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">96,250</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Penton Media, Inc. Term Loan (First Lien),</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.569% - 3.289%, 2/01/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,103</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">650,475</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Puerto Rico Cable Acquisition Co. Inc. (D/B/A</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Choice TV) Term Loan (Second Lien), 7.875%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2/15/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">692</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">346,154</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sunshine Acquisition Ltd. (aka HIT Entertainment)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Facility, 3.26%, 7/31/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,268</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">672,056</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">TWCC Holding Corp. Term Loan, 7.25%, 9/14/15</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,499</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,490,939</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telecommunications Management, LLC Multi-Draw</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 3.819%, 6/30/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">233</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">156,032</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Telecommunications Management, LLC Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 3.819%, 6/30/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">924</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">618,996</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">UPC Financing Partnership Facility M, 2.943%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">11/19/37</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,013</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,649,548</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Virgin Media Investment Holdings Ltd. (fka NTL) C</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Facility, 4.192%, 7/17/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GBP</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,641,021</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=6 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wallace Theater Corp. (Hollywood Theaters) First</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lien Term Loan, 5.50%, 7/31/09</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">400</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">320,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Yell Group Plc Facility B2, 3.941%, 4/30/11</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,387,788</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">60,197,923</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Metals &amp; Mining - 0.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Essar Steel Algoma, Inc. (fka Algoma Steel, Inc.)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term Loan, 2.82%, 6/20/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">496</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">300,208</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">14</FONT></P>
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     <TD width="27%"></TD>
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     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Euramax International Holdings BV European Laon</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Second Lien), 13%, 6/29/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">83</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 2,499</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Euramax International, Inc. Domestic Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Second Lien), 13%, 6/29/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">168</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,038</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">307,745</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Multi-Utilities - 0.3%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">FirstLight Power Resources, Inc. (fka NE Energy,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Inc.) First Lien Term Loan B, 3.75%, 11/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,230</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,100,212</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">FirstLight Power Resources, Inc. (fka NE Energy,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Inc.) Synthetic Letter of Credit, 3.75%, 11/01/13</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">159</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">141,758</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Mach Gen, LLC Synthetic Letter of Credit Loan</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(First Lien), 3.232%, 2/22/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">69</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">58,177</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,300,147</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Oil, Gas &amp; Consumable</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Big West Oil, LLC Delayed Advance Loan, 6.50%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Fuels - 1.3%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,117</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">877,163</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Big West Oil, LLC Initial Advance Loan, 6.50%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5/15/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">670</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">526,025</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Coffeyville Resources, LLC Funded Letter of</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Credit, 8.75%, 12/28/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">243</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">215,676</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Coffeyville Resources, LLC Tranche D Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8.75%, 12/30/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">781</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">692,908</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Drummond Co., Inc. Term Advance, 1.563%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2/14/11</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,200</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,164,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Niska Gas Storage Canada ULC Canadian Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan B, 2.099%, 5/12/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">452</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">419,557</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Niska Gas Storage US, LLC U.S. Term B Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.099%, 5/12/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">47</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">44,093</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Niska Gas Storage US, LLC Wild Goose Acquisition</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Draw-U.S. Term B, 2.085%, 5/12/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">32</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">29,868</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Turbo Beta Ltd. Dollar Facility, 14.50%, 3/15/18</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,068</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,454,022</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6,423,312</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Paper &amp; Forest Products - 1.6%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Georgia-Pacific LLC Additional Term B Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.319% - 3.293%, 12/20/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,203</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,041,429</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Georgia-Pacific LLC Term B Loan, 2.319% - 3.293%,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">12/20/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,248</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">4,863,197</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">NewPage Corp. Term Loan, 4.063% - 5%, 12/22/14</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,697</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,364,569</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Verso Paper Finance Holdings LLC Loan, 7.278% -</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8.028%, 2/01/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">589</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">29,445</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8,298,640</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Personal Products - 0.3%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">American Safety Razor Co., LLC Loan (Second</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Lien), 6.57%, 1/30/14</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,500</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,775,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Real Estate Management &amp;</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Enclave Term Loan B, 6.14%, 3/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">450,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Development - 0.2%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Georgian Towers Term Loan, 6.14%, 3/01/12</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">315,087</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Pivotal Promontory, LLC Second Lien Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">14.75%, 8/31/11 (e)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">750</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">37,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">802,587</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">15</FONT></P>
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<TR>
     <TD width="27%"></TD>
     <TD width="33%"></TD>
     <TD width="15%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Par</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Floating Rate Loan Interests</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Road &amp; Rail - 0.3%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">RailAmerica, Inc. Canadian Term Loan, 5.20%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8/14/09</FONT>&nbsp;</TD>
     <TD align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">91</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 87,096</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">RailAmerica, Inc. U.S. Term Loan, 5.20%, 8/14/09</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,409</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,345,404</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,432,500</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Software - 0.1%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Bankruptcy Management Solutions, Inc. First Lien Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 4.32%, 7/31/12</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">945</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500,982</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Specialty Retail - 0.6%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Adesa, Inc. (KAR Holdings, Inc.) Initial Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.57% - 3.47%, 10/20/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,250</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,070,312</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Burlington Coat Factory Warehouse Corp. Term</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Loan, 2.57%, 5/28/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">585</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">405,607</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Eye Care Centers of America, Inc. Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.82% - 3.74%, 3/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">525</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">461,565</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">OSH Properties LLC (Orchard Supply) - B - Note</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(Participation), 2.795%, 12/21/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,500</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">975,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,912,484</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Textiles, Apparel &amp; Luxury</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Hanesbrands Inc. Term B Loan, 5.085% - 5.842%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Goods - 0.2%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">9/05/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">872</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">852,029</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">St. John Knits International, Inc. Term Loan, 9%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/23/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">631</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">409,930</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,261,959</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Trading Companies &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Beacon Sales Acquisition, Inc. Term B Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Distributors - 0.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.313% - 3.208%, 9/30/13</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,194</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,020,656</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Transportation Infrastructure -</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Optasite Towers LLC Loan, 1.994%, 11/01/10</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,490</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,325,949</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">0.3%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Wireless Telecommunication</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cellular South, Inc. Delayed Draw Term Loan,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 1.0%</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2.069%, 5/29/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">500</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">468,750</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Cellular South, Inc. Term Loan, 2.069% - 4%,</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,474</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,381,641</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5/29/14</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cricket Communications, Inc. (aka Leap Wireless)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Term B Loan, 5.75%, 6/16/13</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,140</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2,149,090</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">International Finance Ltd., Tranche A, 3.75%,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3/01/12</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,150</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,043,625</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,043,106</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Floating Rate Loan Interests - 47.9%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">245,453,936</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">U.S. Government Obligations</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Fannie Mae, 7.25%, 1/15/10</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">17,000</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">17,702,440</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">U.S. Treasury Notes, 3.375%, 9/15/09</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,425</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3,455,904</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">U.S. Treasury Notes, 4.25%, 8/15/15</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,815</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,972,537</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total U.S. Government Obligations - 4.5%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">23,130,881</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Common Stocks</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Shares</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Commercial Services &amp;</FONT></B>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Sirva</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Supplies - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,109</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,545</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Common Stocks - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,545</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">16</FONT></P>
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<TR>
     <TD width="27%"></TD>
     <TD width="32%"></TD>
     <TD width="10%"></TD>
     <TD width="5%"></TD>
     <TD width="10%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=4 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Percentages shown are based on Net Assets)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Preferred Stocks</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Shares</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Capital Markets - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Marsico Parent Superholdco, LLC, 16.75% (c)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">177</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 49,560</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Media - 0.0%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CMP Susquemanna Radio Holdings Corp.,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5.50% (a)(c)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">45,243</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Preferred Stocks - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">49,560</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Industry</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Warrants (k)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Machinery - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Synventive Molding Solutions (expires 1/15/13)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Media - 0.0%</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">CMP Susquemanna Radio Holdings Corp.</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(expires 3/26/19) (c)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">51,701</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Warrants - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Beneficial</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Interest</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Other Interests (l)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Health Care Providers &amp;</FONT></B>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Critical Care Systems International, Inc.</FONT>&nbsp;</TD>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">8</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,525</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Services - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Household Durables - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Berkline/Benchcraft Equity LLC</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">3</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Other Interests - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,525</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Long-Term Investments</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Cost - $691,659,936) - 110.3%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">564,795,403</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Short-Term Securities</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Shares</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">BlackRock Liquidity Funds, TempFund,</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">0.535% (m)(n)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">69,690,000</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">69,690,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Short-Term Securities</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Cost - $69,690,000) - 13.6%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">69,690,000</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Options Purchased</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Contracts</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Over-the-Counter Call Options</FONT></B>&nbsp;</TD>
     <TD colSpan=3 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Marsico Parent Superholdco LLC, expiring December</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">2009 at USD942.86, Broker Goldman Sachs &amp; Co.</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">46</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">73,600</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Options Purchased</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Cost - $44,978) - 0.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">73,600</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total Investments</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(Cost - $761,394,914*) - 123.9%</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">634,559,003</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Liabilities in Excess of Other Assets - (23.9)%</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(122,305,161)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Net Assets - 100.0%</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 512,253,842</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">* The cost and unrealized appreciation (depreciation) of investments as of May 31, 2009, as</FONT></P>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">computed for federal income tax purposes, were as follows:</FONT></P>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="57%"></TD>
     <TD width="42%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Aggregate cost</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 761,463,322</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Gross unrealized appreciation</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 4,929,624</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Gross unrealized depreciation</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(131,833,943)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Net unrealized depreciation</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ (126,904,319)</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(a) Variable rate security. Rate shown is as of report date.</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(b) Represents the interest only portion of a mortgage-backed security and has either a nominal or a notional amount of</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">principal.</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">transactions exempt from registration to qualified institutional investors.</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(d) Represents a payment-in-kind security which may pay interest/dividends in additional par/shares.</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(e) Issuer filed for bankruptcy and/or is in default of interest payments.</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(f) Non-income producing security.</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(g) Convertible security.</FONT></P>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">17</FONT></P>
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<P align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B><BR>
<BR>
<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B></P>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(h) Represents or includes a "to-be-announced" transaction. The Trust has committed to</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">purchasing securities for which all specific information is not available at this time.</FONT></P>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="33%"></TD>
     <TD width="35%"></TD>
     <TD width="31%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Market</FONT></B>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Unrealized</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Counterparty</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Appreciation</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Barclays Capital Plc</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 125,121,502</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 151,190</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(i) All or a portion of security has been pledged as collateral in connection with open swap contracts.</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(j) All or a portion of security has been pledged as collateral for futures.</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(k) Warrants entitle the Trust to purchase a predetermined number of shares of common stock and are non-income</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">producing. The purchase price and number of shares are subject to adjustment under certain conditions until the</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">expiration date.</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(l) Other interests represent beneficial interest in liquidation trusts and other reorganization entities and are non-</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">income producing.</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(m) Represents the current yield as of report date.</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(n) Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Company Act of 1940, were as follows:</FONT></P>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="53%"></TD>
     <TD width="30%"></TD>
     <TD width="16%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Affiliate</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Net Activity</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Income</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">BlackRock Liquidity Funds, TempFund</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">69,690,000</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 99,787</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; For Trust compliance purposes, the Trust&#146;s industry classifications refer to any one or more of the industry sub-</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Trust management. This definition may not apply for purposes of this report, which may combine industry sub-</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">classifications for reporting ease.</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Financial futures contracts purchased as of May 31, 2009 were as follows:</FONT></P>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="9%"></TD>
     <TD width="11%"></TD>
     <TD width="5%"></TD>
     <TD width="18%"></TD>
     <TD width="20%"></TD>
     <TD width="9%"></TD>
     <TD width="11%"></TD>
     <TD width="13%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Expiration</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Face</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Unrealized</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left>&nbsp; &nbsp;<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Contracts</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Issue</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Date</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Value</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Depreciation</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">53</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=3 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5-Year U.S. Treasury Bond</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">September 2009</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 6,141,208</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ (21,364)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=5 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Foreign currency exchange contracts as of May 31, 2009 were as follows:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Settlement</FONT></B>&nbsp;</TD>
     <TD align=right>&nbsp;<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Unrealized</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=left>&nbsp; &nbsp;<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Currency Purchased</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Currency Sold</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Counterparty</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Date</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Depreciation</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7,987,080</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GBP</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,689,500</FONT>&nbsp;</TD>
     <TD align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">UBS AG</FONT>&nbsp;</TD>
     <TD colSpan=2 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">6/10/09</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ (1,208,389)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; &nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">18,144,564</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">13,322,000</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Citibank NA</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">7/15/09</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(681,721)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ (1,890,110)</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Credit default swaps on traded indexes - buy protection outstanding as of May 31, 2009 were as follows:</FONT></P>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="14%"></TD>
     <TD width="11%"></TD>
     <TD width="18%"></TD>
     <TD width="20%"></TD>
     <TD width="8%"></TD>
     <TD width="10%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Pay</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Notional</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Fixed</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Amount</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Unrealized</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Issuer</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Rate</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Counterparty</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Expiration</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">(000)</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Depreciation</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">LCDX Index</FONT>&nbsp;</TD>
     <TD align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5.00%</FONT>&nbsp;</TD>
     <TD align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Credit Suisse</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">International</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">June 2014</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">1,000</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ (13,531)</FONT>&nbsp;</TD></TR></TABLE><BR>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="100%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Currency Abbreviations:</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">EUR Euro</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">GBP British Pound</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp; &nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">USD US Dollar</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">18</FONT></P>
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<P align=left><B><FONT face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">BlackRock Limited Duration Income Trust</FONT></B><BR>
<BR>
<B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Schedule of Investments May 31, 2009 (Unaudited)</FONT></B></P>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Effective September 1, 2008, the Trust adopted Financial Accounting Standards Board Statement of Financial</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157"). FAS 157 clarifies the definition of fair value,</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">establishes a framework for measuring fair values and requires additional disclosures about the use of fair value</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">measurements. Various inputs are used in determining the fair value of investments, which are as follows:</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Level 1 - price quotations in active markets/exchanges for identical securities</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Level 2 - other observable inputs (including, but not limited to: quoted prices for similar assets or liabilities in</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active,</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">corroborated inputs)</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">&#149; Level 3 - unobservable inputs based on the best information available in the circumstances, to the extent</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">observable inputs are not available (including the Trust's own assumptions used in determining the fair value of</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">investments)</FONT><BR>
<BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">investing in those securities. For information about the Trust's policy regarding valuation of investments and other</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">significant accounting policies, please refer to the Trust's most recent financial statements as contained in its semi-</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">annual report.</FONT></P>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">The following table summarizes the inputs used as of May 31, 2009 in determining the fair</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">valuation of the Trust's investments:</FONT></P>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="16%"></TD>
     <TD width="35%"></TD>
     <TD width="16%"></TD>
     <TD width="8%"></TD>
     <TD width="7%"></TD>
     <TD width="16%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Valuation</FONT></B>&nbsp;</TD>
     <TD align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Investments in</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Other Financial</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Inputs</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Securities</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Instruments*</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Assets</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Assets</FONT></B>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Liabilities</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Level 1</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 69,690,000</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD>
     <TD align=right></TD>
     <TD colSpan=2 align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ (21,364)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Level 2</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">466,446,336</FONT>&nbsp;</TD>
     <TD colSpan=2 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 73,600</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(1,903,641)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Level 3</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">98,349,067</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Total</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 634,485,403</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" colSpan=2 align=center><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 73,600</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" colSpan=2 align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ (1,925,005)</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">* Other financial instruments are swaps, futures, options and foreign currency exchange contracts. Swaps, futures and</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">foreign currency exchange contracts are valued at the unrealized appreciation/depreciation on the instrument and</FONT><BR>
<FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">options are shown at market value.</FONT></P>
<TABLE border=0 cellSpacing=0>
<TR>
     <TD width="50%"></TD>
     <TD width="36%"></TD>
     <TD width="12%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=2 align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">The following is a reconciliation of investments for unobservable inputs (Level 3)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">used in determining fair value:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD colSpan=2 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Investments in</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" colSpan=2 align=right><B><FONT size=2 face="Trebuchet MS,Bold,Arial,Helvetica,sans-serif">Securities</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Balance, as of August 31, 2008</FONT>&nbsp;</TD>
     <TD colSpan=2 align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 27,082,546</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Realized loss</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(8,636,430)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Change in unrealized appreciation (depreciation)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">5,338,580</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Net purchases (sales)</FONT>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">(9,308,916)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Net transfers in Level 3</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">83,873,287</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">Balance, as of May 31, 2009</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 3px double" colSpan=2 align=right><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">$ 98,349,067</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=left><FONT size=2 face="Trebuchet MS,Arial,Helvetica,sans-serif">19</FONT></P>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 2 &#150; Controls and Procedures</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2(a) &#150; The registrant&#146;s principal executive and principal financial officers or persons performing</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">similar functions have concluded that the registrant&#146;s disclosure controls and procedures (as</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">&#147;1940 Act&#148;)) are effective as of a date within 90 days of the filing of this report based on the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and Rule 13(a)-15(b) under the Securities Exchange Act of 1934, as amended.</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2(b) &#150; There were no changes in the registrant&#146;s internal control over financial reporting (as</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant&#146;s last fiscal</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">quarter that have materially affected, or are reasonably likely to materially affect, the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registrant&#146;s internal control over financial reporting.</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 3 &#150; Exhibits</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Certifications &#150; Attached hereto</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the undersigned, thereunto duly authorized.</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">BlackRock Limited Duration Income Trust</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">By: </FONT><U><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Donald C. Burke</FONT></U><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Donald C. Burke</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chief Executive Officer of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">BlackRock Limited Duration Income Trust</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date: July 15, 2009</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Company Act of 1940, this report has been signed below by the following persons on behalf</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the registrant and in the capacities and on the dates indicated.</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">By: </FONT><U><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Donald C. Burke</FONT></U><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Donald C. Burke</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chief Executive Officer (principal executive officer) of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">BlackRock Limited Duration Income Trust</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date: July 15, 2009</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">By: </FONT><U><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Neal J. Andrews</FONT></U><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Neal J. Andrews</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chief Financial Officer (principal financial officer) of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">BlackRock Limited Duration Income Trust</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date: July 15, 2009</FONT></P>

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<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>certsblw.htm
<DESCRIPTION>CERTIFICATION
<TEXT>

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<P align="left"> <B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">EX-99.CERT</FONT></B><BR>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF</FONT></B><BR>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">THE SARBANES-OXLEY ACT OF 2002</FONT></B><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">I, Donald C. Burke, Chief Executive Officer (principal executive officer) of BlackRock Limited Duration Income Trust,</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">certify that:</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1. I have reviewed this report on Form N-Q of BlackRock Limited Duration Income Trust;</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">material fact necessary to make the statements made, in light of the circumstances under which such statements were made,</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">not misleading with respect to the period covered by this report;</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">the investments of the registrant as of the end of the fiscal quarter for which the report is filed;</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">designed under our supervision, to ensure that material information relating to the registrant, including its</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">which this report is being prepared;</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) designed such internal control over financial reporting, or caused such internal control over financial</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">financial reporting and the preparation of financial statements for external purposes in accordance with generally</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">accepted accounting principles;</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">days prior to the filing date of this report, based on such evaluation; and</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">d) disclosed in this report any change in the registrant's internal control over financial reporting that</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">materially affect, the registrant's internal control over financial reporting; and</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">of the registrant's board of directors (or persons performing the equivalent functions):</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) all significant deficiencies and material weaknesses in the design or operation of internal control over</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process,</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">summarize, and report financial information; and</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) any fraud, whether or not material, that involves management or other employees who have a significant</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">role in the registrant's internal control over financial reporting.</FONT><BR>
<BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date: July 15, 2009</FONT><BR>
<BR>
<U><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Donald C. Burke</FONT></U><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Donald C. Burke</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chief Executive Officer (principal executive officer) of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">BlackRock Limited Duration Income Trust</FONT></P>
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<P align="left"> <B><FONT size=2 face="Arial-BoldMT,Arial,Helvetica,sans-serif">EX-99.CERT</FONT></B><BR>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND</FONT></B><BR>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</FONT></B><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of BlackRock Limited Duration</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Income Trust, certify that:</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1. I have reviewed this report on Form N-Q of BlackRock Limited Duration Income Trust;</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">omit to state a material fact necessary to make the statements made, in light of the circumstances under</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">which such statements were made, not misleading with respect to the period covered by this report;</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">3. Based on my knowledge, the schedules of investments included in this report fairly present in all</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">material respects the investments of the registrant as of the end of the fiscal quarter for which the report is</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">filed;</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Company Act of 1940) for the registrant and have:</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) designed such disclosure controls and procedures, or caused such disclosure controls and</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">procedures to be designed under our supervision, to ensure that material information relating to the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">registrant, including its consolidated subsidiaries, is made known to us by others within those</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">entities, particularly during the period in which this report is being prepared;</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) designed such internal control over financial reporting, or caused such internal control</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">over financial reporting to be designed under our supervision, to provide reasonable assurance</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">regarding the reliability of financial reporting and the preparation of financial statements for</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">external purposes in accordance with generally accepted accounting principles;</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">c) evaluated the effectiveness of the registrant's disclosure controls and procedures and</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">presented in this report our conclusions about the effectiveness of the disclosure controls and</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">procedures, as of a date within 90 days prior to the filing date of this report, based on such</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">evaluation; and</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">d) disclosed in this report any change in the registrant's internal control over financial</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reporting that occurred during the registrant's most recent fiscal quarter that has materially</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">affected, or is reasonably likely to materially affect, the registrant's internal control over financial</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">reporting; and</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">audit committee of the registrant's board of directors (or persons performing the equivalent functions):</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) all significant deficiencies and material weaknesses in the design or operation of internal</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">control over financial reporting which are reasonably likely to adversely affect the registrant's</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">ability to record, process, summarize, and report financial information; and</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) any fraud, whether or not material, that involves management or other employees who</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">have a significant role in the registrant's internal control over financial reporting.</FONT><BR>
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<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date: July 15, 2009</FONT></P>
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<P align="left"> <U><FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Neal J. Andrews</FONT></U><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Neal J. Andrews</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chief Financial Officer (principal financial officer) of</FONT><BR>
<FONT size=2 face="TimesNewRomanPSMT,Times New Roman,Times,serif">BlackRock Limited Duration Income Trust</FONT></P>
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